Financials Britam Holdings Plc

Equities

BRIT

KE2000002192

Multiline Insurance & Brokers

End-of-day quote Nairobi S.E. 23:00:00 27/06/2024 BST 5-day change 1st Jan Change
6.04 KES +7.09% Intraday chart for Britam Holdings Plc +0.67% +26.10%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 25,234 22,711 18,321 18,926 13,122 12,088
Enterprise Value (EV) 1 21,299 18,333 16,367 16,096 8,343 4,660
P/E ratio -10.9 x 6.38 x -2 x 409 x 8.22 x 3.71 x
Yield - 2.78% - - - -
Capitalization / Revenue 0.97 x 0.61 x 0.57 x 0.47 x 0.35 x 0.39 x
EV / Revenue 0.82 x 0.49 x 0.51 x 0.4 x 0.22 x 0.15 x
EV / EBITDA -17.3 x 3.12 x -2.56 x 8.88 x 3.08 x 1.08 x
EV / FCF -1.72 x -1.22 x -0.89 x -1.51 x 0.52 x -1.57 x
FCF Yield -58.1% -82.1% -113% -66.1% 191% -63.6%
Price to Book 1.06 x 0.78 x 1.08 x 1 x 0.64 x 0.47 x
Nbr of stocks (in thousands) 2,523,404 2,523,487 2,523,487 2,523,487 2,523,487 2,523,487
Reference price 2 10.00 9.000 7.260 7.500 5.200 4.790
Announcement Date 28/03/19 02/04/20 28/04/21 08/06/22 07/06/23 06/06/24
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 25,949 37,158 32,056 40,143 37,506 30,605
EBITDA 1 -1,229 5,883 -6,400 1,812 2,709 4,314
EBIT 1 -1,545 5,571 -6,610 1,627 2,527 4,135
Operating Margin -5.96% 14.99% -20.62% 4.05% 6.74% 13.51%
Earnings before Tax (EBT) 1 -2,296 4,571 -9,698 1,011 2,952 4,819
Net income 1 -2,230 3,558 -9,147 46.22 1,596 3,256
Net margin -8.59% 9.58% -28.53% 0.12% 4.26% 10.64%
EPS 2 -0.9164 1.410 -3.625 0.0183 0.6326 1.290
Free Cash Flow 1 -12,383 -15,060 -18,436 -10,644 15,900 -2,963
FCF margin -47.72% -40.53% -57.51% -26.51% 42.39% -9.68%
FCF Conversion (EBITDA) - - - - 586.92% -
FCF Conversion (Net income) - - - - 996.06% -
Dividend per Share - 0.2500 - - - -
Announcement Date 28/03/19 02/04/20 28/04/21 08/06/22 07/06/23 06/06/24
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 3,935 4,379 1,953 2,831 4,780 7,428
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -12,383 -15,060 -18,436 -10,644 15,900 -2,963
ROE (net income / shareholders' equity) -9.48% 13.3% -39.2% 0.4% 8.47% 13.7%
ROA (Net income/ Total Assets) -0.95% 3.04% -3.15% 0.7% 1.01% 1.58%
Assets 1 233,993 116,972 290,281 6,601 157,608 206,147
Book Value Per Share 2 9.450 11.60 6.720 7.510 8.160 10.10
Cash Flow per Share 2 2.660 3.000 2.970 2.970 3.170 4.220
Capex 1 168 735 119 129 128 168
Capex / Sales 0.65% 1.98% 0.37% 0.32% 0.34% 0.55%
Announcement Date 28/03/19 02/04/20 28/04/21 08/06/22 07/06/23 06/06/24
1KES in Million2KES
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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