Financials East West Insurance Company Limited

Equities

EWIC

PK0027101010

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 06:00:00 2022-12-11 pm EST 5-day change 1st Jan Change
75.32 PKR -7.93% Intraday chart for East West Insurance Company Limited -0.00% -0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 9,028 8,126 10,563 10,887 11,275 13,248
Enterprise Value (EV) 1 8,954 7,788 10,165 10,706 11,079 12,960
P/E ratio 68.2 x 49.1 x 45.7 x 40.1 x 33.9 x 22.7 x
Yield - - - - - -
Capitalization / Revenue 6.19 x 5.41 x 5.43 x 4.92 x 3.85 x 3.13 x
EV / Revenue 6.14 x 5.19 x 5.23 x 4.84 x 3.78 x 3.06 x
EV / EBITDA 54.7 x 37.6 x 32.4 x 28.4 x 22.4 x 20.8 x
EV / FCF 6.8 x 3.63 x 14.8 x 20.5 x 1.72 x -10.4 x
FCF Yield 14.7% 27.5% 6.76% 4.88% 58.1% -9.65%
Price to Book 8.03 x 6.41 x 6.41 x 5.55 x 5.37 x 3.98 x
Nbr of stocks (in thousands) 133,062 133,062 149,695 149,695 149,695 175,891
Reference price 2 67.85 61.07 70.56 72.73 75.32 75.32
Announcement Date 4/8/19 6/9/20 4/9/21 3/25/22 4/5/23 4/6/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,459 1,501 1,945 2,214 2,928 4,233
EBITDA 1 163.6 206.9 313.5 376.6 495.4 622.6
EBIT 1 142.6 187 295.8 357.4 477.7 598.6
Operating Margin 9.77% 12.45% 15.21% 16.15% 16.32% 14.14%
Earnings before Tax (EBT) 1 146.1 235 297.4 357.5 477.3 676.6
Net income 1 132.4 183.8 231.4 312.5 388.1 583.1
Net margin 9.07% 12.25% 11.9% 14.11% 13.26% 13.78%
EPS 2 0.9950 1.245 1.546 1.815 2.219 3.315
Free Cash Flow 1 1,317 2,143 687.3 522.1 6,441 -1,250
FCF margin 90.26% 142.78% 35.34% 23.59% 220.02% -29.54%
FCF Conversion (EBITDA) 805.1% 1,036.03% 219.24% 138.65% 1,300.23% -
FCF Conversion (Net income) 994.77% 1,165.87% 297.04% 167.1% 1,659.73% -
Dividend per Share - - - - - -
Announcement Date 4/8/19 6/9/20 4/9/21 3/25/22 4/5/23 4/6/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 73.5 338 398 181 196 288
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,317 2,143 687 522 6,441 -1,250
ROE (net income / shareholders' equity) 12.2% 14.4% 15.1% 17.3% 17.5% 20.1%
ROA (Net income/ Total Assets) 3.16% 3.54% 4.86% 5.26% 5.67% 5.57%
Assets 1 4,195 5,191 4,757 5,941 6,842 10,462
Book Value Per Share 2 8.450 9.520 11.00 13.10 14.00 18.90
Cash Flow per Share 2 0.7500 2.470 2.750 1.280 1.260 1.930
Capex 1 67 16.3 2.88 3.46 12.2 80.7
Capex / Sales 4.59% 1.08% 0.15% 0.16% 0.42% 1.91%
Announcement Date 4/8/19 6/9/20 4/9/21 3/25/22 4/5/23 4/6/24
1PKR in Million2PKR
Estimates
  1. Stock Market
  2. Equities
  3. EWIC Stock
  4. Financials East West Insurance Company Limited