Financials Singer Bangladesh Limited

Equities

SINGERBD

BD0211SINGR7

Appliances, Tools & Housewares

End-of-day quote Dhaka S.E. 06:00:00 2024-07-10 pm EDT 5-day change 1st Jan Change
129.5 BDT +0.54% Intraday chart for Singer Bangladesh Limited -2.70% -14.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,986 17,508 16,940 15,145 15,145 12,912 - -
Enterprise Value (EV) 1 20,833 20,377 21,410 21,936 24,146 12,912 12,912 12,912
P/E ratio 17.4 x 22.4 x 32.7 x 208 x 29 x 27 x 23.1 x 20.2 x
Yield 4.27% 1.71% 3.53% - 2.3% 0.77% 0.85% 1%
Capitalization / Revenue 1.16 x 1.16 x 1.07 x 0.89 x 0.89 x 0.71 x 0.65 x 0.59 x
EV / Revenue 1.16 x 1.16 x 1.07 x 0.89 x 0.89 x 0.71 x 0.65 x 0.59 x
EV / EBITDA 7.77 x 9.62 x 9.84 x 10.1 x - 7.63 x 6.69 x 6.12 x
EV / FCF 14.7 x 21.9 x -6.71 x 10.2 x -15.8 x 10.7 x 17.2 x 31 x
FCF Yield 6.82% 4.56% -14.9% 9.79% -6.32% 9.33% 5.82% 3.22%
Price to Book 5.63 x 5.46 x 4.99 x 5.07 x 4.46 x 3.42 x 3.05 x 2.73 x
Nbr of stocks (in thousands) 99,703 99,703 99,703 99,703 99,703 99,703 - -
Reference price 2 180.4 175.6 169.9 151.9 151.9 129.5 129.5 129.5
Announcement Date 4/28/20 1/25/21 3/30/22 3/29/23 4/2/24 - - -
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 15,485 15,046 15,813 17,097 17,033 18,146 19,862 21,849
EBITDA 1 2,314 1,820 1,722 1,502 - 1,693 1,931 2,109
EBIT 1 1,951 1,594 1,298 942.6 1,478 1,547 1,772 1,935
Operating Margin 12.6% 10.6% 8.21% 5.51% 8.68% 8.53% 8.92% 8.86%
Earnings before Tax (EBT) 1 1,470 1,092 875.9 378.1 832 664 766 875
Net income 1 1,032 782.4 518.5 73.11 522.1 482 555 634
Net margin 6.66% 5.2% 3.28% 0.43% 3.07% 2.66% 2.79% 2.9%
EPS 2 10.35 7.850 5.200 0.7300 5.240 4.800 5.600 6.400
Free Cash Flow 1 1,226 798.5 -2,525 1,482 -957.5 1,205 751 416
FCF margin 7.92% 5.31% -15.97% 8.67% -5.62% 6.64% 3.78% 1.9%
FCF Conversion (EBITDA) 52.98% 43.88% - 98.68% - 71.18% 38.89% 19.72%
FCF Conversion (Net income) 118.83% 102.06% - 2,027.18% - 250% 135.32% 65.62%
Dividend per Share 2 7.700 3.000 6.000 - 3.500 1.000 1.100 1.300
Announcement Date 4/28/20 1/25/21 3/30/22 3/29/23 4/2/24 - - -
1BDT in Million2BDT
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q3
Net sales 1 3,362
EBITDA -
EBIT 1 251.2
Operating Margin 7.47%
Earnings before Tax (EBT) 1 93.37
Net income 1 87.67
Net margin 2.61%
EPS -
Dividend per Share -
Announcement Date 10/31/23
1BDT in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 2,846 2,869 4,471 6,791 9,002 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 1.23 x 1.577 x 2.596 x 4.522 x - - - -
Free Cash Flow 1 1,226 798 -2,525 1,482 -957 1,205 751 416
ROE (net income / shareholders' equity) 37.5% 24.4% 15.1% 2.3% 16.4% - - -
ROA (Net income/ Total Assets) 11% 7.54% 4.57% 0.52% 3.01% 2% 3% 3%
Assets 1 9,409 10,378 11,355 14,016 17,350 24,100 18,500 21,133
Book Value Per Share 2 32.00 32.20 34.10 30.00 34.00 37.90 42.40 47.40
Cash Flow per Share - - - - 22.80 - - -
Capex 1 129 107 394 331 3,226 544 397 437
Capex / Sales 0.83% 0.71% 2.49% 1.94% 18.94% 3% 2% 2%
Announcement Date 4/28/20 1/25/21 3/30/22 3/29/23 4/2/24 - - -
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
129.5 BDT
Average target price
119 BDT
Spread / Average Target
-8.11%
Consensus

Annual profits - Rate of surprise

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