ADCOCK INGRAM HOLDINGS LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 55.69 ZAR | +0.34% |
|
+1.25% | -7.34% |
| Feb. 21 | Adcock Ingram Holdings Limited Reports Earnings Results for the Half Year Ended December 31, 2023 | CI |
| Feb. 21 | Transcript : Adcock Ingram Holdings Limited, H1 2024 Earnings Call, Feb 21, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,217 | 8,100 | 7,166 | 7,735 | 8,602 | 8,411 | - | - |
| Enterprise Value (EV) 1 | 9,768 | 7,784 | 7,399 | 7,727 | 8,602 | 8,411 | 8,411 | 8,411 |
| P/E ratio | 14.4 x | 12.1 x | - | - | - | - | - | - |
| Yield | 3.36% | 2.08% | - | 4.29% | 4.44% | 4.12% | 4.38% | 4.82% |
| Capitalization / Revenue | 1.42 x | 1.1 x | 0.92 x | 0.89 x | 0.94 x | 0.87 x | 0.83 x | 0.78 x |
| EV / Revenue | 1.42 x | 1.1 x | 0.92 x | 0.89 x | 0.94 x | 0.87 x | 0.83 x | 0.78 x |
| EV / EBITDA | 9.72 x | 7.49 x | 6.86 x | 6.21 x | 6.45 x | 5.97 x | 5.62 x | 5.14 x |
| EV / FCF | 35,172,080 x | 21,755,394 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 2.32 x | 1.77 x | 1.53 x | 1.53 x | - | 1.42 x | 1.29 x | 1.17 x |
| Nbr of stocks (in thousands) | 171,422 | 168,759 | 161,759 | 155,759 | 152,796 | 151,026 | - | - |
| Reference price 2 | 59.60 | 48.00 | 44.30 | 49.66 | 56.30 | 55.69 | 55.69 | 55.69 |
| Announcement Date | 8/27/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/22/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,175 | 7,347 | 7,777 | 8,706 | 9,132 | 9,618 | 10,191 | 10,815 |
| EBITDA 1 | 1,051 | 1,082 | 1,045 | 1,245 | 1,334 | 1,409 | 1,497 | 1,635 |
| EBIT 1 | 886.6 | 862.2 | 849.8 | 1,053 | 1,136 | 1,203 | 1,275 | 1,396 |
| Operating Margin | 12.36% | 11.74% | 10.93% | 12.09% | 12.43% | 12.51% | 12.51% | 12.91% |
| Earnings before Tax (EBT) 1 | 969.6 | 930 | 905.9 | 1,102 | 1,205 | 1,277 | 1,358 | 1,494 |
| Net income | 688 | 682.2 | - | - | - | - | - | - |
| Net margin | 9.59% | 9.29% | - | - | - | - | - | - |
| EPS | 4.138 | 3.980 | - | - | - | - | - | - |
| Free Cash Flow | 290.5 | 372.3 | - | - | - | - | - | - |
| FCF margin | 4.05% | 5.07% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 27.64% | 34.41% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 42.22% | 54.58% | - | - | - | - | - | - |
| Dividend per Share 2 | 2.000 | 1.000 | - | 2.130 | 2.500 | 2.296 | 2.441 | 2.686 |
| Announcement Date | 8/27/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/22/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | 233 | - | - | - | - | - |
| Net Cash position | 448 | 317 | - | 7.74 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.2234 x | - | - | - | - | - |
| Free Cash Flow | 290 | 372 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 16.8% | 15.3% | 14.3% | 16.1% | 16.9% | 15.8% | 15.8% | 15.7% |
| ROA (Net income/ Total Assets) | 11% | 10.1% | - | - | - | - | - | - |
| Assets | 6,261 | 6,774 | - | - | - | - | - | - |
| Book Value Per Share 1 | 25.70 | 27.10 | 28.90 | 32.40 | - | 39.10 | 43.20 | 47.70 |
| Cash Flow per Share 1 | 3.040 | 3.090 | 1.980 | 3.990 | - | 6.210 | 6.980 | 7.660 |
| Capex 2 | 215 | 154 | 112 | 120 | - | 289 | 306 | 324 |
| Capex / Sales | 3% | 2.09% | 1.44% | 1.38% | - | 3% | 3% | 3% |
| Announcement Date | 8/27/19 | 8/26/20 | 8/25/21 | 8/24/22 | 8/22/23 | - | - | - |
1ZAR2ZAR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
55.69
ZAR
Average target price
56
ZAR
Spread / Average Target
+0.56%
Chiffre d''affaires - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.34% | 447M | |
| +19.62% | 43.34B | |
| +20.44% | 21.96B | |
| +10.86% | 14.09B | |
| +13.07% | 13.64B | |
| +37.46% | 11.43B | |
| -8.59% | 6.86B | |
| -0.05% | 6.79B | |
| -8.87% | 5.73B | |
| +8.46% | 5.22B |
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