Financials Arpico Insurance PLC

Equities

AINS.N0000

LK0434N00007

Life & Health Insurance

End-of-day quote Colombo S.E. 18:00:00 2024-05-08 EDT 5-day change 1st Jan Change
23.5 LKR 0.00% Intraday chart for Arpico Insurance PLC 0.00% +4.44%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,126 1,212 1,272 1,583 1,715 1,503
Enterprise Value (EV) 1 805.1 1,042 1,104 1,070 1,723 1,509
P/E ratio 5.47 x 2.43 x 5.6 x 7.89 x 7.25 x 41.5 x
Yield - - - - - -
Capitalization / Revenue 0.95 x 0.77 x 0.68 x 0.78 x 0.68 x 0.54 x
EV / Revenue 0.68 x 0.66 x 0.59 x 0.52 x 0.68 x 0.54 x
EV / EBITDA 3.69 x 4.76 x 3.08 x 3.28 x 4.43 x 11.1 x
EV / FCF 72.5 x 4.55 x 4.88 x 2.77 x 8.98 x 2.22 x
FCF Yield 1.38% 22% 20.5% 36.1% 11.1% 45.1%
Price to Book 1.21 x 0.85 x 0.77 x 0.85 x 0.83 x 0.78 x
Nbr of stocks (in thousands) 66,230 66,230 66,230 66,230 66,230 66,230
Reference price 2 17.00 18.30 19.20 23.90 25.90 22.70
Announcement Date 4/3/18 5/30/19 8/19/20 4/30/21 4/20/22 5/30/23
1LKR in Million2LKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,187 1,583 1,866 2,041 2,518 2,799
EBITDA 1 218.1 219 358.5 325.9 389.1 135.5
EBIT 1 206 198.8 335.2 300.5 361.2 109.7
Operating Margin 17.35% 12.56% 17.96% 14.72% 14.34% 3.92%
Earnings before Tax (EBT) 1 206 198.8 316.1 278.6 337.4 85.19
Net income 1 206 499.2 227.3 200.7 236.7 36.24
Net margin 17.35% 31.54% 12.18% 9.83% 9.4% 1.29%
EPS 2 3.111 7.537 3.431 3.030 3.574 0.5471
Free Cash Flow 1 11.1 229 226.5 386.3 191.8 680.3
FCF margin 0.93% 14.47% 12.14% 18.92% 7.62% 24.31%
FCF Conversion (EBITDA) 5.09% 104.61% 63.17% 118.52% 49.3% 502.21%
FCF Conversion (Net income) 5.39% 45.88% 99.66% 192.49% 81.05% 1,877.49%
Dividend per Share - - - - - -
Announcement Date 4/3/18 5/30/19 8/19/20 4/30/21 4/20/22 5/30/23
1LKR in Million2LKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - 7.43 5.59
Net Cash position 1 321 170 167 513 - -
Leverage (Debt/EBITDA) - - - - 0.0191 x 0.0413 x
Free Cash Flow 1 11.1 229 226 386 192 680
ROE (net income / shareholders' equity) 24.4% 42.2% 14.7% 11.4% 12% 1.82%
ROA (Net income/ Total Assets) 6.98% 4.87% 6.31% 4.8% 5.25% 1.52%
Assets 1 2,953 10,244 3,603 4,180 4,505 2,389
Book Value Per Share 2 14.10 21.60 25.10 28.10 31.30 28.90
Cash Flow per Share 2 4.840 2.570 4.460 10.10 2.270 2.560
Capex 1 47.8 25.6 20.4 24.3 26.6 43.4
Capex / Sales 4.03% 1.62% 1.09% 1.19% 1.06% 1.55%
Announcement Date 4/3/18 5/30/19 8/19/20 4/30/21 4/20/22 5/30/23
1LKR in Million2LKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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