Financials Nitol Insurance Company Limited

Equities

NITOLINS

BD0727NITI04

Multiline Insurance & Brokers

End-of-day quote Dhaka S.E. 03:30:00 02/07/2024 am IST 5-day change 1st Jan Change
31.9 BDT +2.90% Intraday chart for Nitol Insurance Company Limited +0.31% -15.38%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,143 1,126 1,154 2,565 2,465 1,677
Enterprise Value (EV) 1 474.4 1,106 1,126 2,527 2,429 1,636
P/E ratio 11.7 x 9.46 x 8.91 x 22.4 x 20.9 x 19.6 x
Yield - 5.36% 5.23% 1.57% 2.04% 2.64%
Capitalization / Revenue 1.82 x 1.68 x 1.74 x 4.28 x 5.19 x 3.57 x
EV / Revenue 0.76 x 1.65 x 1.7 x 4.22 x 5.11 x 3.48 x
EV / EBITDA 3.33 x 6.23 x 5.53 x 14.3 x 13.6 x 12.6 x
EV / FCF 2.76 x -23.6 x 21.5 x 37.3 x 13.2 x 40.3 x
FCF Yield 36.2% -4.24% 4.64% 2.68% 7.59% 2.48%
Price to Book 1.34 x 1.16 x 1.11 x 2.34 x 2.1 x 1.39 x
Nbr of stocks (in thousands) 40,208 40,208 40,208 40,208 40,208 40,208
Reference price 2 28.42 28.00 28.70 63.80 61.30 41.70
Announcement Date 24/04/18 17/04/19 11/03/20 27/05/21 30/03/22 29/05/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 626.9 670.6 661.6 599.5 475.2 470.2
EBITDA 1 142.4 177.5 203.8 177.2 178 130
EBIT 1 125.9 155.8 183.3 157.8 159.8 111.7
Operating Margin 20.08% 23.23% 27.71% 26.32% 33.62% 23.76%
Earnings before Tax (EBT) 1 126.5 156.1 183.3 157.8 159.9 111.7
Net income 1 97.92 119 129.5 114.3 117.7 85.67
Net margin 15.62% 17.74% 19.58% 19.07% 24.77% 18.22%
EPS 2 2.435 2.959 3.222 2.844 2.928 2.131
Free Cash Flow 1 171.8 -46.86 52.27 67.81 184.4 40.64
FCF margin 27.41% -6.99% 7.9% 11.31% 38.81% 8.64%
FCF Conversion (EBITDA) 120.63% - 25.65% 38.28% 103.62% 31.27%
FCF Conversion (Net income) 175.47% - 40.35% 59.31% 156.64% 47.44%
Dividend per Share - 1.500 1.500 1.000 1.250 1.100
Announcement Date 24/04/18 17/04/19 11/03/20 27/05/21 30/03/22 29/05/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 668 19.6 27.7 38.2 35.9 40.7
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 172 -46.9 52.3 67.8 184 40.6
ROE (net income / shareholders' equity) 12.2% 13% 12.9% 10.7% 10.4% 7.2%
ROA (Net income/ Total Assets) 5.9% 6.45% 6.84% 5.42% 5.23% 3.58%
Assets 1 1,660 1,846 1,894 2,108 2,249 2,390
Book Value Per Share 2 21.20 24.20 25.90 27.20 29.20 30.00
Cash Flow per Share 2 16.60 0.4900 0.6900 0.9500 0.8900 1.010
Capex 1 30.8 8.73 0.98 7.79 3.04 19.3
Capex / Sales 4.92% 1.3% 0.15% 1.3% 0.64% 4.1%
Announcement Date 24/04/18 17/04/19 11/03/20 27/05/21 30/03/22 29/05/23
1BDT in Million2BDT
Estimates
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