Financials Askari General Insurance Company Limited

Equities

AGIC

PK0073801018

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 23:00:00 05/05/2024 BST 5-day change 1st Jan Change
18.4 PKR +2.22% Intraday chart for Askari General Insurance Company Limited +2.00% -2.13%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,619 1,798 1,801 1,366 1,150 1,352
Enterprise Value (EV) 1 1,528 1,526 1,711 1,311 962.4 1,091
P/E ratio 5.48 x 4.99 x 4.54 x 3.72 x 3.24 x 3.16 x
Yield 5.79% 10% 11% 14.5% 18.1% 17.3%
Capitalization / Revenue 0.84 x 0.79 x 0.83 x 0.55 x 0.41 x 0.39 x
EV / Revenue 0.8 x 0.67 x 0.79 x 0.53 x 0.35 x 0.32 x
EV / EBITDA 3.21 x 2.85 x 2.88 x 2.4 x 1.59 x 1.32 x
EV / FCF 7.03 x 1.02 x 1.73 x 3.08 x 1.55 x 1.4 x
FCF Yield 14.2% 97.8% 58% 32.5% 64.4% 71.7%
Price to Book 0.96 x 0.91 x 0.83 x 0.59 x 0.47 x 0.49 x
Nbr of stocks (in thousands) 71,902 71,902 71,902 71,902 71,902 71,902
Reference price 2 22.52 25.00 25.05 19.00 16.00 18.80
Announcement Date 03/04/19 04/05/20 05/05/21 10/05/22 07/04/23 03/04/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,919 2,284 2,172 2,487 2,782 3,428
EBITDA 1 475.6 534.8 593.8 545.7 603.6 823.9
EBIT 1 425.1 519.9 577.3 514.3 567.8 784.7
Operating Margin 22.15% 22.76% 26.57% 20.68% 20.41% 22.89%
Earnings before Tax (EBT) 1 420.8 508.1 562 505.5 549.9 770.9
Net income 1 295.8 360.2 396.5 367.4 355.1 428.4
Net margin 15.41% 15.77% 18.25% 14.77% 12.76% 12.5%
EPS 2 4.114 5.009 5.514 5.110 4.938 5.957
Free Cash Flow 1 217.4 1,493 991.5 426.2 620 781.9
FCF margin 11.33% 65.35% 45.64% 17.14% 22.29% 22.81%
FCF Conversion (EBITDA) 45.71% 279.12% 166.99% 78.1% 102.72% 94.9%
FCF Conversion (Net income) 73.49% 414.46% 250.08% 116% 174.61% 182.53%
Dividend per Share 2 1.304 2.500 2.750 2.750 2.900 3.250
Announcement Date 03/04/19 04/05/20 05/05/21 10/05/22 07/04/23 03/04/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 91.5 271 90.3 55.2 188 261
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 217 1,493 992 426 620 782
ROE (net income / shareholders' equity) 18.7% 19.7% 19.1% 16.3% 14.8% 16.4%
ROA (Net income/ Total Assets) 5.67% 6.32% 6.39% 5.28% 5.32% 6.4%
Assets 1 5,213 5,701 6,206 6,956 6,672 6,696
Book Value Per Share 2 23.50 27.30 30.30 32.20 34.40 38.30
Cash Flow per Share 2 2.100 5.170 4.160 3.730 5.390 5.820
Capex 1 140 41.3 6.73 19 36 74.5
Capex / Sales 7.28% 1.81% 0.31% 0.76% 1.29% 2.17%
Announcement Date 03/04/19 04/05/20 05/05/21 10/05/22 07/04/23 03/04/24
1PKR in Million2PKR
Estimates
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