Financials GlaxoSmithKline S.A.E

Equities

BIOC

EGS38171C012

Pharmaceuticals

End-of-day quote Egyptian Exchange 06:00:00 2024-05-01 pm EDT 5-day change 1st Jan Change
31.08 EGP +3.32% Intraday chart for GlaxoSmithKline S.A.E -3.84% -12.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,650 1,650 1,416 2,579 3,187 2,969
Enterprise Value (EV) 1 1,344 1,634 1,540 2,685 2,671 2,237
P/E ratio - 11.6 x 50.4 x 16.7 x 4.33 x 49.1 x
Yield - - - 2.43% - 2.11%
Capitalization / Revenue 1.02 x 0.97 x 0.71 x 1.42 x 1.75 x 1.33 x
EV / Revenue 0.83 x 0.96 x 0.77 x 1.48 x 1.46 x 1 x
EV / EBITDA 9.85 x 5.68 x 6.67 x 9.65 x 55 x 4.7 x
EV / FCF 8.25 x -5.54 x 16.1 x 54.1 x 24.6 x 12.8 x
FCF Yield 12.1% -18% 6.22% 1.85% 4.06% 7.79%
Price to Book - 1.36 x 1.17 x 1.9 x 1.84 x 1.51 x
Nbr of stocks (in thousands) 83,514 83,514 83,514 83,514 83,514 83,514
Reference price 2 - 19.76 16.96 30.88 38.16 35.55
Announcement Date 9/26/19 5/1/20 5/30/22 5/30/22 3/18/24 3/18/24
1EGP in Million2EGP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,623 1,704 1,993 1,812 1,823 2,240
EBITDA 1 136.4 287.9 230.9 278.3 48.6 475.6
EBIT 1 110.1 267.6 202.5 242.2 15.33 441.5
Operating Margin 6.79% 15.7% 10.16% 13.36% 0.84% 19.71%
Earnings before Tax (EBT) 1 66.48 197.2 91.9 179.4 -62.94 119.7
Net income 1 49.92 142.6 28.13 154.6 735.4 60.46
Net margin 3.07% 8.37% 1.41% 8.53% 40.33% 2.7%
EPS 2 0.4075 1.708 0.3368 1.852 8.805 0.7239
Free Cash Flow 1 162.8 -294.8 95.72 49.65 108.4 174.2
FCF margin 10.03% -17.3% 4.8% 2.74% 5.94% 7.78%
FCF Conversion (EBITDA) 119.34% - 41.45% 17.84% 222.99% 36.63%
FCF Conversion (Net income) 326.18% - 340.25% 32.11% 14.74% 288.14%
Dividend per Share 2 0.5000 - - 0.7500 - 0.7500
Announcement Date 9/26/19 5/1/20 5/30/22 5/30/22 3/18/24 3/18/24
1EGP in Million2EGP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 124 106 - -
Net Cash position 1 307 16 - - 516 732
Leverage (Debt/EBITDA) - - 0.5352 x 0.3823 x - -
Free Cash Flow 1 163 -295 95.7 49.7 108 174
ROE (net income / shareholders' equity) 4.69% 12.4% 2.32% 12% -7.38% 3.27%
ROA (Net income/ Total Assets) 3.5% 7.58% 5.62% 6.66% 0.34% 8.18%
Assets 1 1,426 1,881 500.5 2,320 215,401 738.7
Book Value Per Share 2 12.90 14.60 14.50 16.30 20.70 23.50
Cash Flow per Share 2 3.670 3.010 0.2700 0.8800 7.010 9.930
Capex 1 84.6 133 53.7 35.8 48.8 77.1
Capex / Sales 5.21% 7.81% 2.69% 1.97% 2.67% 3.44%
Announcement Date 9/26/19 5/1/20 5/30/22 5/30/22 3/18/24 3/18/24
1EGP in Million2EGP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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