Financials Retal Urban Development Company

Equities

4322

SA15J1S23H17

Real Estate Development & Operations

Market Closed - Saudi Arabian S.E. 13:20:05 09/05/2024 BST 5-day change 1st Jan Change
9.3 SAR +5.32% Intraday chart for Retal Urban Development Company +2.76% +9.15%

Valuation

Fiscal Period: December 2023 2024 2025 2026
Capitalization 1 4,260 4,650 - -
Enterprise Value (EV) 1 4,260 5,358 5,247 4,834
P/E ratio 21.3 x 19 x 15.2 x 9.89 x
Yield - 4.3% 4.62% 7.2%
Capitalization / Revenue - 2.96 x 2.55 x 1.73 x
EV / Revenue - 3.41 x 2.88 x 1.79 x
EV / EBITDA - 17.7 x 15.1 x 9.56 x
EV / FCF - 18 x 14.1 x 6.19 x
FCF Yield - 5.54% 7.1% 16.1%
Price to Book - 5.81 x 5.22 x 4.49 x
Nbr of stocks (in thousands) 500,000 500,000 - -
Reference price 2 8.520 9.300 9.300 9.300
Announcement Date 03/03/24 - - -
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2023 2024 2025 2026
Net sales 1 - 1,572 1,821 2,693
EBITDA 1 - 302 348.4 505.7
EBIT 1 - 281.2 325 479.9
Operating Margin - 17.89% 17.85% 17.82%
Earnings before Tax (EBT) 1 - 261.3 324.1 499.1
Net income 1 202.4 243.5 303.4 470.2
Net margin - 15.49% 16.66% 17.46%
EPS 2 0.4000 0.4900 0.6100 0.9400
Free Cash Flow 1 - 296.9 372.6 780.5
FCF margin - 18.89% 20.46% 28.98%
FCF Conversion (EBITDA) - 98.31% 106.95% 154.34%
FCF Conversion (Net income) - 121.93% 122.81% 165.99%
Dividend per Share 2 - 0.4000 0.4300 0.6700
Announcement Date 03/03/24 - - -
1SAR in Million2SAR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2023 2024 2025 2026
Net Debt 1 - 708 597 184
Net Cash position 1 - - - -
Leverage (Debt/EBITDA) - 2.343 x 1.712 x 0.3642 x
Free Cash Flow 1 - 297 373 781
ROE (net income / shareholders' equity) - 31.4% 35.9% 48.8%
ROA (Net income/ Total Assets) - 6.3% 7.2% 9.7%
Assets 1 - 3,865 4,214 4,847
Book Value Per Share 2 - 1.600 1.780 2.070
Cash Flow per Share - - - -
Capex 1 - 55.7 60 82
Capex / Sales - 3.54% 3.3% 3.04%
Announcement Date 03/03/24 - - -
1SAR in Million2SAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
9.3 SAR
Average target price
11.6 SAR
Spread / Average Target
+24.73%
Consensus

Annual profits - Rate of surprise

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