Independent Petroleum Group

Independent Petroleum Group SAK

IPGStocksBoursa KuwaitIndustrials

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	110.28M	106.66M	85.51M	75.93M	92.20M
Market Cap Growth	+9.3%	+24.7%	+12.6%	-17.6%	-13.3%
Enterprise Value	289.30M	193.46M	186.27M	230.48M	277.47M
Last Close Price	0.61	0.55	0.41	0.35	0.40
Valuation Multiples
PE Ratio	10.84	10.49	9.49	9.71	12.04
PS Ratio	0.12	0.12	0.07	0.07	0.06
PB Ratio	0.95	0.92	0.76	0.73	0.92
P/TBV Ratio	0.95	0.92	0.76	0.73	0.92
P/FCF Ratio	—	—	2.72	—	6.12
P/OCF Ratio	—	—	2.71	—	5.99
EV/Sales Ratio	0.33	0.22	0.15	0.22	0.17
EV/EBITDA Ratio	21.23	—	29.47	51.12	16.59
EV/EBIT Ratio	41.19	—	37.91	81.39	18.59
EV/FCF Ratio	-6.69	—	5.92	—	18.42
Leverage & Capital
Debt / Equity Ratio	2.06	2.06	2.10	2.27	2.47
Debt / EBITDA Ratio	122.19	122.19	20.51	22.79	11.84
Debt / FCF Ratio	—	—	7.48	—	16.43
Net Debt / Equity Ratio	1.54	1.54	1.21	1.50	1.38
Net Debt / EBITDA Ratio	-77.23	-77.23	21.56	34.72	8.23
Net Debt / FCF Ratio	-4.14	-4.14	4.33	-9.32	9.14
Efficiency & Liquidity
Asset Turnover	1.94	1.94	2.48	2.29	3.82
Inventory Turnover	46.66	46.66	43.81	26.58	31.63
Quick Ratio	0.67	0.67	0.74	0.74	0.62
Current Ratio	1.03	1.03	1.06	1.05	1.08
Returns & Yields
Return on Equity (ROE)	+8.9%	+8.9%	+8.3%	+7.6%	+7.6%
Return on Assets (ROA)	-0.6%	-0.6%	+0.6%	+0.4%	+2.2%
Return on Invested Capital (ROIC)	-1.6%	-1.4%	+1.9%	+1.1%	+6.5%
Return on Capital Employed (ROCE)	-3.6%	-3.6%	+3.5%	+2.1%	+10.1%
Earnings Yield	+9.2%	+9.5%	+10.5%	+10.3%	+8.3%
FCF Yield	-39.2%	-40.5%	+36.8%	-22.1%	+16.3%
Dividend Yield	+7.4%	+8.1%	+9.7%	+8.7%	+7.6%
Payout Ratio	+71.1%	+71.1%	+60.2%	+69.4%	+70.8%
Total Shareholder Return	+7.4%	+8.1%	+9.7%	+8.7%	+7.6%

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	110.28M	106.66M	85.51M	75.93M	92.20M
Market Cap Growth	+9.3%	+24.7%	+12.6%	-17.6%	-13.3%
Enterprise Value	289.30M	193.46M	186.27M	230.48M	277.47M
Last Close Price	0.61	0.55	0.41	0.35	0.40
Valuation Multiples
PE Ratio	10.84	10.49	9.49	9.71	12.04
PS Ratio	0.12	0.12	0.07	0.07	0.06
PB Ratio	0.95	0.92	0.76	0.73	0.92
P/TBV Ratio	0.95	0.92	0.76	0.73	0.92
P/FCF Ratio	—	—	2.72	—	6.12
P/OCF Ratio	—	—	2.71	—	5.99
EV/Sales Ratio	0.33	0.22	0.15	0.22	0.17
EV/EBITDA Ratio	21.23	—	29.47	51.12	16.59
EV/EBIT Ratio	41.19	—	37.91	81.39	18.59
EV/FCF Ratio	-6.69	—	5.92	—	18.42
Leverage & Capital
Debt / Equity Ratio	2.06	2.06	2.10	2.27	2.47
Debt / EBITDA Ratio	122.19	122.19	20.51	22.79	11.84
Debt / FCF Ratio	—	—	7.48	—	16.43
Net Debt / Equity Ratio	1.54	1.54	1.21	1.50	1.38
Net Debt / EBITDA Ratio	-77.23	-77.23	21.56	34.72	8.23
Net Debt / FCF Ratio	-4.14	-4.14	4.33	-9.32	9.14
Efficiency & Liquidity
Asset Turnover	1.94	1.94	2.48	2.29	3.82
Inventory Turnover	46.66	46.66	43.81	26.58	31.63
Quick Ratio	0.67	0.67	0.74	0.74	0.62
Current Ratio	1.03	1.03	1.06	1.05	1.08
Returns & Yields
Return on Equity (ROE)	+8.9%	+8.9%	+8.3%	+7.6%	+7.6%
Return on Assets (ROA)	-0.6%	-0.6%	+0.6%	+0.4%	+2.2%
Return on Invested Capital (ROIC)	-1.6%	-1.4%	+1.9%	+1.1%	+6.5%
Return on Capital Employed (ROCE)	-3.6%	-3.6%	+3.5%	+2.1%	+10.1%
Earnings Yield	+9.2%	+9.5%	+10.5%	+10.3%	+8.3%
FCF Yield	-39.2%	-40.5%	+36.8%	-22.1%	+16.3%
Dividend Yield	+7.4%	+8.1%	+9.7%	+8.7%	+7.6%
Payout Ratio	+71.1%	+71.1%	+60.2%	+69.4%	+70.8%
Total Shareholder Return	+7.4%	+8.1%	+9.7%	+8.7%	+7.6%