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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 7.0x - 7.8x | 7.4x |
Selected Fwd P/E Multiple | 3.9x - 4.3x | 4.1x |
Fair Value | د.إ 229.96 - د.إ 254.16 | د.إ 242.06 |
Upside | 9.5% - 21.0% | 15.3% |
Benchmarks | - | Full Ticker |
Islamic Arab Insurance Co. (Salama) PJSC | - | DFM:SALAMA |
United Fidelity Insurance Company (P.S.C.) | - | ADX:FIDELITYUNITED |
Al Buhaira National Insurance Company P.S.C. | - | ADX:ABNIC |
Sukoon Takaful PJSC | - | DFM:SUKOONTAKAFL |
Insurance House P.S.C. | - | ADX:IH |
Al Fujairah National Insurance Company P.J.S.C | - | ADX:AFNIC |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
SALAMA | FIDELITYUNITED | ABNIC | SUKOONTAKAFL | IH | AFNIC | |||
DFM:SALAMA | ADX:FIDELITYUNITED | ADX:ABNIC | DFM:SUKOONTAKAFL | ADX:IH | ADX:AFNIC | |||
Historical Net Income Growth | ||||||||
5Y CAGR | -24.9% | NM- | NM- | NM- | NM- | -4.3% | ||
3Y CAGR | -31.1% | NM- | NM- | 43.4% | NM- | 10.2% | ||
Latest Twelve Months | 101.3% | -829.1% | 92.6% | 135.9% | 68.4% | 589.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 3.9% | -3.2% | -8.7% | -14.3% | -11.7% | 4.3% | ||
Prior Fiscal Year | -13.4% | -6.4% | -35.0% | -85.8% | -37.8% | -2.7% | ||
Latest Fiscal Year | 1.2% | -21.5% | -6.5% | 20.4% | -12.1% | 5.6% | ||
Latest Twelve Months | 0.2% | -27.2% | -1.4% | 19.8% | -8.2% | 7.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 4.5x | -1.7x | 38.4x | 1.6x | -3.8x | 4.0x | ||
Price / LTM Sales | 0.4x | 0.9x | 1.2x | 1.7x | 0.5x | 0.6x | ||
LTM P/E Ratio | 186.3x | -3.3x | -83.1x | 8.4x | -5.9x | 7.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -83.1x | -3.3x | 186.3x | |||||
Historical LTM P/E Ratio | -104.7x | 7.2x | 20.3x | |||||
Selected P/E Multiple | 7.0x | 7.4x | 7.8x | |||||
(x) LTM Net Income | 39 | 39 | 39 | |||||
(=) Equity Value | 273 | 287 | 301 | |||||
(/) Shares Outstanding | 1.3 | 1.3 | 1.3 | |||||
Implied Value Range | 204.95 | 215.73 | 226.52 | |||||
FX Rate: AED/AED | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 204.95 | 215.73 | 226.52 | 210.00 | ||||
Upside / (Downside) | -2.4% | 2.7% | 7.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | SALAMA | FIDELITYUNITED | ABNIC | SUKOONTAKAFL | IH | AFNIC | |
Value of Common Equity | 374 | 256 | 763 | 188 | 75 | 280 | |
(/) Shares Outstanding | 922.8 | 160.0 | 250.0 | 154.0 | 113.5 | 1.3 | |
Implied Stock Price | 0.41 | 1.60 | 3.05 | 1.22 | 0.66 | 210.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.41 | 1.60 | 3.05 | 1.22 | 0.66 | 210.00 | |
Trading Currency | AED | AED | AED | AED | AED | AED | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |