Financials New African Properties Limited

Equities

NAP

BW0000001049

Real Estate Development & Operations

End-of-day quote Botswana S.E. 03:30:00 16/05/2024 am IST 5-day change 1st Jan Change
3.86 BWP 0.00% Intraday chart for New African Properties Limited 0.00% +1.58%

Valuation

Fiscal Period: July 2018 2019 2020 2021 2022 2023
Capitalization 1 1,940 1,958 1,952 1,964 2,001 2,266
Enterprise Value (EV) 1 1,922 1,934 1,936 1,941 1,999 2,256
P/E ratio 8.93 x 9.85 x 13.1 x 12.2 x 8.87 x 10 x
Yield 7.64% 7.96% 7.9% 8.41% 8.76% 8.27%
Capitalization / Revenue 9.79 x 9.4 x 9.18 x 9.19 x 8.64 x 9.2 x
EV / Revenue 9.7 x 9.28 x 9.1 x 9.09 x 8.64 x 9.15 x
EV / EBITDA 12.3 x 11.7 x 12.2 x 12 x 11.3 x 11.8 x
EV / FCF 20.5 x 17.6 x 21 x 17.1 x 12.9 x 17.7 x
FCF Yield 4.88% 5.7% 4.76% 5.86% 7.77% 5.65%
Price to Book 1.38 x 1.36 x 1.36 x 1.37 x 1.35 x 1.49 x
Nbr of stocks (in thousands) 6,04,397 6,04,397 6,04,397 6,04,397 6,04,397 6,04,397
Reference price 2 3.210 3.240 3.230 3.250 3.310 3.750
Announcement Date 13/11/18 21/11/19 29/10/20 04/11/21 28/10/22 01/11/23
1BWP in Million2BWP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2018 2019 2020 2021 2022 2023
Net sales 1 198.2 208.3 212.7 213.6 231.4 246.5
EBITDA 1 156.3 165.9 158.3 162 177.4 191.8
EBIT 1 155.4 165.1 157.4 161.1 176.5 190.9
Operating Margin 78.42% 79.23% 74% 75.41% 76.29% 77.46%
Earnings before Tax (EBT) 1 233.7 209 148.8 144.1 201.4 235.4
Net income 1 217.3 198.7 149.3 161.5 225.5 226
Net margin 109.63% 95.39% 70.2% 75.6% 97.44% 91.71%
EPS 2 0.3595 0.3288 0.2471 0.2672 0.3731 0.3740
Free Cash Flow 1 93.72 110.2 92.13 113.8 155.3 127.3
FCF margin 47.29% 52.88% 43.31% 53.28% 67.12% 51.67%
FCF Conversion (EBITDA) 59.96% 66.39% 58.2% 70.28% 87.54% 66.39%
FCF Conversion (Net income) 43.14% 55.44% 61.7% 70.48% 68.88% 56.34%
Dividend per Share 2 0.2453 0.2580 0.2552 0.2734 0.2901 0.3101
Announcement Date 13/11/18 21/11/19 29/10/20 04/11/21 28/10/22 01/11/23
1BWP in Million2BWP
Estimates

Balance Sheet Analysis

Fiscal Period: July 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 17.7 24.6 16.2 23.1 1.17 10.8
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 93.7 110 92.1 114 155 127
ROE (net income / shareholders' equity) 15.9% 14% 10.4% 11.3% 15.5% 15%
ROA (Net income/ Total Assets) 5.95% 6.07% 5.72% 5.9% 6.46% 6.85%
Assets 1 3,649 3,273 2,610 2,735 3,489 3,300
Book Value Per Share 2 2.320 2.390 2.370 2.370 2.450 2.520
Cash Flow per Share 2 0.0700 0.0700 0.0500 0.0600 0.0200 0.0300
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 13/11/18 21/11/19 29/10/20 04/11/21 28/10/22 01/11/23
1BWP in Million2BWP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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