Financials Riyadh Cables Group Company

Equities

4142

SA15LGLI0N19

Electrical Components & Equipment

Delayed Saudi Arabian S.E. Other stock markets 08:26:57 27/06/2024 BST			5-day change	1st Jan Change
101.4 ^SAR	0.00%		+1.70%	+9.72%

06-09	Riyadh Cables Group's Major Shareholder to Reorganize Portfolio	MT
05-16	Riyadh Cables Group Company Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	5,438	13,887	15,181	-	-
Enterprise Value (EV) ¹	6,798	13,887	16,991	17,000	17,161
P/E ratio	15.4 x	26.8 x	25.3 x	21.6 x	21 x
Yield	-	2.7%	2.95%	3.44%	3.72%
Capitalization / Revenue	0.79 x	1.77 x	1.88 x	1.71 x	1.63 x
EV / Revenue	0.99 x	1.77 x	2.1 x	1.92 x	1.84 x
EV / EBITDA	13 x	19.1 x	20.2 x	18.4 x	18 x
EV / FCF	48.7 x	11.7 x	60.5 x	33.9 x	40.9 x
FCF Yield	2.05%	8.55%	1.65%	2.95%	2.45%
Price to Book	2.56 x	-	6.22 x	5.7 x	5.31 x
Nbr of stocks (in thousands)	150,000	149,970	149,718	-	-
Reference price ²	36.25	92.60	101.4	101.4	101.4
Announcement Date	19/03/23	07/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	4,883	6,852	7,825	8,091	8,858	9,312
EBITDA ¹	-	521.7	728.3	842.7	926	955.7
EBIT ¹	-	457.7	661.9	768.7	847.7	873
Operating Margin	-	6.68%	8.46%	9.5%	9.57%	9.38%
Earnings before Tax (EBT) ¹	-	384.9	558.6	653	762	787
Net income ¹	239.8	352.3	518.8	601	704.3	728.3
Net margin	4.91%	5.14%	6.63%	7.43%	7.95%	7.82%
EPS ²	-	2.350	3.460	4.010	4.690	4.827
Free Cash Flow ¹	-	139.5	1,187	281	502	420
FCF margin	-	2.04%	15.17%	3.47%	5.67%	4.51%
FCF Conversion (EBITDA)	-	26.74%	163.03%	33.35%	54.21%	43.95%
FCF Conversion (Net income)	-	39.6%	228.89%	46.76%	71.27%	57.67%
Dividend per Share ²	-	-	2.500	2.993	3.483	3.777
Announcement Date	01/11/22	19/03/23	07/03/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	-	1,937	1,918	2,081	1,890	2,032
EBITDA	-	295.9	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income ¹	153.3	199.1	-	-	-	-	186.5
Net margin	-	-	-	-	-	-	9.18%
EPS	1.020	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	01/11/22	19/03/23	10/05/23	15/08/23	05/11/23	07/03/24	16/05/24

¹SAR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	1,361	-	1,810	1,819	1,980
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.609 x	-	2.148 x	1.964 x	2.072 x
Free Cash Flow ¹	-	140	1,187	281	502	420
ROE (net income / shareholders' equity)	-	17%	23.8%	25.6%	28.2%	27.1%
ROA (Net income/ Total Assets)	-	8.22%	11%	12.2%	13.3%	12.8%
Assets ¹	-	4,288	4,727	4,926	5,296	5,712
Book Value Per Share ²	-	14.10	-	16.30	17.80	19.10
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	45.3	155	210	208	209
Capex / Sales	-	0.66%	1.98%	2.6%	2.35%	2.24%
Announcement Date	01/11/22	19/03/23	07/03/24	-	-	-

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

Ratings for Riyadh Cables Group Company

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

101.4 SAR

Average target price

102 SAR

Spread / Average Target

+0.59%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Wires & Cables

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WALSIN LIHWA CORPORATION	-8.41%	4.38B
LS CORP.	+51.82%	2.79B
R R KABEL LIMITED	+12.07%	2.38B
TAIHAN CABLE & SOLUTION CO., LTD.	+58.73%	2.13B
QINGDAO HANHE CABLE CO.,LTD	-16.50%	1.53B

Wires & Cables