Financials B Investments Holding S.A.E.

Equities

BINV

EGS691T1C010

Diversified Investment Services

End-of-day quote Egyptian Exchange 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
18.26 EGP -4.45% Intraday chart for B Investments Holding S.A.E. -12.92% -3.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,184 1,280 1,743 1,600 2,652 3,036
Enterprise Value (EV) 1 680 841.3 1,103 1,201 533.7 1,426
P/E ratio 5.77 x 7.44 x 6.15 x 15.7 x 3.16 x 5.99 x
Yield 6.54% 5% 11.4% 5% 19.4% -
Capitalization / Revenue 4.91 x 5.59 x 4.71 x 9.84 x 1.77 x 5.33 x
EV / Revenue 2.82 x 3.67 x 2.98 x 7.38 x 0.36 x 2.5 x
EV / EBITDA 3.27 x 4.17 x 3.42 x 9.06 x 0.4 x 4.67 x
EV / FCF 6.39 x 6.83 x 4.83 x 29.3 x 0.33 x -11 x
FCF Yield 15.6% 14.6% 20.7% 3.41% 303% -9.13%
Price to Book 0.74 x 0.73 x 0.82 x 0.79 x 0.88 x 1.07 x
Nbr of stocks (in thousands) 155,024 160,024 159,223 160,024 160,024 160,024
Reference price 2 7.640 8.000 10.95 10.00 16.57 18.97
Announcement Date 3/31/19 3/29/20 3/31/21 4/26/22 3/30/23 4/1/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 241.1 229.1 370.1 162.7 1,502 569.3
EBITDA 1 207.9 201.7 323 132.5 1,338 305.6
EBIT 1 207.6 201.2 321.2 130.7 1,336 303.8
Operating Margin 86.08% 87.82% 86.8% 80.36% 89.01% 53.37%
Earnings before Tax (EBT) 1 209.4 183.6 318.3 127.3 1,811 871.3
Net income 1 193.9 173.2 287.9 105.3 846.2 518
Net margin 80.39% 75.63% 77.79% 64.74% 56.35% 90.98%
EPS 2 1.323 1.075 1.780 0.6355 5.250 3.168
Free Cash Flow 1 106.4 123.2 228.4 40.99 1,620 -130.1
FCF margin 44.12% 53.78% 61.7% 25.2% 107.86% -22.86%
FCF Conversion (EBITDA) 51.16% 61.07% 70.7% 30.94% 121.02% -
FCF Conversion (Net income) 54.88% 71.11% 79.31% 38.93% 191.39% -
Dividend per Share 2 0.5000 0.4000 1.250 0.5000 3.213 -
Announcement Date 3/31/19 3/29/20 3/31/21 4/26/22 3/30/23 4/1/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 504 439 640 400 2,118 1,610
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 106 123 228 41 1,620 -130
ROE (net income / shareholders' equity) 14.5% 10.2% 14.8% 5.07% 52.7% 23.2%
ROA (Net income/ Total Assets) 9.35% 7.2% 9.91% 3.72% 26% 4.79%
Assets 1 2,074 2,406 2,906 2,827 3,254 10,822
Book Value Per Share 2 10.40 10.90 13.40 12.60 18.90 17.80
Cash Flow per Share 2 3.150 0.5400 4.020 0.3900 12.20 10.60
Capex 1 7.89 - - - - 0.04
Capex / Sales 3.27% - - - - 0.01%
Announcement Date 3/31/19 3/29/20 3/31/21 4/26/22 3/30/23 4/1/24
1EGP in Million2EGP
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
18.26 EGP
Average target price
16.63 EGP
Spread / Average Target
-8.93%
Consensus

Chiffre d''affaires - Rate of surprise

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