Financials Nairobi Securities Exchange Plc

Equities

NSE

KE3000009674

Financial & Commodity Market Operators

End-of-day quote Nairobi S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
5.96 KES -0.67% Intraday chart for Nairobi Securities Exchange Plc -0.67% -1.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 5,112 3,776 3,205 2,118 2,076 1,759
Enterprise Value (EV) 1 4,457 3,083 2,680 1,307 1,292 1,417
P/E ratio 23.6 x 19.8 x 40.6 x 12.6 x 15.9 x 127 x
Yield 1.52% 1.99% 0.65% 6.5% 5% 2.95%
Capitalization / Revenue 7.07 x 5 x 4.63 x 3.22 x 2.96 x 2.78 x
EV / Revenue 6.16 x 4.08 x 3.87 x 1.99 x 1.84 x 2.24 x
EV / EBITDA 16.7 x 13.2 x 17.1 x 5.56 x 5.37 x 10.7 x
EV / FCF 45.9 x 28.5 x 24.5 x 6.33 x 7.2 x -253 x
FCF Yield 2.18% 3.5% 4.09% 15.8% 13.9% -0.4%
Price to Book 2.54 x 1.8 x 1.58 x 0.97 x 1.01 x 0.94 x
Nbr of stocks (in thousands) 259,501 259,501 259,501 259,501 259,501 259,501
Reference price 2 19.70 14.55 12.35 8.160 8.000 6.780
Announcement Date 3/19/18 5/22/19 3/27/20 3/26/21 3/29/22 6/14/23
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 723.3 755.1 691.8 658.4 702.2 633.3
EBITDA 1 267.1 233.1 156.7 235.1 240.8 132
EBIT 1 243.2 212.4 128.9 201.6 211.3 105.8
Operating Margin 33.62% 28.13% 18.64% 30.61% 30.09% 16.71%
Earnings before Tax (EBT) 1 269.2 240.8 104.5 218.9 210.9 37.8
Net income 1 216.2 190.7 78.92 167.8 130.5 13.88
Net margin 29.9% 25.25% 11.41% 25.48% 18.59% 2.19%
EPS 2 0.8333 0.7348 0.3041 0.6466 0.5020 0.0533
Free Cash Flow 1 97.15 108 109.6 206.4 179.6 -5.601
FCF margin 13.43% 14.3% 15.84% 31.35% 25.57% -0.88%
FCF Conversion (EBITDA) 36.37% 46.34% 69.93% 87.79% 74.57% -
FCF Conversion (Net income) 44.92% 56.64% 138.84% 123.01% 137.58% -
Dividend per Share 2 0.3000 0.2900 0.0800 0.5300 0.4000 0.2000
Announcement Date 3/19/18 5/22/19 3/27/20 3/26/21 3/29/22 6/14/23
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 656 693 525 810 784 342
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 97.2 108 110 206 180 -5.6
ROE (net income / shareholders' equity) 11.2% 9.28% 3.83% 7.85% 6.2% 0.69%
ROA (Net income/ Total Assets) 7.37% 6.14% 3.61% 5.53% 5.83% 3.11%
Assets 1 2,932 3,108 2,184 3,034 2,237 445.7
Book Value Per Share 2 7.750 8.080 7.820 8.380 7.950 7.220
Cash Flow per Share 2 1.280 0.8800 1.320 1.550 1.440 0.3000
Capex 1 40.2 40.8 29.8 9.92 5.53 7.56
Capex / Sales 5.56% 5.41% 4.31% 1.51% 0.79% 1.19%
Announcement Date 3/19/18 5/22/19 3/27/20 3/26/21 3/29/22 6/14/23
1KES in Million2KES
Estimates
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