Financials Delta Corporation Limited

Equities

DLTA

ZW0009011199

Brewers

End-of-day quote Zimbabwe S.E. 06:00:00 2024-04-04 pm EDT 5-day change 1st Jan Change
17,001 ZWL +0.01% Intraday chart for Delta Corporation Limited 0.00% +384.45%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 629,105 2,792 7,761 59,108 308,097 1,062,133
Enterprise Value (EV) 2 628,868 1,936 7,264 58,944 304,821 1,053,780
P/E ratio 22 x 2.59 x 7.3 x 9.3 x 19.6 x 16.6 x
Yield 4.54% - 1.08% 3.25% 0.81% 1.16%
Capitalization / Revenue 1,246 x 0.42 x 1.05 x 1.7 x 3.13 x 2.26 x
EV / Revenue 1,246 x 0.29 x 0.98 x 1.69 x 3.1 x 2.24 x
EV / EBITDA 4,811 x 0.92 x 2.76 x 4.85 x 10.5 x 9.36 x
EV / FCF 3,172 x -0.05 x 26.2 x 13.1 x 27.7 x 289 x
FCF Yield 0.03% -1,852% 3.82% 7.64% 3.61% 0.35%
Price to Book 3.97 x 0.48 x 1.27 x 2.29 x 5.65 x 4.5 x
Nbr of stocks (in thousands) 1,228,795 1,240,831 1,240,831 1,278,829 1,278,829 1,278,829
Reference price 3 1.588 2.250 6.255 46.22 240.9 830.6
Announcement Date 7/5/18 5/29/20 5/29/20 6/10/21 6/2/22 5/19/23
1ZWL in Million2USD in Million3ZWL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2018 2019 2020 2021 2022 2023
Net sales 1 504.7 6,587 7,375 34,831 98,364 470,204
EBITDA 1 130.7 2,097 2,634 12,150 29,057 112,600
EBIT 1 104.7 1,810 2,152 10,714 25,375 99,795
Operating Margin 20.75% 27.48% 29.18% 30.76% 25.8% 21.22%
Earnings before Tax (EBT) 1 115.3 1,539 1,503 9,152 19,835 87,329
Net income 1 88.83 1,092 1,093 6,384 15,968 65,392
Net margin 17.6% 16.58% 14.82% 18.33% 16.23% 13.91%
EPS 2 0.0720 0.8684 0.8568 4.968 12.32 50.15
Free Cash Flow 1 198.3 -35,858 277.3 4,501 10,993 3,650
FCF margin 39.28% -544.35% 3.76% 12.92% 11.18% 0.78%
FCF Conversion (EBITDA) 151.67% - 10.53% 37.05% 37.83% 3.24%
FCF Conversion (Net income) 223.19% - 25.38% 70.51% 68.84% 5.58%
Dividend per Share 2 0.0720 - 0.0675 1.500 1.950 9.675
Announcement Date 7/5/18 5/29/20 5/29/20 6/10/21 6/2/22 5/19/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 236 856 497 164 3,276 8,354
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 198 -35,858 277 4,501 10,993 3,650
ROE (net income / shareholders' equity) 18.1% 1.32% 17.3% 26.4% 31.4% 30.7%
ROA (Net income/ Total Assets) 8.49% 0.81% 12.4% 15.9% 18.3% 18.1%
Assets 1 1,046 135,392 8,845 40,210 87,205 361,305
Book Value Per Share 2 0.4000 4.730 4.940 20.20 42.70 185.0
Cash Flow per Share 2 0.2300 1.620 0.1800 1.370 4.040 12.30
Capex 1 13.9 152 228 2,450 5,694 45,874
Capex / Sales 2.75% 2.31% 3.09% 7.03% 5.79% 9.76%
Announcement Date 7/5/18 5/29/20 5/29/20 6/10/21 6/2/22 5/19/23
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
1
Last Close Price
17,001
Average target price
-
Consensus

Chiffre d''affaires - Rate of surprise

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