Financials NICO Holdings plc

Equities

NICO

MWNICO010014

Life & Health Insurance

End-of-day quote Malawi S.E. 23:00:00 15/07/2024 BST 5-day change 1st Jan Change
199.3 MWK -0.01% Intraday chart for NICO Holdings plc -0.03% +32.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 44,851 50,577 54,238 57,367 62,582 156,873
Enterprise Value (EV) 1 5,416 18,528 30,954 16,641 8,493 29,944
P/E ratio 6.89 x 6.31 x 5.42 x 5.89 x 3.14 x 5.04 x
Yield 3.95% 3.92% 4.42% 5% 10% 6.65%
Capitalization / Revenue 0.37 x 0.36 x 0.32 x 0.27 x 0.23 x 0.54 x
EV / Revenue 0.04 x 0.13 x 0.18 x 0.08 x 0.03 x 0.1 x
EV / EBITDA 0.37 x 0.79 x 1.07 x 0.54 x 0.16 x 0.2 x
EV / FCF 0.06 x -0.32 x -6.08 x 0.13 x 0.05 x 0.15 x
FCF Yield 1,647% -310% -16.4% 748% 2,200% 669%
Price to Book 1.74 x 1.59 x 1.36 x 1.19 x 0.96 x 1.72 x
Nbr of stocks (in thousands) 1,043,041 1,043,041 1,043,041 1,043,041 1,043,041 1,043,041
Reference price 2 43.00 48.49 52.00 55.00 60.00 150.4
Announcement Date 31/05/19 12/08/20 30/06/21 06/08/22 17/05/23 02/07/24
1MWK in Million2MWK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 121,508 141,198 169,014 212,623 268,484 290,447
EBITDA 1 14,714 23,450 29,063 30,708 53,033 152,189
EBIT 1 13,564 22,050 27,448 28,201 50,563 149,640
Operating Margin 11.16% 15.62% 16.24% 13.26% 18.83% 51.52%
Earnings before Tax (EBT) 1 16,075 21,491 26,468 26,879 49,698 84,102
Net income 1 6,510 8,011 10,004 9,736 19,925 31,096
Net margin 5.36% 5.67% 5.92% 4.58% 7.42% 10.71%
EPS 2 6.241 7.680 9.591 9.334 19.10 29.81
Free Cash Flow 1 89,211 -57,402 -5,090 124,539 186,858 200,302
FCF margin 73.42% -40.65% -3.01% 58.57% 69.6% 68.96%
FCF Conversion (EBITDA) 606.32% - - 405.57% 352.34% 131.61%
FCF Conversion (Net income) 1,370.43% - - 1,279.22% 937.8% 644.15%
Dividend per Share 2 1.700 1.900 2.300 2.750 6.000 10.00
Announcement Date 31/05/19 12/08/20 30/06/21 06/08/22 17/05/23 02/07/24
1MWK in Million2MWK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 39,435 32,049 23,285 40,726 54,089 126,930
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 89,211 -57,402 -5,090 124,539 186,858 200,302
ROE (net income / shareholders' equity) 27.8% 27.8% 28.5% 23.2% 37.2% 42.2%
ROA (Net income/ Total Assets) 2.04% 2.81% 2.76% 2.15% 3.02% 6.93%
Assets 1 318,513 285,573 361,847 453,302 659,490 449,024
Book Value Per Share 2 24.70 30.50 38.30 46.30 62.80 87.30
Cash Flow per Share 2 41.40 43.50 65.00 63.10 80.60 138.0
Capex 1 2,383 3,872 7,451 5,152 3,661 8,746
Capex / Sales 1.96% 2.74% 4.41% 2.42% 1.36% 3.01%
Announcement Date 31/05/19 12/08/20 30/06/21 06/08/22 17/05/23 02/07/24
1MWK in Million2MWK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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