Financials National Bank of Malawi plc

Equities

NBM

MWNBM0010074

Banks

End-of-day quote Malawi S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2,400 MWK 0.00% Intraday chart for National Bank of Malawi plc +0.00% +14.22%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 126,107 155,031 245,139 303,506 378,271 720,032
Enterprise Value (EV) 1 -5,200 98,470 198,021 234,912 290,045 483,483
P/E ratio 6.67 x 9.76 x 14.3 x 13.5 x 10.8 x 15.2 x
Yield 7.15% 4.84% 3.39% 4.28% 6.08% 4.58%
Capitalization / Revenue 2.08 x 2.53 x 3.72 x 3.98 x 3.4 x 5.14 x
EV / Revenue -0.09 x 1.61 x 3 x 3.08 x 2.61 x 3.45 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.56 x 1.76 x 2.43 x 2.58 x 2.65 x 4.18 x
Nbr of stocks (in thousands) 466,926 466,932 466,932 466,932 466,932 466,932
Reference price 2 270.1 332.0 525.0 650.0 810.1 1,542
Announcement Date 6/4/18 5/27/19 6/29/20 6/7/21 8/24/22 9/7/23
1MWK in Million2MWK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 60,619 61,199 65,970 76,194 111,311 140,017
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 27,550 23,016 25,351 32,808 50,588 69,363
Net income 1 18,912 15,881 17,106 22,406 34,928 47,474
Net margin 31.2% 25.95% 25.93% 29.41% 31.38% 33.91%
EPS 2 40.50 34.01 36.63 47.98 74.79 101.7
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 19.30 16.06 17.78 27.84 49.26 70.67
Announcement Date 6/4/18 5/27/19 6/29/20 6/7/21 8/24/22 9/7/23
1MWK in Million2MWK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 131,307 56,561 47,118 68,594 88,226 236,549
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 25.3% 18.7% 18.1% 20.5% 25.9% 28.7%
ROA (Net income/ Total Assets) 5.31% 3.94% 3.91% 4.35% 4.97% 4.9%
Assets 1 356,460 402,672 437,002 514,938 702,240 969,372
Book Value Per Share 2 173.0 189.0 216.0 252.0 306.0 369.0
Cash Flow per Share 2 315.0 166.0 145.0 210.0 328.0 607.0
Capex 1 4,985 4,163 6,014 4,100 2,644 4,299
Capex / Sales 8.22% 6.8% 9.12% 5.38% 2.38% 3.07%
Announcement Date 6/4/18 5/27/19 6/29/20 6/7/21 8/24/22 9/7/23
1MWK in Million2MWK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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