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 2,518 - -
Change - -14.15% -34.94% -3.93% 3.18% -24.23% - -
Enterprise Value (EV) 1 6,544 6,590 4,853 4,582 4,699 3,878 3,797 3,479
Change - 0.7% -26.36% -5.58% 2.55% -17.48% -2.09% -8.37%
P/E 27.3x 31.2x 26x 22.7x 162x 37.4x 34.4x 14.3x
PBR 2.25x 2.05x 1.36x 1.28x 1.3x 0.96x - -
PEG - -1.3x -1.2x 2.2x -1.9x 0x 3.96x 0x
Capitalization / Revenue 0.99x 0.87x 0.59x 0.51x 0.52x 0.4x 0.38x 0.37x
EV / Revenue 1.08x 1.11x 0.85x 0.72x 0.74x 0.61x 0.57x 0.51x
EV / EBITDA 9.67x 10.7x 7.71x 7.05x 7.65x 6.69x 6.36x 4.94x
EV / EBIT 21.3x 26.9x 18.2x 15.4x 19.8x 18.5x 14.6x 11x
EV / FCF 34.7x 13.5x 12.8x 9.34x 11.7x -89.8x 18.3x 9.06x
FCF Yield 2.88% 7.39% 7.83% 10.7% 8.55% -1.11% 5.47% 11%
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 0.046 0.05 0.12
Distribution rate 86.7% 115% - - - - - -
Net sales 1 6,069 5,926 5,694 6,324 6,360 6,375 6,617 6,880
EBITDA 1 676.6 616 629.7 650.3 614 579.3 596.8 704.4
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 29.8 9.57 47
Net Debt 1 541.3 1,436 1,500 1,361 1,375 1,359 1,278 960.4
Reference price 2 4.100 3.520 2.290 2.200 2.270 1.720 1.720 1.720
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 10/2/22 9/2/23 8/2/24 11/2/25 10/2/26 - - -
1AED in Million2AED
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.39x0.61x6.69x-.--% 686M
33.8x1.42x11.86x0.52% 52.26B
25x1.16x12.13x3.1% 30.37B
8.57x0.39x4.08x3.19% 9.89B
22.02x0.74x6.76x1.86% 8.11B
16.35x1.07x4.01x6.09% 5.16B
21.19x2.26x17.28x2.74% 3.37B
17.39x1.71x10.08x4.08% 3.11B
13.46x0.81x7.5x3.03% 2.83B
Average 21.69x 1.13x 8.93x 2.74% 12.86B
Weighted average by Cap. 26.45x 1.21x 10.53x 1.99%

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