Financials Sanlam Kenya Plc

Equities

SLAM

KE0000000414

Life & Health Insurance

End-of-day quote Nairobi S.E. 06:00:00 2024-07-14 pm EDT 5-day change 1st Jan Change
6 KES +1.69% Intraday chart for Sanlam Kenya Plc +5.63% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,168 2,477 1,865 1,663 1,380 864.1
Enterprise Value (EV) 1 3,987 4,131 2,828 3,058 3,902 3,552
P/E ratio -1.57 x 21.9 x -15.9 x -4.14 x -120 x -5.36 x
Yield - - - - - -
Capitalization / Revenue 0.53 x 0.28 x 0.2 x 0.13 x 0.13 x 0.12 x
EV / Revenue 0.67 x 0.46 x 0.3 x 0.25 x 0.35 x 0.48 x
EV / EBITDA -2.16 x 3.43 x 3.88 x 12.3 x 4.5 x 3.86 x
EV / FCF -0.36 x -4.06 x 13 x -1.55 x -2.76 x 2.9 x
FCF Yield -281% -24.6% 7.71% -64.6% -36.2% 34.4%
Price to Book 2.39 x 1.72 x 1.41 x 2.98 x 2.52 x 1.06 x
Nbr of stocks (in thousands) 144,015 144,015 144,015 144,015 144,015 144,015
Reference price 2 22.00 17.20 12.95 11.55 9.580 6.000
Announcement Date 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23 6/11/24
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,957 8,940 9,556 12,476 11,005 7,327
EBITDA 1 -1,849 1,205 728.9 247.8 866.4 920.8
EBIT 1 -1,894 1,112 650 162.6 787.3 856.1
Operating Margin -31.8% 12.44% 6.8% 1.3% 7.15% 11.68%
Earnings before Tax (EBT) 1 -2,129 550.1 43.28 -413.7 327.7 242.8
Net income 1 -2,017 113.3 -117 -401.3 -11.36 -161.1
Net margin -33.86% 1.27% -1.22% -3.22% -0.1% -2.2%
EPS 2 -14.01 0.7870 -0.8126 -2.790 -0.0800 -1.120
Free Cash Flow 1 -11,222 -1,017 218 -1,975 -1,414 1,223
FCF margin -188.39% -11.38% 2.28% -15.83% -12.85% 16.69%
FCF Conversion (EBITDA) - - 29.91% - - 132.78%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23 6/11/24
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 818 1,654 963 1,394 2,522 2,688
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -0.4427 x 1.372 x 1.321 x 5.627 x 2.911 x 2.919 x
Free Cash Flow 1 -11,222 -1,017 218 -1,975 -1,414 1,223
ROE (net income / shareholders' equity) -70.2% 6.89% -4.61% -63.7% -9.51% -13.6%
ROA (Net income/ Total Assets) -4.02% 2.39% 1.34% 0.31% 1.37% 1.48%
Assets 1 50,187 4,740 -8,727 -129,825 -828.9 -10,880
Book Value Per Share 2 9.220 10.00 9.190 3.880 3.800 5.640
Cash Flow per Share 2 18.60 8.300 14.90 11.90 11.40 14.20
Capex 1 125 154 35.2 24.3 22.2 17.5
Capex / Sales 2.09% 1.72% 0.37% 0.19% 0.2% 0.24%
Announcement Date 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23 6/11/24
1KES in Million2KES
Estimates
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