Financials The West Indian Tobacco Company Limited

Equities

WCO

TTP985721039

Tobacco

End-of-day quote Trinidad and Tobago S.E. 06:00:00 2024-06-10 pm EDT 5-day change 1st Jan Change
9.4 TTD +4.44% Intraday chart for The West Indian Tobacco Company Limited -6.00% +5.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,031 10,465 8,946 7,203 5,310 2,249
Enterprise Value (EV) 1 7,746 10,169 8,500 6,835 5,039 1,987
P/E ratio 19.8 x 49.9 x 21.8 x 19 x 20.3 x 8.12 x
Yield 4.83% 3.53% 4.35% 4.98% 4.66% 11.7%
Capitalization / Revenue 8.73 x 11.2 x 9.94 x 8.45 x 7.33 x 2.98 x
EV / Revenue 8.42 x 10.9 x 9.45 x 8.02 x 6.96 x 2.63 x
EV / EBITDA 13 x 16.5 x 14.2 x 12.4 x 12.9 x 4.99 x
EV / FCF 19.6 x 27.9 x 21.1 x 28 x 17.4 x 13.1 x
FCF Yield 5.11% 3.58% 4.74% 3.57% 5.73% 7.62%
Price to Book 19.4 x 23.2 x 15.5 x 12 x 11.7 x 4.18 x
Nbr of stocks (in thousands) 252,720 252,720 252,720 252,720 252,720 252,720
Reference price 2 31.78 41.41 35.40 28.50 21.01 8.900
Announcement Date 3/26/19 3/24/20 4/6/21 3/17/22 3/31/23 3/25/24
1TTD in Million2TTD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 919.6 935.4 899.9 852.3 724.1 755.2
EBITDA 1 596.6 616 598.1 549.7 390.8 398.1
EBIT 1 586.5 605.7 587.4 537.4 378 382.9
Operating Margin 63.78% 64.75% 65.28% 63.06% 52.2% 50.71%
Earnings before Tax (EBT) 1 587.3 607.8 588.1 537.2 379 386.9
Net income 1 405.1 209.7 410 379 261.6 277.1
Net margin 44.05% 22.41% 45.56% 44.47% 36.13% 36.69%
EPS 2 1.603 0.8296 1.622 1.500 1.035 1.096
Free Cash Flow 1 395.9 364 403.1 244 288.9 151.4
FCF margin 43.05% 38.91% 44.79% 28.64% 39.9% 20.05%
FCF Conversion (EBITDA) 66.36% 59.08% 67.39% 44.4% 73.94% 38.02%
FCF Conversion (Net income) 97.74% 173.6% 98.31% 64.39% 110.46% 54.63%
Dividend per Share 2 1.533 1.460 1.540 1.420 0.9800 1.040
Announcement Date 3/26/19 3/24/20 4/6/21 3/17/22 3/31/23 3/25/24
1TTD in Million2TTD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 285 296 446 367 271 262
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 396 364 403 244 289 151
ROE (net income / shareholders' equity) 102% 96.7% 79.7% 64.4% 49.7% 56%
ROA (Net income/ Total Assets) 57.4% 55.8% 49.2% 41.3% 29.5% 28.6%
Assets 1 705.7 375.6 833.2 918.5 887.3 970.4
Book Value Per Share 2 1.640 1.790 2.280 2.380 1.790 2.130
Cash Flow per Share 2 1.130 1.190 1.770 1.460 1.090 1.060
Capex 1 17.7 16.3 13.3 29.6 33.6 9.88
Capex / Sales 1.92% 1.75% 1.47% 3.47% 4.65% 1.31%
Announcement Date 3/26/19 3/24/20 4/6/21 3/17/22 3/31/23 3/25/24
1TTD in Million2TTD
Estimates
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