Financials Bowler Metcalf Limited

Equities

BCF

ZAE000030797

Commodity Chemicals

End-of-day quote Johannesburg S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
11 ZAR -5.58% Intraday chart for Bowler Metcalf Limited +1.76% +15.79%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 791.6 518.8 506.4 676.3 670.5 703.5
Enterprise Value (EV) 1 588.7 125.6 117.4 429.7 494.1 498.6
P/E ratio 5.7 x 2.62 x 6.51 x 7.35 x 8.3 x 10.1 x
Yield 4.31% 5.88% 6.43% 5.49% 4.81% 4.04%
Capitalization / Revenue 1.37 x 0.96 x 0.91 x 1.06 x 1 x 0.98 x
EV / Revenue 1.02 x 0.23 x 0.21 x 0.68 x 0.73 x 0.7 x
EV / EBITDA 5.45 x 1.55 x 1.11 x 3.31 x 4.25 x 5.39 x
EV / FCF -2.28 x 0.35 x 2.13 x 21.6 x -15.6 x 10 x
FCF Yield -43.8% 283% 47% 4.63% -6.43% 9.96%
Price to Book 1.04 x 0.79 x 0.77 x 0.92 x 0.96 x 0.94 x
Nbr of stocks (in thousands) 81,191 76,294 70,048 72,252 69,482 70,350
Reference price 2 9.750 6.800 7.230 9.360 9.650 10.00
Announcement Date 9/26/18 9/20/19 9/21/20 9/17/21 9/16/22 9/5/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 577.3 542.1 558.7 635.5 673.1 717
EBITDA 1 108.1 80.89 105.6 130 116.4 92.52
EBIT 1 95.75 63.6 89.9 111.2 100.1 72.84
Operating Margin 16.59% 11.73% 16.09% 17.5% 14.87% 10.16%
Earnings before Tax (EBT) 1 109 100.1 115.3 126.8 114.4 92.38
Net income 1 140.3 211.9 82.49 91.48 82.69 68.7
Net margin 24.3% 39.09% 14.76% 14.4% 12.28% 9.58%
EPS 2 1.711 2.594 1.110 1.273 1.162 0.9900
Free Cash Flow 1 -257.8 355.5 55.12 19.91 -31.77 49.67
FCF margin -44.65% 65.58% 9.87% 3.13% -4.72% 6.93%
FCF Conversion (EBITDA) - 439.5% 52.22% 15.32% - 53.68%
FCF Conversion (Net income) - 167.77% 66.82% 21.77% - 72.3%
Dividend per Share 2 0.4202 0.4000 0.4650 0.5140 0.4640 0.4040
Announcement Date 9/26/18 9/20/19 9/21/20 9/17/21 9/16/22 9/5/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 203 393 389 247 176 205
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -258 356 55.1 19.9 -31.8 49.7
ROE (net income / shareholders' equity) 11% 9.96% 12.1% 12.9% 11.5% 9.59%
ROA (Net income/ Total Assets) 7.29% 4.85% 7.39% 8.72% 7.65% 5.51%
Assets 1 1,926 4,368 1,117 1,049 1,081 1,246
Book Value Per Share 2 9.340 8.580 9.430 10.20 10.00 10.60
Cash Flow per Share 2 2.470 4.840 5.280 3.460 2.570 3.020
Capex 1 24 20.7 13.5 72.3 27.2 39.9
Capex / Sales 4.15% 3.82% 2.41% 11.38% 4.04% 5.56%
Announcement Date 9/26/18 9/20/19 9/21/20 9/17/21 9/16/22 9/5/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. BCF Stock
  4. Financials Bowler Metcalf Limited