Financials Atlas Insurance Limited

Equities

ATIL

PK0003301014

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
39.95 PKR +1.78% Intraday chart for Atlas Insurance Limited +1.78% -3.73%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 5,363 4,294 4,939 5,224 5,179 5,183
Enterprise Value (EV) 1 4,661 2,966 4,315 4,415 4,264 3,729
P/E ratio 8.08 x 6.45 x 7.93 x 8.09 x 6.2 x 7.21 x
Yield 8.5% 11.4% 10.9% 11.4% 11.5% 12.6%
Capitalization / Revenue 3.33 x 2.48 x 2.84 x 3.06 x 2.33 x 2.26 x
EV / Revenue 2.89 x 1.71 x 2.48 x 2.59 x 1.92 x 1.62 x
EV / EBITDA 4.65 x 3.08 x 4.69 x 4.7 x 3.52 x 3.29 x
EV / FCF 7.99 x 3.03 x 6.48 x 3.54 x 2.71 x 3.78 x
FCF Yield 12.5% 33% 15.4% 28.2% 36.9% 26.5%
Price to Book 2.38 x 1.24 x 1.33 x 1.09 x 1.24 x 1.45 x
Nbr of stocks (in thousands) 149,416 149,416 149,416 149,416 149,416 149,416
Reference price 2 35.89 28.74 33.06 34.97 34.66 34.69
Announcement Date 3/20/18 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,610 1,735 1,738 1,706 2,222 2,295
EBITDA 1 1,002 963.7 919.8 938.7 1,211 1,133
EBIT 1 986.4 944.3 898.1 917 1,190 1,104
Operating Margin 61.26% 54.44% 51.67% 53.74% 53.54% 48.11%
Earnings before Tax (EBT) 1 988.8 989 895.2 907.8 1,182 1,096
Net income 1 664 665.6 623.3 645.4 835.4 719.3
Net margin 41.24% 38.37% 35.86% 37.82% 37.6% 31.34%
EPS 2 4.444 4.454 4.171 4.320 5.591 4.814
Free Cash Flow 1 583.7 979.3 665.5 1,247 1,573 987.6
FCF margin 36.25% 56.45% 38.29% 73.07% 70.78% 43.03%
FCF Conversion (EBITDA) 58.23% 101.62% 72.35% 132.84% 129.87% 87.2%
FCF Conversion (Net income) 87.9% 147.14% 106.77% 193.2% 188.25% 137.29%
Dividend per Share 2 3.052 3.287 3.616 3.977 3.977 4.375
Announcement Date 3/20/18 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 702 1,328 624 810 914 1,454
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 584 979 665 1,247 1,573 988
ROE (net income / shareholders' equity) 30.9% 17.7% 17.4% 15.2% 18.7% 18.5%
ROA (Net income/ Total Assets) 14.5% 8.79% 8.19% 6.87% 7.83% 7.31%
Assets 1 4,568 7,572 7,606 9,401 10,663 9,835
Book Value Per Share 2 15.10 23.20 24.80 32.00 28.00 24.00
Cash Flow per Share 2 4.700 8.890 4.350 5.910 6.520 10.40
Capex 1 56.1 32.8 40.3 21.9 34.8 77.6
Capex / Sales 3.48% 1.89% 2.32% 1.29% 1.56% 3.38%
Announcement Date 3/20/18 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23
1PKR in Million2PKR
Estimates
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