Financials Kingston Properties Limited

Equities

KPREIT

JMP607311090

Commercial REITs

End-of-day quote JAMAICA STOCK EXCHANGE 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
8.5 JMD +1.19% Intraday chart for Kingston Properties Limited +6.38% +8.97%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15.23 34.14 34.84 39.93 50.14 44.89
Enterprise Value (EV) 2 950.9 28.25 43.7 54.47 56.56 63.93
P/E ratio 0.45 x 8.14 x 56.9 x 13.2 x 11.7 x 9.66 x
Yield 161% 2.78% 2.44% 2.48% 3.09% 2.68%
Capitalization / Revenue 0.07 x 20.2 x 16.4 x 13.4 x 14.4 x 11.3 x
EV / Revenue 4.66 x 16.7 x 20.5 x 18.3 x 16.2 x 16 x
EV / EBITDA 11.9 x 36.2 x 38.4 x 29 x 27.3 x 27.2 x
EV / FCF -8.87 x 37.1 x 38.7 x -37 x -29.5 x 15.3 x
FCF Yield -11.3% 2.7% 2.59% -2.7% -3.39% 6.52%
Price to Book 0.01 x 1.13 x 1.14 x 1.22 x 1.12 x 0.94 x
Nbr of stocks (in thousands) 3,21,993 6,77,712 6,77,662 6,77,653 8,84,609 8,84,000
Reference price 3 0.0473 0.0504 0.0514 0.0589 0.0567 0.0508
Announcement Date 01/03/19 28/02/20 02/03/21 03/03/22 01/03/23 01/03/24
1USD in Million2JMD in Million3USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 204.1 1.69 2.131 2.981 3.482 3.984
EBITDA 1 80.14 0.7801 1.137 1.876 2.07 2.352
EBIT 1 79.27 0.7722 1.125 1.858 2.05 2.332
Operating Margin 38.84% 45.69% 52.78% 62.32% 58.89% 58.54%
Earnings before Tax (EBT) 1 -8.814 1.999 0.5973 3.097 3.884 4.669
Net income 1 33.94 2.199 0.6127 3.018 3.8 4.648
Net margin 16.63% 130.13% 28.76% 101.24% 109.14% 116.66%
EPS 2 0.1054 0.006191 0.000904 0.004454 0.004865 0.005257
Free Cash Flow 1 -107.1 0.7618 1.13 -1.472 -1.919 4.171
FCF margin -52.5% 45.07% 53.04% -49.36% -55.13% 104.69%
FCF Conversion (EBITDA) - 97.66% 99.39% - - 177.32%
FCF Conversion (Net income) - 34.64% 184.45% - - 89.74%
Dividend per Share 2 0.0760 0.001400 0.001254 0.001464 0.001750 0.001363
Announcement Date 01/03/19 28/02/20 02/03/21 03/03/22 01/03/23 01/03/24
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 936 - 8.85 14.5 6.42 19
Net Cash position 1 - 5.89 - - - -
Leverage (Debt/EBITDA) 11.68 x - 7.785 x 7.75 x 3.103 x 8.093 x
Free Cash Flow 1 -107 0.76 1.13 -1.47 -1.92 4.17
ROE (net income / shareholders' equity) 1.93% 9.89% 2.01% 9.56% 9.84% 10.1%
ROA (Net income/ Total Assets) 1.81% 1.53% 1.64% 2.42% 2.4% 2.29%
Assets 1 1,874 143.5 37.27 124.9 158.2 202.7
Book Value Per Share 2 5.530 0.0400 0.0500 0.0500 0.0500 0.0500
Cash Flow per Share 2 0.4000 0.0200 0.0100 0 0.0100 0
Capex 1 3.86 0.02 0.06 0.02 0.01 0.02
Capex / Sales 1.89% 0.96% 2.62% 0.8% 0.33% 0.59%
Announcement Date 01/03/19 28/02/20 02/03/21 03/03/22 01/03/23 01/03/24
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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