Financials Seylan Developments PLC

Equities

CSD.N0000

LK0234N00001

Real Estate Development & Operations

End-of-day quote Colombo S.E. 06:00:00 2024-07-15 pm EDT 5-day change 1st Jan Change
17.1 LKR +3.64% Intraday chart for Seylan Developments PLC +3.64% +18.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,628 1,702 2,131 2,663 1,746 2,131
Enterprise Value (EV) 1 1,514 1,631 2,053 2,457 1,518 1,840
P/E ratio 6.38 x 8.82 x 8.19 x 7.59 x 7.31 x 6.02 x
Yield 9.09% 9.57% 8.33% 7.78% 10.2% 6.94%
Capitalization / Revenue 5.58 x 5.75 x 6.32 x 7.61 x 4.43 x 5.41 x
EV / Revenue 5.2 x 5.51 x 6.09 x 7.02 x 3.86 x 4.67 x
EV / EBITDA 7.17 x 8.11 x 8.16 x 9.15 x 5.18 x 6.8 x
EV / FCF 15.1 x 14.6 x 31.6 x 11.7 x 5.98 x 9.6 x
FCF Yield 6.62% 6.85% 3.16% 8.58% 16.7% 10.4%
Price to Book 0.33 x 0.34 x 0.42 x 0.51 x 0.33 x 0.39 x
Nbr of stocks (in thousands) 147,965 147,965 147,965 147,965 147,965 147,965
Reference price 2 11.00 11.50 14.40 18.00 11.80 14.40
Announcement Date 3/5/19 3/5/20 3/5/21 3/7/22 3/8/23 5/31/24
1LKR in Million2LKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 291.5 295.8 337.3 350 393.7 393.8
EBITDA 1 211.1 201 251.7 268.7 292.9 270.5
EBIT 1 210.3 200.1 250.7 267.6 291.7 269.3
Operating Margin 72.13% 67.65% 74.33% 76.46% 74.1% 68.38%
Earnings before Tax (EBT) 1 325.9 255.8 333.8 325.8 527.6 445.3
Net income 1 255 193 260.2 350.8 239 353.8
Net margin 87.5% 65.24% 77.15% 100.24% 60.7% 89.85%
EPS 2 1.724 1.304 1.759 2.371 1.615 2.391
Free Cash Flow 1 100.3 111.7 64.95 210.8 253.7 191.6
FCF margin 34.4% 37.75% 19.26% 60.23% 64.45% 48.66%
FCF Conversion (EBITDA) 47.49% 55.55% 25.8% 78.46% 86.62% 70.83%
FCF Conversion (Net income) 39.32% 57.86% 24.96% 60.09% 106.18% 54.16%
Dividend per Share 2 1.000 1.100 1.200 1.400 1.200 1.000
Announcement Date 3/5/19 3/5/20 3/5/21 3/7/22 3/8/23 5/31/24
1LKR in Million2LKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 113 70.7 77.2 206 228 290
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 100 112 65 211 254 192
ROE (net income / shareholders' equity) 5.23% 3.89% 5.16% 6.76% 4.52% 6.58%
ROA (Net income/ Total Assets) 2.36% 2.19% 2.68% 2.79% 2.93% 2.61%
Assets 1 10,799 8,813 9,709 12,572 8,146 13,574
Book Value Per Share 2 33.30 33.70 34.50 35.60 35.70 37.00
Cash Flow per Share 2 0.7300 0.4300 0.4700 1.400 1.760 1.980
Capex - 1.09 0.23 0.76 0.27 0.3
Capex / Sales - 0.37% 0.07% 0.22% 0.07% 0.08%
Announcement Date 3/5/19 3/5/20 3/5/21 3/7/22 3/8/23 5/31/24
1LKR in Million2LKR
Estimates
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