Financials ForteBank

Equities

ASBN

KZ000A0F4546

Banks

End-of-day quote Kazakhstan S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
6.03 KZT +0.50% Intraday chart for ForteBank +1.01% +59.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 230,968 110,865 258,684 475,794 375,684 348,060
Enterprise Value (EV) 1 416,168 272,649 381,843 459,530 358,812 120,275
P/E ratio 7.85 x 2.56 x 4.71 x 7.16 x 3.76 x 2.94 x
Yield 5.08% - - 10.5% 13.3% -
Capitalization / Revenue 3.49 x 1.09 x 2.46 x 3.73 x 2.29 x 1.73 x
EV / Revenue 6.29 x 2.67 x 3.63 x 3.6 x 2.18 x 0.6 x
EV / EBITDA - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book 1.14 x 0.47 x 0.95 x 1.68 x 1.07 x 0.8 x
Nbr of stocks (in thousands) 92,387,104 92,387,104 92,387,104 92,387,104 92,079,524 92,079,466
Reference price 2 2.500 1.200 2.800 5.150 4.080 3.780
Announcement Date 5/4/19 5/14/20 4/16/21 3/9/22 3/13/23 3/14/24
1KZT in Million2KZT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 66,115 101,949 105,138 127,568 164,391 201,676
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 33,999 44,991 63,967 67,103 98,713 116,461
Net income 1 29,038 42,233 52,962 64,060 98,086 116,437
Net margin 43.92% 41.43% 50.37% 50.22% 59.67% 57.73%
EPS 2 0.3186 0.4682 0.5943 0.7189 1.084 1.287
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 0.1270 - - 0.5421 0.5421 -
Announcement Date 5/4/19 5/14/20 4/16/21 3/9/22 3/13/23 3/14/24
1KZT in Million2KZT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 185,200 161,784 123,159 - - -
Net Cash position 1 - - - 16,264 16,872 227,785
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) 14.7% 19.7% 21.5% 23.7% 31.6% 30.1%
ROA (Net income/ Total Assets) 1.86% 2.25% 2.55% 2.84% 3.76% 3.85%
Assets 1 1,562,947 1,879,361 2,079,632 2,257,542 2,607,630 3,021,356
Book Value Per Share 2 2.190 2.560 2.960 3.070 3.800 4.750
Cash Flow per Share 2 1.400 2.950 2.670 2.810 4.070 5.400
Capex 1 12,279 18,263 14,914 5,603 7,363 6,625
Capex / Sales 18.57% 17.91% 14.19% 4.39% 4.48% 3.28%
Announcement Date 5/4/19 5/14/20 4/16/21 3/9/22 3/13/23 3/14/24
1KZT in Million2KZT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA