Company Valuation: Aramex

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,003 5,154 3,353 3,221 3,324 2,474 - -
Change - -14.15% -34.94% -3.93% 3.18% -25.55% - -
Enterprise Value (EV) 1 6,544 6,590 4,853 4,582 4,699 3,893 3,753 3,435
Change - 0.7% -26.36% -5.58% 2.55% -17.14% -3.61% -8.47%
P/E 27.3x 31.2x 26x 22.7x 162x 28.6x 18.8x 14.1x
PBR 2.25x 2.05x 1.36x 1.28x 1.3x 0.94x - -
PEG - -1.3x -1.2x 2.2x -1.9x 0x 0.4x 0.4x
Capitalization / Revenue 0.99x 0.87x 0.59x 0.51x 0.52x 0.4x 0.37x 0.36x
EV / Revenue 1.08x 1.11x 0.85x 0.72x 0.74x 0.62x 0.57x 0.5x
EV / EBITDA 9.67x 10.7x 7.71x 7.05x 7.65x 6.84x 6.29x 4.88x
EV / EBIT 21.3x 26.9x 18.2x 15.4x 19.8x 18.6x 14.5x 10.8x
EV / FCF 34.7x 13.5x 12.8x 9.34x 11.7x -90.1x 9.7x 8.94x
FCF Yield 2.88% 7.39% 7.83% 10.7% 8.55% -1.11% 10.3% 11.2%
Dividend per Share 2 0.13 0.13 - - - - - -
Rate of return 3.17% 3.69% - - - - - -
EPS 2 0.15 0.113 0.088 0.097 0.014 0.059 0.09 0.12
Distribution rate 86.7% 115% - - - - - -
Net sales 1 6,069 5,926 5,694 6,324 6,360 6,233 6,617 6,880
EBITDA 1 676.6 616 629.7 650.3 614 569 596.8 704.4
EBIT 1 306.7 245.3 266.7 296.7 237.7 209.8 259.7 316.8
Net income 1 225.4 165.4 129.3 141.8 20.58 22.4 9.57 47
Net Debt 1 541.3 1,436 1,500 1,361 1,375 1,419 1,278 960.4
Reference price 2 4.100 3.520 2.290 2.200 2.270 1.690 1.690 1.690
Nbr of stocks (in thousands) 1,464,100 1,464,100 1,464,100 1,464,100 1,464,100 1,464,100 - -
Announcement Date 2/10/22 A 2/9/23 A 2/8/24 A 2/11/25 A 2/10/26 A - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.74x0.62x6.84x-.--% 674M
31.95x1.33x11.3x0.53% 49.79B
22.7x1.07x11.29x3.4% 29.34B
9.32x0.41x4.52x3.01% 11.04B
17.31x0.72x6.32x1.98% 7.9B
17.59x1.22x4.53x5.71% 5.61B
20.19x2.19x16.79x2.78% 3.31B
17.11x1.69x9.93x4.15% 3.17B
15.47x0.54x6.41x3.95% 2.78B
Average 20.93x 1.09x 8.66x 2.83% 12.62B
Weighted average by Cap. 24.51x 1.14x 9.94x 2.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield