Financials National Investment Company Limited

Equities

NICO

TZ1996103077

Diversified Investment Services

End-of-day quote Tanzania S.E. 06:00:00 2024-05-27 pm EDT 5-day change 1st Jan Change
790 TZS -1.25% Intraday chart for National Investment Company Limited -1.25% +58.00%

Valuation

Fiscal Period: December 2018 2019 2020
Capitalization 1 10,217 6,622 7,001
Enterprise Value (EV) 1 10,002 6,550 6,232
P/E ratio 6.14 x 293 x 8.49 x
Yield 2.22% 3.43% 5.41%
Capitalization / Revenue 7.32 x 2.66 x 1.97 x
EV / Revenue 7.17 x 2.63 x 1.75 x
EV / EBITDA 4.67 x -405 x 3.64 x
EV / FCF -3.15 x -8.79 x -49.6 x
FCF Yield -31.7% -11.4% -2.02%
Price to Book 0.12 x 0.15 x 0.15 x
Nbr of stocks (in thousands) 37,841 37,841 37,841
Reference price 2 270.0 175.0 185.0
Announcement Date 10/23/19 7/23/21 7/23/21
1TZS in Million2TZS
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020
Net sales 1 1,935 1,396 2,492 3,559
EBITDA 1 -2,042 2,140 -16.16 1,710
EBIT 1 -2,454 1,651 -73.33 1,683
Operating Margin -126.81% 118.32% -2.94% 47.3%
Earnings before Tax (EBT) 1 1,182 4,183 167.4 1,683
Net income 1 1,254 3,061 41.37 1,508
Net margin 64.8% 219.32% 1.66% 42.38%
EPS 2 33.00 44.00 0.5982 21.80
Free Cash Flow 1 3,418 -3,174 -745.2 -125.7
FCF margin 176.62% -227.44% -29.9% -3.53%
FCF Conversion (EBITDA) - - - -
FCF Conversion (Net income) 272.56% - - -
Dividend per Share 2 26.00 6.000 6.000 10.00
Announcement Date 3/23/18 10/23/19 7/23/21 7/23/21
1TZS in Million2TZS
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020
Net Debt 1 - - - -
Net Cash position 1 642 215 72.6 769
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 3,418 -3,174 -745 -126
ROE (net income / shareholders' equity) 1.07% 4.44% 0.05% 1.82%
ROA (Net income/ Total Assets) -1.42% 1.03% -0.05% 1.24%
Assets 1 -88,318 298,096 -80,963 121,932
Book Value Per Share 2 2,572 2,267 1,195 1,198
Cash Flow per Share 2 42.60 16.20 1.050 11.10
Capex 1 432 1,732 18.5 13.4
Capex / Sales 22.34% 124.08% 0.74% 0.38%
Announcement Date 3/23/18 10/23/19 7/23/21 7/23/21
1TZS in Million2TZS
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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