Financials Lasco Financial Services Limited

Equities

LASF

JMP620981010

Business Support Services

End-of-day quote JAMAICA STOCK EXCHANGE 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
1.68 JMD +1.20% Intraday chart for Lasco Financial Services Limited +5.00% -13.40%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 6,197 5,691 3,315 5,038 4,494 3,175
Enterprise Value (EV) 1 7,247 7,119 4,583 5,325 4,588 3,247
P/E ratio 24.6 x 20.2 x -58.1 x 23.7 x 14.7 x 14.8 x
Yield - - - - - 2.02%
Capitalization / Revenue 3.88 x 2.58 x 1.32 x 2.22 x 1.81 x 1.41 x
EV / Revenue 4.54 x 3.23 x 1.83 x 2.35 x 1.84 x 1.45 x
EV / EBITDA 17.1 x 12.1 x 17.7 x 11.3 x 6.7 x 6.93 x
EV / FCF -9.29 x -17.9 x 11.4 x 10.9 x 14.8 x 9.15 x
FCF Yield -10.8% -5.58% 8.74% 9.16% 6.77% 10.9%
Price to Book 4.52 x 3.58 x 2.15 x 2.17 x 2.29 x 1.5 x
Nbr of stocks (in thousands) 1,264,694 1,264,694 1,270,094 1,737,094 1,280,228 1,280,228
Reference price 2 4.900 4.500 2.610 2.900 3.510 2.480
Announcement Date 5/31/18 5/31/19 7/15/20 6/16/21 5/31/22 5/30/23
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,595 2,205 2,504 2,265 2,487 2,246
EBITDA 1 422.7 588.2 258.5 472.6 684.9 468.8
EBIT 1 399.2 565.4 230.3 447.4 660 445.6
Operating Margin 25.02% 25.64% 9.2% 19.76% 26.53% 19.84%
Earnings before Tax (EBT) 1 335.4 396.6 21.97 260.4 493.1 329
Net income 1 254.3 281.8 -56.92 156.8 306.4 214
Net margin 15.94% 12.78% -2.27% 6.92% 12.32% 9.53%
EPS 2 0.1995 0.2228 -0.0449 0.1225 0.2393 0.1671
Free Cash Flow 1 -780.5 -397.5 400.3 487.7 310.7 355
FCF margin -48.92% -18.03% 15.99% 21.53% 12.49% 15.8%
FCF Conversion (EBITDA) - - 154.87% 103.2% 45.37% 75.71%
FCF Conversion (Net income) - - - 311.11% 101.4% 165.9%
Dividend per Share - - - - - 0.0500
Announcement Date 5/31/18 5/31/19 7/15/20 6/16/21 5/31/22 5/30/23
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,050 1,428 1,268 287 94.5 72.3
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.484 x 2.428 x 4.905 x 0.608 x 0.138 x 0.1543 x
Free Cash Flow 1 -780 -397 400 488 311 355
ROE (net income / shareholders' equity) 20.1% 19% -3.64% 9.68% 16.7% 10.5%
ROA (Net income/ Total Assets) 10.1% 9.71% 3.66% 6.77% 9.2% 6.04%
Assets 1 2,520 2,902 -1,553 2,316 3,330 3,543
Book Value Per Share 2 1.080 1.260 1.210 1.340 1.530 1.650
Cash Flow per Share 2 0.2900 0.2200 0.3800 0.8300 0.7500 0.7500
Capex 1 51.2 45 16.6 5.51 11.1 19.1
Capex / Sales 3.21% 2.04% 0.66% 0.24% 0.45% 0.85%
Announcement Date 5/31/18 5/31/19 7/15/20 6/16/21 5/31/22 5/30/23
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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