Financials BSRM Steels Limited

Equities

BSRMSTEEL

BD0227BSRMS5

Iron & Steel

End-of-day quote Dhaka S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
59.5 BDT +4.57% Intraday chart for BSRM Steels Limited +7.59% -6.89%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 24,642 21,918 12,632 21,053 25,264 24,023
Enterprise Value (EV) 1 45,960 57,252 48,055 43,861 62,749 59,118
P/E ratio 13.7 x 12.7 x 17 x 6.91 x 7.71 x 8.06 x
Yield 1.39% 4.29% 4.46% 7.14% 4.46% 3.91%
Capitalization / Revenue 0.51 x 0.36 x 0.33 x 0.38 x 0.38 x 0.28 x
EV / Revenue 0.95 x 0.94 x 1.24 x 0.8 x 0.93 x 0.7 x
EV / EBITDA 13 x 14.7 x 10.8 x 6.84 x 10 x 8.23 x
EV / FCF 160 x -3.63 x -534 x 3.63 x -4.34 x 14.1 x
FCF Yield 0.62% -27.5% -0.19% 27.5% -23.1% 7.1%
Price to Book 1.92 x 1.05 x 0.59 x 0.9 x 0.97 x 0.87 x
Nbr of stocks (in thousands) 375,953 375,953 375,953 375,953 375,953 375,953
Reference price 2 65.55 58.30 33.60 56.00 67.20 63.90
Announcement Date 10/8/18 10/16/19 10/25/20 10/27/21 10/27/22 10/17/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 48,290 61,060 38,681 54,983 67,121 84,525
EBITDA 1 3,538 3,886 4,449 6,411 6,250 7,185
EBIT 1 3,079 3,261 3,482 5,335 5,181 6,257
Operating Margin 6.38% 5.34% 9% 9.7% 7.72% 7.4%
Earnings before Tax (EBT) 1 2,309 2,338 1,826 3,919 4,505 3,771
Net income 1 1,801 1,728 742.3 3,047 3,278 2,979
Net margin 3.73% 2.83% 1.92% 5.54% 4.88% 3.52%
EPS 2 4.790 4.597 1.974 8.105 8.721 7.925
Free Cash Flow 1 286.6 -15,757 -90.01 12,076 -14,473 4,197
FCF margin 0.59% -25.81% -0.23% 21.96% -21.56% 4.97%
FCF Conversion (EBITDA) 8.1% - - 188.38% - 58.41%
FCF Conversion (Net income) 15.91% - - 396.32% - 140.86%
Dividend per Share 2 0.9091 2.500 1.500 4.000 3.000 2.500
Announcement Date 10/8/18 10/16/19 10/25/20 10/27/21 10/27/22 10/17/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 21,318 35,334 35,423 22,808 37,485 35,095
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.025 x 9.094 x 7.962 x 3.558 x 5.997 x 4.885 x
Free Cash Flow 1 287 -15,757 -90 12,076 -14,473 4,197
ROE (net income / shareholders' equity) 14.7% 10.3% 3.51% 13.6% 13.3% 11.1%
ROA (Net income/ Total Assets) 4.62% 3.66% 3.34% 4.87% 4.2% 4.92%
Assets 1 38,973 47,270 22,239 62,604 78,108 60,538
Book Value Per Share 2 34.10 55.60 56.80 62.40 69.00 73.30
Cash Flow per Share 2 1.400 2.430 3.860 43.70 23.80 11.80
Capex 1 2,158 8,609 1,660 444 2,095 9,083
Capex / Sales 4.47% 14.1% 4.29% 0.81% 3.12% 10.75%
Announcement Date 10/8/18 10/16/19 10/25/20 10/27/21 10/27/22 10/17/23
1BDT in Million2BDT
Estimates
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