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LASM

Lasco ManufacturingJMSE:LASM Stock Report

Market Cap

JA$20.2b

7D

0.2%

1Y

22.1%

Updated

02 Dec, 2021

Data

Company Financials
LASM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

LASM Stock Overview

Lasco Manufacturing Limited manufactures and sells soy protein beverages primarily in Jamaica.

Price History & Performance

Summary of all time highs, changes and price drops for Lasco Manufacturing
Historical stock prices
Current Share PriceJA$4.76
52 Week HighJA$6.00
52 Week LowJA$3.59
Beta0.29
1 Month Change-0.83%
3 Month Change-4.80%
1 Year Change22.05%
3 Year Change37.97%
5 Year Change3.93%
Change since IPO242.45%

Recent News & Updates

Shareholder Returns

LASMJM FoodJM Market
7D0.2%0.4%0.6%
1Y22.1%14.7%3.2%

Return vs Industry: LASM exceeded the JM Food industry which returned 14.7% over the past year.

Return vs Market: LASM exceeded the JM Market which returned 3.2% over the past year.

Price Volatility

Is LASM's price volatile compared to industry and market?
LASM volatility
LASM Average Weekly Movement8.6%
Food Industry Average Movement8.7%
Market Average Movement8.7%
10% most volatile stocks in JM Market14.4%
10% least volatile stocks in JM Market4.8%

Stable Share Price: LASM is not significantly more volatile than the rest of JM stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LASM's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199482Lascelles Chinhttps://www.lascojamaica.com/manufacturing

Lasco Manufacturing Limited manufactures and sells soy protein beverages primarily in Jamaica. It offers juice drinks and water under the iCool brand; and food drink, enriched milk powder, and other products. The company also exports canned products, condiments, sauces, spices, seasonings and soups, beverages, and baby care and personal care products.

Lasco Manufacturing Fundamentals Summary

How do Lasco Manufacturing's earnings and revenue compare to its market cap?
LASM fundamental statistics
Market CapJA$20.21b
Earnings (TTM)JA$1.42b
Revenue (TTM)JA$8.75b

13.8x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LASM income statement (TTM)
RevenueJA$8.75b
Cost of RevenueJA$5.53b
Gross ProfitJA$3.22b
ExpensesJA$1.80b
EarningsJA$1.42b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin36.83%
Net Profit Margin16.27%
Debt/Equity Ratio6.9%

How did LASM perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is Lasco Manufacturing undervalued compared to its fair value and its price relative to the market?

13.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LASM (JMD4.76) is trading above our estimate of fair value (JMD1.79)

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


Price To Earnings Ratio

PE vs Industry: LASM is good value based on its PE Ratio (13.8x) compared to the JM Food industry average (20.1x).

PE vs Market: LASM is good value based on its PE Ratio (13.8x) compared to the JM market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LASM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LASM is good value based on its PB Ratio (2.3x) compared to the JM Food industry average (2.6x).


Future Growth

How is Lasco Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.3%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lasco Manufacturing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Lasco Manufacturing performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LASM has high quality earnings.

Growing Profit Margin: LASM's current net profit margins (16.3%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: LASM's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: LASM's earnings growth over the past year (23.1%) exceeds its 5-year average (17.3% per year).

Earnings vs Industry: LASM earnings growth over the past year (23.1%) underperformed the Food industry 31.2%.


Return on Equity

High ROE: LASM's Return on Equity (17%) is considered low.


Financial Health

How is Lasco Manufacturing's financial position?


Financial Position Analysis

Short Term Liabilities: LASM's short term assets (JMD6.1B) exceed its short term liabilities (JMD1.8B).

Long Term Liabilities: LASM's short term assets (JMD6.1B) exceed its long term liabilities (JMD957.0M).


Debt to Equity History and Analysis

Debt Level: LASM has more cash than its total debt.

Reducing Debt: LASM's debt to equity ratio has reduced from 43.6% to 6.9% over the past 5 years.

Debt Coverage: LASM's debt is well covered by operating cash flow (196.2%).

Interest Coverage: LASM's interest payments on its debt are well covered by EBIT (58.8x coverage).


Balance Sheet


Dividend

What is Lasco Manufacturing current dividend yield, its reliability and sustainability?

1.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LASM's dividend (1.53%) is higher than the bottom 25% of dividend payers in the JM market (1.25%).

High Dividend: LASM's dividend (1.53%) is low compared to the top 25% of dividend payers in the JM market (3.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LASM has been paying a dividend for less than 10 years.

Growing Dividend: LASM's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.1%), LASM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

Lascelles Chin (65 yo)

no data

Tenure

Hon. Lascelles Agustas Chin, O.J., C.D., LLD. (Hon. Causa), is the Founder of LASCO Financial Services Limited and LASCO Manufacturing Limited.Hon. Chin serves as an Executive Chairman of LASCO Financial...


Board Members

Experienced Board: LASM's board of directors are considered experienced (5.4 years average tenure).


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

Lasco Manufacturing Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lasco Manufacturing Limited
  • Ticker: LASM
  • Exchange: JMSE
  • Founded: 1994
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: JA$20.210b
  • Shares outstanding: 4.13b
  • Website: https://www.lascojamaica.com/manufacturing

Number of Employees


Location

  • Lasco Manufacturing Limited
  • 27 Red Hills Road
  • Kingston
  • 10
  • Jamaica

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:43
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.