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MARI

Marico Bangladesh DSE:MARICO Stock Report

Last Price

৳2.49k

Market Cap

৳78.5b

7D

0.9%

1Y

7.0%

Updated

19 Aug, 2022

Data

Company Financials +
MARICO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

MARICO Stock Overview

Marico Bangladesh Limited manufactures and markets consumer products in Bangladesh.

Marico Bangladesh Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Marico Bangladesh
Historical stock prices
Current Share Price৳2,493.20
52 Week High৳2,510.00
52 Week Low৳2,261.00
Beta0.16
1 Month Change3.55%
3 Month Change6.50%
1 Year Change7.01%
3 Year Change37.14%
5 Year Change141.89%
Change since IPO496.46%

Recent News & Updates

Shareholder Returns

MARICOBD Personal ProductsBD Market
7D0.9%0.9%1.1%
1Y7.0%-8.7%-10.8%

Return vs Industry: MARICO exceeded the BD Personal Products industry which returned -8.7% over the past year.

Return vs Market: MARICO exceeded the BD Market which returned -10.8% over the past year.

Price Volatility

Is MARICO's price volatile compared to industry and market?
MARICO volatility
MARICO Average Weekly Movement1.2%
Personal Products Industry Average Movement5.5%
Market Average Movement4.7%
10% most volatile stocks in BD Market6.5%
10% least volatile stocks in BD Market2.5%

Stable Share Price: MARICO is less volatile than 75% of BD stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: MARICO's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/aSaugata Guptahttps://www.marico.com/bangladesh

Marico Bangladesh Limited manufactures and markets consumer products in Bangladesh. It provides coconut oil under the Parachute brand; hair oil products under the Parachute Advansed, Nihar Naturals Shanti Badam Amla, Parachute Advansed Extra Care, Parachute Advansed Aloe Vera, Nihar Naturals Joba Amla, Nihar Naturals 5 Seeds, Nihar Lovely, Red King Men’s Cooling Oil, and Parachute Advansed Beliphool brands; hair serum under the Livon Silky Potion brand; hair colour under the HairCode Egypt Herbal Powder and HairCode Egypt Mehedi Crème Color brands; and edible oils and foods under the Saffola Active and Saffola Honey brands. The company also offers male grooming products, such as perfume spray, hair gel, soap, cream, face wash, power brightening cream, and shampoo under the Studio X brands; skin care products under the Parachute SkinPure Body Lotion, Parachute SkinPure Petroleum Jelly, Parachute SkinPure Aloe Vera Gel, Parachute SkinePure Beauty Olive Oil, Parachute SkinePure facewash, and Parachute SkinePure coco olive soap brands; and baby care products, including baby oil, lotion, shampoo, toothpaste, rash and face cream, wash, soap, and powder under the Parachute Just for Baby brand.

Marico Bangladesh Fundamentals Summary

How do Marico Bangladesh's earnings and revenue compare to its market cap?
MARICO fundamental statistics
Market Cap৳78.54b
Earnings (TTM)৳3.55b
Revenue (TTM)৳13.03b

22.1x

P/E Ratio

6.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MARICO income statement (TTM)
Revenue৳13.03b
Cost of Revenue৳5.98b
Gross Profit৳7.05b
Other Expenses৳3.50b
Earnings৳3.55b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)112.82
Gross Margin54.10%
Net Profit Margin27.27%
Debt/Equity Ratio0%

How did MARICO perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

71%

Payout Ratio

Does MARICO pay a reliable dividends?

See MARICO dividend history and benchmarks
When do you need to buy MARICO by to receive an upcoming dividend?
Marico Bangladesh dividend dates
Ex Dividend DateAug 22 2022
Dividend Pay DateSep 20 2022
Days until Ex dividend2 days
Days until Dividend pay date31 days

Does MARICO pay a reliable dividends?

See MARICO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is MARICO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MARICO?

Other financial metrics that can be useful for relative valuation.

MARICO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6x
Enterprise Value/EBITDA16.6x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

How does MARICO's PE Ratio compare to its peers?

