Kina Securities Ltd

Chart & Performance

D1W1MN

P/E

18.42

P/S

4.28

EPS

0.15

Div Yield, %

9.74%

Shrs. gr., 5y

—

Rev. gr., 5y

3.60%

Revenues

402m

+11.13%

Net income

105m

-9.89%

CFO

99m

-36.26%

Dividend

Sep 05, 20240.034 AUD/sh

Earnings

Feb 26, 2025

Profile

Kina Securities Limited, together with its subsidiaries, provides commercial banking and financial, fund administration, investment management, and share brokerage services in Papua New Guinea. It operates through two segments, Bank and Wealth Management. The company offers savings, individual and business cheque, business, cash management, and fixed deposit accounts; personal, home, residential property investment, and business loans; insurance premium funding; equipment finance; overdrafts; and bank guarantees products. It also provides debit cards; and treasury services, including overseas telegraphic transfer, foreign currency notes, trade services clean collections, documentary clean collections, import documentary credit, and export document credits. In addition, the company offers wealth services, such as stockbroking, wholesale and retail funds management, trustee, and funds administration; and online and mobile banking services. The company was founded in 1985 and is headquartered in Port Moresby, Papua New Guinea.

URL

http://www.kina.com.pg/

IPO date

Jul 30, 2015

Employees

682

Domiciled in

Incorporated in

Valuation

Order:

Title PGK in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title PGK in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	402,102 11.13%	361,843 8.45%	333,659 9.82%
Cost of revenue	109,565	175,054	70,674
Unusual Expense (Income)
NOPBT	292,537	186,789	262,985
NOPBT Margin	72.75%	51.62%	78.82%
Operating Taxes	70,576	31,930	35,207
Tax Rate	24.13%	17.09%	13.39%
NOPAT	221,961	154,859	227,778
Net income	104,963 -9.89%	116,488 64.50%	70,813 -6.79%
Dividends		(33,894)	(27,323)
Dividend yield		15.09%	11.03%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		11,872	10,595
Long-term debt	56,301	54,201	62,340
Deferred revenue		218	513
Other long-term liabilities	4,366,309	3,839,182	(48,851)
Net debt	(2,094,704)	(1,766,352)	(1,266,172)
Cash flow
Cash from operating activities	98,607	154,691	362,809
CAPEX	(13,527)		(40,491)
Cash from investing activities	(51,782)	(541,636)
Cash from financing activities	(85,292)		(72,034)
FCF	(3,973,878)	1,121,947	395,652
Balance
Cash	1,664,274	1,664,513	1,215,348
Long term investments	486,732	167,912	123,759
Excess cash	2,130,901	1,814,333	1,322,424
Stockholders' equity	640,323	611,330	576,626
Invested Capital	4,451,218	199,865	129,665
ROIC	9.54%	93.99%	190.82%
ROCE	5.75%	23.03%	34.85%
EV
Common stock shares outstanding	289,093	289,800	289,800
Price	0.80 3.23%	0.78 -9.36%	0.86 -5.00%
Market cap	231,274 2.97%	224,595 -9.36%	247,779 -5.00%
EV	(1,863,430)	(1,541,757)	(1,018,393)
EBITDA	292,537	224,992	276,791
EV/EBITDA
Interest	50,020	43,389	29,623
Interest/NOPBT	17.10%	23.23%	11.26%