Financials Mercantile Islami Insurance PLC

Equities

MERCINS

BD0721MIC002

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 06:00:00 2024-07-03 pm EDT 5-day change 1st Jan Change
32.6 BDT +0.93% Intraday chart for Mercantile Islami Insurance PLC +2.52% -0.91%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 969.6 1,409 1,965 2,150 1,319 1,418
Enterprise Value (EV) 1 30.23 455.7 836.8 957.3 177.2 231.7
P/E ratio 20.3 x 22.9 x 27.1 x 24 x 15.7 x 28.5 x
Yield 4.44% 2.14% 2.19% 2% 3.27% 3.04%
Capitalization / Revenue 3.35 x 4.6 x 5.56 x 5.09 x 2.94 x 3.15 x
EV / Revenue 0.1 x 1.49 x 2.37 x 2.27 x 0.39 x 0.52 x
EV / EBITDA 0.46 x 5.52 x 8.53 x 7.65 x 1.58 x 4.17 x
EV / FCF 0.64 x 9.4 x 4.76 x 14.4 x -11.3 x 1.89 x
FCF Yield 155% 10.6% 21% 6.95% -8.83% 52.9%
Price to Book 1.25 x 1.78 x 2.39 x 2.45 x 1.47 x 1.67 x
Nbr of stocks (in thousands) 43,095 43,095 43,095 43,095 43,095 43,095
Reference price 2 22.50 32.70 45.60 49.90 30.60 32.90
Announcement Date 7/21/19 6/18/21 6/18/21 6/9/22 6/13/23 6/17/24
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 289.4 306.3 353.4 422.3 449 449.6
EBITDA 1 65.39 82.51 98.07 125.1 112.3 55.55
EBIT 1 60.23 77.89 94.1 120.4 111.1 49.1
Operating Margin 20.81% 25.43% 26.62% 28.51% 24.74% 10.92%
Earnings before Tax (EBT) 1 59.57 76.95 93.38 118.7 108.7 47.77
Net income 1 47.77 61.66 72.54 89.49 84.08 49.76
Net margin 16.5% 20.13% 20.52% 21.19% 18.73% 11.07%
EPS 2 1.108 1.431 1.683 2.077 1.951 1.155
Free Cash Flow 1 46.95 48.47 175.7 66.55 -15.66 122.6
FCF margin 16.22% 15.82% 49.72% 15.76% -3.49% 27.28%
FCF Conversion (EBITDA) 71.79% 58.74% 179.19% 53.22% - 220.81%
FCF Conversion (Net income) 98.29% 78.61% 242.26% 74.36% - 246.49%
Dividend per Share 2 1.000 0.7000 1.000 1.000 1.000 1.000
Announcement Date 7/21/19 6/18/21 6/18/21 6/9/22 6/13/23 6/17/24
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 939 954 1,128 1,193 1,141 1,186
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 46.9 48.5 176 66.5 -15.7 123
ROE (net income / shareholders' equity) 6.15% 7.89% 9.01% 10.5% 9.48% 5.7%
ROA (Net income/ Total Assets) 2.38% 2.47% 2.67% 3.23% 2.83% 1.23%
Assets 1 2,005 2,498 2,717 2,772 2,967 4,045
Book Value Per Share 2 18.00 18.30 19.10 20.40 20.80 19.80
Cash Flow per Share 2 21.80 22.20 26.20 27.70 26.80 27.70
Capex 1 4.4 0.85 0.87 7.61 18.6 1.8
Capex / Sales 1.52% 0.28% 0.24% 1.8% 4.15% 0.4%
Announcement Date 7/21/19 6/18/21 6/18/21 6/9/22 6/13/23 6/17/24
1BDT in Million2BDT
Estimates
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