Financials Asahi Songwon Colors Limited

Equities

ASAHISONG

INE228I01012

Specialty Chemicals

Delayed Bombay S.E. 12:50:33 2024-04-29 am EDT 5-day change 1st Jan Change
376.4 INR -2.04% Intraday chart for Asahi Songwon Colors Limited +12.04% +23.73%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 4,026 1,957 908.1 3,813 3,427 2,187
Enterprise Value (EV) 1 4,785 2,570 1,098 4,310 4,299 3,976
P/E ratio 17.4 x 10.7 x 3.98 x 12.1 x 17.7 x -18.8 x
Yield 0.91% 1.88% 4.05% 1.1% 0.18% 0.27%
Capitalization / Revenue 1.38 x 0.67 x 0.32 x 1.35 x 0.82 x 0.43 x
EV / Revenue 1.64 x 0.88 x 0.39 x 1.52 x 1.03 x 0.79 x
EV / EBITDA 12.4 x 6.38 x 3.13 x 8.6 x 11.4 x 81.6 x
EV / FCF -8.19 x 19.9 x 3.29 x -4.82 x -11.9 x -12.8 x
FCF Yield -12.2% 5.04% 30.4% -20.7% -8.37% -7.83%
Price to Book 2.22 x 1.01 x 0.45 x 1.68 x 1.41 x 1 x
Nbr of stocks (in thousands) 12,272 12,272 12,272 12,027 12,027 11,787
Reference price 2 328.0 159.4 74.00 317.0 285.0 185.5
Announcement Date 9/7/18 9/3/19 9/11/20 9/7/21 9/8/22 9/6/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2018 2019 2020 2021 2022 2023
Net sales 1 2,925 2,936 2,844 2,834 4,163 5,046
EBITDA 1 384.8 403.1 351.5 501.3 375.7 48.72
EBIT 1 312.6 321.5 268.3 414.4 256.1 -95.8
Operating Margin 10.69% 10.95% 9.43% 14.62% 6.15% -1.9%
Earnings before Tax (EBT) 1 319.7 262.4 232.7 436.4 208.8 -177.4
Net income 1 230.8 183 228.3 322.1 193.6 -116.5
Net margin 7.89% 6.23% 8.03% 11.37% 4.65% -2.31%
EPS 2 18.80 14.91 18.60 26.29 16.10 -9.887
Free Cash Flow 1 -584.4 129.5 333.7 -894 -360 -311.3
FCF margin -19.98% 4.41% 11.73% -31.55% -8.65% -6.17%
FCF Conversion (EBITDA) - 32.12% 94.93% - - -
FCF Conversion (Net income) - 70.76% 146.18% - - -
Dividend per Share 2 3.000 3.000 3.000 3.500 0.5000 0.5000
Announcement Date 9/7/18 9/3/19 9/11/20 9/7/21 9/8/22 9/6/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 759 613 190 497 872 1,789
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.972 x 1.522 x 0.5413 x 0.9914 x 2.32 x 36.73 x
Free Cash Flow 1 -584 129 334 -894 -360 -311
ROE (net income / shareholders' equity) 13.6% 9.75% 11.2% 13% 5.24% -6.78%
ROA (Net income/ Total Assets) 6.9% 6.39% 5.71% 7.76% 3.73% -1.18%
Assets 1 3,343 2,862 3,994 4,150 5,196 9,887
Book Value Per Share 2 148.0 158.0 164.0 189.0 201.0 185.0
Cash Flow per Share 2 0.5000 0.4900 2.020 0.3700 0.2500 0.6100
Capex 1 593 47.6 115 962 278 315
Capex / Sales 20.27% 1.62% 4.04% 33.97% 6.68% 6.24%
Announcement Date 9/7/18 9/3/19 9/11/20 9/7/21 9/8/22 9/6/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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