ZAMBIA REINSURANCE PLC |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 2.8 ZMW | 0.00% |
|
0.00% | 0.00% |
| Apr. 17 | Zambia Reinsurance PLC Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| 2023 | Zambia Reinsurance PLC Reports Earnings Results for the Full Year Ended December 31, 2022 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 84 | 84 | 84 | 125.6 | 126 | 126 |
| Enterprise Value (EV) 1 | 72.49 | 82.5 | 72.54 | 120.1 | 125.1 | 109 |
| P/E ratio | -48.8 x | 23.3 x | 18.7 x | 96 x | 20.8 x | 8.12 x |
| Yield | - | - | - | 2.11% | 1.61% | 1.61% |
| Capitalization / Revenue | 3.47 x | 2.53 x | 1.85 x | 2.29 x | 1.87 x | 1.06 x |
| EV / Revenue | 3 x | 2.49 x | 1.59 x | 2.19 x | 1.86 x | 0.92 x |
| EV / EBITDA | 13.8 x | -83.5 x | 177 x | 10.1 x | 11.6 x | 15.6 x |
| EV / FCF | 8.12 x | -5.57 x | -2.13 x | -166 x | -30.9 x | 13.9 x |
| FCF Yield | 12.3% | -18% | -47% | -0.6% | -3.23% | 7.19% |
| Price to Book | 1.99 x | 1.77 x | 1.41 x | 1.36 x | 1.28 x | 1.2 x |
| Nbr of stocks (in thousands) | 30,000 | 30,000 | 30,000 | 45,000 | 45,000 | 45,000 |
| Reference price 2 | 2.800 | 2.800 | 2.800 | 2.790 | 2.800 | 2.800 |
| Announcement Date | 4/29/19 | 4/27/21 | 4/27/21 | 4/23/22 | 3/24/23 | 4/17/24 |
1ZMW in Million2ZMW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 24.2 | 33.14 | 45.49 | 54.72 | 67.28 | 118.7 |
| EBITDA 1 | 5.249 | -0.9875 | 0.4099 | 11.85 | 10.79 | 6.984 |
| EBIT 1 | 4.546 | -1.643 | -0.3078 | 11.27 | 10.16 | 5.989 |
| Operating Margin | 18.79% | -4.96% | -0.68% | 20.59% | 15.1% | 5.05% |
| Earnings before Tax (EBT) 1 | -3.87 | 3.169 | 11.88 | 2.828 | 11.59 | 20.56 |
| Net income 1 | -1.556 | 3.612 | 6.734 | 1.307 | 6.063 | 15.51 |
| Net margin | -6.43% | 10.9% | 14.8% | 2.39% | 9.01% | 13.07% |
| EPS 2 | -0.0574 | 0.1204 | 0.1496 | 0.0291 | 0.1347 | 0.3448 |
| Free Cash Flow 1 | 8.929 | -14.81 | -34.07 | -0.7218 | -4.043 | 7.839 |
| FCF margin | 36.9% | -44.69% | -74.89% | -1.32% | -6.01% | 6.61% |
| FCF Conversion (EBITDA) | 170.12% | - | - | - | - | 112.24% |
| FCF Conversion (Net income) | - | - | - | - | - | 50.53% |
| Dividend per Share | - | - | - | 0.0590 | 0.0450 | 0.0450 |
| Announcement Date | 4/29/19 | 4/27/21 | 4/27/21 | 4/23/22 | 3/24/23 | 4/17/24 |
1ZMW in Million2ZMW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 11.5 | 1.5 | 11.5 | 5.47 | 0.93 | 17 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 8.93 | -14.8 | -34.1 | -0.72 | -4.04 | 7.84 |
| ROE (net income / shareholders' equity) | -3.56% | 8.06% | 9.85% | 1.44% | 6.36% | 16% |
| ROA (Net income/ Total Assets) | 4.61% | -1.73% | -0.23% | 6.38% | 5.33% | 2.56% |
| Assets 1 | -33.77 | -208.7 | -2,954 | 20.49 | 113.8 | 606.5 |
| Book Value Per Share 2 | 1.410 | 1.580 | 1.990 | 2.050 | 2.180 | 2.340 |
| Cash Flow per Share 2 | 0.3800 | 0.0500 | 0.2500 | 0.1200 | 0.0300 | 0.3900 |
| Capex 1 | 0.05 | 0.06 | 1.15 | 0.5 | 0.78 | 3.18 |
| Capex / Sales | 0.19% | 0.18% | 2.53% | 0.92% | 1.16% | 2.68% |
| Announcement Date | 4/29/19 | 4/27/21 | 4/27/21 | 4/23/22 | 3/24/23 | 4/17/24 |
1ZMW in Million2ZMW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 4.93M | |
| +16.43% | 35.23B | |
| +11.82% | 7.25B | |
| +10.26% | 6.48B | |
| +3.66% | 4.55B | |
| +11.61% | 868M | |
| +22.56% | 702M | |
| +18.57% | 559M | |
| +109.84% | 428M | |
| +7.11% | 157M |
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