Financials Ceylon Tobacco Company PLC

Equities

CTC.N0000

LK0042N00008

Tobacco

End-of-day quote Colombo S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,260 LKR -0.79% Intraday chart for Ceylon Tobacco Company PLC +1.18% +32.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 206,112 192,737 164,470 117,077 178,660 236,028 -
Enterprise Value (EV) 1 189,486 183,144 156,099 117,077 178,660 236,028 236,028
P/E ratio 11.9 x 12.4 x 10.2 x 5.72 x - 8.06 x 7.25 x
Yield 8.37% 6.25% 6.04% 17.5% 13.5% 12.4% 14.3%
Capitalization / Revenue 1.46 x 1.46 x 1.22 x 0.7 x 3.1 x 3.89 x 3.37 x
EV / Revenue 1.46 x 1.46 x 1.22 x 0.7 x 3.1 x 3.89 x 3.37 x
EV / EBITDA 7.53 x 7.26 x 5.98 x - 3.97 x 4.67 x 4.04 x
EV / FCF 14.3 x 21.4 x 22.9 x - 4.89 x 7.26 x 6.38 x
FCF Yield 6.99% 4.67% 4.36% - 20.5% 13.8% 15.7%
Price to Book 44.6 x 41.9 x 18.3 x 6.69 x 15.2 x 13.3 x 13.2 x
Nbr of stocks (in thousands) 187,324 187,324 187,324 187,324 187,324 187,324 -
Reference price 2 1,100 1,029 878.0 625.0 953.8 1,260 1,260
Announcement Date 2/26/20 2/16/21 2/18/22 3/1/23 2/29/24 - -
1LKR in Million2LKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 141,342 132,149 134,369 167,194 57,721 60,602 70,128
EBITDA 1 27,354 26,536 27,500 - 45,038 50,592 58,410
EBIT 1 27,058 26,196 27,166 33,196 44,552 47,769 55,672
Operating Margin 19.14% 19.82% 20.22% 19.85% 77.19% 78.82% 79.39%
Earnings before Tax (EBT) 1 28,691 25,433 26,647 - 46,140 48,835 54,278
Net income 1 17,259 15,578 16,147 20,474 - 29,301 32,567
Net margin 12.21% 11.79% 12.02% 12.25% - 48.35% 46.44%
EPS 2 92.13 83.16 86.20 109.3 - 156.4 173.9
Free Cash Flow 1 14,412 8,992 7,178 - 36,570 32,524 36,970
FCF margin 10.2% 6.8% 5.34% - 63.36% 53.67% 52.72%
FCF Conversion (EBITDA) 52.69% 33.89% 26.1% - 81.2% 64.29% 63.29%
FCF Conversion (Net income) 83.5% 57.72% 44.45% - - 111% 113.52%
Dividend per Share 2 92.13 64.35 53.00 109.3 128.8 156.4 180.4
Announcement Date 2/26/20 2/16/21 2/18/22 3/1/23 2/29/24 - -
1LKR in Million2LKR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 4,186
Net margin -
EPS 2 22.35
Dividend per Share -
Announcement Date 5/12/22
1LKR in Million2LKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position 16,626 9,593 8,371 - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 14,412 8,992 7,178 - 36,570 32,524 36,970
ROE (net income / shareholders' equity) 346% 338% 238% 155% 189% 174% 198%
ROA (Net income/ Total Assets) - - - - 65.5% 71.3% 78.8%
Assets 1 - - - - - 41,095 41,329
Book Value Per Share 2 24.70 24.60 48.00 93.40 62.80 94.40 95.30
Cash Flow per Share - - - - - - -
Capex 1 1,198 952 848 - 509 636 728
Capex / Sales 0.85% 0.72% 0.63% - 0.88% 1.05% 1.04%
Announcement Date 2/26/20 2/16/21 2/18/22 3/1/23 2/29/24 - -
1LKR in Million2LKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1,260 LKR
Average target price
1,271 LKR
Spread / Average Target
+0.89%
Consensus

Annual profits - Rate of surprise

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