Financials Airtel Uganda Limited

Equities

AIRTEL UGANDA

UG0000001582

Wireless Telecommunications Services

End-of-day quote UGANDA SECURITIES EXCHANGE 03:30:00 07/06/2024 am IST 5-day change 1st Jan Change
74.36 UGX 0.00% Intraday chart for Airtel Uganda Limited -0.85% -20.69%

Valuation

Fiscal Period: December 2023
Capitalization 1 37,50,400
Enterprise Value (EV) 1 51,94,450
P/E ratio 12.6 x
Yield 2.29%
Capitalization / Revenue 2.1 x
EV / Revenue 2.91 x
EV / EBITDA 6.67 x
EV / FCF 14.8 x
FCF Yield 6.73%
Price to Book 29.6 x
Nbr of stocks (in thousands) 4,00,00,000
Reference price 2 93.76
Announcement Date 01/04/24
1UGX in Million2UGX
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 12,10,726 12,71,530 15,53,913 16,53,296 15,99,898 17,83,960
EBITDA 1 6,10,251 6,30,080 8,03,501 8,97,143 7,83,929 7,78,248
EBIT 1 4,61,317 4,95,917 6,52,804 7,30,455 6,15,554 5,91,654
Operating Margin 38.1% 39% 42.01% 44.18% 38.47% 33.17%
Earnings before Tax (EBT) 1 4,32,338 4,50,215 5,81,614 6,60,727 4,73,600 4,26,885
Net income 1 3,38,082 3,16,675 4,05,868 4,59,575 3,25,703 2,96,950
Net margin 27.92% 24.91% 26.12% 27.8% 20.36% 16.65%
EPS 2 24,011 22,491 28,826 - 23,132 7.424
Free Cash Flow 1 3,28,760 1,41,013 1,57,538 6,24,885 3,12,238 3,49,795
FCF margin 27.15% 11.09% 10.14% 37.8% 19.52% 19.61%
FCF Conversion (EBITDA) 53.87% 22.38% 19.61% 69.65% 39.83% 44.95%
FCF Conversion (Net income) 97.24% 44.53% 38.82% 135.97% 95.87% 117.8%
Dividend per Share 2 16,000 20,850 28,300 - 23,150 2.150
Announcement Date 26/03/19 24/03/20 30/03/21 02/03/23 02/03/23 01/04/24
1UGX in Million2UGX
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 13,59,370 8,30,353 10,82,723 9,88,851 12,84,475 14,44,050
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.228 x 1.318 x 1.348 x 1.102 x 1.639 x 1.856 x
Free Cash Flow 1 3,28,760 1,41,013 1,57,538 6,24,885 3,12,238 3,49,795
ROE (net income / shareholders' equity) 176% 224% 271% 290% 232% 237%
ROA (Net income/ Total Assets) 18% 19.3% 27% 27.2% 21.2% 17.7%
Assets 1 18,74,183 16,40,438 15,02,230 16,89,310 15,34,265 16,74,722
Book Value Per Share 2 10,169 9,871 11,397 - 8,797 3.170
Cash Flow per Share 2 987.0 3,374 2,433 - 2,500 0.8600
Capex 1 1,65,178 2,11,074 1,78,320 1,25,506 2,41,163 2,42,298
Capex / Sales 13.64% 16.6% 11.48% 7.59% 15.07% 13.58%
Announcement Date 26/03/19 24/03/20 30/03/21 02/03/23 02/03/23 01/04/24
1UGX in Million2UGX
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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