Financials Sanford Limited OTC Markets

Equities

Market Closed - OTC Markets Other stock markets 01:17:09 06/06/2024 am IST			5-day change	1st Jan Change
9.36 ^USD	-14.99%		-.--%	-35.71%

29/05	Sanford Limited Reports Earnings Results for the Half Year Ended March 31, 2024	CI
29/05	Sanford Limited Declares an Interim Dividend for the Six Months Ended 31 March 2024, Payable on 18 June 2024	CI

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	635.8	533	476.9	390.9	363.7	375	-	-
Enterprise Value (EV) ¹	766.5	717.2	655.5	536.3	559.9	582.1	587.3	576.4
P/E ratio	15.2 x	23.8 x	29.3 x	6.99 x	36.4 x	11.1 x	9.46 x	7.85 x
Yield	3.38%	0.88%	-	2.39%	3.08%	3.37%	4.18%	4.74%
Capitalization / Revenue	1.17 x	1.14 x	0.97 x	0.73 x	0.66 x	0.7 x	0.67 x	0.64 x
EV / Revenue	1.41 x	1.53 x	1.34 x	1.01 x	1.01 x	1.08 x	1.05 x	0.99 x
EV / EBITDA	8.94 x	10.8 x	12.5 x	7.86 x	6.87 x	5.7 x	5.27 x	4.78 x
EV / FCF	7,43,90,502 x	-	-	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-	-	-
Price to Book	1.08 x	0.87 x	0.75 x	-	0.53 x	0.53 x	0.51 x	0.48 x
Nbr of stocks (in thousands)	93,506	93,506	93,506	93,506	93,506	93,506	-	-
Reference price ²	6.800	5.700	5.100	4.180	3.890	4.010	4.010	4.010
Announcement Date	13/11/19	11/11/20	17/11/21	14/11/22	13/11/23	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	545.1	468.8	489.6	531.9	553.4	537.2	560.6	584.8
EBITDA ¹	85.73	66.3	52.6	68.26	81.53	102.1	111.4	120.6
EBIT ¹	64.84	38.3	23.29	40.18	49.39	66.72	72.22	79.05
Operating Margin	11.9%	8.17%	4.76%	7.55%	8.93%	12.42%	12.88%	13.52%
Earnings before Tax (EBT) ¹	59.32	30.76	20.04	62.46	17.48	48.53	55.07	66.36
Net income ¹	41.7	22.4	16.26	55.89	10.02	33.86	39.65	47.78
Net margin	7.65%	4.78%	3.32%	10.51%	1.81%	6.3%	7.07%	8.17%
EPS ²	0.4460	0.2400	0.1740	0.5980	0.1070	0.3621	0.4241	0.5110
Free Cash Flow	10.3	-	-	-	-	-	-	-
FCF margin	1.89%	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	12.02%	-	-	-	-	-	-	-
FCF Conversion (Net income)	24.71%	-	-	-	-	-	-	-
Dividend per Share ²	0.2300	0.0500	-	0.1000	0.1200	0.1350	0.1675	0.1900
Announcement Date	13/11/19	11/11/20	17/11/21	14/11/22	13/11/23	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	131	184	179	145	196	207	212	201
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.524 x	2.779 x	3.395 x	2.131 x	2.406 x	2.029 x	1.907 x	1.67 x
Free Cash Flow	10.3	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.1%	3.7%	2.6%	8.6%	1.5%	4.99%	5.46%	6.32%
ROA (Net income/ Total Assets)	5.11%	-	3.11%	-	4.82%	6.51%	6.42%	6.48%
Assets ¹	815.3	-	523.7	-	207.8	520.1	617.7	737.3
Book Value Per Share ²	6.280	6.530	6.770	-	7.320	7.620	7.920	8.300
Cash Flow per Share ²	0.5200	0.2000	0.3400	0.4800	0.4400	0.6800	0.8000	0.8800
Capex ¹	38.3	43.2	39.1	53.4	64.4	65	50	49
Capex / Sales	7.03%	9.22%	7.98%	10.05%	11.64%	12.1%	8.92%	8.38%
Announcement Date	13/11/19	11/11/20	17/11/21	14/11/22	13/11/23	-	-	-

¹NZD in Million²NZD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.01 NZD

Average target price

4.95 NZD

Spread / Average Target

+23.44%

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