Financials NCB Financial Group Limited

Equities

NCBFG

JME201700064

Banks

End-of-day quote JAMAICA STOCK EXCHANGE 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
64.49 JMD +5.72% Intraday chart for NCB Financial Group Limited +3.18% -7.86%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 307,684 505,689 313,887 301,212 206,543 160,814
Enterprise Value (EV) 1 502,349 695,279 528,605 535,825 514,031 566,174
P/E ratio 11 x 16.9 x 16.4 x 20.3 x 7.57 x 21.2 x
Yield 2.24% 1.75% 0.76% 0.39% - 0.71%
Capitalization / Revenue 4.08 x 5.12 x 2.88 x 2.49 x 1.38 x 1.17 x
EV / Revenue 6.66 x 7.04 x 4.86 x 4.42 x 3.44 x 4.12 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 2.36 x 3.35 x 1.99 x 1.8 x 1.38 x 0.95 x
Nbr of stocks (in thousands) 2,461,469 2,453,489 2,396,086 2,371,748 2,294,665 2,298,327
Reference price 2 125.0 206.1 131.0 127.0 90.01 69.97
Announcement Date 11/29/18 11/29/19 11/29/20 11/30/21 11/30/22 12/7/23
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 75,414 98,812 108,827 121,105 149,597 137,259
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 33,989 36,973 27,573 26,596 45,869 19,962
Net income 1 27,959 29,576 19,090 14,227 27,319 7,592
Net margin 37.07% 29.93% 17.54% 11.75% 18.26% 5.53%
EPS 2 11.40 12.18 8.007 6.250 11.89 3.302
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 2.800 3.600 1.000 0.5000 - 0.5000
Announcement Date 11/29/18 11/29/19 11/29/20 11/30/21 11/30/22 12/7/23
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 194,666 189,591 214,718 234,613 307,488 405,360
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 22.4% 18.8% 14% 9.87% 19.7% 7.36%
ROA (Net income/ Total Assets) 3.42% 2.37% 1.57% 1.08% 2% 0.71%
Assets 1 817,962 1,247,319 1,213,089 1,318,750 1,367,176 1,064,679
Book Value Per Share 2 53.00 61.50 65.80 70.40 65.10 74.00
Cash Flow per Share 2 34.50 70.90 90.10 90.00 96.40 76.20
Capex 1 2,541 4,170 4,531 3,441 3,093 3,153
Capex / Sales 3.37% 4.22% 4.16% 2.84% 2.07% 2.3%
Announcement Date 11/29/18 11/29/19 11/29/20 11/30/21 11/30/22 12/7/23
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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