DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY Financials Dar Al Arkan Real Estate Development Company
Equities
4300
SA11U0S23612
Real Estate Development & Operations
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.3 SAR | +0.30% |
|
-2.21% | -6.34% |
| Mar. 24 | Dar Al Arkan Real Estate Development Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 20 | Moody's Confirms Dar Al Arkan's Ratings; Outlook Stable | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,880 | 9,353 | 10,865 | 12,550 | 15,336 | 14,299 | - | - |
| Enterprise Value (EV) 1 | 15,663 | 14,639 | 16,125 | 12,550 | 19,966 | 17,771 | 17,490 | 18,511 |
| P/E ratio | 39.3 x | 433 x | - | - | 24.9 x | 16.9 x | 12.9 x | - |
| Yield | - | - | - | - | - | 3.76% | 3.76% | 3.76% |
| Capitalization / Revenue | 3.4 x | 4.81 x | 4.36 x | 3.2 x | 5.67 x | 4.32 x | 3.3 x | 3.19 x |
| EV / Revenue | 4.49 x | 7.53 x | 6.47 x | 3.2 x | 7.38 x | 5.37 x | 4.04 x | 4.13 x |
| EV / EBITDA | 22.2 x | 26.2 x | 22 x | 10.9 x | 21.8 x | 16.7 x | 14 x | 13.1 x |
| EV / FCF | -8,955,164 x | -9,985,016 x | - | - | - | - | - | - |
| FCF Yield | -0% | -0% | - | - | - | - | - | - |
| Price to Book | 0.64 x | 0.49 x | - | - | 0.76 x | 0.68 x | 0.64 x | - |
| Nbr of stocks (in thousands) | 1,080,000 | 1,080,000 | 1,080,000 | 1,080,000 | 1,080,000 | 1,080,000 | - | - |
| Reference price 2 | 11.00 | 8.660 | 10.06 | 11.62 | 14.20 | 13.30 | 13.30 | 13.30 |
| Announcement Date | 3/29/20 | 3/28/21 | 3/30/22 | 3/26/23 | 3/20/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,492 | 1,945 | 2,493 | 3,925 | 2,707 | 3,308 | 4,328 | 4,484 |
| EBITDA 1 | 705.3 | 559.6 | 733.7 | 1,150 | 915.6 | 1,065 | 1,247 | 1,411 |
| EBIT 1 | 649.7 | 503.3 | 684.8 | 1,100 | 865.3 | 1,025 | 1,359 | 1,373 |
| Operating Margin | 18.6% | 25.88% | 27.47% | 28.01% | 31.96% | 30.99% | 31.41% | 30.61% |
| Earnings before Tax (EBT) | 312.4 | 19.38 | - | - | - | - | - | - |
| Net income | 304.6 | 18.79 | 132.5 | - | - | - | - | - |
| Net margin | 8.72% | 0.97% | 5.32% | - | - | - | - | - |
| EPS 2 | 0.2800 | 0.0200 | - | - | 0.5700 | 0.7879 | 1.028 | - |
| Free Cash Flow | -1,749 | -1,466 | - | - | - | - | - | - |
| FCF margin | -50.09% | -75.38% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 0.5000 | 0.5000 | 0.5000 |
| Announcement Date | 3/29/20 | 3/28/21 | 3/30/22 | 3/26/23 | 3/20/24 | - | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 595.4 | 775.1 | 1,619 | 677.9 | 742.5 | 885.7 | 764.3 | 826.2 | 715.7 | 400.8 | 793.2 | 868.1 | 780.2 | 834.6 |
| EBITDA | - | - | - | - | - | - | 256.5 | - | - | - | - | - | - | - |
| EBIT 1 | - | 196.6 | 499.1 | 157.5 | 218.5 | 224.5 | 245.1 | 257.8 | 234.3 | 128.1 | 250.3 | 273.2 | 247.9 | 246.5 |
| Operating Margin | - | 25.36% | 30.82% | 23.24% | 29.43% | 25.35% | 32.07% | 31.2% | 32.74% | 31.95% | 31.56% | 31.48% | 31.78% | 29.54% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 56.4 | 221 | 92.58 | - | - | - | - | - | - | 122 | - | - | - |
| Net margin | - | 7.28% | 13.65% | 13.66% | - | - | - | - | - | - | 15.38% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/30/22 | 5/19/22 | 8/29/22 | 11/10/22 | 3/26/23 | 5/25/23 | 8/20/23 | 11/9/23 | 3/20/24 | - | - | - | - |
1SAR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,783 | 5,286 | 5,260 | - | 4,630 | 3,472 | 3,191 | 4,212 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.363 x | 9.446 x | 7.169 x | - | 5.058 x | 3.26 x | 2.559 x | 2.985 x |
| Free Cash Flow | -1,749 | -1,466 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 1.62% | 0.1% | - | - | 3.06% | 4.1% | 5.11% | - |
| ROA (Net income/ Total Assets) | 1.11% | 0.06% | - | - | - | - | - | - |
| Assets | 27,391 | 29,366 | - | - | - | - | - | - |
| Book Value Per Share 2 | 17.30 | 17.60 | - | - | 18.80 | 19.60 | 20.60 | - |
| Cash Flow per Share 2 | - | - | - | - | 1.310 | 0.6000 | 0.7300 | - |
| Capex 1 | 6.29 | 4.38 | - | - | 19.3 | 12 | 12 | - |
| Capex / Sales | 0.18% | 0.23% | - | - | 0.71% | 0.36% | 0.28% | - |
| Announcement Date | 3/29/20 | 3/28/21 | 3/30/22 | 3/26/23 | 3/20/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
D
Sell
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
13.3
SAR
Average target price
14.43
SAR
Spread / Average Target
+8.52%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.34% | 3.82B | |
| +39.94% | 28.07B | |
| -13.85% | 26.92B | |
| +22.78% | 26.28B | |
| +1.61% | 26.06B | |
| +49.67% | 22.69B | |
| +5.96% | 20.3B | |
| +3.66% | 19.59B | |
| +30.95% | 16.31B | |
| -10.00% | 15.21B |
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- Financials Dar Al Arkan Real Estate Development Company
