Financials Takaful Emarat - Insurance

Equities

TAKAFUL-EM

AET000201011

Multiline Insurance & Brokers

Market Closed - Dubai FM 06:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
0.53 AED -1.12% Intraday chart for Takaful Emarat - Insurance -1.67% +35.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 246 196.5 240 178.5 88.5 58.65
Enterprise Value (EV) 1 207 184.7 182.6 150.6 38.11 61.74
P/E ratio 17.5 x -5.19 x 581 x -26.7 x 36.2 x -4.72 x
Yield 4.27% - - - - -
Capitalization / Revenue 0.8 x 0.47 x 0.56 x 0.35 x 0.24 x 0.2 x
EV / Revenue 0.68 x 0.45 x 0.43 x 0.29 x 0.1 x 0.21 x
EV / EBITDA 11.5 x -7.15 x 24.7 x -60.7 x 8.38 x -5.06 x
EV / FCF 2.35 x -1.57 x 10.8 x -2.56 x -0.98 x -1.87 x
FCF Yield 42.5% -63.7% 9.29% -39% -102% -53.5%
Price to Book 1.49 x 1.66 x 2.11 x 1.45 x 0.71 x -1.48 x
Nbr of stocks (in thousands) 150,000 150,000 150,000 150,000 150,000 150,000
Reference price 2 1.640 1.310 1.600 1.190 0.5900 0.3910
Announcement Date 3/3/19 3/11/20 3/31/21 3/31/22 3/31/23 4/5/24
1AED in Million2AED
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 306.3 414.6 429 517 374.4 288
EBITDA 1 17.96 -25.84 7.392 -2.48 4.549 -12.21
EBIT 1 15.09 -29.35 3.99 -6.04 1.248 -12.46
Operating Margin 4.92% -7.08% 0.93% -1.17% 0.33% -4.33%
Earnings before Tax (EBT) 1 14.05 -37.85 0.413 -6.683 2.448 -12.43
Net income 1 14.05 -37.85 0.413 -6.683 2.448 -12.43
Net margin 4.58% -9.13% 0.1% -1.29% 0.65% -4.32%
EPS 2 0.0936 -0.2523 0.002753 -0.0446 0.0163 -0.0828
Free Cash Flow 1 88.07 -117.7 16.98 -58.78 -38.82 -33
FCF margin 28.75% -28.38% 3.96% -11.37% -10.37% -11.46%
FCF Conversion (EBITDA) 490.44% - 229.63% - - -
FCF Conversion (Net income) 627.02% - 4,110.36% - - -
Dividend per Share 2 0.0700 - - - - -
Announcement Date 3/3/19 3/11/20 3/31/21 3/31/22 3/31/23 4/5/24
1AED in Million2AED
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - 3.09
Net Cash position 1 39 11.8 57.4 27.9 50.4 -
Leverage (Debt/EBITDA) - - - - - -0.2533 x
Free Cash Flow 1 88.1 -118 17 -58.8 -38.8 -33
ROE (net income / shareholders' equity) 8.95% -26.7% 0.37% -5.65% 1.97% 37.2%
ROA (Net income/ Total Assets) 1% -1.76% 0.23% -0.35% 0.08% -1.27%
Assets 1 1,400 2,150 176.4 1,888 3,106 977.3
Book Value Per Share 2 1.100 0.7900 0.7600 0.8200 0.8400 -0.2600
Cash Flow per Share 2 0.6100 0.3500 0.5600 0.3300 0.4500 0.4200
Capex 1 5.93 2.99 2.15 0.7 0.29 0.17
Capex / Sales 1.94% 0.72% 0.5% 0.14% 0.08% 0.06%
Announcement Date 3/3/19 3/11/20 3/31/21 3/31/22 3/31/23 4/5/24
1AED in Million2AED
Estimates
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