Financials Standard Insurance Limited

Equities

STANDARINS

BD0738STDI01

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 23:00:00 26/06/2024 BST 5-day change 1st Jan Change
35.9 BDT -0.83% Intraday chart for Standard Insurance Limited -1.10% -35.20%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,464 1,602 1,814 3,299 2,078 2,399
Enterprise Value (EV) 1 585.3 612.6 793.7 2,159 920.1 1,305
P/E ratio 18.5 x 18.9 x 19.6 x 33.2 x 20.4 x 26.2 x
Yield - 2.7% 2.98% 1.71% 2.71% 1.81%
Capitalization / Revenue 3.63 x 3.94 x 4.31 x 6.7 x 4.38 x 6.05 x
EV / Revenue 1.45 x 1.51 x 1.88 x 4.38 x 1.94 x 3.29 x
EV / EBITDA 5.27 x 5.16 x 6.14 x 14.5 x 6.35 x 15.7 x
EV / FCF 12 x 6.6 x 6.5 x 10.5 x 8.52 x 33.6 x
FCF Yield 8.35% 15.1% 15.4% 9.55% 11.7% 2.98%
Price to Book 2.1 x 2.05 x 2.2 x 3.84 x 2.31 x 2.65 x
Nbr of stocks (in thousands) 43,297 43,297 43,297 43,297 43,297 43,297
Reference price 2 33.82 37.00 41.90 76.20 48.00 55.40
Announcement Date 30/05/19 21/07/20 23/05/21 27/06/22 07/06/23 11/06/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 403.2 406.2 421.4 492.4 474.7 396.4
EBITDA 1 111.1 118.8 129.2 149 144.8 82.88
EBIT 1 107 115.2 125.7 144.8 141.1 79.56
Operating Margin 26.54% 28.37% 29.82% 29.41% 29.72% 20.07%
Earnings before Tax (EBT) 1 108.2 115.2 125.7 141.8 138.6 77.57
Net income 1 79.26 84.59 92.57 120.3 97.88 62.09
Net margin 19.66% 20.83% 21.97% 24.43% 20.62% 15.66%
EPS 2 1.831 1.954 2.138 2.293 2.349 2.113
Free Cash Flow 1 48.84 92.8 122.2 206.2 108 38.88
FCF margin 12.11% 22.85% 28.99% 41.88% 22.76% 9.81%
FCF Conversion (EBITDA) 43.95% 78.1% 94.56% 138.35% 74.59% 46.91%
FCF Conversion (Net income) 61.62% 109.7% 131.97% 171.44% 110.36% 62.62%
Dividend per Share - 1.000 1.250 1.300 1.300 1.000
Announcement Date 30/05/19 21/07/20 23/05/21 27/06/22 07/06/23 11/06/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 879 989 1,020 1,141 1,158 1,094
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 48.8 92.8 122 206 108 38.9
ROE (net income / shareholders' equity) 12% 11.4% 11.5% 14.3% 11.1% 6.88%
ROA (Net income/ Total Assets) 6.36% 6.07% 6.15% 6.42% 5.68% 3.18%
Assets 1 1,246 1,394 1,505 1,874 1,722 1,951
Book Value Per Share 2 16.10 18.00 19.10 19.80 20.80 20.90
Cash Flow per Share 2 20.30 22.90 23.60 26.90 27.20 25.50
Capex 1 11.7 2.02 4.59 5.67 1.59 0.37
Capex / Sales 2.91% 0.5% 1.09% 1.15% 0.34% 0.09%
Announcement Date 30/05/19 21/07/20 23/05/21 27/06/22 07/06/23 11/06/24
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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