SAUDI REINSURANCE COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.2 SAR | +2.17% |
|
+2.55% | +51.61% |
| 07:55am | Saudi Reinsurance Posts Higher Q1 Attributable Net Profit, Insurance Revenue | MT |
| Apr. 03 | Saudi Reinsurance Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 753.3 | 1,225 | 1,221 | 1,657 | 2,548 | - |
| Enterprise Value (EV) 1 | 753.3 | 1,225 | 1,221 | 1,657 | 2,548 | 2,548 |
| P/E ratio | 16.6 x | 26.5 x | 29.1 x | 13.3 x | 20.1 x | 17.6 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 1.12 x | 1.86 x | - | 2.64 x | 4.91 x | 3.61 x |
| EV / Revenue | 1.12 x | 1.86 x | - | 2.64 x | 4.91 x | 3.61 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 0.86 x | 1.33 x | - | - | - | - |
| Nbr of stocks (in thousands) | 89,100 | 89,100 | 89,100 | 89,100 | 89,100 | - |
| Reference price 2 | 8.455 | 13.75 | 13.70 | 18.60 | 28.20 | 28.20 |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | 670 | 659.8 | - | 627.2 | 519 | 706 |
| EBITDA | - | - | - | - | - | - |
| EBIT | 58.11 | 52.85 | - | - | - | - |
| Operating Margin | 8.67% | 8.01% | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 55.12 | - | 158.6 | 166 | 197 |
| Net income 1 | 59.32 | 45.92 | 41.48 | 124.4 | 124 | 147 |
| Net margin | 8.85% | 6.96% | - | 19.84% | 23.89% | 20.82% |
| EPS 2 | 0.5100 | 0.5182 | 0.4700 | 1.400 | 1.400 | 1.600 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million2SAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|
| Net sales | - | - | - |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 34.07 | 19.19 | 31.79 |
| Net margin | - | - | - |
| EPS 2 | 0.3800 | - | 0.3600 |
| Dividend per Share | - | - | - |
| Announcement Date | 11/13/23 | 3/26/24 | 5/9/24 |
1SAR in Million2SAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.94% | 5.11% | - | 11.5% | 9% | 8.6% |
| ROA (Net income/ Total Assets) | 2.32% | 1.72% | - | - | - | - |
| Assets 1 | 2,557 | 2,671 | - | - | - | - |
| Book Value Per Share | 9.820 | 10.40 | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 3/29/21 | 3/28/23 | 3/26/24 | - | - |
1SAR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
28.2
SAR
Average target price
27.4
SAR
Spread / Average Target
-2.84%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +51.61% | 656M | |
| +7.91% | 29.95B | |
| +7.47% | 16.56B | |
| +14.91% | 11.98B | |
| +7.46% | 2.11B | |
| +6.22% | 1.68B | |
| +9.38% | 1.01B | |
| -11.17% | 640M | |
| +11.12% | 451M | |
| +16.86% | 380M |
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