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JOEP

Jordanian Electric Power ASE:JOEP Stock Report

Last Price

د.أ2.03

Market Cap

د.أ179.1m

7D

-1.0%

1Y

72.0%

Updated

16 Aug, 2022

Data

Company Financials
JOEP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends1/6

JOEP Stock Overview

The Jordanian Electric Power Company Limited distributes electricity in Jordan.

Jordanian Electric Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jordanian Electric Power
Historical stock prices
Current Share Priceد.أ2.03
52 Week Highد.أ2.16
52 Week Lowد.أ1.13
Beta0.14
1 Month Change8.56%
3 Month Change37.16%
1 Year Change72.03%
3 Year Change66.46%
5 Year Change17.11%
Change since IPO343.26%

Recent News & Updates

Shareholder Returns

JOEPJO Electric UtilitiesJO Market
7D-1.0%2.2%1.6%
1Y72.0%20.2%29.5%

Return vs Industry: JOEP exceeded the JO Electric Utilities industry which returned 20.2% over the past year.

Return vs Market: JOEP exceeded the JO Market which returned 29.5% over the past year.

Price Volatility

Is JOEP's price volatile compared to industry and market?
JOEP volatility
JOEP Average Weekly Movement7.2%
Electric Utilities Industry Average Movement4.8%
Market Average Movement4.4%
10% most volatile stocks in JO Market6.5%
10% least volatile stocks in JO Market2.4%

Stable Share Price: JOEP is more volatile than 90% of JO stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: JOEP's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of JO stocks.

About the Company

FoundedEmployeesCEOWebsite
19382,435Nader Aazarhttps://www.jepco.com.jo

The Jordanian Electric Power Company Limited distributes electricity in Jordan. The company was founded in 1938 and is headquartered in Amman, Jordan.

Jordanian Electric Power Fundamentals Summary

How do Jordanian Electric Power's earnings and revenue compare to its market cap?
JOEP fundamental statistics
Market Capد.أ179.11m
Earnings (TTM)-د.أ470.98k
Revenue (TTM)د.أ892.02m

0.2x

P/S Ratio

-380.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JOEP income statement (TTM)
Revenueد.أ892.02m
Cost of Revenueد.أ763.38m
Gross Profitد.أ128.64m
Other Expensesد.أ129.11m
Earnings-د.أ470.98k

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0053
Gross Margin14.42%
Net Profit Margin-0.052%
Debt/Equity Ratio496.1%

How did JOEP perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

-914%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JOEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JOEP?

Other financial metrics that can be useful for relative valuation.

JOEP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA15x
PEG Ration/a

Price to Sales Ratio vs Peers

How does JOEP's PS Ratio compare to its peers?

JOEP PS Ratio vs Peers
The above table shows the PS ratio for JOEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.4x
IREL Irbid District Electricity
0.4xn/aد.أ103.5m
DVEC FAR-EASTERN ENERGY
0.1xn/a₽14.8b
MRKU Interregional Distribution Grid Company of Urals
0.1xn/a₽13.3b
HLZ Holaluz-Clidom
0.9x15.9%€211.5m
JOEP Jordanian Electric Power
0.2xn/aد.أ179.1m

Price-To-Sales vs Peers: JOEP is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).


Price to Earnings Ratio vs Industry

How does JOEP's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

Price-To-Sales vs Industry: JOEP is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Electric Utilities industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is JOEP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JOEP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate JOEP's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of JOEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JOEP (JOD2.03) is trading above our estimate of fair value (JOD0.73)

Significantly Below Fair Value: JOEP is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Jordanian Electric Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.1%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jordanian Electric Power has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of JOEP’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Jordanian Electric Power performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-22.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JOEP is currently unprofitable.

Growing Profit Margin: JOEP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JOEP is unprofitable, and losses have increased over the past 5 years at a rate of 22.9% per year.

Accelerating Growth: Unable to compare JOEP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JOEP is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (3.2%).


Return on Equity

High ROE: JOEP has a negative Return on Equity (-0.43%), as it is currently unprofitable.


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Financial Health

How is Jordanian Electric Power's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JOEP's short term assets (JOD632.4M) do not cover its short term liabilities (JOD632.4M).

Long Term Liabilities: JOEP's short term assets (JOD632.4M) exceed its long term liabilities (JOD335.5M).


Debt to Equity History and Analysis

Debt Level: JOEP's net debt to equity ratio (492.6%) is considered high.

Reducing Debt: JOEP's debt to equity ratio has increased from 202.2% to 496.1% over the past 5 years.

Debt Coverage: JOEP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JOEP's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


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Dividend

What is Jordanian Electric Power current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JOEP's dividend (4.43%) is higher than the bottom 25% of dividend payers in the JO market (4.02%).

High Dividend: JOEP's dividend (4.43%) is low compared to the top 25% of dividend payers in the JO market (6.41%).


Stability and Growth of Payments

Stable Dividend: JOEP's dividend payments have been volatile in the past 10 years.

Growing Dividend: JOEP's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: JOEP is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

11.3yrs

Average management tenure


CEO

Nader Aazar

no data

Tenure

Mr. Nader Aazar serves as the Chief Executive Officer of Jordanian Electric Power Company Limited.


Leadership Team

Experienced Management: JOEP's management team is seasoned and experienced (11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Jordanian Electric Power Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Jordanian Electric Power Company Limited
  • Ticker: JOEP
  • Exchange: ASE
  • Founded: 1938
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: د.أ179.111m
  • Shares outstanding: 88.23m
  • Website: https://www.jepco.com.jo

Number of Employees


Location

  • The Jordanian Electric Power Company Limited
  • Ragadan Building
  • Mecca Street
  • Amman
  • 11118
  • Jordan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.