Tuesday, 8 December 2020

LAXAPANA BATTERIES PLC (LITE.N0000): Analysis of Fundamentals

Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements (usually to analyze the business's assets, liabilities, and earnings); health of the business in order to take investment decisions.

What you see below is NOT a full fundamentals analysis. A full fundamentals analysis should include the following;

  1. Economic analysis
  2. Industry analysis
  3. Company analysis
What you see here is an analysis of some important company data. I have not attempted to reach any conclusions or recommendation. I will leave it to my readers to make their own conclusions. 

31 March 2020
Earnings per share1.06
Current Market Price16.30
P/E Ratio
15.4
Recent market price gains has made the stock marginally overvalued. The firm may not be able deliver a high enough EPS next financial year
Annual EPS Growth265%
Projected Earnings Growth (PEG)0.033Less than 1: The company is undervalued
Revenue @ 31 March 2020652,843,434
Market Cap @ 04 Dec 2020635,700,000
Price–sales ratio, P/S ratio
0.97
Less than 1: More value for investor as each Rs. 1 sales has come from less than Rs.1 in market price
Book Value (Total Equity)194,492,099
Price-to-book ratio (P/B)3.3Less than 3 is the ideal for value investors - However, 3.3 is not that far
Net income41,481,387
Dividends Paid9,750,000
Dividend Payout Ratio (DPR)0.24Low DPR: The firm is retaining 75% of its earnings for future investments. Good for long-term investors
Dividend Per Share0.25
Dividend Yield @ Current Price1.53%Dividend Yield must be compared with industry standards. Manufacturing is between 1.5% and 2%
Return on equity21.33%Current SL Treasury bill rate is 11.200 % pa. Comparatively this is a good investment for value investors

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