Financials TPL Insurance Limited

Equities

TPLI

PK0084001012

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 03:30:00 17/05/2024 am IST 5-day change 1st Jan Change
17.31 PKR +1.82% Intraday chart for TPL Insurance Limited +3.34% +19.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,056 2,410 2,843 3,481 3,323 2,867
Enterprise Value (EV) 1 1,703 1,564 1,984 2,304 1,163 -345.4
P/E ratio 575 x 79 x 71.5 x -339 x 161 x 2.54 x
Yield 9.13% - - - - 20.8%
Capitalization / Revenue 1.39 x 1.05 x 1.21 x 1.39 x 1.07 x 0.8 x
EV / Revenue 1.15 x 0.68 x 0.85 x 0.92 x 0.37 x -0.1 x
EV / EBITDA 56.5 x 12.9 x 15.9 x 38.4 x 11.7 x -3.21 x
EV / FCF -11.7 x 4.89 x 39 x 8.84 x 1.6 x -0.58 x
FCF Yield -8.52% 20.5% 2.57% 11.3% 62.3% -173%
Price to Book 2.19 x 3.2 x 3.38 x 2.28 x 1.55 x 1.09 x
Nbr of stocks (in thousands) 1,26,719 1,26,719 1,26,719 1,58,208 1,98,394 1,98,394
Reference price 2 16.22 19.01 22.44 22.00 16.75 14.45
Announcement Date 30/03/19 08/05/20 30/03/21 04/04/22 05/04/23 29/02/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,480 2,288 2,342 2,508 3,116 3,583
EBITDA 1 30.13 121.3 124.6 60.06 99.21 107.7
EBIT 1 15.22 85.47 89.93 21.55 94.65 94.48
Operating Margin 1.03% 3.74% 3.84% 0.86% 3.04% 2.64%
Earnings before Tax (EBT) 1 14.51 56.03 79.51 -5.224 65.06 1,172
Net income 1 3.575 30.52 39.79 -9.688 18.26 1,127
Net margin 0.24% 1.33% 1.7% -0.39% 0.59% 31.45%
EPS 2 0.0282 0.2408 0.3140 -0.0649 0.1043 5.681
Free Cash Flow 1 -145 319.9 50.94 260.5 724.9 597.3
FCF margin -9.8% 13.98% 2.18% 10.39% 23.27% 16.67%
FCF Conversion (EBITDA) - 263.73% 40.88% 433.76% 730.62% 554.49%
FCF Conversion (Net income) - 1,048.47% 128.04% - 3,968.99% 52.99%
Dividend per Share 2 1.482 - - - - 3.000
Announcement Date 30/03/19 08/05/20 30/03/21 04/04/22 05/04/23 29/02/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 353 846 859 1,177 2,160 3,212
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -145 320 50.9 261 725 597
ROE (net income / shareholders' equity) 0.35% 4.01% 4.99% -0.82% 0.99% 47.1%
ROA (Net income/ Total Assets) 0.4% 1.91% 1.74% 0.33% 1.1% 0.89%
Assets 1 893.1 1,597 2,289 -2,980 1,661 1,26,731
Book Value Per Share 2 7.390 5.950 6.630 9.650 10.80 13.30
Cash Flow per Share 2 2.790 8.860 7.800 8.700 12.10 16.80
Capex 1 93.5 33 15.1 144 54.4 40
Capex / Sales 6.32% 1.44% 0.64% 5.73% 1.75% 1.12%
Announcement Date 30/03/19 08/05/20 30/03/21 04/04/22 05/04/23 29/02/24
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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