Financials IGI Holdings Limited

Equities

IGIHL

PK0032601012

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
108.8 PKR -1.98% Intraday chart for IGI Holdings Limited -3.61% -1.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 28,291 29,097 29,017 21,912 13,550 15,739
Enterprise Value (EV) 1 30,439 32,679 31,624 24,074 15,042 14,002
P/E ratio 28.7 x 42.5 x 16.7 x 8.27 x 4.72 x 4.05 x
Yield 2.83% 1.47% 2.46% 3.58% 4.47% 5.44%
Capitalization / Revenue 2.94 x 2.83 x 2.46 x 1.7 x 1 x 0.86 x
EV / Revenue 3.16 x 3.18 x 2.68 x 1.87 x 1.11 x 0.76 x
EV / EBITDA 19.2 x 23.6 x 21.7 x 16.4 x 6.22 x 4.56 x
EV / FCF -21.3 x 15.6 x -8.72 x 4.65 x 56.7 x -24.1 x
FCF Yield -4.7% 6.4% -11.5% 21.5% 1.76% -4.15%
Price to Book 0.49 x 0.55 x 0.59 x 0.46 x 0.27 x 0.24 x
Nbr of stocks (in thousands) 142,631 142,631 142,631 142,631 142,631 142,631
Reference price 2 198.4 204.0 203.4 153.6 95.00 110.4
Announcement Date 4/5/19 5/4/20 4/8/21 4/9/22 4/7/23 4/8/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,636 10,276 11,803 12,856 13,527 18,333
EBITDA 1 1,588 1,383 1,457 1,469 2,418 3,068
EBIT 1 1,438 1,290 1,350 1,336 2,284 2,933
Operating Margin 14.93% 12.55% 11.44% 10.39% 16.88% 16%
Earnings before Tax (EBT) 1 1,481 939.1 2,222 3,159 3,987 5,754
Net income 1 985.1 684.3 1,737 2,650 2,872 3,887
Net margin 10.22% 6.66% 14.72% 20.61% 21.23% 21.2%
EPS 2 6.914 4.798 12.18 18.58 20.14 27.25
Free Cash Flow 1 -1,430 2,091 -3,628 5,180 265.2 -581.5
FCF margin -14.84% 20.35% -30.73% 40.29% 1.96% -3.17%
FCF Conversion (EBITDA) - 151.21% - 352.58% 10.97% -
FCF Conversion (Net income) - 305.58% - 195.47% 9.23% -
Dividend per Share 2 5.609 3.000 5.000 5.500 4.250 6.000
Announcement Date 4/5/19 5/4/20 4/8/21 4/9/22 4/7/23 4/8/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2,149 3,582 2,607 2,162 1,492 -
Net Cash position 1 - - - - - 1,737
Leverage (Debt/EBITDA) 1.353 x 2.59 x 1.789 x 1.471 x 0.6171 x -
Free Cash Flow 1 -1,430 2,091 -3,628 5,180 265 -582
ROE (net income / shareholders' equity) 1.47% 1.16% 3.34% 5.33% 5.81% 6.67%
ROA (Net income/ Total Assets) 0.95% 0.95% 1.02% 1.02% 1.67% 1.78%
Assets 1 103,383 71,950 170,480 260,584 172,162 218,355
Book Value Per Share 2 407.0 374.0 342.0 334.0 356.0 462.0
Cash Flow per Share 2 10.30 4.630 8.830 10.30 8.190 31.10
Capex 1 551 752 361 207 218 419
Capex / Sales 5.72% 7.32% 3.06% 1.61% 1.61% 2.29%
Announcement Date 4/5/19 5/4/20 4/8/21 4/9/22 4/7/23 4/8/24
1PKR in Million2PKR
Estimates
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