Financials Bayan Sulu

Equities

BSUL

KZ1C00000165

Food Processing

End-of-day quote Kazakhstan S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
441.5 KZT 0.00% Intraday chart for Bayan Sulu 0.00% 0.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 12,951 13,340 13,340 13,340 13,331 13,353
Enterprise Value (EV) 1 13,731 15,109 14,334 11,871 13,846 19,105
P/E ratio 5.74 x 10.1 x 9.91 x 4.76 x 6.8 x 2.91 x
Yield - - - 2.68% - -
Capitalization / Revenue 0.35 x 0.4 x 0.39 x 0.3 x 0.48 x 0.27 x
EV / Revenue 0.37 x 0.45 x 0.42 x 0.26 x 0.5 x 0.39 x
EV / EBITDA 3.23 x 4.49 x 3.62 x 2.18 x 3.32 x 2.53 x
EV / FCF -11.1 x -107 x 8.72 x 7.55 x -12.5 x -6.73 x
FCF Yield -9.02% -0.93% 11.5% 13.2% -7.97% -14.9%
Price to Book 0.71 x 0.7 x 0.66 x 0.59 x 0.55 x 0.5 x
Nbr of stocks (in thousands) 44,660 44,660 44,660 44,660 44,660 44,660
Reference price 2 290.0 298.7 298.7 298.7 298.5 299.0
Announcement Date 5/31/18 6/21/19 6/24/20 6/30/21 5/13/22 5/30/23
1KZT in Million2KZT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 37,278 33,211 34,304 44,875 27,625 48,831
EBITDA 1 4,248 3,368 3,964 5,446 4,169 7,551
EBIT 1 3,320 2,339 2,730 4,236 2,994 6,340
Operating Margin 8.9% 7.04% 7.96% 9.44% 10.84% 12.98%
Earnings before Tax (EBT) 1 2,665 1,677 1,725 3,288 2,055 5,388
Net income 1 2,258 1,315 1,346 2,801 1,962 4,592
Net margin 6.06% 3.96% 3.92% 6.24% 7.1% 9.4%
EPS 2 50.56 29.45 30.13 62.72 43.93 102.8
Free Cash Flow 1 -1,238 -140.6 1,644 1,572 -1,104 -2,839
FCF margin -3.32% -0.42% 4.79% 3.5% -4% -5.81%
FCF Conversion (EBITDA) - - 41.49% 28.86% - -
FCF Conversion (Net income) - - 122.2% 56.11% - -
Dividend per Share - - - 8.000 - -
Announcement Date 5/31/18 6/21/19 6/24/20 6/30/21 5/13/22 5/30/23
1KZT in Million2KZT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 779 1,769 995 - 515 5,752
Net Cash position 1 - - - 1,469 - -
Leverage (Debt/EBITDA) 0.1834 x 0.5254 x 0.2509 x - 0.1235 x 0.7617 x
Free Cash Flow 1 -1,238 -141 1,644 1,572 -1,104 -2,839
ROE (net income / shareholders' equity) 13.1% 7.04% 6.87% 13.2% 8.41% 18.1%
ROA (Net income/ Total Assets) 6.49% 4.2% 4.3% 5.9% 4.06% 7.77%
Assets 1 34,807 31,319 31,277 47,485 48,305 59,125
Book Value Per Share 2 408.0 428.0 449.0 504.0 540.0 594.0
Cash Flow per Share 2 233.0 232.0 321.0 364.0 334.0 317.0
Capex 1 2,821 1,141 351 2,008 394 322
Capex / Sales 7.57% 3.43% 1.02% 4.47% 1.43% 0.66%
Announcement Date 5/31/18 6/21/19 6/24/20 6/30/21 5/13/22 5/30/23
1KZT in Million2KZT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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