- Adnoc Gas’s first quarter revenue in 2024 was worth $6.01 billion, an increase of 16% compared to the same period in the previous year.
- The company’s EBITDA was $2.08 billion, with a notable increase of 17% year on year.
- The EBITDA margin was 34.5%, slightly higher than the 34% in the previous year.
- The free cash flow recorded a significant jump of 47%, reaching $1.18 billion.
- Capital expenditure drastically increased to $387 million from the former $174 million year on year.
- Notable factors contributing to these positive figures include robust sales volumes and ongoing margin improvements in Adnoc Gas’s domestic operations.
- The company has ambitious expansion plans and intends to invest more than $13 billion in both domestic and international growth opportunities within the period of 2024-2028.
- Adnoc Gas’s strategic plan includes seeking growth in international markets and acquiring new positions in the gas value chain, specifically in Europe, India, China, and South-East Asia.
- Investors exhibit strong confidence in the firm’s growth potential and performance, with 9 buying positions, 1 hold position and no selling positions to date.
A look at Abu Dhabi National Oil for Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Abu Dhabi National Oil Company for Distribution PJSC’s long-term outlook shows a balanced profile across various factors, as indicated by the Smartkarma Smart Scores. With a strong emphasis on dividends and moderate scores in growth and momentum, the company is positioned to provide consistent returns to its investors. While the value and resilience scores are slightly lower, the company’s strategic focus on dividends and steady growth projects a stable outlook for the future.
As a market leader in distributing petroleum products globally, Abu Dhabi National Oil Company for Distribution PJSC offers a wide range of services, including lubricants, liquid propane, greases, and natural gas. The company’s comprehensive service stations cater to various needs such as refueling, oil changes, parts replacement, and car washing services. With a solid foundation in place and a focus on delivering dividends, the company demonstrates resilience and potential for growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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