Financials Pulse Investments Limited

Equities

PULS

JMP792921018

Entertainment Production

End-of-day quote JAMAICA STOCK EXCHANGE 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
1.8 JMD -1.64% Intraday chart for Pulse Investments Limited -1.64% -13.88%

Valuation

Fiscal Period: Juni 2018 2019 2020 2021 2022 2023
Capitalization 1 2,935 4,550 21,200 28,440 28,831 18,199
Enterprise Value (EV) 1 2,944 4,568 21,330 28,827 29,245 18,827
P/E ratio 9.73 x 6.96 x 25.2 x 19.4 x 16.1 x 11.6 x
Yield 1% 0.72% 0.15% 0.11% - 0.18%
Capitalization / Revenue 6.61 x 7.34 x 31.3 x 35.2 x 31 x 19.2 x
EV / Revenue 6.63 x 7.37 x 31.5 x 35.7 x 31.4 x 19.8 x
EV / EBITDA 15.6 x 18.3 x 72.9 x 67.7 x 43.5 x 29.6 x
EV / FCF 26 x 28.4 x 119 x 106 x 71.8 x 61.2 x
FCF Yield 3.85% 3.53% 0.84% 0.94% 1.39% 1.63%
Price to Book 1.14 x 1.41 x 5.19 x 5.09 x 3.87 x 2.01 x
Nbr of stocks (in thousands) 6,522,952 6,522,952 6,522,952 6,522,952 6,522,952 6,522,952
Reference price 2 0.4500 0.6975 3.250 4.360 4.420 2.790
Announcement Date 10/17/18 9/26/19 8/31/20 9/23/21 9/26/22 10/12/23
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 444 619.9 678.1 807 930.6 948.9
EBITDA 1 189.3 249.7 292.7 425.5 672.1 635.9
EBIT 1 187.6 246.9 289.8 422.5 666.3 631.6
Operating Margin 42.24% 39.84% 42.74% 52.35% 71.6% 66.56%
Earnings before Tax (EBT) 1 345.2 676.7 853.7 1,517 1,884 1,591
Net income 1 301.8 653.2 840.4 1,469 1,787 1,573
Net margin 67.97% 105.38% 123.94% 182.02% 191.99% 165.78%
EPS 2 0.0463 0.1001 0.1288 0.2252 0.2739 0.2412
Free Cash Flow 1 113.2 161.1 178.7 271.7 407.1 307.5
FCF margin 25.5% 25.98% 26.36% 33.67% 43.75% 32.41%
FCF Conversion (EBITDA) 59.8% 64.5% 61.05% 63.86% 60.58% 48.36%
FCF Conversion (Net income) 37.51% 24.65% 21.27% 18.5% 22.79% 19.55%
Dividend per Share 2 0.004500 0.005000 0.005000 0.005000 - 0.005000
Announcement Date 10/17/18 9/26/19 8/31/20 9/23/21 9/26/22 10/12/23
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 8.87 18.3 131 387 413 628
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.0468 x 0.0731 x 0.4467 x 0.9089 x 0.6149 x 0.9874 x
Free Cash Flow 1 113 161 179 272 407 308
ROE (net income / shareholders' equity) 12.4% 22.5% 22.9% 30.4% 27.4% 19.1%
ROA (Net income/ Total Assets) 4.35% 4.71% 4.33% 4.55% 5.13% 3.81%
Assets 1 6,932 13,869 19,386 32,312 34,821 41,243
Book Value Per Share 2 0.4000 0.5000 0.6300 0.8600 1.140 1.390
Cash Flow per Share 2 0.0100 0.0100 0.0200 0.0100 0.0300 0.0100
Capex 1 8.23 10.8 1.91 0.86 15.2 1.72
Capex / Sales 1.85% 1.74% 0.28% 0.11% 1.64% 0.18%
Announcement Date 10/17/18 9/26/19 8/31/20 9/23/21 9/26/22 10/12/23
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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