Financials Asia Pacific General Insurance Company Limited

Equities

ASIAPACINS

BD0728APGI04

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 06:00:00 2024-07-10 pm EDT 5-day change 1st Jan Change
44.3 BDT -2.85% Intraday chart for Asia Pacific General Insurance Company Limited +2.31% -11.58%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,122 1,055 3,172 2,901 1,762 2,122
Enterprise Value (EV) 1 508.5 395.7 2,505 2,038 904.1 1,233
P/E ratio 16.9 x 14.3 x 38.1 x 29.4 x 17.6 x 24.2 x
Yield 3.77% 4.02% 1.34% 2.63% 3.61% 2.4%
Capitalization / Revenue 2.75 x 2.39 x 9.57 x 7.35 x 4 x 4.12 x
EV / Revenue 1.25 x 0.9 x 7.56 x 5.16 x 2.05 x 2.39 x
EV / EBITDA 4.57 x 3.54 x 20.5 x 11.3 x 5.91 x 9.66 x
EV / FCF 6.49 x 5.16 x 57.9 x 9.91 x 7.96 x 16.8 x
FCF Yield 15.4% 19.4% 1.73% 10.1% 12.6% 5.94%
Price to Book 1.4 x 1.27 x 3.63 x 3.12 x 1.85 x 2.17 x
Nbr of stocks (in thousands) 42,350 42,350 42,350 42,350 42,350 42,350
Reference price 2 26.50 24.90 74.90 68.50 41.60 50.10
Announcement Date 4/28/19 8/6/20 6/21/21 5/30/22 6/1/23 6/13/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 408.3 440.7 331.4 394.6 440.5 515.2
EBITDA 1 111.3 111.8 122.1 180.2 153.1 127.7
EBIT 1 101.9 102.8 113.2 171.6 148.6 119.8
Operating Margin 24.95% 23.33% 34.15% 43.49% 33.73% 23.26%
Earnings before Tax (EBT) 1 100.2 102.5 111.8 170.3 146.9 117.9
Net income 1 67.32 73.83 83.23 98.69 100.2 87.57
Net margin 16.49% 16.76% 25.12% 25.01% 22.74% 17%
EPS 2 1.566 1.743 1.965 2.330 2.365 2.068
Free Cash Flow 1 78.41 76.75 43.26 205.6 113.6 73.24
FCF margin 19.2% 17.42% 13.06% 52.11% 25.79% 14.22%
FCF Conversion (EBITDA) 70.45% 68.63% 35.43% 114.11% 74.19% 57.36%
FCF Conversion (Net income) 116.48% 103.95% 51.98% 208.35% 113.41% 83.63%
Dividend per Share 2 1.000 1.000 1.000 1.800 1.500 1.200
Announcement Date 4/28/19 8/6/20 6/21/21 5/30/22 6/1/23 6/13/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 614 659 667 863 858 889
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 78.4 76.8 43.3 206 114 73.2
ROE (net income / shareholders' equity) 8.4% 9.04% 9.75% 10.9% 10.6% 9.06%
ROA (Net income/ Total Assets) 4.68% 4.88% 5.59% 7.92% 6.41% 4.95%
Assets 1 1,438 1,514 1,488 1,246 1,562 1,771
Book Value Per Share 2 19.00 19.70 20.60 22.00 22.50 23.10
Cash Flow per Share 2 14.50 15.60 15.70 20.40 20.30 21.00
Capex 1 3.66 3.1 2.96 4.57 0.94 0.81
Capex / Sales 0.9% 0.7% 0.89% 1.16% 0.21% 0.16%
Announcement Date 4/28/19 8/6/20 6/21/21 5/30/22 6/1/23 6/13/24
1BDT in Million2BDT
Estimates
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