Financials Crescent Star Insurance Limited

Equities

CSIL

PK0003001010

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 03:30:00 15/05/2024 am IST 5-day change 1st Jan Change
2.6 PKR -6.14% Intraday chart for Crescent Star Insurance Limited +0.39% +13.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 184.2 231.5 303.7 220.8 168 246.6
Enterprise Value (EV) 1 189.4 234.5 295.8 206.5 162 241.7
P/E ratio -1.29 x 7.53 x 6.21 x 5.69 x 37.3 x 4.33 x
Yield - - - - - -
Capitalization / Revenue 0.89 x 1.29 x 1.86 x 1.47 x 0.87 x 0.82 x
EV / Revenue 0.91 x 1.31 x 1.82 x 1.38 x 0.84 x 0.8 x
EV / EBITDA -1.16 x 4.04 x 4.23 x 3.86 x 4.11 x 5.76 x
EV / FCF -3.08 x -7.82 x 4.34 x -43.2 x 10.1 x 1.81 x
FCF Yield -32.5% -12.8% 23.1% -2.31% 9.85% 55.3%
Price to Book 0.27 x 0.33 x 0.4 x 0.28 x 0.21 x 0.29 x
Nbr of stocks (in thousands) 1,07,695 1,07,695 1,07,695 1,07,695 1,07,695 1,07,695
Reference price 2 1.710 2.150 2.820 2.050 1.560 2.290
Announcement Date 12/04/19 21/05/20 08/04/21 07/04/22 07/04/23 04/04/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 207.2 179.1 162.9 149.8 192.7 301.3
EBITDA 1 -162.9 57.99 69.93 53.5 39.4 41.99
EBIT 1 -185 36.18 56.83 40.08 28.7 35.28
Operating Margin -89.29% 20.2% 34.89% 26.75% 14.89% 11.71%
Earnings before Tax (EBT) 1 -188.8 32.64 53.77 38.26 -18.76 21.98
Net income 1 -140.4 30.76 48.91 38.79 4.509 56.92
Net margin -67.78% 17.17% 30.03% 25.89% 2.34% 18.89%
EPS 2 -1.329 0.2856 0.4542 0.3602 0.0419 0.5285
Free Cash Flow 1 -61.49 -29.98 68.23 -4.778 15.96 133.7
FCF margin -29.68% -16.73% 41.89% -3.19% 8.28% 44.39%
FCF Conversion (EBITDA) - - 97.58% - 40.51% 318.52%
FCF Conversion (Net income) - - 139.51% - 353.96% 234.95%
Dividend per Share - - - - - -
Announcement Date 12/04/19 21/05/20 08/04/21 07/04/22 07/04/23 04/04/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5.27 2.97 - - - -
Net Cash position 1 - - 7.89 14.3 6.05 4.88
Leverage (Debt/EBITDA) -0.0323 x 0.0513 x - - - -
Free Cash Flow 1 -61.5 -30 68.2 -4.78 16 134
ROE (net income / shareholders' equity) -32.8% 2.91% 6.23% 4.37% -2.21% 7.18%
ROA (Net income/ Total Assets) -10.6% 2.13% 3.21% 2.15% 1.5% 1.8%
Assets 1 1,331 1,443 1,525 1,801 300.7 3,154
Book Value Per Share 2 6.250 6.510 6.970 7.360 7.440 8.020
Cash Flow per Share 2 0.0100 0.0200 0.1000 0.1300 0.0600 0.0500
Capex 1 33.7 - - 0.03 0.05 0.65
Capex / Sales 16.26% - - 0.02% 0.02% 0.22%
Announcement Date 12/04/19 21/05/20 08/04/21 07/04/22 07/04/23 04/04/24
1PKR in Million2PKR
Estimates
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