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Definitive Analysis

Financial Statements

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Page: Company Financials

Aqaseem Factory for Chemicals and Plastics Co.

Ticker: 9539.SR | Industry: Oil & Gas Refining & Marketing | Sector: Energy
$4.44 +0.02 (0.45%)
As of: 2026-01-27

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Enterprise Value

Metric 2024 2023 2022 2021 2020
Stock Price 7.37 6.97 7.00 6.24 6.24
Market Capitalization 119.11M 17.43M 17.50M 15.60M 15.60M
(-) Cash & Equivalents 2.83M 6.77M 3.69M 1.62M 2.12M
(+) Total Debt 40.30M 29.97M 14.18M 7.57M 3.33M
Enterprise Value 156.58M 40.63M 27.99M 21.55M 16.81M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 297M 268M 165M 151M 141M 99M 70M
Cost of Revenue 224M 211M 128M 112M 111M 75M 51M
Gross Profit 73M 57M 37M 39M 29M 24M 19M
Gross Profit Margin 24.5% 21.2% 22.5% 26.0% 20.7% 24.2% 26.7%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 32M 33M 13M 27M 21M 14M 12M
Operating Expenses 57M 39M 31M 27M 22M 16M 11M
Operating Income (EBIT) 16M 18M 6M 13M 7M 8M 8M
Operating Income Margin 5.4% 6.6% 3.4% 8.4% 5.1% 7.7% 11.5%
Interest Income 0M 0M 0M 0M 0M 0M 0M
Interest Expense 7M 1M 4M 3M 1M 1M 0M
Net Interest Income -7M -1M -4M -3M -1M -1M 0M
Unusual Items 0M -3M 0M 1M 1M 1M 0M
EBT Excluding Unusual Items 9M 17M 2M 10M 6M 7M 8M
Pre-Tax Income 9M 14M 2M 11M 7M 8M 8M
Pre-Tax Margin 3.1% 5.2% 1.2% 7.4% 5.0% 8.0% 11.4%
Income Tax Expense 2M 2M 1M 1M 1M 1M 0M
Net Income 8M 15M 1M 10M 6M 7M 8M
Net Income Margin 2.6% 5.6% 0.8% 6.7% 4.3% 7.3% 10.8%
Depreciation & Amortization 6M 5M 5M 2M 3M 3M 2M
EBITDA 22M 23M 11M 15M 10M 11M 10M
EBITDA Margin 7.5% 8.5% 6.5% 9.7% 7.2% 10.9% 14.9%
NOPAT 13M 15M 4M 12M 6M 7M 8M
NOPAT Margin 4.4% 5.7% 2.2% 7.6% 4.4% 7.0% 10.9%
Owner's Earnings -4M 15M 5M -4M 7M 5M 10M
Owner's Earnings Margin -1.5% 5.8% 3.1% -2.8% 4.9% 4.8% 13.6%
EPS (Basic) 3.68 24.13 0.53 4.06 2.41 2.89 3.03
EPS (Diluted) 0.56 6.02 0.53 4.06 2.41 2.89 3.03
Shares (Basic) 14M 3M 3M 3M 3M 3M 3M
Shares (Diluted) 14M 3M 3M 3M 3M 3M 3M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash & Cash Equivalents 36.65M 3.52M 3.52M 8.40M 5.53M 3.24M 4.24M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 36.65M 3.52M 3.52M 8.40M 5.53M 3.24M 4.24M
Net Receivables 52.71M 55.84M 55.84M 55.56M 42.02M 33.23M 18.80M
Inventory 18.50M 18.97M 18.97M 15.21M 16.58M 14.31M 10.23M
Other Current Assets 0.00M 0.00M 0.00M 1.72M -11.22M 1.09M 0.00M
Total Current Assets 107.86M 78.33M 78.33M 80.89M 52.91M 51.87M 33.26M
Property, Plant & Equipment 29.04M 32.82M 32.82M 27.53M 14.64M 15.56M 9.22M
Goodwill 6.00M 0.00M 0.00M 0.00M 0.00M 6.00M 6.00M
Intangible Assets 0.00M 6.00M 6.00M 6.00M 6.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 35.04M 38.82M 38.82M 33.53M 20.64M 21.56M 15.22M
Total Assets 142.91M 117.15M 117.15M 114.42M 73.55M 73.43M 48.49M
Accounts Payable 16.41M 21.77M 21.77M 1.19M 30.06M 13.87M 6.43M
Short-Term Debt 19.92M 27.67M 27.67M 21.70M 10.72M 5.47M 4.91M
Tax Payables 0.00M 0.64M 0.64M 0.63M 1.01M 0.71M 0.44M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 1.24M 2.96M 1.04M
Other Current Liabilities 0.46M 3.12M 3.12M 23.18M 2.57M 0.51M 0.72M
Total Current Liabilities 36.79M 53.21M 53.21M 46.70M 45.59M 23.53M 13.54M
Long-Term Debt 50.00M 3.06M 3.06M 6.37M 1.41M 5.39M 0.00M
Capital Lease Obligations 11.24M 9.78M 9.78M 4.91M 3.43M 4.28M 1.28M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 2.05M 2.11M 2.11M 1.99M 1.47M 1.03M 0.80M
Total Non-Current Liabilities 63.29M 14.95M 14.95M 13.27M 6.31M 10.70M 2.08M
Total Liabilities 100.08M 68.15M 68.15M 59.98M 51.90M 34.22M 15.62M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 25.00M 25.00M 25.00M 25.00M 25.00M 25.00M 25.00M
