Financials Zambia Forestry and Forest Industries Corporation Plc

Equities

ZFCO

ZM0000000524

Forest & Wood Products

End-of-day quote Lusaka S.E. 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
2.53 ZMW 0.00% Intraday chart for Zambia Forestry and Forest Industries Corporation Plc 0.00% 0.00%

Valuation

Fiscal Period: December 2020 2021 2022
Capitalization 1 848 780 1,004
Enterprise Value (EV) 1 698.8 694.2 990.2
P/E ratio 3.63 x 0.42 x 0.39 x
Yield - - -
Capitalization / Revenue 2.99 x 2.13 x 2.6 x
EV / Revenue 2.47 x 1.89 x 2.56 x
EV / EBITDA 2.5 x -8.75 x -12.9 x
EV / FCF -4,255,712 x -11,199,737 x -12,078,066 x
FCF Yield -0% -0% -0%
Price to Book 0.83 x 0.27 x 0.18 x
Nbr of stocks (in thousands) 400,000 400,000 400,000
Reference price 2 2.120 1.950 2.510
Announcement Date 5/28/21 5/3/22 5/10/23
1ZMW in Million2ZMW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022
Net sales 1 244.7 282.5 283.3 366.6 386
EBITDA 1 161.2 140.8 279.7 -79.37 -76.83
EBIT 1 126.6 96.93 257.4 -102.2 -103.8
Operating Margin 51.72% 34.31% 90.84% -27.87% -26.9%
Earnings before Tax (EBT) 1 130.5 90 260.4 2,099 2,871
Net income 1 119.6 78.13 228.8 1,875 2,578
Net margin 48.87% 27.65% 80.74% 511.53% 667.91%
EPS - 0.2368 0.5839 4.689 6.446
Free Cash Flow - -102.7 -164.2 -61.98 -81.98
FCF margin - -36.36% -57.95% -16.91% -21.24%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share - - - - -
Announcement Date 3/3/20 3/3/20 5/28/21 5/3/22 5/10/23
1ZMW in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022
Net Debt 1 - - - - -
Net Cash position 1 141 73.5 149 85.8 13.8
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - -103 -164 -62 -82
ROE (net income / shareholders' equity) - 13.1% 26.7% 96.5% 62.1%
ROA (Net income/ Total Assets) - 7.7% 15.3% -2.83% -1.38%
Assets 1 - 1,014 1,499 -66,191 -186,399
Book Value Per Share - 1.840 2.560 7.160 13.60
Cash Flow per Share - 0.2200 0.3700 0.2200 0.1000
Capex 1 158 187 206 27.3 44
Capex / Sales 64.6% 66.28% 72.84% 7.45% 11.39%
Announcement Date 3/3/20 3/3/20 5/28/21 5/3/22 5/10/23
1ZMW in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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