Financials Meghna Insurance Company Limited

Equities

MEGHNAINS

BD0754MICL05

End-of-day quote Dhaka S.E. 18:00:00 2024-06-12 EDT 5-day change 1st Jan Change
25.7 BDT +1.58% Intraday chart for Meghna Insurance Company Limited -7.22% -31.28%

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 1,712 1,496
Enterprise Value (EV) 1 1,610 1,435
P/E ratio 9 x 3,521 x
Yield 2.34% 2.67%
Capitalization / Revenue 1.86 x 1.91 x
EV / Revenue 1.75 x 1.83 x
EV / EBITDA 8.32 x 32.8 x
EV / FCF -5.05 x 34.4 x
FCF Yield -19.8% 2.91%
Price to Book 2.98 x 2.56 x
Nbr of stocks (in thousands) 40,000 40,000
Reference price 2 42.80 37.40
Announcement Date 4/16/23 4/24/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 319.2 450.1 510.5 628.2 921.3 783.9
EBITDA 1 38.1 38.04 27.49 80.27 193.6 43.68
EBIT 1 30.53 31.59 20.17 67.52 175.5 23.17
Operating Margin 9.57% 7.02% 3.95% 10.75% 19.05% 2.96%
Earnings before Tax (EBT) 1 17.11 18.73 11.91 64.25 180.7 24.99
Net income 1 16.38 17.85 7.577 59.76 158.7 0.4249
Net margin 5.13% 3.97% 1.48% 9.51% 17.23% 0.05%
EPS 2 2.016 2.226 0.9549 2.757 4.754 0.0106
Free Cash Flow 1 -18.72 29.79 60.88 -22.36 -318.6 41.7
FCF margin -5.87% 6.62% 11.92% -3.56% -34.58% 5.32%
FCF Conversion (EBITDA) - 78.33% 221.45% - - 95.47%
FCF Conversion (Net income) - 166.86% 803.47% - - 9,814.93%
Dividend per Share - - - 0.3000 1.000 1.000
Announcement Date 9/9/19 8/10/20 8/10/21 4/16/23 4/16/23 4/24/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 66.1 - - - - -
Net Cash position 1 - 17.6 79 217 102 61.2
Leverage (Debt/EBITDA) 1.734 x - - - - -
Free Cash Flow 1 -18.7 29.8 60.9 -22.4 -319 41.7
ROE (net income / shareholders' equity) 9.56% 9.49% 3.75% 20.1% 33% 0.07%
ROA (Net income/ Total Assets) 2.77% 2.64% 1.45% 3.91% 8.46% 1.06%
Assets 1 591 677.1 521.3 1,528 1,877 40.05
Book Value Per Share 2 22.60 24.80 26.00 17.90 14.40 14.60
Cash Flow per Share 2 5.500 14.70 18.20 10.80 2.910 1.820
Capex 1 3.09 1.62 44.2 9.99 80.1 9.2
Capex / Sales 0.97% 0.36% 8.66% 1.59% 8.7% 1.17%
Announcement Date 9/9/19 8/10/20 8/10/21 4/16/23 4/16/23 4/24/24
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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