Financials Prime Insurance Company Limited

Equities

PRIMEINSUR

BD0719PICL06

Multiline Insurance & Brokers

End-of-day quote Dhaka S.E. 06:00:00 2024-06-01 pm EDT 5-day change 1st Jan Change
34.4 BDT -0.58% Intraday chart for Prime Insurance Company Limited -6.78% -58.45%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 784.8 560 1,063 2,011 3,327 3,385
Enterprise Value (EV) 1 570.4 414.3 767.8 1,530 2,870 2,799
P/E ratio 8.85 x 12.2 x 60.8 x 37.6 x 40.5 x 34.8 x
Yield 7.81% 7.3% - 2.03% 1.84% 1.21%
Capitalization / Revenue 1.9 x 1.84 x 3.94 x 5.74 x 6.68 x 4.63 x
EV / Revenue 1.38 x 1.36 x 2.84 x 4.37 x 5.76 x 3.83 x
EV / EBITDA 4.56 x 4.63 x 8.23 x 13.5 x 25.8 x 14.9 x
EV / FCF 3.01 x 22.5 x 3.21 x 4.8 x 290 x 71.5 x
FCF Yield 33.3% 4.44% 31.1% 20.8% 0.35% 1.4%
Price to Book 1.11 x 0.81 x 1.59 x 2.79 x 4.37 x 4.24 x
Nbr of stocks (in thousands) 40,877 40,877 40,877 40,877 40,877 40,877
Reference price 2 19.20 13.70 26.00 49.20 81.40 82.80
Announcement Date 3/15/18 3/15/19 3/15/20 3/11/21 7/22/22 9/4/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 412.8 304.7 269.9 350.5 498.2 731.2
EBITDA 1 125.1 89.45 93.33 113.5 111 187.3
EBIT 1 113 78.77 84.25 103 94.69 153.8
Operating Margin 27.36% 25.85% 31.21% 29.39% 19.01% 21.03%
Earnings before Tax (EBT) 1 110.7 78.53 84.86 109.1 92.46 150.5
Net income 1 88.72 45.87 17.49 53.51 82.12 97.17
Net margin 21.49% 15.05% 6.48% 15.27% 16.48% 13.29%
EPS 2 2.170 1.122 0.4278 1.309 2.009 2.377
Free Cash Flow 1 189.7 18.39 238.9 318.6 9.913 39.17
FCF margin 45.95% 6.04% 88.49% 90.91% 1.99% 5.36%
FCF Conversion (EBITDA) 151.63% 20.56% 255.94% 280.6% 8.93% 20.91%
FCF Conversion (Net income) 213.81% 40.09% 1,365.82% 595.37% 12.07% 40.31%
Dividend per Share 2 1.500 1.000 - 1.000 1.500 1.000
Announcement Date 3/15/18 3/15/19 3/15/20 3/11/21 7/22/22 9/4/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 214 146 295 481 458 586
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 190 18.4 239 319 9.91 39.2
ROE (net income / shareholders' equity) 12.9% 6.57% 2.58% 7.72% 11.1% 12.5%
ROA (Net income/ Total Assets) 6.05% 3.9% 3.95% 4.29% 3.5% 5.15%
Assets 1 1,467 1,177 443.3 1,246 2,346 1,887
Book Value Per Share 2 17.30 16.90 16.30 17.60 18.60 19.50
Cash Flow per Share 2 5.250 3.560 7.410 12.10 11.60 15.10
Capex 1 0.63 0.24 1.31 15.2 85.4 59.8
Capex / Sales 0.15% 0.08% 0.49% 4.34% 17.13% 8.17%
Announcement Date 3/15/18 3/15/19 3/15/20 3/11/21 7/22/22 9/4/23
1BDT in Million2BDT
Estimates
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