Company Valuation: Bawan Company

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 963.6 1,490 2,103 1,761 2,736 3,360
Change - 54.67% 41.1% -16.26% 55.37% 22.81%
Enterprise Value (EV) 1 1,861 2,215 2,781 2,329 3,151 3,842
Change - 19% 25.57% -16.26% 35.28% 21.94%
P/E ratio 36.2x 16.5x 12.3x 10.8x 20.1x 31.7x
PBR 1.54x 2.15x 2.84x 2.04x 2.97x 3.62x
PEG - 0x 0.1x -2.46x -1.2x -1.4x
Capitalization / Revenue 0.43x 0.62x 0.65x 0.48x 0.82x 1.11x
EV / Revenue 0.83x 0.92x 0.86x 0.64x 0.94x 1.27x
EV / EBITDA 16.4x 11.3x 11x 7.83x 12.9x 18.2x
EV / EBIT 40x 18.4x 15.3x 10.4x 18.1x 25.3x
EV / FCF 96.9x 21.8x 23.6x 20.2x 19.7x -383x
FCF Yield 1.03% 4.59% 4.23% 4.94% 5.06% -0.26%
Dividend per Share 2 - 1 1.5 1.5 1.5 -
Rate of return - 4.03% 4.28% 5.11% 3.29% -
EPS 2 0.4439 1.503 2.839 2.714 2.267 1.767
Distribution rate - 66.5% 52.8% 55.3% 66.2% -
Net sales 1 2,235 2,418 3,227 3,632 3,352 3,020
EBITDA 1 113.5 195.9 252.3 297.6 244.5 211.6
EBIT 1 46.49 120.6 182 223.5 174.3 152
Net income 1 26.63 90.17 170.3 162.8 136 106
Net Debt 1 897.7 724.6 678.2 568 414.8 482.1
Reference price 2 16.06 24.84 35.05 29.35 45.60 56.00
Nbr of stocks (in thousands) 60,000 60,000 60,000 60,000 60,000 60,000
Announcement Date 3/26/20 A 3/10/21 A 3/7/22 A 3/9/23 A 3/7/24 A 3/25/25 A
1SAR in Million2SAR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 679M
28.4x3.11x15.86x1.65% 45.34B
12.54x1.04x6.61x3% 44.23B
20.96x3.55x14.3x1.18% 15.88B
-105.73x1.67x18.07x-.--% 16.48B
16.43x2.12x11.15x1.87% 13.93B
25.88x0.97x10.19x-.--% 10.62B
21.79x0.91x6x3.4% 8.36B
36.38x4.71x17.67x0.88% 8.39B
21.55x3.14x12.91x0.62% 7.93B
Average 8.69x 2.36x 12.53x 1.4% 17.18B
Weighted average by Cap. 9.32x 2.24x 12.27x 1.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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