Financials Lasco Manufacturing Limited

Equities

LASM

JMP620991092

Food Processing

End-of-day quote JAMAICA STOCK EXCHANGE 18:00:00 2024-05-14 EDT 5-day change 1st Jan Change
5.38 JMD +5.28% Intraday chart for Lasco Manufacturing Limited -3.06% +24.83%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 16,839 14,728 12,351 18,598 22,938 18,391
Enterprise Value (EV) 1 18,189 15,114 11,944 17,341 20,457 14,666
P/E ratio 30.2 x 13.7 x 12.6 x 13.6 x 13.4 x 8.83 x
Yield 0.92% 1.7% 2.03% 1.61% 1.8% 2.7%
Capitalization / Revenue 2.53 x 1.95 x 1.57 x 2.26 x 2.42 x 1.64 x
EV / Revenue 2.73 x 2 x 1.51 x 2.11 x 2.16 x 1.3 x
EV / EBITDA 16.9 x 10.2 x 7.73 x 8.4 x 8.26 x 5.1 x
EV / FCF -48.4 x 20.5 x 14 x 23.7 x 17.6 x 9.98 x
FCF Yield -2.07% 4.87% 7.15% 4.23% 5.68% 10%
Price to Book 3.42 x 2.52 x 1.83 x 2.35 x 2.45 x 1.66 x
Nbr of stocks (in thousands) 4,087,130 4,091,163 4,130,913 4,132,913 4,132,913 4,132,913
Reference price 2 4.120 3.600 2.990 4.500 5.550 4.450
Announcement Date 5/30/18 5/30/19 7/29/20 5/28/21 5/27/22 5/29/23
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 6,660 7,566 7,886 8,218 9,481 11,243
EBITDA 1 1,076 1,487 1,544 2,064 2,478 2,876
EBIT 1 859.7 1,257 1,272 1,793 2,196 2,605
Operating Margin 12.91% 16.62% 16.13% 21.82% 23.16% 23.17%
Earnings before Tax (EBT) 1 729.1 1,150 1,199 1,756 2,176 2,666
Net income 1 560.6 1,077 981.7 1,380 1,707 2,082
Net margin 8.42% 14.23% 12.45% 16.79% 18.01% 18.52%
EPS 2 0.1366 0.2624 0.2367 0.3320 0.4131 0.5037
Free Cash Flow 1 -375.9 735.7 853.7 732.7 1,162 1,469
FCF margin -5.64% 9.72% 10.82% 8.92% 12.26% 13.07%
FCF Conversion (EBITDA) - 49.48% 55.28% 35.5% 46.9% 51.1%
FCF Conversion (Net income) - 68.33% 86.96% 53.11% 68.05% 70.58%
Dividend per Share 2 0.0380 0.0611 0.0607 0.0726 0.1000 0.1200
Announcement Date 5/30/18 5/30/19 7/29/20 5/28/21 5/27/22 5/29/23
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,350 386 - - - -
Net Cash position 1 - - 407 1,257 2,481 3,726
Leverage (Debt/EBITDA) 1.256 x 0.2595 x - - - -
Free Cash Flow 1 -376 736 854 733 1,162 1,469
ROE (net income / shareholders' equity) 12% 20% 15.6% 18.8% 19.8% 20.4%
ROA (Net income/ Total Assets) 7.26% 9.52% 8.58% 10.9% 12% 12.6%
Assets 1 7,719 11,312 11,438 12,675 14,256 16,499
Book Value Per Share 2 1.200 1.430 1.630 1.910 2.260 2.690
Cash Flow per Share 2 0.0500 0.2200 0.3300 0.4500 0.4900 0.5400
Capex 1 342 588 196 251 18.8 33.4
Capex / Sales 5.13% 7.78% 2.48% 3.05% 0.2% 0.3%
Announcement Date 5/30/18 5/30/19 7/29/20 5/28/21 5/27/22 5/29/23
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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