Financials Engen Botswana Limited

Equities

ENGEN

BW0000000058

Oil & Gas Refining and Marketing

End-of-day quote Botswana S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
13.4 BWP 0.00% Intraday chart for Engen Botswana Limited 0.00% +1.90%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,693 1,661 1,656 1,642 1,653 1,821
Enterprise Value (EV) 1 1,510 1,542 1,242 1,335 1,443 1,558
P/E ratio 11.5 x 13 x 12.8 x 16.8 x 6.34 x 6.84 x
Yield 4.34% 3.83% 3.9% 2.99% 7.89% 7.6%
Capitalization / Revenue 0.76 x 0.66 x 0.57 x 0.7 x 0.61 x 0.44 x
EV / Revenue 0.68 x 0.61 x 0.42 x 0.57 x 0.53 x 0.38 x
EV / EBITDA 6.97 x 8.78 x 6.07 x 8.63 x 3.9 x 4.08 x
EV / FCF -14.8 x -30.1 x 2.95 x 24.2 x 65.2 x 12.4 x
FCF Yield -6.74% -3.32% 33.9% 4.14% 1.53% 8.04%
Price to Book 3.18 x 2.71 x 2.55 x 2.82 x 2.43 x 2.15 x
Nbr of stocks (in thousands) 159,722 159,722 159,722 159,722 159,722 159,722
Reference price 2 10.60 10.40 10.37 10.28 10.35 11.40
Announcement Date 6/5/18 6/4/19 6/9/20 3/31/21 3/31/22 7/4/23
1BWP in Million2BWP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2,217 2,534 2,925 2,344 2,723 4,112
EBITDA 1 216.7 175.7 204.4 154.7 369.6 382.2
EBIT 1 195.2 151 175.6 131.9 353.9 342.8
Operating Margin 8.8% 5.96% 6.01% 5.63% 13% 8.34%
Earnings before Tax (EBT) 1 203.5 169 180.2 147.2 354.8 353.4
Net income 1 147.5 127.4 129.2 98.01 260.9 266.1
Net margin 6.65% 5.03% 4.42% 4.18% 9.58% 6.47%
EPS 2 0.9235 0.7973 0.8087 0.6136 1.633 1.666
Free Cash Flow 1 -101.8 -51.25 421.4 55.26 22.11 125.2
FCF margin -4.59% -2.02% 14.41% 2.36% 0.81% 3.05%
FCF Conversion (EBITDA) - - 206.15% 35.72% 5.98% 32.76%
FCF Conversion (Net income) - - 326.26% 56.38% 8.48% 47.06%
Dividend per Share 2 0.4600 0.3987 0.4040 0.3070 0.8170 0.8660
Announcement Date 6/5/18 6/4/19 6/9/20 3/31/21 3/31/22 7/4/23
1BWP in Million2BWP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 183 119 414 307 210 263
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -102 -51.3 421 55.3 22.1 125
ROE (net income / shareholders' equity) 28.4% 22.2% 20.5% 15.9% 41.4% 34.5%
ROA (Net income/ Total Assets) 14.7% 10.4% 10.9% 8.22% 20.2% 16.5%
Assets 1 1,001 1,225 1,184 1,193 1,292 1,617
Book Value Per Share 2 3.330 3.840 4.060 3.640 4.250 5.310
Cash Flow per Share 2 1.140 0.7500 3.010 2.450 1.840 2.160
Capex 1 42.9 26.3 23.2 37.9 30.2 41.4
Capex / Sales 1.93% 1.04% 0.79% 1.62% 1.11% 1.01%
Announcement Date 6/5/18 6/4/19 6/9/20 3/31/21 3/31/22 7/4/23
1BWP in Million2BWP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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