Financials LASACO Assurance Plc

Equities

LASACO

NGLASACO0002

Multiline Insurance & Brokers

End-of-day quote Nigerian S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2 NGN 0.00% Intraday chart for LASACO Assurance Plc 0.00% +5.26%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,667 2,200 1,834 2,567 1,925 1,595
Enterprise Value (EV) 1 -3,158 -847.3 -2,522 -2,845 -7,513 -7,819
P/E ratio 5.54 x 2.99 x 5.81 x 3.78 x 7.37 x 1.08 x
Yield 8% 16.7% 20% 7.14% - 17.2%
Capitalization / Revenue 0.76 x 0.36 x 0.25 x 0.29 x 0.19 x 0.14 x
EV / Revenue -0.65 x -0.14 x -0.34 x -0.33 x -0.76 x -0.69 x
EV / EBITDA -6.63 x -0.88 x -7 x -45.8 x 13 x -46.9 x
EV / FCF 2.88 x 0.26 x -2.2 x -3.74 x 41.7 x -7.56 x
FCF Yield 34.8% 380% -45.4% -26.8% 2.4% -13.2%
Price to Book 0.45 x 0.26 x 0.22 x 0.33 x 0.17 x 0.12 x
Nbr of stocks (in thousands) 1,833,586 1,833,586 1,833,586 1,833,586 1,833,586 1,833,586
Reference price 2 2.000 1.200 1.000 1.400 1.050 0.8700
Announcement Date 3/29/18 7/11/19 8/14/20 6/29/21 5/23/22 3/31/23
1NGN in Million2NGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,825 6,123 7,321 8,747 9,876 11,273
EBITDA 1 476.3 962.7 360.1 62.16 -579.4 166.8
EBIT 1 375.3 822.7 274.9 -159.8 -883.5 -158
Operating Margin 7.78% 13.44% 3.76% -1.83% -8.95% -1.4%
Earnings before Tax (EBT) 1 854.3 958.2 344.3 689.5 279.9 1,525
Net income 1 661.9 736.3 315.7 679.4 261.4 1,479
Net margin 13.72% 12.02% 4.31% 7.77% 2.65% 13.12%
EPS 2 0.3610 0.4016 0.1722 0.3705 0.1426 0.8066
Free Cash Flow 1 -1,098 -3,219 1,145 761.1 -180 1,035
FCF margin -22.76% -52.57% 15.64% 8.7% -1.82% 9.18%
FCF Conversion (EBITDA) - - 317.99% 1,224.51% - 620.2%
FCF Conversion (Net income) - - 362.7% 112.03% - 69.96%
Dividend per Share 2 0.1600 0.2000 0.2000 0.1000 - 0.1500
Announcement Date 3/29/18 7/11/19 8/14/20 6/29/21 5/23/22 3/31/23
1NGN in Million2NGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 6,825 3,048 4,356 5,412 9,438 9,414
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -1,098 -3,219 1,145 761 -180 1,035
ROE (net income / shareholders' equity) 8.27% 8.85% 3.79% 8.61% 2.74% 12.2%
ROA (Net income/ Total Assets) 1.24% 2.89% 0.97% -0.51% -2.48% -0.39%
Assets 1 53,433 25,506 32,676 -132,843 -10,531 -374,973
Book Value Per Share 2 4.450 4.630 4.460 4.260 6.170 7.080
Cash Flow per Share 2 3.720 1.660 2.380 2.950 5.150 5.130
Capex 1 343 1,011 653 704 303 1,047
Capex / Sales 7.1% 16.51% 8.92% 8.05% 3.06% 9.29%
Announcement Date 3/29/18 7/11/19 8/14/20 6/29/21 5/23/22 3/31/23
1NGN in Million2NGN
Estimates
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