Financials S. Alam Cold Rolled Steels Limited

Equities

SALAMCRST

BD0470SACRS4

Iron & Steel

End-of-day quote Dhaka S.E. 03:30:00 02/06/2024 am IST 5-day change 1st Jan Change
20.3 BDT 0.00% Intraday chart for S. Alam Cold Rolled Steels Limited -0.98% -39.04%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 3,079 2,823 1,830 3,266 3,315 3,276
Enterprise Value (EV) 1 13,254 13,601 12,268 16,444 13,460 16,111
P/E ratio 25 x 27.2 x 34.1 x 37.7 x 50.1 x 68.5 x
Yield 3.19% 3.48% 5.38% 3.01% 1.48% 1.5%
Capitalization / Revenue 0.81 x 0.55 x 0.45 x 0.61 x 0.7 x 0.55 x
EV / Revenue 3.48 x 2.63 x 3 x 3.07 x 2.83 x 2.71 x
EV / EBITDA 22.4 x 16.5 x 18.9 x 21.4 x 17.8 x 17.1 x
EV / FCF -40.7 x -34.1 x 26.4 x -6.39 x 4.15 x -6.39 x
FCF Yield -2.46% -2.93% 3.79% -15.6% 24.1% -15.7%
Price to Book 1.61 x 1.47 x 0.98 x 1.76 x 1.82 x 1.8 x
Nbr of stocks (in thousands) 98,371 98,371 98,371 98,371 98,371 98,371
Reference price 2 31.30 28.70 18.60 33.20 33.70 33.30
Announcement Date 29/08/18 05/12/19 29/12/20 29/12/21 22/12/22 01/11/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 3,807 5,171 4,085 5,348 4,761 5,936
EBITDA 1 590.6 823.2 647.9 768.5 756.7 941.2
EBIT 1 512.8 734.8 573 678.1 706.7 885.2
Operating Margin 13.47% 14.21% 14.03% 12.68% 14.84% 14.91%
Earnings before Tax (EBT) 1 175.8 335.3 121.3 175.6 176.7 186
Net income 1 123.2 103.6 53.64 86.6 66.12 47.83
Net margin 3.24% 2% 1.31% 1.62% 1.39% 0.81%
EPS 2 1.253 1.054 0.5453 0.8804 0.6722 0.4862
Free Cash Flow 1 -325.4 -399 464.6 -2,572 3,242 -2,522
FCF margin -8.55% -7.72% 11.37% -48.09% 68.09% -42.5%
FCF Conversion (EBITDA) - - 71.72% - 428.45% -
FCF Conversion (Net income) - - 866.22% - 4,903.29% -
Dividend per Share 2 1.000 1.000 1.000 1.000 0.5000 0.5000
Announcement Date 29/08/18 05/12/19 29/12/20 29/12/21 22/12/22 01/11/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 10,175 10,778 10,438 13,178 10,145 12,835
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 17.23 x 13.09 x 16.11 x 17.15 x 13.41 x 13.64 x
Free Cash Flow 1 -325 -399 465 -2,572 3,242 -2,522
ROE (net income / shareholders' equity) 5.9% 4.92% 2.56% 4.15% 3.2% 2.25%
ROA (Net income/ Total Assets) 2.29% 3.01% 2.06% 2.35% 2.61% 3.1%
Assets 1 5,380 3,448 2,599 3,687 2,529 1,544
Book Value Per Share 2 19.40 19.50 19.00 18.90 18.60 18.50
Cash Flow per Share 2 0.3100 1.150 4.090 2.460 0.5400 1.450
Capex 1 128 167 25.1 2.55 1.12 200
Capex / Sales 3.37% 3.23% 0.61% 0.05% 0.02% 3.37%
Announcement Date 29/08/18 05/12/19 29/12/20 29/12/21 22/12/22 01/11/23
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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