Financials Saudi Automotive Services Company

Equities

4050

SA0007870070

Oil & Gas Refining and Marketing

End-of-day quote Saudi Arabian S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
83.8 SAR +2.57% Intraday chart for Saudi Automotive Services Company -1.30% +12.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,013 1,767 1,848 1,842 1,950 4,458
Enterprise Value (EV) 1 1,526 3,020 3,617 3,608 5,323 8,104
P/E ratio 28.6 x 14.5 x 46.1 x 36.1 x 21.7 x 42.3 x
Yield 2.96% 3.4% 1.95% 2.44% 3.08% -
Capitalization / Revenue 0.49 x 0.71 x 0.87 x 0.45 x 0.25 x 0.49 x
EV / Revenue 0.74 x 1.22 x 1.69 x 0.89 x 0.68 x 0.89 x
EV / EBITDA 18.5 x 20 x 26.3 x 22 x 28.3 x 28.7 x
EV / FCF -20.3 x 44.4 x 29.6 x 19.6 x 9.44 x 146 x
FCF Yield -4.92% 2.25% 3.38% 5.11% 10.6% 0.68%
Price to Book 1.38 x 2.07 x 2.3 x 2.27 x 2.33 x 5.09 x
Nbr of stocks (in thousands) 60,000 60,000 60,000 60,000 60,000 60,000
Reference price 2 16.88 29.45 30.80 30.70 32.50 74.30
Announcement Date 3/21/19 4/6/20 4/1/21 3/17/22 3/16/23 3/28/24
1SAR in Million2SAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,056 2,483 2,136 4,062 7,852 9,113
EBITDA 1 82.4 150.9 137.7 163.9 188 282.2
EBIT 1 37.68 102 83.39 97.11 94.73 172.4
Operating Margin 1.83% 4.11% 3.9% 2.39% 1.21% 1.89%
Earnings before Tax (EBT) 1 38.23 125.1 45.83 54.46 106.3 136.4
Net income 1 35.45 121.8 40.13 50.84 89.71 105.5
Net margin 1.72% 4.91% 1.88% 1.25% 1.14% 1.16%
EPS 2 0.5909 2.030 0.6688 0.8500 1.495 1.758
Free Cash Flow 1 -75.04 68.07 122.2 184.5 563.7 55.5
FCF margin -3.65% 2.74% 5.72% 4.54% 7.18% 0.61%
FCF Conversion (EBITDA) - 45.12% 88.74% 112.58% 299.81% 19.67%
FCF Conversion (Net income) - 55.88% 304.55% 362.89% 628.34% 52.61%
Dividend per Share 2 0.5000 1.000 0.6000 0.7500 1.000 -
Announcement Date 3/21/19 4/6/20 4/1/21 3/17/22 3/16/23 3/28/24
1SAR in Million2SAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3
Net sales 1 - 1,214 1,272 - 2,241
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 1 11.4 15.35 8.017 29.68 23.53
Net margin - 1.26% 0.63% - 1.05%
EPS 0.1900 - - 0.4900 -
Dividend per Share - - - - -
Announcement Date 11/3/21 3/13/22 5/8/22 8/24/22 10/31/22
1SAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 513 1,253 1,769 1,766 3,373 3,646
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.224 x 8.303 x 12.84 x 10.78 x 17.94 x 12.92 x
Free Cash Flow 1 -75 68.1 122 185 564 55.5
ROE (net income / shareholders' equity) 4.79% 15.2% 4.85% 6.29% 10.8% 13.2%
ROA (Net income/ Total Assets) 1.52% 3.14% 1.89% 1.94% 1.26% 1.79%
Assets 1 2,339 3,881 2,123 2,622 7,098 5,902
Book Value Per Share 2 12.20 14.20 13.40 13.50 13.90 14.60
Cash Flow per Share 2 1.210 1.090 1.740 2.580 10.60 3.050
Capex 1 100 78.9 155 184 185 296
Capex / Sales 4.88% 3.18% 7.25% 4.52% 2.35% 3.25%
Announcement Date 3/21/19 4/6/20 4/1/21 3/17/22 3/16/23 3/28/24
1SAR in Million2SAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise

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