Financials Marico Bangladesh Limited

Equities

MARICO

BD0481MRICO6

Personal Products

End-of-day quote Dhaka S.E. 06:00:00 2024-05-29 pm EDT 5-day change 1st Jan Change
2,007 BDT +0.10% Intraday chart for Marico Bangladesh Limited -4.79% -18.43%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 45,259 49,219 65,426 74,189 76,277 63,230 - -
Enterprise Value (EV) 1 45,259 49,219 65,426 73,812 74,152 77,014 63,230 63,230
P/E ratio - - - 20.9 x 19.7 x 16.7 x 12.7 x 11.6 x
Yield 4.52% 6.08% 4.33% 3.4% 3.1% 4% 6.64% 8.99%
Capitalization / Revenue 5.16 x 5.02 x 5.79 x 5.69 x 5.4 x 5.3 x 3.85 x 3.42 x
EV / Revenue 5.16 x 5.02 x 5.79 x 5.69 x 5.4 x 5.3 x 3.85 x 3.42 x
EV / EBITDA 16.9 x 14 x 14.9 x 15.3 x 14.3 x 10.4 x 9.45 x 8.47 x
EV / FCF 17.1 x 18.3 x 21.4 x 22.5 x 15.6 x 21.4 x 15 x 12.9 x
FCF Yield 5.83% 5.47% 4.68% 4.44% 6.39% 4.67% 6.65% 7.73%
Price to Book 34.8 x 35.5 x 40 x 27.6 x 21.3 x 10.8 x 8.52 x 8.52 x
Nbr of stocks (in thousands) 31,500 31,500 31,500 31,500 31,500 31,500 - -
Reference price 2 1,437 1,562 2,077 2,355 2,422 2,007 2,007 2,007
Announcement Date 7/23/19 5/15/20 4/28/21 4/28/22 5/17/23 5/8/24 - -
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,768 9,796 11,307 13,032 14,136 14,524 16,430 18,492
EBITDA 1 2,685 3,512 4,394 4,845 5,342 6,099 6,689 7,463
EBIT 1 2,592 3,380 4,232 4,627 5,138 6,151 6,321 7,080
Operating Margin 29.56% 34.5% 37.43% 35.51% 36.35% 42.35% 38.47% 38.29%
Earnings before Tax (EBT) 1 - - - 4,497 5,032 5,857 6,444 7,144
Net income 1 - - - 3,554 3,872 4,606 4,979 5,520
Net margin - - - 27.27% 27.39% 31.71% 30.31% 29.85%
EPS 2 - - - 112.8 122.9 146.2 158.0 172.8
Free Cash Flow 1 2,640 2,693 3,063 3,292 4,877 2,952 4,204 4,885
FCF margin 30.11% 27.49% 27.09% 25.26% 34.5% 20.16% 25.59% 26.42%
FCF Conversion (EBITDA) 98.32% 76.67% 69.71% 67.94% 91.29% 48.39% 62.85% 65.46%
FCF Conversion (Net income) - - - 92.62% 125.93% 64.7% 84.43% 88.49%
Dividend per Share 2 65.00 95.00 90.00 80.00 75.00 80.30 133.2 180.4
Announcement Date 7/23/19 5/15/20 4/28/21 4/28/22 5/17/23 5/8/24 - -
1BDT in Million2BDT
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2024 Q2 2024 S1
Net sales - 7,718
EBITDA - -
EBIT 1 1,572 -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 1,169 -
Net margin - -
EPS - -
Dividend per Share - -
Announcement Date 11/8/23 11/8/23
1BDT in Million
Estimates

Balance Sheet Analysis

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - 377 2,125 - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,640 2,693 3,063 3,292 4,877 2,952 4,204 4,885
ROE (net income / shareholders' equity) 145% 197% 206% 164% 123% 99% 83.4% 89.3%
ROA (Net income/ Total Assets) 44.7% 55.2% 57.6% 55.3% 41.5% 36.8% 37.2% 40%
Assets 1 - - - 6,421 9,342 12,412 13,402 13,801
Book Value Per Share 2 41.30 44.10 52.00 85.40 114.0 186.0 236.0 236.0
Cash Flow per Share - - - - - - - -
Capex 88.8 320 - 314 518 - - -
Capex / Sales 1.01% 3.27% - 2.41% 3.67% - - -
Announcement Date 7/23/19 5/15/20 4/28/21 4/28/22 5/17/23 5/8/24 - -
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
2,007 BDT
Average target price
3,105 BDT
Spread / Average Target
+54.70%
Consensus

Annual profits - Rate of surprise

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