Financials Britam Holdings Plc

Equities

BRIT

KE2000002192

Multiline Insurance & Brokers

End-of-day quote Nairobi S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.64 KES +2.55% Intraday chart for Britam Holdings Plc -1.40% +17.75%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 25,878 25,234 22,711 18,321 18,926 13,122
Enterprise Value (EV) 1 25,418 21,299 18,333 16,367 16,096 8,343
P/E ratio 51.5 x -10.9 x 6.38 x -2 x 409 x 8.22 x
Yield 2.62% - 2.78% - - -
Capitalization / Revenue 0.94 x 0.97 x 0.61 x 0.57 x 0.47 x 0.35 x
EV / Revenue 0.93 x 0.82 x 0.49 x 0.51 x 0.4 x 0.22 x
EV / EBITDA 13.1 x -17.3 x 3.12 x -2.56 x 8.88 x 3.08 x
EV / FCF -4.61 x -1.72 x -1.22 x -0.89 x -1.51 x 0.52 x
FCF Yield -21.7% -58.1% -82.1% -113% -66.1% 191%
Price to Book 1.28 x 1.06 x 0.78 x 1.08 x 1 x 0.64 x
Nbr of stocks (in thousands) 1,938,416 2,523,404 2,523,487 2,523,487 2,523,487 2,523,487
Reference price 2 13.35 10.00 9.000 7.260 7.500 5.200
Announcement Date 3/22/18 3/28/19 4/2/20 4/28/21 6/8/22 6/7/23
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 27,428 25,949 37,158 32,056 40,143 37,506
EBITDA 1 1,935 -1,229 5,883 -6,400 1,812 2,709
EBIT 1 1,590 -1,545 5,571 -6,610 1,627 2,527
Operating Margin 5.8% -5.96% 14.99% -20.62% 4.05% 6.74%
Earnings before Tax (EBT) 1 865.8 -2,296 4,571 -9,698 1,011 2,952
Net income 1 517.4 -2,230 3,558 -9,147 46.22 1,596
Net margin 1.89% -8.59% 9.58% -28.53% 0.12% 4.26%
EPS 2 0.2594 -0.9164 1.410 -3.625 0.0183 0.6326
Free Cash Flow 1 -5,519 -12,383 -15,060 -18,436 -10,644 15,900
FCF margin -20.12% -47.72% -40.53% -57.51% -26.51% 42.39%
FCF Conversion (EBITDA) - - - - - 586.92%
FCF Conversion (Net income) - - - - - 996.06%
Dividend per Share 2 0.3500 - 0.2500 - - -
Announcement Date 3/22/18 3/28/19 4/2/20 4/28/21 6/8/22 6/7/23
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 460 3,935 4,379 1,953 2,831 4,780
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -5,519 -12,383 -15,060 -18,436 -10,644 15,900
ROE (net income / shareholders' equity) 2.6% -9.48% 13.3% -39.2% 0.4% 8.47%
ROA (Net income/ Total Assets) 1.09% -0.95% 3.04% -3.15% 0.7% 1.01%
Assets 1 47,545 233,993 116,972 290,281 6,601 157,608
Book Value Per Share 2 10.40 9.450 11.60 6.720 7.510 8.160
Cash Flow per Share 2 3.890 2.660 3.000 2.970 2.970 3.170
Capex 1 123 168 735 119 129 128
Capex / Sales 0.45% 0.65% 1.98% 0.37% 0.32% 0.34%
Announcement Date 3/22/18 3/28/19 4/2/20 4/28/21 6/8/22 6/7/23
1KES in Million2KES
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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