Saudi Electricity Company

SASE-5110

Basic

Market Cap
SAR 69.5B
EV
SAR 191.97B
Shares Out
4,166.59M
Revenue
SAR 77.81B
Employees
—

Margins

Gross
20.44%
EBITDA
42.38%
Operating
17.85%
Pre-Tax
14.19%
Net
13.71%
FCF
-12.48%

Returns (5Yr Avg)

ROA
1.76%
ROTA
3.73%
ROE
3.72%
ROCE
3.28%
ROIC
2.57%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
SAR 19.83
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
SAR 1,252.73M
Net Debt
SAR 122.47B
Debt/Equity
0.48
EBIT/Interest
3.74

Growth (CAGR)

Rev 3Yr
3.26%
Rev 5Yr
3.97%
Rev 10Yr
7.96%
Dil EPS 3Yr
-14.54%
Dil EPS 5Yr
12.82%
Dil EPS 10Yr
-0.25%
Rev Fwd 2Yr
5.25%
EBITDA Fwd 2Yr
11.6%
EPS Fwd 2Yr
44.06%
EPS LT Growth Est
10.31%

Dividends

Yield
—
Payout
107.69%
DPS
SAR 0.7
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
—

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						65,040	68,708.9	69,338	72,079.4	75,329.7	77,809
Total Revenues % Chg.						1.5%	5.6%	0.9%	4%	4.5%	8.2%
Cost of Goods Sold, Total						58,915.9	60,386.4	48,796.1	52,319.6	59,808.3	61,906.9
Gross Profit						6,124.1	8,322.5	20,542	19,759.8	15,521.4	15,902
Selling General & Admin Expenses, Total						912.9	1,303.5	567.4	1,772.5	1,822.7	1,935.1
Provision for Bad Debts		—	—	—	—	—	253.6	1,074.9	1,378.5	-149.9	-212.5
Depreciation & Amortization			—	—		509.6	—	427.9	—	—	—
Other Operating Expenses		—				-1,576.3	-1,756.9	-438.9	-600.1	105.5	291.9
Other Operating Expenses, Total						-153.9	-199.8	1,631.3	2,550.8	1,778.3	2,014.5
Operating Income						6,278	8,522.3	18,910.6	17,209	13,743.1	13,887.5
Interest Expense, Total	—	—				-4,729.8	-4,763.9	-2,471.7	-2,578.9	-3,690.7	-3,711.5
Interest And Investment Income	—	—				88.1	52.7	70.8	106.1	358.7	509.8
Net Interest Expenses	—	—				-4,641.7	-4,711.2	-2,400.8	-2,472.8	-3,332	-3,201.7
Income (Loss) On Equity Invest.						-40.2	4.3	-10.2	307.7	83.7	128.2
Other Non Operating Income (Expenses)						-9.7	—	—	—	—	—
EBT, Excl. Unusual Items						1,586.4	3,815.4	16,499.6	15,043.9	10,494.7	10,814
Gain (Loss) On Sale Of Assets						21.8	-189.2	48.6	-46.6	103.5	225.7
Asset Writedown	—	—	—	—	—	—	—	-863.4	615.7	—	—
Legal Settlements	—	—	—	—	—	—	—	-484.6	—	—	—
Other Unusual Items			—		—	—	-808.1	-207.9	—	—	—
EBT, Incl. Unusual Items						1,608.2	2,818.1	14,992.2	15,613	10,598.3	11,039.8
Income Tax Expense	—	—				220.6	-285.5	455.9	416.6	349	373
Earnings From Continuing Operations						1,387.6	3,103.6	14,536.3	15,196.4	10,249.3	10,666.7
Earnings Of Discontinued Operations	—	—	—	—	—	—	-78	-145.4	-61.2	—	—
Net Income						1,387.6	3,025.5	14,390.9	15,135.2	10,249.3	10,666.7
Preferred Dividend and Other Adjustments	—	—	—	—	—	—	927.4	7,661.4	7,661.4	7,661.4	7,958.3
Net Income to Common Incl Extra Items						1,387.6	2,098.2	6,729.5	7,473.8	2,587.9	2,708.5
Net Income to Common Excl. Extra Items						1,387.6	2,176.2	6,874.9	7,535	2,587.9	2,708.5
Total Shares Outstanding						4,166.6	4,166.6	4,166.6	4,166.6	4,166.6	4,166.6
Weighted Avg. Shares Outstanding						4,166.6	4,166.6	4,166.6	4,166.6	4,166.6	4,166.6
Weighted Avg. Shares Outstanding Dil						4,166.6	4,166.6	4,166.6	4,166.6	4,166.6	4,166.6
EPS						0.3	0.5	1.6	1.8	0.6	0.7
EPS Diluted						0.3	0.5	1.6	1.8	0.6	0.7
EBITDA						24,948.8	27,262.1	38,553.5	36,477.4	32,617	32,976
Effective Tax Rate	—	—				13.7%	-10.1%	3%	2.7%	3.3%	3.4%