KINA SECURITIES LIMITED (KSL)
Share Price Analysis and Chart

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KSL - KINA SECURITIES LIMITED

Year End: December
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.80

27 Sep
2023

0.005

OPEN

$0.79

0.63%

HIGH

$0.80

93,401

LOW

$0.79

TARGET
$1.09 36.3% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
KSL: 1
Title FY23
Forecast
FY24
Forecast
EPS (cps) 36.0 xxx
DPS (cps) 8.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 2.1 xxx
Dividend Yield 11.2% xxx
Div Pay Ratio(%) 23.9% xxx
This company reports in PGK.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 33.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

34.29

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 06/09 - ex-div 3.4c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx16.6
DPS All xxxxxxxxxxxxxxx10.6
Sales/Revenue xxxxxxxxxxxxxxx166.5 M
Book Value Per Share xxxxxxxxxxxxxxx89.2
Net Operating Cash Flow xxxxxxxxxxxxxxx54.7 M
Net Profit Margin xxxxxxxxxxxxxxx28.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx19.82 %
Return on Invested Capital xxxxxxxxxxxxxxx18.81 %
Return on Assets xxxxxxxxxxxxxxx2.77 %
Return on Equity xxxxxxxxxxxxxxx19.82 %
Return on Total Capital xxxxxxxxxxxxxxx22.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx23 M
Goodwill - Gross xxxxxxxxxxxxxxx39 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx291 M
Price To Book Value xxxxxxxxxxxxxxx0.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx5.8 M
Capex % of Sales xxxxxxxxxxxxxxx3.47 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx41 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx578 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

31/08/2023

1

Add

$1.09

36.25%

Following in-line 1H results for Kina Securities, Morgans assesses good cost controll in a difficult revenue environment and notes the result was impacted by a lift in the Papua New Guinean tax rate for banks to 45% from 30%.

Despite solid 1H loan growth, revenue was well below the broker's forecast due to lower yields on treasury bills and government securities, and a decline in currency income on the previous corresponding period.

General structural challenges are impacting the supply of foreign currency, and the analyst is unsure how long this headwind will persist.

Morgans considers the stock too cheap and retains its Add rating. The target edges up to $1.09 from $1.08.

FORECAST
Morgans forecasts a full year FY23 dividend of 8.60 cents and EPS of 36.00 cents.
Morgans forecasts a full year FY24 dividend of 10.40 cents and EPS of 43.20 cents.

KSL STOCK CHART