Financials Honey Bun (1982) Limited

Equities

HONBUN

JMP5178T1046

Food Processing

End-of-day quote JAMAICA STOCK EXCHANGE 03:30:00 13/05/2024 am IST 5-day change 1st Jan Change
7.61 JMD -3.67% Intraday chart for Honey Bun (1982) Limited -3.67% +18.91%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 1,862 3,299 2,262 4,058 3,681 3,195
Enterprise Value (EV) 1 1,792 3,130 1,992 3,675 3,406 2,799
P/E ratio 21.5 x 21.1 x 13.6 x 18.6 x 18.1 x 13.8 x
Yield 1.77% 1.14% 1.67% 2.94% 1.9% 2.51%
Capitalization / Revenue 1.41 x 2.14 x 1.35 x 1.89 x 1.25 x 0.94 x
EV / Revenue 1.36 x 2.03 x 1.19 x 1.71 x 1.15 x 0.82 x
EV / EBITDA 12.1 x 13.4 x 8.15 x 10.5 x 10.3 x 7.55 x
EV / FCF -1,229 x 36.9 x 37.5 x 26.6 x -113 x 17.3 x
FCF Yield -0.08% 2.71% 2.67% 3.75% -0.88% 5.78%
Price to Book 3.01 x 4.45 x 2.6 x 3.94 x 3.17 x 2.43 x
Nbr of stocks (in thousands) 4,71,267 4,71,267 4,71,267 4,71,267 4,71,267 4,71,267
Reference price 2 3.950 7.000 4.800 8.610 7.810 6.780
Announcement Date 30/11/18 29/11/19 27/11/20 30/11/21 27/01/23 02/01/24
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 1,317 1,544 1,675 2,145 2,953 3,413
EBITDA 1 148.1 233.3 244.6 351.1 329.3 370.6
EBIT 1 99.68 173.6 173 280.3 244.3 271.9
Operating Margin 7.57% 11.24% 10.33% 13.07% 8.27% 7.97%
Earnings before Tax (EBT) 1 98.1 182.6 191 290.2 254.4 284.5
Net income 1 86.42 156.5 166.7 218.7 203.5 232.1
Net margin 6.56% 10.13% 9.96% 10.19% 6.89% 6.8%
EPS 2 0.1834 0.3320 0.3538 0.4640 0.4318 0.4925
Free Cash Flow 1 -1.458 84.75 53.18 137.9 -30.05 161.8
FCF margin -0.11% 5.49% 3.18% 6.43% -1.02% 4.74%
FCF Conversion (EBITDA) - 36.32% 21.74% 39.29% - 43.66%
FCF Conversion (Net income) - 54.16% 31.89% 63.07% - 69.71%
Dividend per Share 2 0.0700 0.0800 0.0800 0.2530 0.1480 0.1700
Announcement Date 30/11/18 29/11/19 27/11/20 30/11/21 27/01/23 02/01/24
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 69.8 169 270 382 275 397
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -1.46 84.7 53.2 138 -30.1 162
ROE (net income / shareholders' equity) 14.9% 23% 20.7% 23% 18.6% 18.8%
ROA (Net income/ Total Assets) 8.34% 12.4% 10.7% 14.7% 10.7% 10.4%
Assets 1 1,036 1,259 1,561 1,493 1,901 2,230
Book Value Per Share 2 1.310 1.570 1.850 2.180 2.460 2.790
Cash Flow per Share 2 0.2100 0.4100 0.6300 0.8600 0.7400 0.9900
Capex 1 149 79.6 119 101 166 167
Capex / Sales 11.34% 5.16% 7.1% 4.73% 5.61% 4.91%
Announcement Date 30/11/18 29/11/19 27/11/20 30/11/21 27/01/23 02/01/24
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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