Financials Shaheen Insurance Company Limited

Equities

SHNI

PK0076001012

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 03:30:00 21/05/2024 am IST 5-day change 1st Jan Change
4.28 PKR +3.13% Intraday chart for Shaheen Insurance Company Limited +2.15% +12.22%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 243 237 259.2 255 180 246
Enterprise Value (EV) 1 219 -140.8 -114.9 -117.5 -278.5 -457.3
P/E ratio 3.54 x 3.95 x 7.28 x 8.22 x 3.37 x 2.12 x
Yield 6.17% - - - - 6.1%
Capitalization / Revenue 0.6 x 0.64 x 0.88 x 1.08 x 0.46 x 0.42 x
EV / Revenue 0.54 x -0.38 x -0.39 x -0.5 x -0.71 x -0.77 x
EV / EBITDA 2.39 x -1.98 x -5.59 x -9.96 x -5.22 x -2.43 x
EV / FCF -1.71 x -1.97 x -4.06 x -7.99 x -3.83 x -2.67 x
FCF Yield -58.4% -50.9% -24.6% -12.5% -26.1% -37.5%
Price to Book 0.36 x 0.38 x 0.4 x 0.37 x 0.25 x 0.29 x
Nbr of stocks (in thousands) 64,500 64,500 64,500 64,500 64,500 64,500
Reference price 2 3.767 3.674 4.019 3.953 2.791 3.814
Announcement Date 10/04/19 21/05/20 09/04/21 07/04/22 04/04/23 22/03/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 406 368 293.8 235.3 392.2 592.4
EBITDA 1 91.74 71.17 20.53 11.8 53.34 188
EBIT 1 85.22 66.22 16.67 7.996 49.21 165.7
Operating Margin 20.99% 17.99% 5.67% 3.4% 12.55% 27.97%
Earnings before Tax (EBT) 1 88.62 80.26 45.99 25.97 77.79 163.9
Net income 1 68.64 60 35.61 31.01 53.38 116.3
Net margin 16.91% 16.3% 12.12% 13.18% 13.61% 19.63%
EPS 2 1.064 0.9302 0.5521 0.4808 0.8275 1.803
Free Cash Flow 1 -127.8 71.65 28.28 14.71 72.76 171.5
FCF margin -31.49% 19.47% 9.62% 6.25% 18.55% 28.95%
FCF Conversion (EBITDA) - 100.66% 137.72% 124.62% 136.4% 91.22%
FCF Conversion (Net income) - 119.41% 79.41% 47.43% 136.31% 147.45%
Dividend per Share 2 0.2326 - - - - 0.2326
Announcement Date 10/04/19 21/05/20 09/04/21 07/04/22 04/04/23 22/03/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 24 378 374 373 459 703
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -128 71.6 28.3 14.7 72.8 171
ROE (net income / shareholders' equity) 10.6% 10% 5.58% 4.62% 7.52% 14.8%
ROA (Net income/ Total Assets) 4.87% 3.73% 0.92% 0.46% 2.64% 7.25%
Assets 1 1,410 1,607 3,877 6,783 2,023 1,605
Book Value Per Share 2 10.60 9.630 10.20 10.70 11.30 13.10
Cash Flow per Share 2 0.3700 7.070 6.070 6.190 7.410 11.20
Capex 1 1.57 4.08 5.09 8.19 27.5 44.1
Capex / Sales 0.39% 1.11% 1.73% 3.48% 7.01% 7.44%
Announcement Date 10/04/19 21/05/20 09/04/21 07/04/22 04/04/23 22/03/24
1PKR in Million2PKR
Estimates
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