Financials Altron Limited

Equities

AEL

ZAE000191342

IT Services & Consulting

End-of-day quote Johannesburg S.E. 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
11.01 ZAR -2.57% Intraday chart for Altron Limited -2.13% +7.41%

Valuation

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Capitalization 1 4,618 6,979 7,496 4,261 2,771 3,253
Enterprise Value (EV) 1 6,549 8,511 9,298 5,271 4,125 4,325
P/E ratio 24.7 x 9.82 x 11.2 x 0.36 x -26.5 x -745 x
Yield - 3.83% 2.72% 4.16% 4.05% 4.07%
Capitalization / Revenue 0.31 x 0.44 x 0.45 x 0.57 x 0.35 x 0.34 x
EV / Revenue 0.44 x 0.54 x 0.55 x 0.71 x 0.52 x 0.45 x
EV / EBITDA 6.33 x 6.29 x 6.69 x 8.17 x 5.9 x 6.33 x
EV / FCF 15.4 x 29.3 x 52.7 x -9.32 x 7.25 x 6.37 x
FCF Yield 6.48% 3.41% 1.9% -10.7% 13.8% 15.7%
Price to Book 1.66 x 1.97 x 1.9 x 0.89 x 0.65 x 0.78 x
Nbr of stocks (in thousands) 370,912 371,200 371,248 369,596 374,510 378,299
Reference price 2 12.45 18.80 20.19 11.53 7.400 8.600
Announcement Date 5/9/18 5/8/19 5/29/20 5/16/21 6/4/22 5/14/23
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net sales 1 14,743 15,878 16,816 7,450 7,991 9,571
EBITDA 1 1,034 1,353 1,389 645 699 683
EBIT 1 783 1,041 1,090 342 498 462
Operating Margin 5.31% 6.56% 6.48% 4.59% 6.23% 4.83%
Earnings before Tax (EBT) 1 566 838 857 98 142 252
Net income 1 187 711 670 12,154 -104 -4
Net margin 1.27% 4.48% 3.98% 163.14% -1.3% -0.04%
EPS 2 0.5042 1.915 1.804 32.36 -0.2789 -0.0115
Free Cash Flow 1 424.6 290.4 176.5 -565.8 569.1 679.5
FCF margin 2.88% 1.83% 1.05% -7.59% 7.12% 7.1%
FCF Conversion (EBITDA) 41.07% 21.46% 12.71% - 81.42% 99.49%
FCF Conversion (Net income) 227.07% 40.84% 26.34% - - -
Dividend per Share - 0.7200 0.5500 0.4800 0.3000 0.3500
Announcement Date 5/9/18 5/8/19 5/29/20 5/16/21 6/4/22 5/14/23
1ZAR in Million2ZAR
Estimates

Balance Sheet Analysis

Fiscal Period: February 2018 2019 2020 2021 2022 2023
Net Debt 1 1,931 1,532 1,802 1,010 1,354 1,072
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.868 x 1.132 x 1.297 x 1.566 x 1.937 x 1.57 x
Free Cash Flow 1 425 290 177 -566 569 680
ROE (net income / shareholders' equity) 18.4% 23% 18.8% 1.58% 1.71% 3.47%
ROA (Net income/ Total Assets) 5.15% 6.04% 5.4% 1.78% 3.15% 3.03%
Assets 1 3,632 11,768 12,405 682,311 -3,300 -131.8
Book Value Per Share 2 7.520 9.520 10.60 12.90 11.30 11.10
Cash Flow per Share 2 2.070 3.720 4.870 3.740 2.020 1.960
Capex 1 194 381 415 387 334 355
Capex / Sales 1.32% 2.4% 2.47% 5.19% 4.18% 3.71%
Announcement Date 5/9/18 5/8/19 5/29/20 5/16/21 6/4/22 5/14/23
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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