Financials Metal Fabricators of Zambia Plc

Equities

ZAMEFA

ZM0000000243

Electrical Components & Equipment

End-of-day quote Lusaka S.E. 03:30:00 18/04/2024 am IST 5-day change 1st Jan Change
5.01 ZMW -.--% Intraday chart for Metal Fabricators of Zambia Plc -.--% +2.24%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 130.6 130 129.8 129.5 129.5 130.8
Enterprise Value (EV) 1 462.3 509.4 234.3 236.6 118.2 -72.52
P/E ratio -1.8 x -1.82 x -0.55 x 2.49 x -17.6 x 5.11 x
Yield - - - - - -
Capitalization / Revenue 0.11 x 0.1 x 0.13 x 0.05 x 0.06 x 0.06 x
EV / Revenue 0.38 x 0.39 x 0.24 x 0.1 x 0.06 x -0.03 x
EV / EBITDA 17.2 x 13.2 x 57.1 x 5.19 x 7 x -0.62 x
EV / FCF -7.41 x -45.4 x 1.9 x -4.36 x 0.9 x -0.33 x
FCF Yield -13.5% -2.2% 52.5% -22.9% 111% -301%
Price to Book 7.28 x 97.2 x 0.99 x 0.71 x 0.72 x 0.64 x
Nbr of stocks (in thousands) 27,090 27,090 27,090 27,090 27,090 27,090
Reference price 2 4.820 4.800 4.790 4.780 4.780 4.830
Announcement Date 14/11/18 31/01/20 30/11/20 31/01/22 23/11/22 06/12/23
1ZMW in Million2ZMW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 1,201 1,321 995.3 2,424 2,056 2,336
EBITDA 1 26.93 38.55 4.1 45.56 16.88 116.3
EBIT 1 18.63 30.62 1.456 42.91 14.14 113.2
Operating Margin 1.55% 2.32% 0.15% 1.77% 0.69% 4.85%
Earnings before Tax (EBT) 1 -88.82 -68.89 -232.9 65.8 -4.895 31.02
Net income 1 -72.34 -71.5 -234.4 52.04 -7.344 25.63
Net margin -6.02% -5.41% -23.55% 2.15% -0.36% 1.1%
EPS 2 -2.670 -2.639 -8.651 1.921 -0.2711 0.9460
Free Cash Flow 1 -62.37 -11.22 123.1 -54.25 131 218.6
FCF margin -5.19% -0.85% 12.37% -2.24% 6.37% 9.36%
FCF Conversion (EBITDA) - - 3,002.68% - 776.24% 187.94%
FCF Conversion (Net income) - - - - - 852.94%
Dividend per Share - - - - - -
Announcement Date 14/11/18 31/01/20 30/11/20 31/01/22 23/11/22 06/12/23
1ZMW in Million2ZMW
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 332 379 105 107 - -
Net Cash position 1 - - - - 11.3 203
Leverage (Debt/EBITDA) 12.32 x 9.84 x 25.49 x 2.352 x - -
Free Cash Flow 1 -62.4 -11.2 123 -54.2 131 219
ROE (net income / shareholders' equity) -128% -742% -355% 33.2% -4.04% 13.3%
ROA (Net income/ Total Assets) 1.85% 2.86% 0.14% 3.86% 1.25% 9.56%
Assets 1 -3,909 -2,499 -1,69,832 1,348 -588.4 268
Book Value Per Share 2 0.6600 0.0500 4.830 6.750 6.660 7.600
Cash Flow per Share 2 0.8000 0.5700 1.020 1.520 2.160 7.510
Capex 1 0.76 0.59 - 0.75 1.49 9.86
Capex / Sales 0.06% 0.04% - 0.03% 0.07% 0.42%
Announcement Date 14/11/18 31/01/20 30/11/20 31/01/22 23/11/22 06/12/23
1ZMW in Million2ZMW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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