Financials The Jamaica Stock Exchange Limited

Equities

JSE

JME201300022

Financial & Commodity Market Operators

End-of-day quote JAMAICA STOCK EXCHANGE 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
10.54 JMD -6.14% Intraday chart for The Jamaica Stock Exchange Limited -5.89% +5.40%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 7,363 19,565 14,053 12,622 11,115 7,012
Enterprise Value (EV) 1 7,104 19,433 13,900 12,530 10,786 6,715
P/E ratio 17.8 x 37.6 x 34.5 x 25.4 x 22.1 x 16.9 x
Yield 3.94% 1.86% 1.55% 2.16% 1.82% -
Capitalization / Revenue 5.46 x 10.8 x 8.51 x 6.75 x 5.34 x 3.36 x
EV / Revenue 5.27 x 10.7 x 8.42 x 6.7 x 5.18 x 3.21 x
EV / EBITDA 11.5 x 23.7 x 21.5 x 17.2 x 13.9 x 9.83 x
EV / FCF 26.1 x 135 x 34.6 x 102 x 32.2 x 94.1 x
FCF Yield 3.84% 0.74% 2.89% 0.98% 3.11% 1.06%
Price to Book 6.54 x 13.3 x 9.16 x 6.67 x 5 x 2.68 x
Nbr of stocks (in thousands) 701,250 701,250 701,250 701,250 701,250 701,250
Reference price 2 10.50 27.90 20.04 18.00 15.85 10.00
Announcement Date 3/1/19 2/28/20 3/1/21 5/4/22 3/1/23 3/1/24
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,349 1,815 1,652 1,870 2,081 2,090
EBITDA 1 618 819.5 646.7 728.5 777.9 683.3
EBIT 1 589 788.1 612 692.4 731.8 620.2
Operating Margin 43.67% 43.42% 37.05% 37.03% 35.17% 29.67%
Earnings before Tax (EBT) 1 592.5 803.1 618.5 741 762.6 683
Net income 1 413.1 519.9 406.9 497.3 503.2 416
Net margin 30.62% 28.64% 24.64% 26.6% 24.18% 19.9%
EPS 2 0.5890 0.7414 0.5803 0.7092 0.7176 0.5932
Free Cash Flow 1 272.5 144 401.3 123.1 335.3 71.36
FCF margin 20.2% 7.93% 24.3% 6.58% 16.11% 3.41%
FCF Conversion (EBITDA) 44.1% 17.57% 62.06% 16.9% 43.11% 10.44%
FCF Conversion (Net income) 65.97% 27.7% 98.62% 24.76% 66.64% 17.15%
Dividend per Share 2 0.4140 0.5200 0.3100 0.3880 0.2880 -
Announcement Date 3/1/19 2/28/20 3/1/21 5/4/22 3/1/23 3/1/24
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 259 132 153 92.5 329 298
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 272 144 401 123 335 71.4
ROE (net income / shareholders' equity) 39.8% 40.1% 27.1% 29% 24.5% 17.2%
ROA (Net income/ Total Assets) 26.6% 29.7% 20.8% 21.1% 18.9% 13.7%
Assets 1 1,552 1,751 1,955 2,358 2,663 3,041
Book Value Per Share 2 1.600 2.100 2.190 2.700 3.170 3.730
Cash Flow per Share 2 0.3400 0.1500 0.2000 0.1100 0.2800 0.3400
Capex 1 129 53.8 49.7 88.1 119 89.4
Capex / Sales 9.58% 2.97% 3.01% 4.71% 5.74% 4.28%
Announcement Date 3/1/19 2/28/20 3/1/21 5/4/22 3/1/23 3/1/24
1JMD in Million2JMD
Estimates
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