Financials Phoenix Insurance Company Limited

Equities

PHENIXINS

BD0707PHOI02

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 03:30:00 24/06/2024 am IST 5-day change 1st Jan Change
26.5 BDT -2.21% Intraday chart for Phoenix Insurance Company Limited +0.38% -27.79%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,190 1,166 1,085 1,803 2,416 1,529
Enterprise Value (EV) 1 726.9 698.5 691.5 1,369 1,888 1,052
P/E ratio 10.7 x 12.1 x 11.7 x 19.2 x 27.2 x 18.8 x
Yield 5.42% 4.15% 4.46% 3.36% 2.5% 3.96%
Capitalization / Revenue 1.87 x 2.04 x 1.86 x 3.84 x 4.99 x 3.29 x
EV / Revenue 1.14 x 1.22 x 1.19 x 2.91 x 3.9 x 2.27 x
EV / EBITDA 4.78 x 5.09 x 5.39 x 10.2 x 15 x 8.9 x
EV / FCF 8.5 x 14.7 x -19.3 x 12 x 12.8 x 19.9 x
FCF Yield 11.8% 6.81% -5.19% 8.31% 7.8% 5.03%
Price to Book 0.7 x 0.78 x 0.77 x 1.14 x 1.5 x 1.02 x
Nbr of stocks (in thousands) 40,342 40,342 40,342 40,342 40,342 40,342
Reference price 2 29.50 28.90 26.90 44.70 59.90 37.90
Announcement Date 03/05/18 24/04/19 15/07/20 03/06/21 27/04/22 29/05/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 636.7 571.4 582.4 470.1 483.8 464
EBITDA 1 152.2 137.2 128.3 134.1 126.2 118.2
EBIT 1 137.8 124.3 116.6 123.3 114.2 104.6
Operating Margin 21.65% 21.76% 20.02% 26.23% 23.61% 22.54%
Earnings before Tax (EBT) 1 135.2 126.3 115.3 121.9 116.9 104.9
Net income 1 116 103.1 93 93.99 88.79 81.49
Net margin 18.22% 18.04% 15.97% 19.99% 18.35% 17.56%
EPS 2 2.764 2.382 2.305 2.330 2.201 2.020
Free Cash Flow 1 85.5 47.6 -35.92 113.8 147.4 52.94
FCF margin 13.43% 8.33% -6.17% 24.2% 30.46% 11.41%
FCF Conversion (EBITDA) 56.17% 34.71% - 84.85% 116.8% 44.79%
FCF Conversion (Net income) 73.71% 46.17% - 121.06% 165.99% 64.96%
Dividend per Share 2 1.600 1.200 1.200 1.500 1.500 1.500
Announcement Date 03/05/18 24/04/19 15/07/20 03/06/21 27/04/22 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 1 463 467 394 435 528 477
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 85.5 47.6 -35.9 114 147 52.9
ROE (net income / shareholders' equity) 7.47% 6.65% 6.41% 6.3% 5.57% 5.25%
ROA (Net income/ Total Assets) 4% 3.41% 3.34% 3.43% 3.02% 2.8%
Assets 1 2,901 3,022 2,788 2,739 2,940 2,908
Book Value Per Share 2 42.30 37.00 34.90 39.10 39.90 37.10
Cash Flow per Share 2 11.50 11.70 10.80 11.50 13.10 12.70
Capex 1 1.14 3.91 0.77 10 14 15.9
Capex / Sales 0.18% 0.68% 0.13% 2.13% 2.89% 3.43%
Announcement Date 03/05/18 24/04/19 15/07/20 03/06/21 27/04/22 29/05/23
1BDT in Million2BDT
Estimates
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