Financials National Life Insurance Company Limited

Equities

NATLIFEINS

BD0712NALI07

Life & Health Insurance

End-of-day quote Dhaka S.E. 03:30:00 09/05/2024 am IST 5-day change 1st Jan Change
99.4 BDT -2.64% Intraday chart for National Life Insurance Company Limited -4.79% -44.47%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 15,165 23,462 30,310 27,619 23,940 19,425
Enterprise Value (EV) 1 -2,085 5,654 10,485 7,493 1,859 -2,030
P/E ratio 15.5 x 10.6 x 11 x 8.04 x 5.66 x 4.24 x
Yield 1.24% 1.39% 1% 1.26% 1.59% 2.12%
Capitalization / Revenue 1.3 x 1.86 x 2.16 x 1.79 x 1.35 x 0.99 x
EV / Revenue -0.18 x 0.45 x 0.75 x 0.48 x 0.1 x -0.1 x
EV / EBITDA -1.45 x 2.11 x 3.2 x 1.91 x 0.38 x -0.42 x
EV / FCF -2.6 x -1.87 x 4.87 x 2.06 x 1.02 x -2.69 x
FCF Yield -38.4% -53.5% 20.5% 48.6% 98.1% -37.2%
Price to Book 14 x 18.5 x 23.1 x 20.2 x 16.3 x 12.7 x
Nbr of stocks (in thousands) 1,08,522 1,08,522 1,08,522 1,08,522 1,08,522 1,08,522
Reference price 2 139.7 216.2 279.3 254.5 220.6 179.0
Announcement Date 30/07/18 05/09/19 09/08/20 18/08/21 16/06/22 22/05/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 11,630 12,609 14,044 15,452 17,744 19,671
EBITDA 1 1,443 2,681 3,273 3,929 4,901 4,818
EBIT 1 1,377 2,615 3,194 3,855 4,832 4,738
Operating Margin 11.84% 20.74% 22.74% 24.95% 27.23% 24.08%
Earnings before Tax (EBT) 1 1,306 2,550 3,138 3,800 4,713 4,944
Net income 1 975.7 2,223 2,748 3,436 4,227 4,585
Net margin 8.39% 17.63% 19.57% 22.24% 23.82% 23.31%
EPS 2 8.991 20.49 25.32 31.66 38.95 42.25
Free Cash Flow 1 801 -3,022 2,152 3,641 1,823 755.4
FCF margin 6.89% -23.97% 15.32% 23.56% 10.28% 3.84%
FCF Conversion (EBITDA) 55.51% - 65.75% 92.65% 37.21% 15.68%
FCF Conversion (Net income) 82.1% - 78.31% 105.94% 43.14% 16.48%
Dividend per Share 2 1.739 3.000 2.800 3.200 3.500 3.800
Announcement Date 30/07/18 05/09/19 09/08/20 18/08/21 16/06/22 22/05/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 17,250 17,808 19,825 20,126 22,081 21,455
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 801 -3,022 2,152 3,641 1,823 755
ROE (net income / shareholders' equity) 99.8% 187% 210% 253% 294% 302%
ROA (Net income/ Total Assets) 2.12% 3.87% 4.5% 5.05% 5.86% 5.42%
Assets 1 46,120 57,398 61,127 68,014 72,157 84,625
Book Value Per Share 2 9.960 11.70 12.10 12.60 13.50 14.10
Cash Flow per Share 2 159.0 164.0 183.0 186.0 205.0 199.0
Capex 1 133 117 114 116 114 167
Capex / Sales 1.14% 0.93% 0.81% 0.75% 0.64% 0.85%
Announcement Date 30/07/18 05/09/19 09/08/20 18/08/21 16/06/22 22/05/23
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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