AFCON HOLDINGS LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,421 ILa | -0.95% |
|
+0.52% | -1.35% |
| Mar. 31 | Afcon Holdings Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 12 | AFCON victory sends Ivory Coast fans into frenzy | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 801.5 | 722.7 | 631.2 | 1,057 | 740.9 | 483.3 |
| Enterprise Value (EV) 1 | 1,096 | 988.1 | 838.5 | 1,141 | 1,155 | 962.5 |
| P/E ratio | 18.5 x | -30.6 x | 47.5 x | 8.85 x | -13.8 x | -56.5 x |
| Yield | 1.22% | - | 7.6% | 2.36% | 3.37% | - |
| Capitalization / Revenue | 0.5 x | 0.43 x | 0.36 x | 0.5 x | 0.35 x | 0.22 x |
| EV / Revenue | 0.69 x | 0.59 x | 0.48 x | 0.54 x | 0.55 x | 0.45 x |
| EV / EBITDA | 16.8 x | 537 x | 21.1 x | 11.8 x | 131 x | 20.8 x |
| EV / FCF | -38.3 x | 21.2 x | 519 x | 5.6 x | -6.35 x | 32.6 x |
| FCF Yield | -2.61% | 4.72% | 0.19% | 17.9% | -15.7% | 3.07% |
| Price to Book | 1.9 x | 1.52 x | 1.28 x | 1.98 x | 1.63 x | 1.07 x |
| Nbr of stocks (in thousands) | 4,580 | 5,057 | 5,057 | 5,061 | 5,061 | 5,061 |
| Reference price 2 | 175.0 | 142.9 | 124.8 | 208.9 | 146.4 | 95.50 |
| Announcement Date | 3/31/19 | 3/12/20 | 3/25/21 | 3/28/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,588 | 1,675 | 1,734 | 2,113 | 2,094 | 2,155 |
| EBITDA 1 | 65.3 | 1.841 | 39.75 | 96.74 | 8.788 | 46.38 |
| EBIT 1 | 52.86 | -10.18 | 25.12 | 84.86 | -3.795 | 32.8 |
| Operating Margin | 3.33% | -0.61% | 1.45% | 4.02% | -0.18% | 1.52% |
| Earnings before Tax (EBT) 1 | 54.38 | -20.96 | 38.24 | 160.2 | -40.32 | -0.23 |
| Net income 1 | 44.17 | -24.07 | 13.51 | 119.4 | -53.82 | -8.563 |
| Net margin | 2.78% | -1.44% | 0.78% | 5.65% | -2.57% | -0.4% |
| EPS 2 | 9.460 | -4.677 | 2.625 | 23.61 | -10.64 | -1.690 |
| Free Cash Flow 1 | -28.63 | 46.6 | 1.615 | 203.8 | -181.9 | 29.55 |
| FCF margin | -1.8% | 2.78% | 0.09% | 9.65% | -8.69% | 1.37% |
| FCF Conversion (EBITDA) | - | 2,531.09% | 4.06% | 210.72% | - | 63.71% |
| FCF Conversion (Net income) | - | - | 11.96% | 170.71% | - | - |
| Dividend per Share 2 | 2.140 | - | 9.490 | 4.940 | 4.940 | - |
| Announcement Date | 3/31/19 | 3/12/20 | 3/25/21 | 3/28/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 295 | 265 | 207 | 83.4 | 414 | 479 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.517 x | 144.1 x | 5.215 x | 0.8625 x | 47.16 x | 10.33 x |
| Free Cash Flow 1 | -28.6 | 46.6 | 1.62 | 204 | -182 | 29.5 |
| ROE (net income / shareholders' equity) | 11.1% | -5.12% | 3.03% | 23% | -9.64% | -1.83% |
| ROA (Net income/ Total Assets) | 2.23% | -0.4% | 0.88% | 2.77% | -0.12% | 1.1% |
| Assets 1 | 1,978 | 6,091 | 1,535 | 4,304 | 43,267 | -778.2 |
| Book Value Per Share 2 | 92.10 | 93.80 | 97.30 | 106.0 | 90.00 | 89.10 |
| Cash Flow per Share 2 | 37.10 | 56.30 | 81.20 | 93.40 | 44.00 | 36.60 |
| Capex 1 | 24.7 | 15.8 | 9.32 | 4.18 | 5.93 | 10.4 |
| Capex / Sales | 1.56% | 0.94% | 0.54% | 0.2% | 0.28% | 0.48% |
| Announcement Date | 3/31/19 | 3/12/20 | 3/25/21 | 3/28/22 | 3/30/23 | 3/31/24 |
1ILS in Million2ILS
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -1.35% | 125M | |
| -2.29% | 67.67B | |
| +2.13% | 59.37B | |
| +21.25% | 38.3B | |
| +11.23% | 30.73B | |
| +2.06% | 26.35B | |
| +22.89% | 22.01B | |
| +15.06% | 19.47B | |
| +22.99% | 17.6B | |
| +64.33% | 16.64B |
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- Financials Afcon Holdings Ltd
