Financials Eastern Insurance Company Limited

Equities

EASTERNINS

BD0705EASTI6

Multiline Insurance & Brokers

End-of-day quote Dhaka S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
51.1 BDT -2.67% Intraday chart for Eastern Insurance Company Limited +1.79% -24.74%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,237 1,164 1,673 4,583 4,962 2,117
Enterprise Value (EV) 1 37.87 -97.79 362.9 3,214 3,472 604.1
P/E ratio 18.3 x 16.8 x 10.3 x 27.4 x 21.2 x 16.2 x
Yield 6.97% 7.41% 5.15% 1.88% 1.91% 4.48%
Capitalization / Revenue 3.35 x 2.96 x 4.08 x 10.7 x 9.41 x 4.84 x
EV / Revenue 0.1 x -0.25 x 0.88 x 7.52 x 6.59 x 1.38 x
EV / EBITDA 0.32 x -0.79 x 1.7 x 14.7 x 12 x 3.2 x
EV / FCF 0.56 x -1.06 x 3.43 x 33.3 x 17.8 x 5.19 x
FCF Yield 178% -94.4% 29.2% 3% 5.62% 19.3%
Price to Book 0.74 x 0.67 x 0.91 x 2.38 x 2.35 x 0.97 x
Nbr of stocks (in thousands) 43,110 43,110 43,110 43,110 43,110 43,110
Reference price 2 28.70 27.00 38.80 106.3 115.1 49.10
Announcement Date 03/06/18 23/06/19 05/08/20 07/03/22 12/07/22 09/07/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 368.9 393.4 410 427.4 527 437.6
EBITDA 1 118.2 123.9 213 218.1 288.2 188.8
EBIT 1 114.1 120.4 209.6 212.3 283 184.5
Operating Margin 30.94% 30.62% 51.11% 49.66% 53.7% 42.16%
Earnings before Tax (EBT) 1 109.9 116.7 208.6 211 280.9 180.8
Net income 1 67.67 69.35 162.6 167.5 234.2 130.5
Net margin 18.35% 17.63% 39.65% 39.19% 44.45% 29.83%
EPS 2 1.570 1.609 3.772 3.885 5.434 3.028
Free Cash Flow 1 67.45 92.34 105.9 96.55 195 116.4
FCF margin 18.28% 23.48% 25.84% 22.59% 37% 26.59%
FCF Conversion (EBITDA) 57.06% 74.55% 49.73% 44.28% 67.66% 61.64%
FCF Conversion (Net income) 99.67% 133.16% 65.16% 57.64% 83.24% 89.16%
Dividend per Share 2 2.000 2.000 2.000 2.000 2.200 2.200
Announcement Date 03/06/18 23/06/19 05/08/20 07/03/22 12/07/22 09/07/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,199 1,262 1,310 1,368 1,490 1,513
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 67.4 92.3 106 96.5 195 116
ROE (net income / shareholders' equity) 4.12% 4.06% 9.1% 8.91% 11.6% 6.09%
ROA (Net income/ Total Assets) 3.35% 3.37% 5.5% 5.22% 6.54% 4.08%
Assets 1 2,021 2,057 2,954 3,208 3,583 3,198
Book Value Per Share 2 38.90 40.50 42.50 44.70 49.00 50.40
Cash Flow per Share 2 27.90 29.30 30.40 32.00 34.70 35.20
Capex 1 1.07 0.22 3.86 11.7 2.64 10.9
Capex / Sales 0.29% 0.06% 0.94% 2.74% 0.5% 2.5%
Announcement Date 03/06/18 23/06/19 05/08/20 07/03/22 12/07/22 09/07/23
1BDT in Million2BDT
Estimates
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