Financials Bangladesh National Insurance Company Limited

Equities

BNICL

BD0747BNICL8

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
45.2 BDT +0.67% Intraday chart for Bangladesh National Insurance Company Limited -2.16% -20.28%

Valuation

Fiscal Period: December 2017 2018 2020 2021 2022
Capitalization 1 876.2 725.7 3,252 6,014 2,562
Enterprise Value (EV) 1 -45.47 -110.7 2,257 4,735 1,051
P/E ratio 12.1 x 8.2 x 29.5 x 42 x 15.1 x
Yield 5.05% 7.32% 2.04% 1.32% 3.45%
Capitalization / Revenue 1.96 x 1.51 x 6.58 x 8.2 x 3.07 x
EV / Revenue -0.1 x -0.23 x 4.56 x 6.46 x 1.26 x
EV / EBITDA -0.43 x -0.86 x 14.1 x 23.5 x 4.32 x
EV / FCF -0.48 x 1.87 x - 14.5 x 2.8 x
FCF Yield -207% 53.6% - 6.91% 35.7%
Price to Book 1.16 x 0.91 x 3.65 x 6.22 x 2.43 x
Nbr of stocks (in thousands) 44,250 44,250 44,250 44,250 44,250
Reference price 2 19.80 16.40 73.50 135.9 57.90
Announcement Date 6/10/18 3/1/19 6/5/22 6/5/22 6/5/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2020 2021 2022
Net sales 1 446.5 480.4 494.6 733.1 835.3
EBITDA 1 106.1 128 159.6 201.5 243.4
EBIT 1 93.32 115.9 151.6 193.3 225.5
Operating Margin 20.9% 24.12% 30.65% 26.37% 26.99%
Earnings before Tax (EBT) 1 94.4 117.4 151.6 192.1 225.8
Net income 1 72.63 88.54 110.1 143 169.8
Net margin 16.27% 18.43% 22.26% 19.51% 20.33%
EPS 2 1.641 2.001 2.488 3.232 3.837
Free Cash Flow 1 94.17 -59.37 - 327.4 375
FCF margin 21.09% -12.36% - 44.66% 44.89%
FCF Conversion (EBITDA) 88.74% - - 162.45% 154.06%
FCF Conversion (Net income) 129.65% - - 228.87% 220.87%
Dividend per Share 2 1.000 1.200 1.500 1.800 2.000
Announcement Date 6/10/18 3/1/19 6/5/22 6/5/22 6/5/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2020 2021 2022
Net Debt 1 - - - - -
Net Cash position 1 922 836 996 1,278 1,511
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow 1 94.2 -59.4 - 327 375
ROE (net income / shareholders' equity) 9.89% 11.4% - 15.4% 16.8%
ROA (Net income/ Total Assets) 4.94% 5.65% - 6.73% 6.51%
Assets 1 1,469 1,566 - 2,125 2,609
Book Value Per Share 2 17.10 18.00 20.10 21.90 23.80
Cash Flow per Share 2 20.80 18.90 22.50 29.20 34.50
Capex 1 23.2 167 14.9 19.8 62
Capex / Sales 5.2% 34.7% 3.02% 2.69% 7.42%
Announcement Date 6/10/18 3/1/19 6/5/22 6/5/22 6/5/23
1BDT in Million2BDT
Estimates
  1. Stock Market
  2. Equities
  3. BNICL Stock
  4. Financials Bangladesh National Insurance Company Limited