LINDE BANGLADESH LIM

LINDEBD
End-of-day quote. End-of-day quote  - 12/01
1388.8BDT +0.90%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 19 49621 135
Entreprise Value (EV)1 16 85222 165
P/E ratio 18,2x17,3x
Yield 3,12%14,6%
Capitalization / Revenue 4,14x5,53x
EV / Revenue 3,58x5,80x
EV / EBITDA 10,0x16,2x
Price to Book 3,60x3,57x
Nbr of stocks (in thousands) 15 21815 218
Reference price (BDT) 1 2811 389
Announcement Date 05/12/2021-
Previous period Next period
1 BDT in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 4 7113 824
EBITDA1 1 6821 364
Operating profit (EBIT)1 1 4481 080
Operating Margin 30,7%28,2%
Pre-Tax Profit (EBT)1 1 4451 590
Net income1 1 0741 224
Net margin 22,8%32,0%
EPS2 70,580,4
Dividend per Share2 40,0203
Announcement Date 05/12/2021-
Previous period Next period
1 BDT in Million
2 BDT
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 -1 030
Net Cash position1 2 644-
Leverage (Debt / EBITDA) -1,57x0,75x
Free Cash Flow1 1 069535
ROE (Net Profit / Equities) 20,4%21,6%
Shareholders' equity1 5 2605 667
ROA (Net Profit / Asset) 13,7%14,8%
Assets1 7 8308 270
Book Value Per Share2 356389
Cash Flow per Share --
Capex1 -271
Capex / Sales -7,08%
Announcement Date 05/12/2021-
Previous period Next period
1 BDT in Million
2 BDT
Financial Ratios
Size 2021e 2022e
Capitalization 21 135 M BDT -
Entreprise Value (EV) 22 165 M BDT 22 225 M BDT
Valuation 2021e 2022e
P/E ratio (Price / EPS) 17,3x 14,7x
Capitalization / Revenue 5,53x 4,75x
EV / Revenue 5,80x 4,98x
EV / EBITDA 16,2x 14,1x
Yield (DPS / Price) 14,6% 15,6%
Price to book (Price / BVPS) 3,57x 3,27x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 28,2% 28,2%
Operating Leverage (Delta EBIT / Delta Sales) -1,35x 0,98x
Net Margin (Net Profit / Revenue) 32,0% 32,4%
ROA (Net Profit / Asset) 14,8% 16,1%
ROE (Net Profit / Equities) 21,6% 23,3%
Rate of Dividend 253% 229%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   7,08% 7,37%
Cash Flow / Sales - -
Capital Intensity (Assets / Sales) 2,16x 2,01x
Financial Leverage (Net Debt / EBITDA) 0,75x 0,69x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend