Financials Fu-Wang Ceramic Industry Limited

Equities

FUWANGCER

BD0632FWCR08

Construction Supplies & Fixtures

End-of-day quote Dhaka S.E. 03:30:00 23/05/2024 am IST 5-day change 1st Jan Change
19.5 BDT -2.50% Intraday chart for Fu-Wang Ceramic Industry Limited -10.55% +2.63%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 1,883 1,676 913 2,071 2,630 2,371
Enterprise Value (EV) 1 2,433 2,477 1,794 2,941 4,489 9,452
P/E ratio 22.4 x 20.7 x 14.3 x 44.7 x 83.6 x 65.9 x
Yield - 0.81% 2.09% 1.32% 1.04% 1.15%
Capitalization / Revenue 3.29 x 2.82 x 1.56 x 2.7 x 3.12 x 2.6 x
EV / Revenue 4.25 x 4.16 x 3.06 x 3.83 x 5.33 x 10.4 x
EV / EBITDA 13.4 x 11.4 x 7.83 x 13.7 x 19.3 x 36.6 x
EV / FCF -15.2 x -8.67 x -17.5 x 256 x -4.56 x -1.81 x
FCF Yield -6.57% -11.5% -5.71% 0.39% -21.9% -55.3%
Price to Book 1.31 x 1.1 x 0.58 x 1.3 x 1.64 x 1.46 x
Nbr of stocks (in thousands) 1,36,269 1,36,269 1,36,269 1,36,269 1,36,269 1,36,269
Reference price 2 13.82 12.30 6.700 15.20 19.30 17.40
Announcement Date 13/12/18 27/10/19 21/04/21 19/12/21 10/12/22 18/12/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 572.6 595.2 585.6 767.1 842.6 911.4
EBITDA 1 181.1 216.9 229.3 215.1 232.2 258.3
EBIT 1 137.1 163 161.6 146.7 162.8 188.6
Operating Margin 23.95% 27.38% 27.6% 19.12% 19.32% 20.7%
Earnings before Tax (EBT) 1 112.8 110.9 83.98 48.39 44.28 46.74
Net income 1 84.08 80.78 63.65 46.36 31.47 36
Net margin 14.68% 13.57% 10.87% 6.04% 3.73% 3.95%
EPS 2 0.6170 0.5928 0.4671 0.3402 0.2309 0.2642
Free Cash Flow 1 -159.8 -285.5 -102.4 11.51 -984.9 -5,224
FCF margin -27.9% -47.97% -17.49% 1.5% -116.89% -573.26%
FCF Conversion (EBITDA) - - - 5.35% - -
FCF Conversion (Net income) - - - 24.81% - -
Dividend per Share - 0.1000 0.1400 0.2000 0.2000 0.2000
Announcement Date 13/12/18 27/10/19 21/04/21 19/12/21 10/12/22 18/12/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 550 801 881 870 1,859 7,081
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.035 x 3.691 x 3.844 x 4.046 x 8.006 x 27.41 x
Free Cash Flow 1 -160 -286 -102 11.5 -985 -5,224
ROE (net income / shareholders' equity) 6.02% 5.46% 4.12% 2.93% 1.97% 2.23%
ROA (Net income/ Total Assets) 4.24% 4.38% 3.73% 3.02% 2.79% 1.76%
Assets 1 1,984 1,843 1,705 1,535 1,127 2,047
Book Value Per Share 2 10.60 11.20 11.50 11.70 11.80 11.90
Cash Flow per Share 2 0.1500 0.0800 0.0500 0.0700 0.0300 0.2500
Capex 1 170 302 88.8 45.1 397 4,365
Capex / Sales 29.75% 50.79% 15.17% 5.88% 47.08% 478.92%
Announcement Date 13/12/18 27/10/19 21/04/21 19/12/21 10/12/22 18/12/23
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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