Financials Equity Group Holdings Plc

Equities

End-of-day quote Nairobi S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
43.05 ^KES	+2.50%		+2.26%	+27.93%

Mar. 27	Equity Group Holdings Plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Jan. 25	Marstone, Inc. announced that it has received $8 million in funding from Equity Group Holdings Plc, Castle Creek Advisors VIII LLC, South Rose Capital, Mendon Venture Partners LP	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	131,513	201,892	137,928	199,061	167,929	162,457	162,457	-
Enterprise Value (EV) ¹	131,513	201,892	137,928	199,061	167,929	126,984	162,457	162,457
P/E ratio	6.64 x	9.02 x	6.98 x	5.08 x	3.74 x	3.03 x	2.53 x	2.09 x
Yield	5.74%	4.67%	1.64%	5.69%	8.99%	11.9%	12%	15.1%
Capitalization / Revenue	1.95 x	2.66 x	1.47 x	1.76 x	-	0.7 x	0.75 x	0.64 x
EV / Revenue	1.95 x	2.66 x	1.47 x	1.76 x	-	0.7 x	0.75 x	0.64 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.4 x	1.82 x	1.04 x	1.18 x	0.95 x	0.61 x	0.59 x	0.49 x
Nbr of stocks (in thousands)	3,773,675	3,773,675	3,773,675	3,773,675	3,773,675	3,773,675	3,773,675	-
Reference price ²	34.85	53.50	36.55	52.75	44.50	43.05	43.05	43.05
Announcement Date	3/28/19	3/19/20	3/30/21	3/23/22	3/31/23	3/27/24	-	-

¹KES in Million²KES

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	67,284	75,762	93,657	113,386	-	181,683	217,133	254,911
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	32,176	36,780	47,624	57,726	73,500	96,568	122,665	152,104
Operating Margin	47.82%	48.55%	50.85%	50.91%	-	53.8%	56.49%	59.67%
Earnings before Tax (EBT) ¹	28,463	31,477	22,170	51,881	59,800	51,879	88,058	106,572
Net income ¹	19,691	22,386	19,789	39,174	46,100	41,976	65,298	79,191
Net margin	29.27%	29.55%	21.13%	34.55%	-	23.1%	30.07%	31.07%
EPS ²	5.250	5.930	5.240	10.38	11.90	11.12	17.03	20.65
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	2.000	2.500	0.6000	3.000	4.000	4.000	5.167	6.500
Announcement Date	3/28/19	3/19/20	3/30/21	3/23/22	3/31/23	3/27/24	-	-

¹KES in Million²KES

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	21.1%	21.9%	16.3%	26%	26.7%	21.9%	28.3%	28.6%
ROA (Net income/ Total Assets)	3.59%	3.59%	2.34%	3.38%	3.35%	2.57%	4%	4.2%
Assets ¹	548,930	623,530	844,402	1,160,002	1,376,119	1,633,316	1,632,440	1,885,490
Book Value Per Share ²	24.90	29.30	35.00	44.80	46.70	55.00	73.10	88.70
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	3/28/19	3/19/20	3/30/21	3/23/22	3/31/23	3/27/24	-	-

¹KES in Million²KES

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

43.05 KES

Average target price

65.66 KES

Spread / Average Target

+52.51%

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