Financials NIC Holdings Limited

Equities

NIC

UG0000000758

Multiline Insurance & Brokers

End-of-day quote UGANDA SECURITIES EXCHANGE 06:00:00 2024-07-01 pm EDT 5-day change 1st Jan Change
5 UGX 0.00% Intraday chart for NIC Holdings Limited -16.67% -23.08%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 16,989 19,821 14,158 12,742 10,831 7,079
Enterprise Value (EV) 1 21,679 18,642 12,009 12,869 11,581 18,307
P/E ratio 8.52 x -10.4 x -5.15 x 6.67 x 2.27 x 2.51 x
Yield 8.33% - - - - 20%
Capitalization / Revenue 1.34 x 1.3 x 0.97 x 0.78 x 0.53 x 0.28 x
EV / Revenue 1.71 x 1.22 x 0.82 x 0.78 x 0.57 x 0.74 x
EV / EBITDA -11.9 x -5.5 x -2.16 x 35.7 x 4.28 x 5.87 x
EV / FCF -1.08 x 11.6 x -0.9 x -2.73 x 0.33 x 4.03 x
FCF Yield -92.4% 8.65% -112% -36.6% 300% 24.8%
Price to Book 0.44 x 0.56 x 0.43 x 0.36 x 0.19 x 0.24 x
Nbr of stocks (in thousands) 2,123,670 2,123,670 2,123,670 2,123,670 2,123,670 1,415,780
Reference price 2 8.000 9.333 6.667 6.000 5.100 5.000
Announcement Date 5/10/18 4/30/19 8/6/20 5/27/21 7/13/22 6/20/23
1UGX in Million2UGX
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 12,708 15,257 14,661 16,420 20,480 24,855
EBITDA 1 -1,828 -3,390 -5,558 360.1 2,707 3,118
EBIT 1 -1,952 -3,540 -5,806 33 2,367 2,749
Operating Margin -15.36% -23.2% -39.6% 0.2% 11.56% 11.06%
Earnings before Tax (EBT) 1 2,741 -2,997 -2,545 2,709 4,674 3,807
Net income 1 1,995 -1,911 -2,748 1,909 3,185 4,222
Net margin 15.7% -12.53% -18.74% 11.63% 15.55% 16.99%
EPS 2 0.9394 -0.9000 -1.294 0.8989 2.249 1.990
Free Cash Flow 1 -20,038 1,613 -13,416 -4,713 34,757 4,539
FCF margin -157.68% 10.57% -91.51% -28.7% 169.71% 18.26%
FCF Conversion (EBITDA) - - - - 1,283.78% 145.58%
FCF Conversion (Net income) - - - - 1,091.39% 107.51%
Dividend per Share 2 0.6667 - - - - 1.000
Announcement Date 5/10/18 4/30/19 8/6/20 5/27/21 7/13/22 6/20/23
1UGX in Million2UGX
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 4,690 - - 127 751 11,228
Net Cash position 1 - 1,179 2,148 - - -
Leverage (Debt/EBITDA) -2.565 x - - 0.3529 x 0.2772 x 3.601 x
Free Cash Flow 1 -20,038 1,613 -13,416 -4,713 34,757 4,539
ROE (net income / shareholders' equity) 5.39% -5.25% -8% 5.57% 8.6% 10.1%
ROA (Net income/ Total Assets) -1.18% -2.11% -3.7% 0.02% 1.41% 1.48%
Assets 1 -169,414 90,699 74,194 9,133,837 225,369 285,289
Book Value Per Share 2 18.20 16.70 15.60 16.60 27.30 21.20
Cash Flow per Share 2 0.2600 0.5600 1.220 0.5500 0.4300 0.5300
Capex 1 73.8 479 302 415 3,583 40.9
Capex / Sales 0.58% 3.14% 2.06% 2.53% 17.5% 0.16%
Announcement Date 5/10/18 4/30/19 8/6/20 5/27/21 7/13/22 6/20/23
1UGX in Million2UGX
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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