Financials Union Assurance PLC

Equities

UAL.N0000

LK0179N00008

Multiline Insurance & Brokers

End-of-day quote Colombo S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
49.5 LKR +1.23% Intraday chart for Union Assurance PLC +2.91% +23.13%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 20,466 19,446 17,973 17,325 16,441 23,689
Enterprise Value (EV) 1 20,013 19,272 17,406 17,026 16,166 23,395
P/E ratio 6.31 x 16.8 x 19.5 x 8.44 x 5.99 x 6.3 x
Yield 5.76% 6.06% 4.59% 7.48% - 21.8%
Capitalization / Revenue 1.41 x 1.27 x 1.03 x 0.84 x 0.71 x 0.79 x
EV / Revenue 1.38 x 1.26 x 1 x 0.82 x 0.69 x 0.78 x
EV / EBITDA 9.61 x 11.2 x 9.45 x 6.25 x 4.26 x 4.44 x
EV / FCF 34.6 x 45.2 x -203 x 329 x 2.49 x -30.9 x
FCF Yield 2.89% 2.21% -0.49% 0.3% 40.2% -3.24%
Price to Book 1.5 x 1.33 x 1.19 x 1.12 x 1.16 x 0.98 x
Nbr of stocks (in thousands) 589,286 589,286 589,286 589,286 589,286 589,286
Reference price 2 34.73 33.00 30.50 29.40 27.90 40.20
Announcement Date 3/6/19 3/6/20 3/5/21 3/7/22 3/7/23 3/5/24
1LKR in Million2LKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 14,528 15,261 17,469 20,651 23,316 29,958
EBITDA 1 2,082 1,723 1,842 2,723 3,797 5,272
EBIT 1 1,982 1,603 1,677 2,475 3,490 4,982
Operating Margin 13.64% 10.5% 9.6% 11.99% 14.97% 16.63%
Earnings before Tax (EBT) 1 2,132 1,708 1,794 2,627 3,720 5,256
Net income 1 3,244 1,158 920.6 2,054 2,747 3,758
Net margin 22.33% 7.59% 5.27% 9.94% 11.78% 12.55%
EPS 2 5.505 1.965 1.562 3.485 4.660 6.378
Free Cash Flow 1 577.7 426.7 -85.68 51.7 6,504 -758.3
FCF margin 3.98% 2.8% -0.49% 0.25% 27.9% -2.53%
FCF Conversion (EBITDA) 27.75% 24.77% - 1.9% 171.3% -
FCF Conversion (Net income) 17.81% 36.84% - 2.52% 236.77% -
Dividend per Share 2 2.000 2.000 1.400 2.200 - 8.750
Announcement Date 3/6/19 3/6/20 3/5/21 3/7/22 3/7/23 3/5/24
1LKR in Million2LKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 453 175 567 299 275 294
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 578 427 -85.7 51.7 6,504 -758
ROE (net income / shareholders' equity) 25.3% 8.17% 6.18% 13.4% 18.5% 19.6%
ROA (Net income/ Total Assets) 2.69% 1.92% 1.78% 2.32% 2.97% 3.63%
Assets 1 120,710 60,311 51,765 88,513 92,399 103,579
Book Value Per Share 2 23.20 24.90 25.60 26.20 24.10 41.00
Cash Flow per Share 2 1.180 1.070 1.630 1.650 1.620 1.420
Capex 1 154 97.6 51.6 179 127 66.9
Capex / Sales 1.06% 0.64% 0.3% 0.87% 0.54% 0.22%
Announcement Date 3/6/19 3/6/20 3/5/21 3/7/22 3/7/23 3/5/24
1LKR in Million2LKR
Estimates
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