Financials Gamma-Civic Ltd

Equities

GCL.N0000

MU0042N00005

Construction & Engineering

End-of-day quote Mauritius S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
33 MUR 0.00% Intraday chart for Gamma-Civic Ltd -2.94% -4.35%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 4,264 4,864 4,857 3,858 5,696 5,050
Enterprise Value (EV) 1 4,848 4,878 5,249 4,240 6,568 5,932
P/E ratio 17.5 x 14.3 x 10.8 x 23.6 x 18.9 x 12.2 x
Yield 2.81% 3.42% 5.49% 4.53% 4.68% 5.94%
Capitalization / Revenue 1.04 x 1.49 x 1.3 x 1.04 x 1.27 x 0.91 x
EV / Revenue 1.18 x 1.5 x 1.4 x 1.14 x 1.47 x 1.07 x
EV / EBITDA 10.3 x 9.33 x 12.8 x 15.1 x 23.4 x 16.3 x
EV / FCF 9.76 x 26.5 x 39.4 x -347 x -11.2 x 9.89 x
FCF Yield 10.3% 3.77% 2.54% -0.29% -8.92% 10.1%
Price to Book 1.62 x 1.56 x 1.4 x 1.12 x 1.62 x 1.37 x
Nbr of stocks (in thousands) 1,33,250 1,33,250 1,33,250 1,33,250 1,33,250 1,33,250
Reference price 2 32.00 36.50 36.45 28.95 42.75 37.90
Announcement Date 15/05/18 24/04/19 20/03/20 13/08/21 30/03/22 31/05/23
1MUR in Million2MUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,111 3,262 3,750 3,706 4,471 5,553
EBITDA 1 469.6 522.7 409.7 280.2 281.1 363.8
EBIT 1 363.6 425.6 318.8 209.2 213.2 276.1
Operating Margin 8.85% 13.05% 8.5% 5.64% 4.77% 4.97%
Earnings before Tax (EBT) 1 378.4 533.4 683.9 282.3 403.7 544.8
Net income 1 244.1 339.5 448.4 163.4 301 412.6
Net margin 5.94% 10.41% 11.96% 4.41% 6.73% 7.43%
EPS 2 1.832 2.548 3.365 1.226 2.259 3.097
Free Cash Flow 1 497 183.8 133.3 -12.22 -586.2 600.1
FCF margin 12.09% 5.64% 3.56% -0.33% -13.11% 10.81%
FCF Conversion (EBITDA) 105.83% 35.17% 32.54% - - 164.96%
FCF Conversion (Net income) 203.57% 54.14% 29.74% - - 145.43%
Dividend per Share 2 0.9000 1.250 2.000 1.310 2.000 2.250
Announcement Date 15/05/18 24/04/19 20/03/20 13/08/21 30/03/22 31/05/23
1MUR in Million2MUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 584 14.1 392 382 872 882
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.244 x 0.0269 x 0.9562 x 1.364 x 3.102 x 2.425 x
Free Cash Flow 1 497 184 133 -12.2 -586 600
ROE (net income / shareholders' equity) 11.6% 14.2% 17% 6.23% 9.79% 12.7%
ROA (Net income/ Total Assets) 4.16% 5.04% 3.54% 2.15% 1.97% 2.28%
Assets 1 5,869 6,736 12,650 7,587 15,302 18,093
Book Value Per Share 2 19.80 23.50 26.00 25.80 26.40 27.70
Cash Flow per Share 2 3.810 4.770 3.700 4.900 8.440 8.380
Capex 1 33.3 105 115 165 92.4 68.2
Capex / Sales 0.81% 3.22% 3.06% 4.44% 2.07% 1.23%
Announcement Date 15/05/18 24/04/19 20/03/20 13/08/21 30/03/22 31/05/23
1MUR in Million2MUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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