Financials Botswana Telecommunications Corporation Limited

Equities

BTCL

BW0000001569

Integrated Telecommunications Services

End-of-day quote Botswana S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.81 BWP 0.00% Intraday chart for Botswana Telecommunications Corporation Limited -1.22% -2.41%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 1,260 945 903 735 724.5 903
Enterprise Value (EV) 1 809.9 639.5 932.3 750.8 517.1 582.9
P/E ratio 5.8 x 5.83 x 8.49 x 5.43 x 5.15 x 8.34 x
Yield 11.2% 10.3% 4.15% 12.1% 12.6% 7.8%
Capitalization / Revenue 0.8 x 0.65 x 0.65 x 0.52 x 0.52 x 0.64 x
EV / Revenue 0.52 x 0.44 x 0.67 x 0.53 x 0.37 x 0.42 x
EV / EBITDA 2.37 x 1.91 x 3.37 x 2.13 x 1.51 x 2.01 x
EV / FCF -64.9 x -11 x -8.83 x 3.09 x 3.49 x 8.07 x
FCF Yield -1.54% -9.12% -11.3% 32.4% 28.7% 12.4%
Price to Book 0.61 x 0.45 x 0.43 x 0.32 x 0.32 x 0.38 x
Nbr of stocks (in thousands) 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000
Reference price 2 1.200 0.9000 0.8600 0.7000 0.6900 0.8600
Announcement Date 8/30/18 9/2/19 9/29/20 9/7/21 9/1/22 5/30/23
1BWP in Million2BWP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,567 1,448 1,396 1,426 1,392 1,400
EBITDA 1 342.1 335.2 276.5 352.4 341.6 289.7
EBIT 1 209.3 158.8 91.5 149.3 146.9 116.7
Operating Margin 13.36% 10.96% 6.55% 10.47% 10.55% 8.33%
Earnings before Tax (EBT) 1 263.9 196.7 127.5 165.8 182.4 148.5
Net income 1 217.4 162.1 106.4 135.3 140.8 108.3
Net margin 13.87% 11.19% 7.62% 9.49% 10.11% 7.74%
EPS 2 0.2070 0.1543 0.1013 0.1289 0.1341 0.1032
Free Cash Flow 1 -12.48 -58.3 -105.6 243.2 148.2 72.2
FCF margin -0.8% -4.03% -7.56% 17.05% 10.65% 5.16%
FCF Conversion (EBITDA) - - - 69.02% 43.4% 24.92%
FCF Conversion (Net income) - - - 179.74% 105.29% 66.65%
Dividend per Share 2 0.1343 0.0926 0.0357 0.0844 0.0871 0.0671
Announcement Date 8/30/18 9/2/19 9/29/20 9/7/21 9/1/22 5/30/23
1BWP in Million2BWP
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 29.3 15.8 - -
Net Cash position 1 450 305 - - 207 320
Leverage (Debt/EBITDA) - - 0.1059 x 0.0449 x - -
Free Cash Flow 1 -12.5 -58.3 -106 243 148 72.2
ROE (net income / shareholders' equity) 10.8% 7.82% 5.1% 6.16% 6.23% 4.68%
ROA (Net income/ Total Assets) 5.5% 3.96% 2.23% 3.16% 3.07% 2.42%
Assets 1 3,954 4,089 4,780 4,282 4,587 4,476
Book Value Per Share 2 1.960 1.980 1.990 2.160 2.170 2.240
Cash Flow per Share 2 0.4300 0.2900 0.1100 0.3500 0.5000 0.5400
Capex 1 277 322 117 199 113 209
Capex / Sales 17.71% 22.22% 8.41% 13.95% 8.12% 14.95%
Announcement Date 8/30/18 9/2/19 9/29/20 9/7/21 9/1/22 5/30/23
1BWP in Million2BWP
Estimates
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