SHAMAL AZ-ZOUR AL-OULA POWER AND WATER COMPANY K.S.C.P

Shamal Az-Zour Al-Oula Power and Water Company

AZNOULAStocksBoursa KuwaitUtilities

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	155.10M	163.90M	166.10M	190.30M	206.80M
Market Cap Growth	-11.3%	-1.3%	-12.7%	-8.0%	-17.5%
Enterprise Value	430.87M	437.28M	464.68M	500.56M	544.40M
Last Close Price	0.14	0.15	0.14	0.16	0.17
Valuation Multiples
PE Ratio	10.32	10.91	18.03	15.11	14.30
PS Ratio	2.97	3.14	3.41	3.62	3.92
PB Ratio	1.14	1.21	1.23	1.58	1.77
P/TBV Ratio	1.14	1.21	1.23	1.58	1.77
P/FCF Ratio	3.48	3.68	3.28	4.54	4.08
P/OCF Ratio	3.48	3.68	3.27	4.54	4.07
EV/Sales Ratio	8.26	8.38	9.55	9.51	10.32
EV/EBITDA Ratio	14.48	14.69	16.99	15.57	16.54
EV/EBIT Ratio	14.50	14.72	17.02	15.59	16.55
EV/FCF Ratio	9.67	9.82	9.19	11.94	10.75
Leverage & Capital
Debt / Equity Ratio	2.09	2.09	2.22	2.75	2.98
Debt / EBITDA Ratio	9.51	9.51	10.93	10.30	10.58
Debt / FCF Ratio	6.35	6.35	5.91	7.90	6.88
Net Debt / Equity Ratio	2.03	2.03	2.13	2.65	2.81
Net Debt / EBITDA Ratio	9.27	9.27	10.49	9.93	9.98
Net Debt / FCF Ratio	6.19	6.19	5.67	7.62	6.49
Efficiency & Liquidity
Asset Turnover	0.12	0.12	0.11	0.11	0.11
Quick Ratio	1.31	1.31	1.23	1.43	1.41
Current Ratio	1.34	1.34	1.25	1.45	1.43
Returns & Yields
Return on Equity (ROE)	+11.1%	+11.1%	+7.2%	+10.6%	+16.5%
Return on Assets (ROA)	+4.2%	+4.2%	+3.7%	+4.3%	+4.2%
Return on Capital Employed (ROCE)	+7.5%	+7.5%	+6.6%	+7.4%	+7.3%
Earnings Yield	+9.7%	+9.2%	+5.5%	+6.6%	+7.0%
FCF Yield	+28.7%	+27.2%	+30.5%	+22.0%	+24.5%
Dividend Yield	+5.0%	—	+4.2%	+3.1%	+10.2%
Payout Ratio	+51.2%	+55.1%	+59.4%	+83.3%	+133.7%
Total Shareholder Return	+5.0%	—	+4.2%	+3.1%	+10.2%

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	155.10M	163.90M	166.10M	190.30M	206.80M
Market Cap Growth	-11.3%	-1.3%	-12.7%	-8.0%	-17.5%
Enterprise Value	430.87M	437.28M	464.68M	500.56M	544.40M
Last Close Price	0.14	0.15	0.14	0.16	0.17
Valuation Multiples
PE Ratio	10.32	10.91	18.03	15.11	14.30
PS Ratio	2.97	3.14	3.41	3.62	3.92
PB Ratio	1.14	1.21	1.23	1.58	1.77
P/TBV Ratio	1.14	1.21	1.23	1.58	1.77
P/FCF Ratio	3.48	3.68	3.28	4.54	4.08
P/OCF Ratio	3.48	3.68	3.27	4.54	4.07
EV/Sales Ratio	8.26	8.38	9.55	9.51	10.32
EV/EBITDA Ratio	14.48	14.69	16.99	15.57	16.54
EV/EBIT Ratio	14.50	14.72	17.02	15.59	16.55
EV/FCF Ratio	9.67	9.82	9.19	11.94	10.75
Leverage & Capital
Debt / Equity Ratio	2.09	2.09	2.22	2.75	2.98
Debt / EBITDA Ratio	9.51	9.51	10.93	10.30	10.58
Debt / FCF Ratio	6.35	6.35	5.91	7.90	6.88
Net Debt / Equity Ratio	2.03	2.03	2.13	2.65	2.81
Net Debt / EBITDA Ratio	9.27	9.27	10.49	9.93	9.98
Net Debt / FCF Ratio	6.19	6.19	5.67	7.62	6.49
Efficiency & Liquidity
Asset Turnover	0.12	0.12	0.11	0.11	0.11
Quick Ratio	1.31	1.31	1.23	1.43	1.41
Current Ratio	1.34	1.34	1.25	1.45	1.43
Returns & Yields
Return on Equity (ROE)	+11.1%	+11.1%	+7.2%	+10.6%	+16.5%
Return on Assets (ROA)	+4.2%	+4.2%	+3.7%	+4.3%	+4.2%
Return on Capital Employed (ROCE)	+7.5%	+7.5%	+6.6%	+7.4%	+7.3%
Earnings Yield	+9.7%	+9.2%	+5.5%	+6.6%	+7.0%
FCF Yield	+28.7%	+27.2%	+30.5%	+22.0%	+24.5%
Dividend Yield	+5.0%	—	+4.2%	+3.1%	+10.2%
Payout Ratio	+51.2%	+55.1%	+59.4%	+83.3%	+133.7%
Total Shareholder Return	+5.0%	—	+4.2%	+3.1%	+10.2%