Financials Botswana Insurance Holdings Limited

Equities

BIHL

BW0000000033

Life & Health Insurance

End-of-day quote Botswana S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
20.25 BWP 0.00% Intraday chart for Botswana Insurance Holdings Limited +0.25% +1.20%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 5,211 4,941 4,941 4,941 4,941 5,001
Enterprise Value (EV) 1 5,027 4,829 4,801 4,719 4,813 4,616
P/E ratio 14.8 x 13 x 11.3 x 9.08 x 12.5 x 8.16 x
Yield 6.58% 7.26% 5.89% 6.97% 4.06% 9.37%
Capitalization / Revenue 1.71 x 1.61 x 1.36 x 1.5 x 1.46 x 1.28 x
EV / Revenue 1.65 x 1.58 x 1.32 x 1.44 x 1.42 x 1.19 x
EV / EBITDA 12.9 x 15.7 x 15.3 x 11.3 x 26.1 x 8.55 x
EV / FCF -3.84 x -15.9 x -5.96 x -24.8 x -5.83 x 17.7 x
FCF Yield -26% -6.27% -16.8% -4.03% -17.1% 5.64%
Price to Book 1.78 x 1.69 x 1.69 x 1.59 x 1.48 x 1.42 x
Nbr of stocks (in thousands) 281,071 282,371 282,371 282,371 282,371 282,371
Reference price 2 18.54 17.50 17.50 17.50 17.50 17.71
Announcement Date 6/7/18 6/3/19 6/5/20 6/4/21 5/30/22 6/8/23
1BWP in Million2BWP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3,039 3,060 3,646 3,285 3,386 3,892
EBITDA 1 388.3 308.3 314.5 416 184.3 539.9
EBIT 1 378.8 302 305.8 408.4 171.8 523.2
Operating Margin 12.46% 9.87% 8.39% 12.43% 5.07% 13.44%
Earnings before Tax (EBT) 1 424.4 462.2 537.2 666.2 476.6 758.8
Net income 1 349.1 370.7 436.9 532 388 608.3
Net margin 11.49% 12.11% 11.98% 16.19% 11.46% 15.63%
EPS 2 1.254 1.345 1.547 1.927 1.397 2.170
Free Cash Flow 1 -1,309 -302.8 -806.1 -190.4 -825.5 260.3
FCF margin -43.07% -9.89% -22.11% -5.8% -24.38% 6.69%
FCF Conversion (EBITDA) - - - - - 48.21%
FCF Conversion (Net income) - - - - - 42.79%
Dividend per Share 2 1.220 1.270 1.030 1.220 0.7100 1.660
Announcement Date 6/7/18 6/3/19 6/5/20 6/4/21 5/30/22 6/8/23
1BWP in Million2BWP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 184 113 141 223 128 385
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -1,309 -303 -806 -190 -825 260
ROE (net income / shareholders' equity) 11.8% 12.6% 15.1% 18% 12.3% 17.8%
ROA (Net income/ Total Assets) 1.58% 1.2% 1.18% 1.52% 0.61% 1.78%
Assets 1 22,088 30,815 36,923 34,988 63,600 34,084
Book Value Per Share 2 10.40 10.40 10.30 11.00 11.80 12.50
Cash Flow per Share 2 0.6500 0.4200 0.5700 0.8800 0.4900 1.420
Capex 1 9.3 6.27 419 240 139 45.7
Capex / Sales 0.31% 0.2% 11.5% 7.3% 4.09% 1.18%
Announcement Date 6/7/18 6/3/19 6/5/20 6/4/21 5/30/22 6/8/23
1BWP in Million2BWP
Estimates
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