Financials Sanlam Kenya Plc

Equities

SLAM

KE0000000414

Life & Health Insurance

End-of-day quote Nairobi S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.6 KES 0.00% Intraday chart for Sanlam Kenya Plc +10.00% +10.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,996 3,168 2,477 1,865 1,663 1,380
Enterprise Value (EV) 1 2,486 3,987 4,131 2,828 3,058 3,902
P/E ratio 132 x -1.57 x 21.9 x -15.9 x -4.14 x -120 x
Yield - - - - - -
Capitalization / Revenue 0.56 x 0.53 x 0.28 x 0.2 x 0.13 x 0.13 x
EV / Revenue 0.35 x 0.67 x 0.46 x 0.3 x 0.25 x 0.35 x
EV / EBITDA 21 x -2.16 x 3.43 x 3.88 x 12.3 x 4.5 x
EV / FCF 2.67 x -0.36 x -4.06 x 13 x -1.55 x -2.76 x
FCF Yield 37.4% -281% -24.6% 7.71% -64.6% -36.2%
Price to Book 1.05 x 2.39 x 1.72 x 1.41 x 2.98 x 2.52 x
Nbr of stocks (in thousands) 144,000 144,015 144,015 144,015 144,015 144,015
Reference price 2 27.75 22.00 17.20 12.95 11.55 9.580
Announcement Date 3/29/18 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23
1KES in Million2KES
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 7,198 5,957 8,940 9,556 12,476 11,005
EBITDA 1 118.5 -1,849 1,205 728.9 247.8 866.4
EBIT 1 74.32 -1,894 1,112 650 162.6 787.3
Operating Margin 1.03% -31.8% 12.44% 6.8% 1.3% 7.15%
Earnings before Tax (EBT) 1 247 -2,129 550.1 43.28 -413.7 327.7
Net income 1 30.81 -2,017 113.3 -117 -401.3 -11.36
Net margin 0.43% -33.86% 1.27% -1.22% -3.22% -0.1%
EPS 2 0.2100 -14.01 0.7870 -0.8126 -2.790 -0.0800
Free Cash Flow 1 930.2 -11,222 -1,017 218 -1,975 -1,414
FCF margin 12.92% -188.39% -11.38% 2.28% -15.83% -12.85%
FCF Conversion (EBITDA) 784.8% - - 29.91% - -
FCF Conversion (Net income) 3,018.67% - - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/18 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23
1KES in Million2KES
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 818 1,654 963 1,394 2,522
Net Cash position 1 1,510 - - - - -
Leverage (Debt/EBITDA) - -0.4427 x 1.372 x 1.321 x 5.627 x 2.911 x
Free Cash Flow 1 930 -11,222 -1,017 218 -1,975 -1,414
ROE (net income / shareholders' equity) 1.33% -70.2% 6.89% -4.61% -63.7% -9.51%
ROA (Net income/ Total Assets) 0.16% -4.02% 2.39% 1.34% 0.31% 1.37%
Assets 1 19,331 50,187 4,740 -8,727 -129,825 -828.9
Book Value Per Share 2 26.40 9.220 10.00 9.190 3.880 3.800
Cash Flow per Share 2 17.60 18.60 8.300 14.90 11.90 11.40
Capex 1 25 125 154 35.2 24.3 22.2
Capex / Sales 0.35% 2.09% 1.72% 0.37% 0.19% 0.2%
Announcement Date 3/29/18 4/12/19 2/20/20 5/5/21 5/27/22 6/14/23
1KES in Million2KES
Estimates
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