MARICO PE Ratio vs Peers
The above table shows the PE ratio for MARICO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average46.1x
KOHINOOR Kohinoor Chemical Company (Bangladesh)
41.8xn/a৳10.4b
RECKITTBEN Reckitt Benckiser (Bangladesh)
28.5xn/a৳23.0b
PHN Pharmanutra
44.4x10.2%€654.4m
4128 Microbio
72.4xn/aNT$27.3b
MARICO Marico Bangladesh
22.1x7.1%৳78.5b

Price-To-Earnings vs Peers: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (46.1x).


Price to Earnings Ratio vs Industry

How does MARICO's PE Ratio compare vs other companies in the Asian Personal Products Industry?

Price-To-Earnings vs Industry: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the Asian Personal Products industry average (24.6x)


Price to Earnings Ratio vs Fair Ratio

What is MARICO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MARICO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.1x
Fair PE Ratio26.8x

Price-To-Earnings vs Fair Ratio: MARICO is good value based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).


Share Price vs Fair Value

What is the Fair Price of MARICO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MARICO (BDT2493.2) is trading above our estimate of fair value (BDT1427.8)

Significantly Below Fair Value: MARICO is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Marico Bangladesh forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARICO's forecast earnings growth (7.1% per year) is above the savings rate (3.6%).

Earnings vs Market: MARICO's earnings (7.1% per year) are forecast to grow slower than the BD market (11.5% per year).

High Growth Earnings: MARICO's earnings are forecast to grow, but not significantly.

Revenue vs Market: MARICO's revenue (12.3% per year) is forecast to grow faster than the BD market (9.2% per year).

High Growth Revenue: MARICO's revenue (12.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MARICO's Return on Equity is forecast to be very high in 3 years time (130.4%).


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Past Performance

How has Marico Bangladesh performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MARICO has high quality earnings.

Growing Profit Margin: MARICO's current net profit margins (27.3%) are lower than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: MARICO's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: MARICO's earnings growth over the past year (14.3%) is below its 5-year average (19.3% per year).

Earnings vs Industry: MARICO earnings growth over the past year (14.3%) exceeded the Personal Products industry -1.4%.


Return on Equity

High ROE: MARICO's Return on Equity (132.2%) is considered outstanding.


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Financial Health

How is Marico Bangladesh's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MARICO's short term assets (BDT5.7B) exceed its short term liabilities (BDT4.2B).

Long Term Liabilities: MARICO's short term assets (BDT5.7B) exceed its long term liabilities (BDT122.3M).


Debt to Equity History and Analysis

Debt Level: MARICO is debt free.

Reducing Debt: MARICO had no debt 5 years ago.

Debt Coverage: MARICO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MARICO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Marico Bangladesh current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.22%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 19 2022Ex Dividend DateAug 22 2022Dividend Pay DateSep 20 202229 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MARICO's dividend (7.22%) is higher than the bottom 25% of dividend payers in the BD market (1.15%).

High Dividend: MARICO's dividend (7.22%) is in the top 25% of dividend payers in the BD market (3.8%)


Stability and Growth of Payments

Stable Dividend: MARICO's dividend payments have been volatile in the past 10 years.

Growing Dividend: MARICO's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70.9%), MARICO's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (172.3%), MARICO's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Saugata Gupta (55 yo)

no data

Tenure

Mr. Saugata Gupta serves as Managing Director and Chief Executive Officer at Marico Bangladesh Limited. He has been the Chief Executive Officer of Marico Limited since April 2013 and also has been its Mana...


Leadership Team

Experienced Management: MARICO's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MARICO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Marico Bangladesh Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Marico Bangladesh Limited
  • Ticker: MARICO
  • Exchange: DSE
  • Founded: 1999
  • Industry: Personal Products
  • Sector: Household
  • Implied Market Cap: ৳78.536b
  • Shares outstanding: 31.50m
  • Website: https://www.marico.com/bangladesh

Location

  • Marico Bangladesh Limited
  • The Glass House
  • Level-06, Plot : 02, Block : SE (B)
  • Dhaka
  • 1212
  • Bangladesh

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/19 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.