Financials Linde Bangladesh Limited

Equities

LINDEBD

BD0301BOC004

Commodity Chemicals

End-of-day quote Dhaka S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
1,049 BDT -2.96% Intraday chart for Linde Bangladesh Limited -2.54% -24.96%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 19,551 18,238 19,769 19,496 24,042 21,271
Enterprise Value (EV) 1 18,408 16,623 17,529 16,852 21,075 18,771
P/E ratio 20.5 x 18.2 x 16.1 x 18.2 x 19.6 x 24.1 x
Yield 2.65% 3.13% 3.85% 3.12% 3.48% 3%
Capitalization / Revenue 3.96 x 3.34 x 3.48 x 4.14 x 4.73 x 4.36 x
EV / Revenue 3.72 x 3.04 x 3.08 x 3.58 x 4.15 x 3.85 x
EV / EBITDA 12.1 x 10.4 x 9.34 x 10 x 12 x 13 x
EV / FCF -81.3 x 39.1 x 18.1 x 18.4 x 31.8 x 78.8 x
FCF Yield -1.23% 2.55% 5.52% 5.43% 3.15% 1.27%
Price to Book 5.32 x 4.08 x 3.87 x 3.6 x 3.99 x 3.52 x
Nbr of stocks (in thousands) 15,218 15,218 15,218 15,218 15,218 15,218
Reference price 2 1,285 1,198 1,299 1,281 1,580 1,398
Announcement Date 4/11/18 4/13/19 6/2/20 5/12/21 4/20/22 4/17/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,942 5,460 5,683 4,711 5,083 4,873
EBITDA 1 1,527 1,591 1,877 1,680 1,752 1,441
EBIT 1 1,307 1,311 1,592 1,377 1,455 1,144
Operating Margin 26.45% 24.01% 28.01% 29.23% 28.63% 23.48%
Earnings before Tax (EBT) 1 1,304 1,364 1,661 1,445 1,494 1,135
Net income 1 952.6 1,004 1,231 1,074 1,226 883.2
Net margin 19.28% 18.38% 21.67% 22.79% 24.11% 18.12%
EPS 2 62.60 65.95 80.92 70.54 80.54 58.04
Free Cash Flow 1 -226.5 424.6 966.8 915 663.6 238.1
FCF margin -4.58% 7.78% 17.01% 19.42% 13.06% 4.89%
FCF Conversion (EBITDA) - 26.69% 51.51% 54.45% 37.87% 16.52%
FCF Conversion (Net income) - 42.31% 78.51% 85.23% 54.14% 26.95%
Dividend per Share 2 34.00 37.50 50.00 40.00 55.00 42.00
Announcement Date 4/11/18 4/13/19 6/2/20 5/12/21 4/20/22 4/17/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 S1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 531.9
Net margin -
EPS 2 34.95
Dividend per Share -
Announcement Date 7/31/22
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 1,143 1,615 2,239 2,644 2,967 2,500
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -226 425 967 915 664 238
ROE (net income / shareholders' equity) 27.8% 24.6% 25.7% 20.4% 21.4% 14.6%
ROA (Net income/ Total Assets) 14.3% 12.8% 13.7% 11% 11.1% 8.51%
Assets 1 6,662 7,836 8,975 9,764 11,057 10,384
Book Value Per Share 2 242.0 294.0 336.0 356.0 396.0 397.0
Cash Flow per Share 2 74.40 105.0 66.00 75.20 197.0 166.0
Capex 1 969 552 439 113 237 237
Capex / Sales 19.61% 10.1% 7.72% 2.41% 4.65% 4.87%
Announcement Date 4/11/18 4/13/19 6/2/20 5/12/21 4/20/22 4/17/23
1BDT in Million2BDT
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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