Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
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Al-Dar National Real Estate Co. <strong>Fact</strong> <strong>Sheet</strong><br />
Real Estate Sector<br />
June 22, 2008<br />
Reuters Code: ADNC.KW Current Price (KD) : 0.162<br />
Key <strong>Fact</strong>s<br />
KD '000 2003 2004 2005 2006 2007<br />
Cash & Equivalent 0 1,365 6,722 987 1,988<br />
A/R & Other Debit Balances 2,468 285 4,436 470 5,255<br />
Investment 0 11,901 34,289 40,669 42,505<br />
Investments in Real Estate 0 30,359 31,758 37,043 58,701<br />
Fixed Assets 0 7 62 65 28<br />
Total Assets 2,468 43,917 77,267 79,234 108,476<br />
Bank Facilities & Wakala Payables 0 0 25,452 19,455 50,163<br />
A/P & Accruals 22 6,170 399 3,463 992<br />
Other Liabilities 0 4 53 64 76<br />
Total Liabilities 22 6,174 25,904 22,982 51,230<br />
Equity 2,445 37,744 51,363 56,252 57,246<br />
Operating Revenues 106 2,194 4,589 4,121 3,960<br />
Operating Expenses 10 170 914 2,714 3,694<br />
Operating Profit 96 2,024 3,675 1,406 266<br />
Investment Income 0 544 10,307 228 1,174<br />
Other Expenses 1 56 364 56 42<br />
Net Profit 95 2,512 13,619 1,578 1,398<br />
Key Ratios<br />
KAMCO Research<br />
2003 2004 2005 2006 2007<br />
Return On Assets 3.8% 5.7% 17.6% 2.0% 1.3%<br />
Return On Equity 3.9% 6.7% 26.5% 2.8% 2.4%<br />
Operating Profit Margin 90.5% 92.3% 80.1% 34.1% 6.7%<br />
Investments in Real Estate/Total Assets 0.0% 69.1% 41.1% 46.8% 54.1%<br />
Investments/Total Assets 0.0% 27.1% 44.4% 51.3% 39.2%<br />
Equity/Total Assets 99.1% 85.9% 66.5% 71.0% 52.8%<br />
Historical Share Data* YTD<br />
2004 2005 2006 2007 22-Jun-08<br />
Market Capitalization (KD thousand) N/A 113,750 73,920 60,480 68,040<br />
Closing Share Price (KD) N/A 0.325 0.176 0.144 0.162<br />
Highest Price for the Period (KD) N/A 0.455 0.375 0.190 0.174<br />
Lowest Price for the Period (KD) N/A 0.212 0.146 0.140 0.126<br />
Volume (Shares thousand) N/A 513,540 274,940 184,280 181,040<br />
Value (KD thousand) N/A 177,540 63,666 30,913 27,509<br />
No. of Trades N/A 18,690 9,001 4,938 4,652<br />
EPS (KD) 0.008 0.031 0.004 0.003 0.003<br />
Book Value Per Share (KD) 0.108 0.147 0.137 0.139 0.139<br />
Dividend Per Share (KD) 0.000 0.000 0.000 0.000 NA<br />
Price to Earnings Multiple (X) #<br />
20.28 5.15 41.01 47.65 47.65<br />
Price to Book Value Multiple (X) #<br />
1.50 1.10 1.18 1.16 1.16<br />
Dividend Yield (%) #<br />
0.00 0.00 0.00 0.00 0.00<br />
KD<br />
0.195<br />
0.185<br />
0.175<br />
0.165<br />
0.155<br />
0.145<br />
0.135<br />
0.125<br />
52-Week Price Chart Rel. to KAMCO TRW Index<br />
ADNC KAMCO TRW Index<br />
Index<br />
24.6.07<br />
8.7.07<br />
22.7.07<br />
5.8.07<br />
19.8.07<br />
2.9.07<br />
16.9.07<br />
30.9.07<br />
14.10.07<br />
28.10.07<br />
11.11.07<br />
25.11.07<br />
9.12.07<br />
23.12.07<br />
6.1.08<br />
20.1.08<br />
3.2.08<br />
17.2.08<br />
2.3.08<br />
16.3.08<br />
30.3.08<br />
13.4.08<br />
27.4.08<br />
11.5.08<br />
25.5.08<br />
8.6.08<br />
22.6.08<br />
4,800<br />
4,700<br />
4,600<br />
4,500<br />
4,400<br />
4,300<br />
4,200<br />
4,100<br />
4,000<br />
NA: Not Applicable, NM: Not Meaningful<br />
YTD: Beginning of year to date<br />
#<br />
:Historical P/E, P/B & Yield are based on<br />
current price & historical earning per share,<br />
book value per share & dividend per share<br />
*: The Company was listed on the KSE on 2-July-05<br />
Investment Research Department<br />
KIPCO Asset Management Co.K.S.C.C<br />
KAMCO<br />
P.O.Box: 28873 Safat 13149 <strong>Kuwait</strong><br />
Email : kamco_research@kamconline.com
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