PERFECT PRESENTATION FOR COMMERCIAL SERVICES COMPANY Financials Perfect Presentation for Commercial Services Company
Equities
7204
SA15LISJGI11
IT Services & Consulting
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 29.85 SAR | +0.34% |
|
-0.50% | +21.64% |
| 06-03 | Tadawul-listed 2P Secures SAR135 Million Bank Facility | MT |
| 05-26 | 2P Wins Saudi Regulator’s Nod for Capital Increase | MT |
Valuation
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 2,628 | 3,681 | 4,478 | - | - |
| Enterprise Value (EV) 1 | 2,628 | 3,681 | 4,478 | 4,478 | 4,478 |
| P/E ratio | 20 x | 28.5 x | 24.7 x | 21.3 x | 17.6 x |
| Yield | - | - | 1.01% | 1.34% | 1.68% |
| Capitalization / Revenue | - | 3.26 x | 3.15 x | 2.74 x | 2.39 x |
| EV / Revenue | - | 3.26 x | 3.15 x | 2.74 x | 2.39 x |
| EV / EBITDA | - | 20.6 x | 20.4 x | 17 x | 14.3 x |
| EV / FCF | - | -27.2 x | 33.2 x | 31.1 x | 21.5 x |
| FCF Yield | - | -3.68% | 3.02% | 3.22% | 4.65% |
| Price to Book | - | 9.64 x | - | - | - |
| Nbr of stocks (in thousands) | 150,000 | 150,000 | 150,000 | - | - |
| Reference price 2 | 17.52 | 24.54 | 29.85 | 29.85 | 29.85 |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | - | 1,130 | 1,422 | 1,633 | 1,877 |
| EBITDA 1 | - | 178.4 | 220 | 263 | 314 |
| EBIT 1 | - | 173.7 | 215 | 257 | 307 |
| Operating Margin | - | 15.38% | 15.12% | 15.74% | 16.36% |
| Earnings before Tax (EBT) 1 | - | 135.3 | 187 | 224 | 273 |
| Net income 1 | 131.5 | 129.3 | 178 | 214 | 261 |
| Net margin | - | 11.45% | 12.52% | 13.1% | 13.91% |
| EPS 2 | 0.8760 | 0.8600 | 1.210 | 1.400 | 1.700 |
| Free Cash Flow 1 | - | -135.3 | 135 | 144 | 208 |
| FCF margin | - | -11.98% | 9.49% | 8.82% | 11.08% |
| FCF Conversion (EBITDA) | - | - | 61.36% | 54.75% | 66.24% |
| FCF Conversion (Net income) | - | - | 75.84% | 67.29% | 79.69% |
| Dividend per Share 2 | - | - | 0.3000 | 0.4000 | 0.5000 |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 225.1 | 246.4 | 270.3 | 387.9 | 219.5 |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 32.26 | 26.2 | 30.76 | 33.58 | 95.71 | 29.68 |
| Net margin | - | 11.64% | 12.48% | 12.42% | 24.67% | 13.52% |
| EPS 2 | 0.2200 | - | 0.2100 | 0.2200 | 0.2600 | 0.2000 |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/10/22 | 28/05/23 | 10/08/23 | 13/11/23 | 04/04/24 | 14/05/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - |
| Net Cash position | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - |
| Free Cash Flow 1 | - | -135 | 135 | 144 | 208 |
| ROE (net income / shareholders' equity) | - | 40.7% | 40% | 36.4% | 34.3% |
| ROA (Net income/ Total Assets) | - | 13% | - | - | - |
| Assets 1 | - | 992.8 | - | - | - |
| Book Value Per Share | - | 2.550 | - | - | - |
| Cash Flow per Share | - | - | - | - | - |
| Capex 1 | - | 21.5 | 27 | 28 | 28 |
| Capex / Sales | - | 1.9% | 1.9% | 1.71% | 1.49% |
| Announcement Date | 26/03/23 | 04/04/24 | - | - | - |
1SAR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
29.85
SAR
Average target price
28.5
SAR
Spread / Average Target
-4.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.64% | 1.19B | |
| -17.07% | 181B | |
| -1.24% | 161B | |
| +2.34% | 152B | |
| +5.50% | 101B | |
| +13.22% | 83.18B | |
| +34.02% | 73.91B | |
| -7.31% | 69.08B | |
| -32.52% | 45.87B | |
| -8.35% | 42.25B |
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