Financials Trust Bank Limited

Equities

TRUSTBANK

BD0145TRSTB2

Banks

End-of-day quote Dhaka S.E. 23:00:00 08/05/2024 BST 5-day change 1st Jan Change
29.5 BDT +1.03% Intraday chart for Trust Bank Limited -0.34% -6.94%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18,101 16,787 21,486 23,564 27,166 27,142
Enterprise Value (EV) 1 7,580 -5,041 -25,018 30,078 30,526 40,556
P/E ratio 9.71 x 8.24 x 11.9 x 8.6 x 9.3 x 6.38 x
Yield - 1.82% 2.99% 3.75% 2.87% -
Capitalization / Revenue 2.23 x 1.92 x 2.4 x 1.97 x 2.08 x 2.14 x
EV / Revenue 0.93 x -0.58 x -2.79 x 2.52 x 2.34 x 3.19 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.37 x 1.1 x 1.24 x 1.27 x 1.35 x 1.17 x
Nbr of stocks (in thousands) 856,227 856,227 856,227 856,227 856,227 856,227
Reference price 2 21.14 19.61 25.09 27.52 31.73 31.70
Announcement Date 09/05/19 29/07/20 29/06/21 05/05/22 03/05/23 07/05/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 8,109 8,755 8,956 11,957 13,068 12,712
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 4,111 4,735 4,381 5,077 6,828 6,247
Net income 1 1,864 2,037 1,802 2,740 2,921 4,253
Net margin 22.98% 23.26% 20.12% 22.92% 22.35% 33.46%
EPS 2 2.177 2.379 2.105 3.201 3.411 4.970
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 0.3578 0.7513 1.033 0.9091 -
Announcement Date 09/05/19 29/07/20 29/06/21 05/05/22 03/05/23 07/05/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - 6,514 3,360 13,414
Net Cash position 1 10,521 21,828 46,504 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 14.5% 14.3% 10.9% 14.7% 14.5% 19.2%
ROA (Net income/ Total Assets) 0.74% 0.73% 0.55% 0.74% 0.71% 0.95%
Assets 1 251,223 278,765 327,117 371,835 409,400 448,045
Book Value Per Share 2 15.40 17.80 20.30 21.70 23.50 27.00
Cash Flow per Share 2 16.30 27.30 27.10 28.60 43.00 25.70
Capex 1 96.5 99.4 403 301 277 241
Capex / Sales 1.19% 1.14% 4.5% 2.51% 2.12% 1.9%
Announcement Date 09/05/19 29/07/20 29/06/21 05/05/22 03/05/23 07/05/24
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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