Financials MPICO plc

Equities

MPICO

MWMPI0010116

Real Estate Development & Operations

End-of-day quote Malawi S.E. 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
15 MWK +2.18% Intraday chart for MPICO plc +2.25% 0.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 35,873 30,334 44,881 48,259 47,570 47,432
Enterprise Value (EV) 1 43,815 32,804 49,883 53,767 52,273 50,653
P/E ratio 8.79 x 5.98 x 8.11 x 11.4 x 10.1 x 8.28 x
Yield - 1.7% 1.28% 1.33% 1.5% 1.74%
Capitalization / Revenue 6.33 x 4.11 x 6.52 x 7.31 x 7.04 x 6.79 x
EV / Revenue 7.73 x 4.44 x 7.25 x 8.14 x 7.74 x 7.25 x
EV / EBITDA 18.8 x 8.1 x 13.5 x 14.1 x 24.6 x 22.3 x
EV / FCF -9.22 x 5.23 x -23.6 x -45.8 x 42.1 x 22.9 x
FCF Yield -10.8% 19.1% -4.23% -2.18% 2.38% 4.37%
Price to Book 1.3 x 0.89 x 1.15 x 1.11 x 1.01 x 0.91 x
Nbr of stocks (in thousands) 2,298,047 2,298,047 2,298,047 2,298,047 2,298,047 2,298,047
Reference price 2 15.61 13.20 19.53 21.00 20.70 20.64
Announcement Date 31/03/18 19/06/19 05/06/20 31/03/21 20/06/22 01/06/23
1MWK in Million2MWK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 5,671 7,380 6,881 6,605 6,755 6,989
EBITDA 1 2,332 4,049 3,699 3,802 2,121 2,273
EBIT 1 2,258 3,977 3,557 3,642 1,965 2,134
Operating Margin 39.82% 53.88% 51.69% 55.14% 29.08% 30.54%
Earnings before Tax (EBT) 1 7,123 9,068 9,225 9,161 7,689 9,005
Net income 1 4,083 5,072 5,532 4,231 4,706 5,726
Net margin 72% 68.72% 80.4% 64.05% 69.66% 81.93%
EPS 2 1.777 2.207 2.407 1.841 2.048 2.492
Free Cash Flow 1 -4,753 6,269 -2,109 -1,174 1,242 2,216
FCF margin -83.82% 84.94% -30.66% -17.77% 18.39% 31.7%
FCF Conversion (EBITDA) - 154.82% - - 58.59% 97.49%
FCF Conversion (Net income) - 123.6% - - 26.4% 38.69%
Dividend per Share - 0.2250 0.2500 0.2800 0.3100 0.3600
Announcement Date 31/03/18 19/06/19 05/06/20 31/03/21 20/06/22 01/06/23
1MWK in Million2MWK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 7,942 2,469 5,002 5,508 4,704 3,222
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.405 x 0.6099 x 1.352 x 1.449 x 2.218 x 1.418 x
Free Cash Flow 1 -4,753 6,269 -2,109 -1,174 1,242 2,216
ROE (net income / shareholders' equity) 14.1% 13.7% 13.6% 7.06% 9.71% 11.3%
ROA (Net income/ Total Assets) 2.38% 3.82% 3.21% 2.96% 1.49% 1.5%
Assets 1 171,560 132,843 172,332 142,771 316,752 382,094
Book Value Per Share 2 12.00 14.80 17.00 18.90 20.60 22.80
Cash Flow per Share 2 0.0600 1.120 0.0700 0.0800 0.1900 0.1700
Capex 1 79.6 434 228 65.2 76 30.6
Capex / Sales 1.4% 5.88% 3.31% 0.99% 1.13% 0.44%
Announcement Date 31/03/18 19/06/19 05/06/20 31/03/21 20/06/22 01/06/23
1MWK in Million2MWK
Estimates