Financials Tropical Battery Company Limited

Equities

TROPICAL

JME202000092

End-of-day quote JAMAICA STOCK EXCHANGE 06:00:00 2024-07-18 pm EDT 5-day change 1st Jan Change
2.09 JMD -0.48% Intraday chart for Tropical Battery Company Limited -4.13% +10.00%

Valuation

Fiscal Period: September 2020 2021 2022 2023
Capitalization 1 1,677 1,781 3,289 2,581
Enterprise Value (EV) 1 1,998 2,179 3,758 3,329
P/E ratio 38.4 x 20.2 x 16.7 x 19 x
Yield - 2.19% 1.58% -
Capitalization / Revenue 0.9 x 0.89 x 1.25 x 0.92 x
EV / Revenue 1.07 x 1.09 x 1.43 x 1.19 x
EV / EBITDA 15.9 x 13.8 x 14.9 x 15 x
EV / FCF 15.7 x -21.9 x -27.4 x -17.4 x
FCF Yield 6.35% -4.56% -3.64% -5.73%
Price to Book 2.28 x 2.16 x 3.26 x 2.45 x
Nbr of stocks (in thousands) 1,300,000 1,300,000 1,300,000 1,303,750
Reference price 2 1.290 1.370 2.530 1.980
Announcement Date 1/15/21 12/14/21 12/16/22 2/28/24
1JMD in Million2JMD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 1,469 1,743 1,867 1,997 2,625 2,802
EBITDA 1 77.93 117.9 125.5 158.3 251.7 222.2
EBIT 1 55.17 94.02 102.8 125.9 217.7 189.1
Operating Margin 3.76% 5.4% 5.5% 6.3% 8.29% 6.75%
Earnings before Tax (EBT) 1 44.89 86.58 60.58 87.52 197.5 144.8
Net income 1 30.98 62.9 29.34 88.33 197 135.2
Net margin 2.11% 3.61% 1.57% 4.42% 7.5% 4.83%
EPS 2 0.0368 0.0747 0.0336 0.0679 0.1515 0.1039
Free Cash Flow 1 -22.75 98.44 126.9 -99.4 -136.9 -190.9
FCF margin -1.55% 5.65% 6.8% -4.98% -5.22% -6.81%
FCF Conversion (EBITDA) - 83.5% 101.08% - - -
FCF Conversion (Net income) - 156.51% 432.5% - - -
Dividend per Share - - - 0.0300 0.0400 -
Announcement Date 9/15/20 9/15/20 1/15/21 12/14/21 12/16/22 2/28/24
1JMD in Million2JMD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 576 452 321 398 469 748
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.394 x 3.834 x 2.557 x 2.512 x 1.865 x 3.365 x
Free Cash Flow 1 -22.7 98.4 127 -99.4 -137 -191
ROE (net income / shareholders' equity) 6.48% 12% 4.58% 11.3% 21.5% 13.5%
ROA (Net income/ Total Assets) 2.49% 4.3% 4.6% 4.93% 7.2% 5.26%
Assets 1 1,243 1,464 637.8 1,790 2,738 2,569
Book Value Per Share 2 0.6000 0.6500 0.5700 0.6400 0.7800 0.8100
Cash Flow per Share 2 0.0900 0.1700 0.2000 0.1300 0.1300 0.1500
Capex 1 24.5 22 115 49.4 18.3 48.6
Capex / Sales 1.67% 1.26% 6.14% 2.48% 0.7% 1.74%
Announcement Date 9/15/20 9/15/20 1/15/21 12/14/21 12/16/22 2/28/24
1JMD in Million2JMD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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