Financials Bayer CropScience Limited

Equities

BAYERCROP

INE462A01022

Agricultural Chemicals

Market Closed - Bombay S.E. 03:30:50 26/04/2024 pm IST 5-day change 1st Jan Change
5,525 INR -0.66% Intraday chart for Bayer CropScience Limited -3.35% -0.15%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,50,532 1,55,443 2,38,440 2,23,924 1,81,923 2,48,303 - -
Enterprise Value (EV) 1 1,47,249 1,44,748 2,26,345 2,16,050 1,73,243 2,39,522 2,38,794 2,37,908
P/E ratio 63.4 x 32.8 x 48.4 x 34.7 x 24 x 30.1 x 27.4 x 24.5 x
Yield 0.41% 0.72% 0.47% 0.5% 3.21% 2.67% 2.23% 2.44%
Capitalization / Revenue 5.6 x 4.31 x 5.6 x 4.73 x 3.54 x 4.57 x 4.17 x 3.8 x
EV / Revenue 5.48 x 4.01 x 5.31 x 4.56 x 3.37 x 4.41 x 4.01 x 3.64 x
EV / EBITDA 39.5 x 19.9 x 27.9 x 26.6 x 18.7 x 21.3 x 19.3 x 17.3 x
EV / FCF 41.2 x 22.7 x 35.1 x 128 x 32.3 x 43.4 x 34.8 x 30.4 x
FCF Yield 2.43% 4.41% 2.85% 0.78% 3.1% 2.3% 2.87% 3.29%
Price to Book 7.98 x 6.04 x 9.34 x 8.86 x 6.7 x 8 x 7.01 x 6.15 x
Nbr of stocks (in thousands) 34,334 44,942 44,942 44,942 44,942 44,942 - -
Reference price 2 4,384 3,459 5,306 4,982 4,048 5,525 5,525 5,525
Announcement Date 27/05/19 22/05/20 25/05/21 24/05/22 24/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 26,857 36,094 42,613 47,344 51,397 54,345 59,613 65,321
EBITDA 1 3,732 7,264 8,117 8,111 9,242 11,263 12,365 13,762
EBIT 1 3,390 6,611 7,382 7,466 8,447 10,618 11,568 12,968
Operating Margin 12.62% 18.32% 17.32% 15.77% 16.43% 19.54% 19.4% 19.85%
Earnings before Tax (EBT) 1 3,663 - 7,945 8,468 9,901 10,962 12,115 13,587
Net income 1 2,376 4,745 4,931 6,453 7,582 8,312 9,200 10,329
Net margin 8.85% 13.15% 11.57% 13.63% 14.75% 15.29% 15.43% 15.81%
EPS 2 69.20 105.6 109.7 143.6 168.7 183.5 201.9 225.7
Free Cash Flow 1 3,572 6,380 6,447 1,682 5,367 5,518 6,854 7,825
FCF margin 13.3% 17.68% 15.13% 3.55% 10.44% 10.15% 11.5% 11.98%
FCF Conversion (EBITDA) 95.71% 87.83% 79.43% 20.74% 58.07% 48.99% 55.43% 56.86%
FCF Conversion (Net income) 150.34% 134.46% 130.74% 26.07% 70.79% 66.39% 74.49% 75.76%
Dividend per Share 2 18.00 25.00 25.00 25.00 130.0 147.6 123.4 134.9
Announcement Date 27/05/19 22/05/20 25/05/21 24/05/22 24/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 26,094 9,182 7,337 14,159 13,651 9,901 9,633 16,674 14,519 10,379 9,825 17,396 15,689 10,919 10,078
EBITDA 1 6,230 1,060 827 3,223 2,218 663 2,007 3,951 2,379 854 2,058 4,246 2,679 1,064 2,241
EBIT 1 - 917 611 3,077 2,075 521 1,793 3,722 2,227 711 1,787 3,933 2,519 1,068 2,348
Operating Margin - 9.99% 8.33% 21.73% 15.2% 5.26% 18.61% 22.32% 15.34% 6.85% 18.19% 22.61% 16.06% 9.78% 23.3%
Earnings before Tax (EBT) 1 - 1,061 798 3,200 2,195 1,178 1,895 3,823 2,290 1,836 1,952 4,061 2,703 1,080 2,221
Net income 1 - -451 619 2,537 1,541 848 1,527 3,026 1,626 1,345 1,585 3,285 1,910 772 1,666
Net margin - -4.91% 8.44% 17.92% 11.29% 8.56% 15.85% 18.15% 11.2% 12.96% 16.13% 18.88% 12.18% 7.07% 16.53%
EPS 2 - -10.03 13.77 56.45 34.29 18.87 - 67.33 36.18 29.93 35.27 73.09 40.80 18.90 35.20
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 09/11/20 11/02/21 25/05/21 13/08/21 01/11/21 04/02/22 24/05/22 04/08/22 09/11/22 07/02/23 24/05/23 07/08/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 3,283 10,695 12,095 7,874 8,680 8,781 9,509 10,395
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,572 6,380 6,447 1,682 5,367 5,518 6,854 7,825
ROE (net income / shareholders' equity) 13% 24.1% 19.1% 25.4% 29% 28.1% 27.4% 27.4%
ROA (Net income/ Total Assets) - - 12.1% - - 17.7% 16.3% 15.2%
Assets 1 - - 40,636 - - 46,960 56,443 67,953
Book Value Per Share 2 549.0 572.0 568.0 562.0 604.0 691.0 788.0 899.0
Cash Flow per Share 2 117.0 148.0 153.0 47.90 136.0 144.0 195.0 215.0
Capex 1 446 413 420 473 726 812 842 874
Capex / Sales 1.66% 1.14% 0.99% 1% 1.41% 1.49% 1.41% 1.34%
Announcement Date 27/05/19 22/05/20 25/05/21 24/05/22 24/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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C+
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