Retained Earnings 29.34M 24.04M 24.04M 27.85M 18.73M 13.31M 6.81M
Accumulated OCI -0.31M 3.28M 3.28M 3.12M 2.04M 1.63M 0.91M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 54.04M 52.32M 52.32M 55.97M 45.77M 39.94M 32.72M
Total Equity 54.04M 52.32M 52.32M 55.97M 45.77M 39.94M 32.72M
Total Liabilities & Equity 154.12M 120.47M 120.47M 115.95M 97.67M 74.16M 48.34M
Tangible Assets 136.91M 111.15M 111.15M 108.42M 67.55M 67.43M 42.49M
Tangible Equity 48.04M 46.32M 46.32M 49.97M 39.77M 33.94M 26.72M
Tangible Book Value 48.04M 46.32M 46.32M 49.97M 39.77M 33.94M 26.72M
Total Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Debt 33.27M 27.20M 27.20M 19.67M 6.60M 7.62M 0.67M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Working Capital 79.2M 24.9M 24.9M 33.9M 29.7M 27.4M 19.6M
Total Capital 135.2M 92.8M 92.8M 89.0M 61.3M 55.1M 39.4M
Capital Employed 114.2M 63.7M 63.7M 67.4M 50.4M 49.0M 34.8M
Invested Capital 98.6M 89.3M 89.3M 80.6M 55.8M 51.8M 35.2M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Net Income 7.61M 15.05M 2.02M 10.14M 6.02M 7.22M 7.57M
Depreciation & Amortization 9.50M 6.08M 5.13M 3.13M 2.85M 3.23M 2.40M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 6.78M -35.22M -5.32M -13.38M -6.03M -10.87M -4.93M
Accounts Receivable 1.55M -48.53M -13.29M -10.45M -17.61M -16.66M -3.01M
Inventory -2.05M -3.09M -3.76M 1.37M -2.27M -4.82M -2.34M
Accounts Payable 27.36M 18.21M 0.54M -8.82M 13.97M 10.64M 0.49M
Other Working Capital -20.08M -3.24M 11.18M 7.28M -0.11M -0.03M -0.06M
Other Non-Cash Items -11.44M 23.64M 5.08M 4.21M 0.77M 0.71M 0.28M
Net Cash from Operating Activities 12.45M -10.19M 6.90M 4.10M 3.62M 0.29M 5.33M
Capital Expenditures (PPE) -18.17M -4.71M -1.26M -16.40M -1.94M -5.67M -0.43M
Acquisitions (Net) 0.06M 0.00M 0.00M 2.75M 0.00M 0.00M 0.07M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 2.75M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -18.11M -1.96M -1.26M -13.65M -1.94M -5.67M -0.36M
Net Debt Issuance 52.13M -6.33M 2.65M 17.62M 1.57M 5.95M -0.50M
Long-Term Debt Issuance 27.95M -6.33M 2.65M 10.00M 1.57M 5.95M -0.50M
Short-Term Debt Issuance 24.17M 0.00M 0.00M 7.62M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M -1.38M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M -0.01M -1.38M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -5.00M 0.00M -5.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid -5.00M 0.00M -5.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -9.85M 14.71M -8.17M -5.20M -0.97M -1.56M -0.52M
Net Cash from Financing Activities 37.27M 8.38M -10.52M 12.42M 0.60M 4.38M -2.41M
Effect of FX on Cash -20.11M 3.24M 0.00M 0.00M 0.00M 0.00M 1.68M
Net Change in Cash 11.50M -3.39M -4.88M 2.87M 2.29M -0.99M 4.24M
Cash at Beginning of Period 15.69M 19.55M 8.40M 5.53M 3.24M 4.24M 1.68M
Cash at End of Period 43.94M 16.15M 3.52M 8.40M 5.53M 3.24M 4.24M
Operating Cash Flow 17.85M -10.19M 6.90M 4.10M 3.62M 0.29M 5.33M
Capital Expenditure -18.17M -4.71M -1.26M -16.40M -1.94M -5.67M -0.43M
Free Cash Flow -0.31M -14.91M 5.65M -12.30M 1.68M -5.37M 4.90M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
EBITDA 47.48M 29.06M 29.46M 14.66M 11.03M 12.90M 9.24M
(-) Tax Adjustment 8.45M 3.96M 10.29M 1.34M 1.55M 1.13M 0.49M
(-) Change In Working Capital 6.78M -35.22M -5.32M -13.38M -6.03M -10.87M -4.93M
(-) Capital Expenditure -18.17M -4.71M -1.26M -16.40M -1.94M -5.67M -0.43M
Unlevered Free Cash Flow 14.01M 55.61M 23.23M 10.31M 13.56M 16.98M 13.26M
(-) Net Interest Income After Taxes -5.86M -0.83M -2.48M -2.40M -1.00M -0.67M -0.28M
Net Debt Issuance 52.13M -6.33M 2.65M 17.62M 1.57M 5.95M -0.50M
Levered Free Cash Flow 72.00M 50.11M 28.36M 30.33M 16.14M 23.60M 13.03M