Financials Express Insurance Limited

Equities

EIL

BD0748EIL003

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 23:00:00 12/06/2024 BST 5-day change 1st Jan Change
30.9 BDT +6.92% Intraday chart for Express Insurance Limited +9.57% -18.25%

Valuation

Fiscal Period: December 2020 2021 2022
Capitalization 1 2,178 2,275 1,780
Enterprise Value (EV) 1 1,251 1,211 658.3
P/E ratio 20.3 x 42.1 x 38.3 x
Yield 2.1% 2.87% 2.56%
Capitalization / Revenue 16.1 x 12.1 x 9.28 x
EV / Revenue 9.27 x 6.44 x 3.43 x
EV / EBITDA 11.3 x 7.8 x 4.15 x
EV / FCF 6,790,567 x 6,066,720 x 3,773,172 x
FCF Yield 0% 0% 0%
Price to Book 2.15 x 2.04 x 1.52 x
Nbr of stocks (in thousands) 65,197 65,197 65,197
Reference price 2 33.40 34.90 27.30
Announcement Date 15/11/21 15/06/22 23/08/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 81.79 94.05 96.59 135 188 191.7
EBITDA 1 70.5 81.54 81.1 110.9 155.2 158.7
EBIT 1 62.63 73.57 73.86 101.3 143 144.8
Operating Margin 76.58% 78.22% 76.46% 75.08% 76.09% 75.53%
Earnings before Tax (EBT) 1 66.9 73.15 73.46 98.47 79.41 105.1
Net income 1 46.77 43.84 51.4 87.45 54.05 46.48
Net margin 57.18% 46.61% 53.21% 64.8% 28.75% 24.24%
EPS 2 1.196 1.121 1.314 1.642 0.8290 0.7130
Free Cash Flow - 45.01 97.91 184.2 199.7 174.5
FCF margin - 47.86% 101.37% 136.47% 106.2% 91%
FCF Conversion (EBITDA) - 55.2% 120.73% 166.07% 128.63% 109.92%
FCF Conversion (Net income) - 102.66% 190.49% 210.61% 369.41% 375.33%
Dividend per Share 2 1.000 1.000 - 0.7000 1.000 0.7000
Announcement Date 09/01/20 09/01/20 14/09/20 15/11/21 15/06/22 23/08/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 544 538 562 927 1,064 1,122
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - 45 97.9 184 200 174
ROE (net income / shareholders' equity) - 5.94% 7.15% 10.2% 5.08% 4.07%
ROA (Net income/ Total Assets) - 4.19% 4.02% 4.37% 4.85% 4.43%
Assets 1 - 1,046 1,280 2,002 1,114 1,049
Book Value Per Share 2 19.00 18.40 18.00 15.50 17.10 17.90
Cash Flow per Share 2 13.90 13.60 14.70 14.50 16.70 17.90
Capex 1 10.3 2.35 5.14 22.2 31.3 12.1
Capex / Sales 12.6% 2.5% 5.32% 16.48% 16.66% 6.32%
Announcement Date 09/01/20 09/01/20 14/09/20 15/11/21 15/06/22 23/08/23
1BDT in Million2BDT
Estimates
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