Financials Copperbelt Energy Corporation Plc

Equities

CEC

ZM0000000136

Electric Utilities

End-of-day quote Lusaka S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.7 ZMW 0.00% Intraday chart for Copperbelt Energy Corporation Plc 0.00% +8.60%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,356 2,031 1,788 4,306 6,143 11,521
Enterprise Value (EV) 1 2,351 2,033 1,754 4,253 6,087 11,481
P/E ratio 42.2 x 166 x 319 x 167 x 121 x 83.7 x
Yield 1.31% - 1.91% 0.87% 0.82% 0.48%
Capitalization / Revenue 5.59 x 4.98 x 4.82 x 12.6 x 16.4 x 30.1 x
EV / Revenue 5.58 x 4.98 x 4.73 x 12.4 x 16.3 x 30 x
EV / EBITDA 23.6 x 21.7 x 12.9 x 52.7 x 63 x 42.2 x
EV / FCF 45.7 x 30.8 x 13.7 x 91.2 x 113 x 2,450 x
FCF Yield 2.19% 3.25% 7.31% 1.1% 0.88% 0.04%
Price to Book 6.31 x 5.74 x 5.91 x 13.1 x 18.5 x 27.7 x
Nbr of stocks (in thousands) 1,625,001 1,625,001 1,625,001 1,625,001 1,625,001 1,625,001
Reference price 2 1.450 1.250 1.100 2.650 3.780 7.090
Announcement Date 3/8/19 9/8/20 4/7/21 3/25/22 3/24/23 3/8/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 421.2 408.3 370.9 342.5 374.4 382.3
EBITDA 1 99.67 93.56 136.5 80.68 96.63 272.1
EBIT 1 81.63 73.1 114.6 57.51 73.57 247.6
Operating Margin 19.38% 17.91% 30.89% 16.79% 19.65% 64.76%
Earnings before Tax (EBT) 1 90.3 12.52 6.675 70.9 75.82 213.8
Net income 1 55.86 12.25 5.609 25.76 50.82 137.6
Net margin 13.26% 3% 1.51% 7.52% 13.57% 36.01%
EPS 2 0.0344 0.007535 0.003451 0.0159 0.0313 0.0847
Free Cash Flow 1 51.48 65.98 128.2 46.64 53.71 4.686
FCF margin 12.22% 16.16% 34.56% 13.62% 14.34% 1.23%
FCF Conversion (EBITDA) 51.65% 70.52% 93.93% 57.81% 55.59% 1.72%
FCF Conversion (Net income) 92.17% 538.83% 2,285.18% 181.08% 105.7% 3.4%
Dividend per Share 2 0.0190 - 0.0210 0.0230 0.0310 0.0340
Announcement Date 3/8/19 9/8/20 4/7/21 3/25/22 3/24/23 3/8/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 1.68 - - - -
Net Cash position 1 5.48 - 33 53.5 55.9 39.9
Leverage (Debt/EBITDA) - 0.018 x - - - -
Free Cash Flow 1 51.5 66 128 46.6 53.7 4.69
ROE (net income / shareholders' equity) 15.6% 3.38% 1.71% 16.2% 15.4% 36.8%
ROA (Net income/ Total Assets) 8.08% 7.13% 10.9% 5.33% 6.88% 23.1%
Assets 1 690.9 171.9 51.51 483.7 738.8 595.1
Book Value Per Share 2 0.2300 0.2200 0.1900 0.2000 0.2000 0.2600
Cash Flow per Share 2 0.0500 0.0500 0.0500 0.0600 0.0500 0.0700
Capex 1 22.5 21 8.34 16.4 37.5 45.2
Capex / Sales 5.34% 5.14% 2.25% 4.78% 10% 11.83%
Announcement Date 3/8/19 9/8/20 4/7/21 3/25/22 3/24/23 3/8/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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