Financials Grupo de Inversiones Suramericana S.A.

Equities

End-of-day quote Bolsa De Valores De Colombia Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
39,020 ^COP	+0.36%		+8.69%	+34.55%

Apr. 12	Grupo Argos S.A. and Grupo de Inversiones Suramericana S.A., Nugil SAS and Jgdb Holding S A/S completed the acquisition of 22.6% stake in Grupo Nutresa S. A. for $1.23 billion.	CI
Mar. 20	Grupo de Inversiones Suramericana S.A. Announces Successful Completion of A Consent Solicitation for Its 5.500% Senior Unsecured Notes Due 2026	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	19,256,417	14,341,948	16,584,039	21,087,377	15,053,761	20,799,130	-
Enterprise Value (EV) ¹	19,256,417	14,341,948	16,584,039	21,087,377	21,958,858	23,321,199	20,467,881
P/E ratio	12.6 x	58.8 x	12.2 x	11.9 x	10.9 x	9.15 x	7.81 x
Yield	1.62%	2.51%	2.61%	3.05%	4.41%	2.94%	2.81%
Capitalization / Revenue	0.88 x	0.69 x	0.67 x	0.67 x	0.42 x	0.51 x	0.49 x
EV / Revenue	0.88 x	0.69 x	0.67 x	0.67 x	0.62 x	0.57 x	0.48 x
EV / EBITDA	-	-	-	-	4.16 x	4.67 x	3.85 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	0.62 x	0.57 x	0.61 x	0.72 x	0.55 x	0.59 x	0.55 x
Nbr of stocks (in thousands)	581,978	581,978	581,978	579,229	579,229	579,229	-
Reference price ²	34,000	25,280	30,000	42,000	29,000	39,020	39,020
Announcement Date	2/27/20	2/28/21	2/25/22	3/1/23	3/20/24	-	-

¹COP in Million²COP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	21,914,782	20,837,911	24,847,945	31,350,429	35,529,207	40,995,434	42,709,409
EBITDA ¹	-	-	-	-	5,273,307	4,990,275	5,310,253
EBIT ¹	3,041,242	1,607,823	2,564,276	3,681,000	4,648,198	4,202,980	4,525,817
Operating Margin	13.88%	7.72%	10.32%	11.74%	13.08%	10.25%	10.6%
Earnings before Tax (EBT) ¹	2,394,252	796,000	1,979,801	2,689,000	3,601,531	3,328,805	3,839,903
Net income ¹	1,525,537	225,000	1,408,560	2,075,000	1,539,582	2,469,349	2,892,367
Net margin	6.96%	1.08%	5.67%	6.62%	4.33%	6.02%	6.77%
EPS ²	2,692	430.0	2,466	3,515	2,660	4,263	4,993
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	550.0	634.0	784.0	1,280	1,280	1,147	1,096
Announcement Date	2/27/20	2/28/21	2/25/22	3/1/23	3/20/24	-	-

¹COP in Million²COP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	6,905,097	2,522,069	-
Net Cash position ¹	-	-	-	-	-	-	331,249
Leverage (Debt/EBITDA)	-	-	-	-	1.309 x	0.5054 x	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	6.09%	0.87%	1.19%	6.73%	4.8%	6.7%	7.3%
ROA (Net income/ Total Assets)	2.18%	0.32%	1.92%	2.38%	-	-	-
Assets ¹	70,055,887	69,951,811	73,381,610	87,148,257	-	-	-
Book Value Per Share ²	54,658	44,684	49,370	58,229	52,487	66,124	71,117
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/27/20	2/28/21	2/25/22	3/1/23	3/20/24	-	-

¹COP in Million²COP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

39,020 COP

Average target price

33,150 COP

Spread / Average Target

-15.04%

	1st Jan change	Capi.
GRUPO DE INVERSIONES SURAMERICANA S.A.	+34.55%	5.29B
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.	+3.05%	95.15B
CHINA LIFE INSURANCE COMPANY LIMITED	+1.78%	94.71B
AIA GROUP LIMITED	-20.65%	77.24B
LIFE INSURANCE CORPORATION OF INDIA	+18.68%	74.93B
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	+6.69%	30.04B
JAPAN POST HOLDINGS CO., LTD.	+18.06%	27.87B
FUBON FINANCIAL HOLDING CO., LTD.	+4.32%	26.97B
SBI LIFE INSURANCE COMPANY LIMITED	-1.21%	16.99B
HDFC LIFE INSURANCE COMPANY LIMITED	-9.10%	15.16B