Financials Caribbean Assurance Brokers Limited

Equities

CABROKERS

JME202000035

End-of-day quote JAMAICA STOCK EXCHANGE 03:30:00 14/06/2024 am IST 5-day change 1st Jan Change
3.55 JMD -5.84% Intraday chart for Caribbean Assurance Brokers Limited -7.79% +60.63%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 496.1 630 567 580.1
Enterprise Value (EV) 1 423.7 471.4 331.6 329.8
P/E ratio 14.5 x 11.2 x 7.27 x 4.7 x
Yield - 0.53% 1.24% -
Capitalization / Revenue 1.26 x 1.49 x 1.21 x 1.16 x
EV / Revenue 1.08 x 1.11 x 0.71 x 0.66 x
EV / EBITDA 8.62 x 7.11 x 3.85 x 2.72 x
EV / FCF -104 x 7.91 x 6.71 x 16.1 x
FCF Yield -0.96% 12.6% 14.9% 6.2%
Price to Book 1.49 x 1.62 x 1.22 x 1 x
Nbr of stocks (in thousands) 2,62,500 2,62,500 2,62,500 2,62,500
Reference price 2 1.890 2.400 2.160 2.210
Announcement Date 01/03/21 28/04/22 01/03/23 03/05/24
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 426.5 428.5 393.4 423.4 469.2 501.9
EBITDA 1 55.4 59.29 49.16 66.34 86.14 121.3
EBIT 1 45.11 48.37 40.48 54.68 75.49 110.5
Operating Margin 10.58% 11.29% 10.29% 12.91% 16.09% 22.02%
Earnings before Tax (EBT) 1 43.06 46.3 37.59 57.1 75.42 124.1
Net income 1 32.82 38.63 31.55 56.13 77.99 123.5
Net margin 7.7% 9.02% 8.02% 13.26% 16.62% 24.6%
EPS 2 0.1563 0.1840 0.1300 0.2138 0.2971 0.4703
Free Cash Flow 1 18.52 -52.4 -4.084 59.59 49.45 20.45
FCF margin 4.34% -12.23% -1.04% 14.07% 10.54% 4.07%
FCF Conversion (EBITDA) 33.44% - - 89.84% 57.4% 16.86%
FCF Conversion (Net income) 56.44% - - 106.16% 63.41% 16.56%
Dividend per Share - - - 0.0128 0.0267 -
Announcement Date 07/02/20 16/03/20 01/03/21 28/04/22 01/03/23 03/05/24
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 9.96 - - - -
Net Cash position 1 56.6 - 72.5 159 235 250
Leverage (Debt/EBITDA) - 0.168 x - - - -
Free Cash Flow 1 18.5 -52.4 -4.08 59.6 49.4 20.4
ROE (net income / shareholders' equity) 28.8% 22.6% 11.6% 15.6% 18.3% 23.7%
ROA (Net income/ Total Assets) 9.62% 7.7% 4.74% 5.61% 7.08% 7.92%
Assets 1 341 501.6 666.3 1,001 1,102 1,559
Book Value Per Share 2 0.6200 1.010 1.270 1.480 1.760 2.210
Cash Flow per Share 2 0.1500 0.3600 0.5900 0.7700 0.9700 1.110
Capex 1 3.76 156 30.7 1.13 7.66 5.71
Capex / Sales 0.88% 36.34% 7.81% 0.27% 1.63% 1.14%
Announcement Date 07/02/20 16/03/20 01/03/21 28/04/22 01/03/23 03/05/24
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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