Financials Reliance Insurance Limited

Equities

RELIANCINS

BD0714RELI07

Multiline Insurance & Brokers

End-of-day quote Dhaka S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
54.4 BDT -1.27% Intraday chart for Reliance Insurance Limited -4.73% -20.58%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 3,950 4,754 4,359 4,575 6,520 9,202
Enterprise Value (EV) 1 1,990 2,743 1,908 1,730 3,403 5,718
P/E ratio 11 x 10.4 x 8.75 x 7.81 x 11.9 x 15.7 x
Yield 3% 2.74% 3.29% 5.75% 4.03% 2.86%
Capitalization / Revenue 2.68 x 2.69 x 2.34 x 2.33 x 3.85 x 5.28 x
EV / Revenue 1.35 x 1.55 x 1.02 x 0.88 x 2.01 x 3.28 x
EV / EBITDA 3.73 x 4.1 x 2.61 x 1.94 x 4.17 x 6.48 x
EV / FCF 13.7 x 21.5 x 3.37 x 4.5 x 3.96 x 7.4 x
FCF Yield 7.3% 4.64% 29.7% 22.2% 25.3% 13.5%
Price to Book 0.9 x 0.85 x 0.75 x 0.83 x 1.02 x 1.36 x
Nbr of stocks (in thousands) 105,161 105,161 105,161 105,161 105,161 105,161
Reference price 2 37.57 45.21 41.45 43.50 62.00 87.50
Announcement Date 4/16/17 3/19/18 3/12/19 3/15/20 4/14/21 3/10/22
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 1,473 1,769 1,864 1,965 1,695 1,741
EBITDA 1 533 669.3 729.6 891.4 815.4 882.4
EBIT 1 504.4 638.7 697.3 852 773.9 842.7
Operating Margin 34.23% 36.1% 37.4% 43.35% 45.64% 48.4%
Earnings before Tax (EBT) 1 494.7 630.5 694.4 849.8 770.5 836.9
Net income 1 357.8 459 498.1 585.4 548.2 587.8
Net margin 24.28% 25.94% 26.72% 29.79% 32.33% 33.76%
EPS 2 3.402 4.364 4.737 5.567 5.213 5.590
Free Cash Flow 1 145.3 127.3 566.9 384.1 860.4 772.6
FCF margin 9.86% 7.2% 30.4% 19.55% 50.75% 44.37%
FCF Conversion (EBITDA) 27.25% 19.02% 77.7% 43.09% 105.51% 87.55%
FCF Conversion (Net income) 40.61% 27.74% 113.8% 65.62% 156.95% 131.44%
Dividend per Share 2 1.127 1.240 1.364 2.500 2.500 2.500
Announcement Date 4/16/17 3/19/18 3/12/19 3/15/20 4/14/21 3/10/22
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 - - - - - -
Net Cash position 1 1,961 2,011 2,452 2,844 3,117 3,483
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 145 127 567 384 860 773
ROE (net income / shareholders' equity) 8.35% 9.16% 8.77% 10.3% 9.2% 8.93%
ROA (Net income/ Total Assets) 4.88% 5.38% 5.12% 5.98% 5.02% 4.93%
Assets 1 7,327 8,526 9,736 9,786 10,924 11,920
Book Value Per Share 2 41.90 53.40 55.30 52.60 60.70 64.40
Cash Flow per Share 2 18.60 19.10 23.30 27.00 29.60 33.10
Capex 1 131 104 54.3 348 111 192
Capex / Sales 8.89% 5.89% 2.91% 17.71% 6.54% 11%
Announcement Date 4/16/17 3/19/18 3/12/19 3/15/20 4/14/21 3/10/22
1BDT in Million2BDT
Estimates
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