Financials Olympic Industries Limited

Equities

OLYMPIC

BD0203OLIND3

Food Processing

End-of-day quote Dhaka S.E. Other stock markets 06:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
131.4 ^BDT	-0.98%		-5.74%	-13.55%

Jan. 29	Olympic Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI
2023	Olympic Industries Limited Reports Earnings Results for the First Quarter Ended September 30, 2023	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	47,246	30,031	33,990	24,812	30,711	26,272	-	-
Enterprise Value (EV) ¹	44,695	26,911	30,822	24,812	28,930	23,420	23,048	22,452
P/E ratio	25.2 x	14.8 x	16.7 x	20.6 x	19.7 x	13 x	10.3 x	8.59 x
Yield	2.12%	3.46%	3.18%	3.63%	3.91%	5.69%	6.75%	8.52%
Capitalization / Revenue	3.44 x	1.89 x	1.88 x	1.16 x	1.19 x	1 x	0.85 x	0.77 x
EV / Revenue	3.25 x	1.69 x	1.71 x	1.16 x	1.12 x	0.89 x	0.75 x	0.66 x
EV / EBITDA	15.7 x	8.82 x	10.3 x	12.3 x	10.7 x	7.26 x	6.09 x	4.9 x
EV / FCF	42.6 x	19.9 x	20.3 x	-40.3 x	67.4 x	15.9 x	11.5 x	9.21 x
FCF Yield	2.35%	5.02%	4.93%	-2.48%	1.48%	6.28%	8.7%	10.9%
Price to Book	6.55 x	3.64 x	3.68 x	2.65 x	3.06 x	2.44 x	2.27 x	2.1 x
Nbr of stocks (in thousands)	199,939	199,939	199,939	199,939	199,939	199,939	-	-
Reference price ²	236.3	150.2	170.0	124.1	153.6	131.4	131.4	131.4
Announcement Date	11/12/19	11/10/20	11/14/21	11/10/22	11/12/23	-	-	-

¹BDT in Million²BDT

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	13,734	15,895	18,033	21,439	25,785	26,208	30,729	34,130
EBITDA ¹	2,842	3,052	2,996	2,020	2,694	3,228	3,783	4,578
EBIT ¹	2,509	2,654	2,551	1,553	2,206	2,676	3,428	4,071
Operating Margin	18.27%	16.7%	14.15%	7.24%	8.55%	10.21%	11.16%	11.93%
Earnings before Tax (EBT) ¹	2,552	2,766	2,690	1,604	2,185	2,700	3,403	4,062
Net income ¹	1,872	2,025	2,037	1,205	1,556	2,024	2,558	3,055
Net margin	13.63%	12.74%	11.3%	5.62%	6.04%	7.72%	8.32%	8.95%
EPS ²	9.360	10.13	10.19	6.030	7.780	10.14	12.81	15.29
Free Cash Flow ¹	1,048	1,351	1,519	-616	429.4	1,471	2,006	2,437
FCF margin	7.63%	8.5%	8.42%	-2.87%	1.67%	5.61%	6.53%	7.14%
FCF Conversion (EBITDA)	36.88%	44.29%	50.68%	-	15.94%	45.56%	53.02%	53.23%
FCF Conversion (Net income)	56%	66.74%	74.54%	-	27.59%	72.66%	78.41%	79.77%
Dividend per Share ²	5.000	5.200	5.400	4.500	6.000	7.475	8.875	11.20
Announcement Date	11/12/19	11/10/20	11/14/21	11/10/22	11/12/23	-	-	-

¹BDT in Million²BDT

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2022 Q2	2023 Q1	2023 Q2
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	-	464.9	-
Net margin	-	-	-
EPS ¹	1.540	2.330	2.930
Dividend per Share	-	-	-
Announcement Date	1/30/22	11/14/22	2/13/23

¹BDT

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	2,551	3,120	3,167	-	1,781	2,852	3,224	3,820
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	1,048	1,351	1,519	-616	429	1,471	2,006	2,437
ROE (net income / shareholders' equity)	27.7%	26.2%	23.3%	13%	16.1%	19.3%	21.2%	24.1%
ROA (Net income/ Total Assets)	18%	17.8%	16.3%	8.36%	10.9%	12.7%	13.3%	15.2%
Assets ¹	10,373	11,380	12,469	14,421	14,253	15,937	19,233	20,099
Book Value Per Share ²	36.10	41.20	46.20	46.80	50.10	53.90	58.00	62.70
Cash Flow per Share ²	-	-	-	3.510	6.950	14.30	17.00	18.30
Capex ¹	1,058	406	466	1,317	960	829	951	1,001
Capex / Sales	7.71%	2.55%	2.58%	6.14%	3.72%	3.16%	3.09%	2.93%
Announcement Date	11/12/19	11/10/20	11/14/21	11/10/22	11/12/23	-	-	-

¹BDT in Million²BDT

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Olympic Industries Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

131.4 BDT

Average target price

173.6 BDT

Spread / Average Target

+32.09%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Snack Food & Non-Chocolate Confectionary

	1st Jan change	Capi.
OLYMPIC INDUSTRIES LIMITED	-13.55%	224M
J&J SNACK FOODS CORP.	-1.79%	3.21B
CHACHA FOOD COMPANY, LIMITED	+1.26%	2.46B
YANKER SHOP FOOD CO.,LTD	+3.61%	1.94B
KOTOBUKI SPIRITS CO., LTD.	-20.71%	1.78B
UTZ BRANDS, INC.	+11.21%	1.49B
GANYUAN FOODS CO., LTD.	+7.42%	966M
JINZAI FOOD GROUP CO.,LTD.	+12.60%	856M
TAOKAENOI FOOD & MARKETING	+23.16%	438M
YOUYOU FOODS CO., LTD.	-26.02%	402M

Snack Food & Non-Chocolate Confectionary