Financials IGI Life Insurance Limited

Equities

IGIL

PK0069401013

Life & Health Insurance

End-of-day quote Pakistan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
14 PKR -3.38% Intraday chart for IGI Life Insurance Limited -1.48% +12.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,324 4,602 9,780 6,499 1,620 2,132
Enterprise Value (EV) 1 1,511 3,009 8,452 5,741 1,479 1,820
P/E ratio -35.1 x -21 x -102 x -18.6 x 38.6 x 14.9 x
Yield - - - - - -
Capitalization / Revenue 0.58 x 0.73 x 1.24 x 0.8 x 0.22 x 0.2 x
EV / Revenue 0.26 x 0.48 x 1.07 x 0.7 x 0.2 x 0.17 x
EV / EBITDA -17.1 x -13.9 x -97.9 x -13.4 x 16.5 x 7.37 x
EV / FCF -2.14 x -4.31 x 10.7 x -14.5 x -17.9 x 14 x
FCF Yield -46.8% -23.2% 9.36% -6.91% -5.58% 7.15%
Price to Book 2.46 x 2.05 x 4.58 x 3.73 x 0.93 x 1.1 x
Nbr of stocks (in thousands) 70,567 170,567 170,567 170,567 170,567 170,567
Reference price 2 47.10 26.98 57.34 38.10 9.500 12.50
Announcement Date 4/5/19 4/30/20 4/6/21 4/6/22 4/6/23 4/2/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,730 6,294 7,881 8,158 7,496 10,765
EBITDA 1 -88.12 -215.8 -86.34 -429.5 89.8 246.9
EBIT 1 -131.8 -248.9 -125.6 -471.1 51.69 214.2
Operating Margin -2.3% -3.96% -1.59% -5.77% 0.69% 1.99%
Earnings before Tax (EBT) 1 -134.1 -245.8 -136 -492.2 60.17 224.9
Net income 1 -94.7 -176.7 -95.72 -349.2 42.03 142.7
Net margin -1.65% -2.81% -1.21% -4.28% 0.56% 1.33%
EPS 2 -1.342 -1.288 -0.5612 -2.047 0.2464 0.8366
Free Cash Flow 1 -706.2 -698.5 790.9 -397 -82.51 130.2
FCF margin -12.33% -11.1% 10.04% -4.87% -1.1% 1.21%
FCF Conversion (EBITDA) - - - - - 52.73%
FCF Conversion (Net income) - - - - - 91.23%
Dividend per Share - - - - - -
Announcement Date 4/5/19 4/30/20 4/6/21 4/6/22 4/6/23 4/2/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,813 1,593 1,329 758 142 312
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -706 -699 791 -397 -82.5 130
ROE (net income / shareholders' equity) -6.54% -9.83% -4.37% -18% 2.41% 7.74%
ROA (Net income/ Total Assets) -0.43% -0.8% -0.37% -1.34% 0.15% 0.56%
Assets 1 22,236 22,032 25,622 26,037 28,304 25,656
Book Value Per Share 2 19.20 13.10 12.50 10.20 10.20 11.40
Cash Flow per Share 2 26.00 9.630 8.590 5.290 1.280 2.010
Capex 1 395 579 233 139 32.8 130
Capex / Sales 6.9% 9.2% 2.96% 1.7% 0.44% 1.21%
Announcement Date 4/5/19 4/30/20 4/6/21 4/6/22 4/6/23 4/2/24
1PKR in Million2PKR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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