Financials Federal Insurance Company Limited

Equities

FEDERALINS

BD0713FEDI02

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
22.9 BDT -0.43% Intraday chart for Federal Insurance Company Limited -5.76% -6.53%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 779.4 625 954 1,691 2,543 1,762
Enterprise Value (EV) 1 735.9 522.7 772.9 1,399 2,086 1,275
P/E ratio 21.8 x 18.5 x 21 x 18.8 x 26.4 x 24 x
Yield - - 3.55% 2% 2.79% 4.03%
Capitalization / Revenue 2.39 x 1.66 x 2.18 x 3.77 x 5.39 x 3.65 x
EV / Revenue 2.26 x 1.39 x 1.77 x 3.12 x 4.42 x 2.64 x
EV / EBITDA 10.3 x 7.92 x 9.6 x 10 x 13.8 x 9.9 x
EV / FCF -3.37 x 14.5 x -50.9 x 8.14 x 11.9 x 18.5 x
FCF Yield -29.7% 6.91% -1.97% 12.3% 8.44% 5.4%
Price to Book 1.1 x 0.85 x 1.19 x 2.02 x 2.77 x 1.91 x
Nbr of stocks (in thousands) 71,040 71,040 71,040 71,040 71,040 71,040
Reference price 2 10.97 8.798 13.43 23.81 35.80 24.80
Announcement Date 3/1/18 4/28/19 7/13/21 7/13/21 6/10/22 6/28/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 325.6 376.6 437.1 448.1 471.5 482.8
EBITDA 1 71.39 66.01 80.49 139.8 150.9 128.8
EBIT 1 59.29 54.36 70.86 130.8 137.1 113
Operating Margin 18.21% 14.43% 16.21% 29.2% 29.07% 23.41%
Earnings before Tax (EBT) 1 56.4 53.4 64.14 128.2 140.1 112.2
Net income 1 35.8 33.7 45.53 90 96.36 73.48
Net margin 11% 8.95% 10.42% 20.09% 20.44% 15.22%
EPS 2 0.5039 0.4744 0.6409 1.267 1.356 1.034
Free Cash Flow 1 -218.7 36.12 -15.2 172 176 68.89
FCF margin -67.17% 9.59% -3.48% 38.38% 37.32% 14.27%
FCF Conversion (EBITDA) - 54.72% - 123.06% 116.65% 53.48%
FCF Conversion (Net income) - 107.18% - 191.09% 182.62% 93.76%
Dividend per Share - - 0.4762 0.4762 1.000 1.000
Announcement Date 3/1/18 4/28/19 7/13/21 7/13/21 6/10/22 6/28/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 43.4 102 181 292 457 487
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -219 36.1 -15.2 172 176 68.9
ROE (net income / shareholders' equity) 5.2% 4.66% 5.98% 11.1% 11% 7.99%
ROA (Net income/ Total Assets) 3.03% 2.55% 3.24% 5.67% 5.5% 4.57%
Assets 1 1,182 1,323 1,406 1,587 1,752 1,606
Book Value Per Share 2 9.930 10.40 11.30 11.80 12.90 13.00
Cash Flow per Share 2 2.910 3.210 3.760 5.100 6.930 6.970
Capex 1 15.6 12.8 1.36 122 17.7 23.7
Capex / Sales 4.8% 3.4% 0.31% 27.13% 3.75% 4.92%
Announcement Date 3/1/18 4/28/19 7/13/21 7/13/21 6/10/22 6/28/23
1BDT in Million2BDT
Estimates
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