Financials Victory Supermarket Chain Ltd

Equities

VCTR

IL0011237778

Food Retail & Distribution

Market Closed - TEL AVIV STOCK EXCHANGE 07:54:13 16/05/2024 pm IST 5-day change 1st Jan Change
4,918 ILa -0.89% Intraday chart for Victory Supermarket Chain Ltd +0.84% +38.34%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 701.7 818.5 1,046 963.9 582.1 510.5
Enterprise Value (EV) 1 698.7 1,630 2,107 2,111 1,670 1,512
P/E ratio 20.5 x 30.1 x 18.2 x 19.1 x 15.8 x 11 x
Yield - - - - 2.07% 2.94%
Capitalization / Revenue 0.42 x 0.47 x 0.44 x 0.42 x 0.25 x 0.21 x
EV / Revenue 0.42 x 0.93 x 0.89 x 0.91 x 0.72 x 0.62 x
EV / EBITDA 9.67 x 20.3 x 15 x 17.5 x 14.6 x 12.4 x
EV / FCF -147 x 20.9 x 17.2 x 39.2 x 8.96 x 9.25 x
FCF Yield -0.68% 4.78% 5.82% 2.55% 11.2% 10.8%
Price to Book 2.75 x 3.05 x 3.38 x 2.78 x 1.58 x 1.28 x
Nbr of stocks (in thousands) 14,288 14,247 14,258 14,479 14,416 14,360
Reference price 2 49.11 57.45 73.34 66.57 40.38 35.55
Announcement Date 19/03/19 18/03/20 21/03/21 29/03/22 22/03/23 25/03/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,668 1,747 2,377 2,312 2,315 2,451
EBITDA 1 72.28 80.21 140.8 120.9 114 121.6
EBIT 1 48.44 54.48 106.9 89.37 80.21 84.22
Operating Margin 2.9% 3.12% 4.5% 3.87% 3.46% 3.44%
Earnings before Tax (EBT) 1 43.7 35.78 74.72 66.04 47.09 60.16
Net income 1 33.28 27.27 58.11 50.69 36.9 46.46
Net margin 2% 1.56% 2.44% 2.19% 1.59% 1.9%
EPS 2 2.400 1.910 4.040 3.490 2.562 3.230
Free Cash Flow 1 -4.739 77.83 122.6 53.8 186.3 163.5
FCF margin -0.28% 4.45% 5.16% 2.33% 8.05% 6.67%
FCF Conversion (EBITDA) - 97.03% 87.11% 44.49% 163.34% 134.44%
FCF Conversion (Net income) - 285.37% 211.04% 106.15% 504.8% 351.85%
Dividend per Share - - - - 0.8354 1.044
Announcement Date 19/03/19 18/03/20 21/03/21 29/03/22 22/03/23 25/03/24
1ILS in Million2ILS
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2
Net sales 1 - 594.8
EBITDA - -
EBIT 1 - 25.63
Operating Margin - 4.31%
Earnings before Tax (EBT) - -
Net income 1 3.895 13.04
Net margin - 2.19%
EPS 0.2700 -
Dividend per Share - -
Announcement Date 29/05/22 23/08/22
1ILS in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 811 1,062 1,147 1,088 1,001
Net Cash position 1 3 - - - - -
Leverage (Debt/EBITDA) - 10.11 x 7.541 x 9.487 x 9.538 x 8.235 x
Free Cash Flow 1 -4.74 77.8 123 53.8 186 163
ROE (net income / shareholders' equity) 14.4% 10.5% 20% 15.4% 10.3% 12.1%
ROA (Net income/ Total Assets) 4.75% 3.14% 3.93% 2.99% 2.64% 2.73%
Assets 1 700 869 1,479 1,696 1,399 1,701
Book Value Per Share 2 17.80 18.80 21.70 24.00 25.60 27.70
Cash Flow per Share 2 1.710 5.180 4.200 1.740 5.110 7.250
Capex 1 26.2 26.5 38.4 29.8 52.5 37.4
Capex / Sales 1.57% 1.52% 1.62% 1.29% 2.27% 1.52%
Announcement Date 19/03/19 18/03/20 21/03/21 29/03/22 22/03/23 25/03/24
1ILS in Million2ILS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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