Financials LafargeHolcim Bangladesh Limited

Equities

LHBL

BD0643LSCL09

Construction Materials

End-of-day quote Dhaka S.E. 23:00:00 24/04/2024 BST 5-day change 1st Jan Change
63.4 BDT -1.86% Intraday chart for LafargeHolcim Bangladesh Limited -2.91% -8.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 50,520 39,022 55,514 82,574 75,257 80,483
Enterprise Value (EV) 1 53,051 40,077 54,244 77,357 70,451 71,301
P/E ratio 45.3 x 22.5 x 23.5 x 21.3 x 16.9 x 13.5 x
Yield 2.3% 2.98% 2.09% 3.52% 7.41% 7.22%
Capitalization / Revenue 3.04 x 2.19 x 3.42 x 4.02 x 3.19 x 2.84 x
EV / Revenue 3.19 x 2.25 x 3.34 x 3.77 x 2.99 x 2.51 x
EV / EBITDA 15.2 x 10.2 x 13.7 x 12.7 x 9.65 x 7.91 x
EV / FCF 30.7 x 15.7 x 15.4 x 16.5 x 11.8 x 13.2 x
FCF Yield 3.26% 6.35% 6.49% 6.07% 8.47% 7.59%
Price to Book 3.24 x 2.41 x 3.21 x 4.17 x 4.25 x 3.62 x
Nbr of stocks (in thousands) 1,161,374 1,161,374 1,161,374 1,161,374 1,161,374 1,161,374
Reference price 2 43.50 33.60 47.80 71.10 64.80 69.30
Announcement Date 18/04/19 04/03/20 01/04/21 26/02/22 19/03/23 29/02/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 16,632 17,840 16,222 20,534 23,594 28,388
EBITDA 1 3,487 3,943 3,967 6,075 7,299 9,012
EBIT 1 2,552 2,960 2,948 4,818 5,967 7,756
Operating Margin 15.34% 16.59% 18.17% 23.46% 25.29% 27.32%
Earnings before Tax (EBT) 1 1,883 2,681 2,849 4,828 5,744 7,716
Net income 1 1,115 1,738 2,361 3,882 4,445 5,942
Net margin 6.7% 9.74% 14.56% 18.9% 18.84% 20.93%
EPS 2 0.9598 1.496 2.030 3.340 3.827 5.116
Free Cash Flow 1 1,727 2,545 3,522 4,695 5,970 5,414
FCF margin 10.38% 14.27% 21.71% 22.87% 25.3% 19.07%
FCF Conversion (EBITDA) 49.52% 64.55% 88.77% 77.28% 81.8% 60.08%
FCF Conversion (Net income) 154.94% 146.49% 149.13% 120.95% 134.33% 91.12%
Dividend per Share 2 1.000 1.000 1.000 2.500 4.800 5.000
Announcement Date 18/04/19 04/03/20 01/04/21 26/02/22 19/03/23 29/02/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,531 1,055 - - - -
Net Cash position 1 - - 1,270 5,216 4,806 9,182
Leverage (Debt/EBITDA) 0.7257 x 0.2676 x - - - -
Free Cash Flow 1 1,727 2,545 3,522 4,695 5,970 5,414
ROE (net income / shareholders' equity) 7.23% 10.9% 14.1% 20.9% 23.7% 29.8%
ROA (Net income/ Total Assets) 6.58% 6.88% 6.93% 10.8% 12.7% 14.9%
Assets 1 16,929 25,267 34,060 35,992 34,915 39,943
Book Value Per Share 2 13.40 13.90 14.90 17.00 15.20 19.10
Cash Flow per Share 2 0.3800 0.2600 1.180 4.540 4.170 8.050
Capex 1 803 972 775 946 701 377
Capex / Sales 4.83% 5.45% 4.78% 4.61% 2.97% 1.33%
Announcement Date 18/04/19 04/03/20 01/04/21 26/02/22 19/03/23 29/02/24
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
63.4 BDT
Average target price
79.25 BDT
Spread / Average Target
+25.00%
Consensus

Annual profits - Rate of surprise

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