Financials Ascencia Limited

Equities

ASCE.N0000

MU0259I00005

Real Estate Development & Operations

End-of-day quote Mauritius S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
17.55 MUR 0.00% Intraday chart for Ascencia Limited -0.28% -7.14%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 8,204 9,327 8,193 14,741 14,327 9,624
Enterprise Value (EV) 1 11,627 13,300 12,538 19,793 19,884 15,877
P/E ratio 9.07 x 9.87 x 20.3 x 15.4 x 14.2 x 9.07 x
Yield 4.37% 4.24% 3.14% 2.12% 3.06% 4.81%
Capitalization / Revenue 6.65 x 6.54 x 6.17 x 10.8 x 9.21 x 5.56 x
EV / Revenue 9.43 x 9.33 x 9.44 x 14.4 x 12.8 x 9.18 x
EV / EBITDA 15.6 x 14.9 x 15.2 x 24.7 x 21.9 x 15.4 x
EV / FCF 13.9 x 46.8 x 62.8 x 92.8 x 29.3 x 157 x
FCF Yield 7.2% 2.13% 1.59% 1.08% 3.42% 0.64%
Price to Book 1.14 x 1.19 x 1.02 x 1.69 x 1.54 x 0.97 x
Nbr of stocks (in thousands) 478,387 482,019 484,817 487,315 487,315 487,315
Reference price 2 17.15 19.35 16.90 30.25 29.40 19.75
Announcement Date 9/5/18 10/9/19 12/30/20 11/18/21 8/29/22 10/25/23
1MUR in Million2MUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 1,234 1,426 1,328 1,370 1,556 1,730
EBITDA 1 743.6 895.2 827.1 802.2 909.3 1,033
EBIT 1 737.9 887.7 817.8 791.7 900.7 1,025
Operating Margin 59.82% 62.26% 61.57% 57.78% 57.87% 59.24%
Earnings before Tax (EBT) 1 991.5 1,048 490.6 1,049 1,083 1,185
Net income 1 870.2 950.1 406.6 957.9 1,006 1,061
Net margin 70.55% 66.64% 30.61% 69.91% 64.63% 61.34%
EPS 2 1.890 1.960 0.8344 1.966 2.064 2.178
Free Cash Flow 1 836.8 283.9 199.7 213.3 679 101.3
FCF margin 67.84% 19.91% 15.03% 15.56% 43.63% 5.85%
FCF Conversion (EBITDA) 112.53% 31.72% 24.14% 26.58% 74.67% 9.81%
FCF Conversion (Net income) 96.15% 29.88% 49.11% 22.26% 67.5% 9.54%
Dividend per Share 2 0.7500 0.8200 0.5300 0.6400 0.9000 0.9500
Announcement Date 9/5/18 10/9/19 12/30/20 11/18/21 8/29/22 10/25/23
1MUR in Million2MUR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 3,422 3,973 4,345 5,052 5,556 6,253
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.603 x 4.439 x 5.253 x 6.298 x 6.11 x 6.056 x
Free Cash Flow 1 837 284 200 213 679 101
ROE (net income / shareholders' equity) 13% 12.4% 5.02% 11.4% 11.1% 11%
ROA (Net income/ Total Assets) 3.8% 4.27% 3.77% 3.35% 3.43% 3.75%
Assets 1 22,912 22,257 10,781 28,569 29,311 28,292
Book Value Per Share 2 15.10 16.30 16.60 17.90 19.10 20.30
Cash Flow per Share 2 2.060 1.570 0.6900 2.200 1.680 0.1700
Capex 1 10.5 9.54 8.2 5.61 8.04 24.5
Capex / Sales 0.85% 0.67% 0.62% 0.41% 0.52% 1.41%
Announcement Date 9/5/18 10/9/19 12/30/20 11/18/21 8/29/22 10/25/23
1MUR in Million2MUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
17.55
Average target price
-
Consensus
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