IC Market Espresso 23 Mar 2020

 
Cash Per Share of Slovenian Blue Chips

Today we bring you a brief cash per share analysis of Slovenian blue chips, coupled with a comparison of their current share price and the share price in the beginning of the year.

In order to see the strength of the balance sheet and how liquid Slovenian blue chips are, we decided to present you with a brief overview of their cash per share. This figure as the percentage of a company’s share price can give us more insight on the company’s strength on returning the money to shareholders (either through dividends or buybacks), paying down debt etc.

Cash per Share of Slovenian Blue Chips (EUR)

A high level of cash per share indicates a solid performance of the company, reinsuring the shareholders that the company is operating with “enough room” to cover for any potential difficulties and that the company has adequate capital.

Cash per Share as a Percentage of the Current Share Price (%)

When looking at the chart, Sava Re holds the highest cash per share as a percentage of their current share price, with cash per share amounting to roughly 38% of the company’s share price. Meanwhile, Triglav’s cash accounts for 16% of their current share price. When looking at the share price performance since the beginning of the year, Sava Re witnessed a 20.6% decrease, while the price of Triglav’s shares fell 25.8%. Considering that both of these insurance companies are quite compatible, one could conclude that investors are more interested on companies with more cash at hand.

Share price performance YTD (%)

However, if we take a look at the final chart, one can notice that defensive shares have recorded the lowest decrease in value among Slovenian companies, despite being in the middle of the list when it comes to cash per share. This might indicate that amid the current global turmoil, investors are looking to invest in companies whose products and services are expected to be in use even if the current situation takes a turn for the worse.

INA Proposes HRK 62.27 DPS

At the current share price, dividend yield is 2.1%.

INA published a document on the Zagreb Stock Exchange announcing that the Management and Supervisory Boards agreed on the proposal of the dividend payout from net profit in the amount of HRK 622.7m, which represents a payout ratio of 53%.

Such a dividend translates into a HRK 62.27 per share, which is almost half the value of the dividend paid in 2019 (HRK 125 per share).

At the current share price, dividend yield is 2.1%

Dividend per Share (HRK) and Dividend Yield (%) (2015 – 2020)*

*compared to the share price a day before the dividend proposal

AD Plastik Issues Another Announcement Regarding Covid-19 Impact

AD Plastik announced that they are forced to stop most of their production at production sites in Croatia, Serbia and Hungary for a while.

On Friday, AD Plastik published another announcement regarding the Covid-19 impact on their operations.

The Group has been exposed to significant business challenges and risks. In accordance with the stoppage of production of their customers, the world’s most renowned car manufacturers, AD Plastik announced that they are consequently forced to stop most of their production at production sites in Croatia, Serbia and Hungary for a while.

The Group notes that at the moment they cannot predict the duration of this situation at their production sites, as it depends primarily on the global market situation and the activities of their customers. For the time being, production processes have been proceeding as planned at the company’s Russian production sites, and they continue their project activities in developing components for new vehicle models.

The company notes that they fully focused and determined in maintaining the vitality of the company in order to meet the requirements of the Group’s customers and interests of all stakeholders.

SIF Oltenia Proposes RON 0.1 DPS

At the current share price dividend yield is 5.3%, while the ex-date is 11 June 2020.

SIF Oltenia published an announcement on the Bucharest Stock Exchange proposing RON 52.2m to be distributed as dividends to their shareholders. This translates into a dividend of RON 0.1 per share, which is 33.3% lower compared to the dividend paid in 2019 (RON 1.5 per share).

At the current share price dividend yield is 5.3%, while the payout ratio is 42%.

Note that the ex-date is 11 June 2020, while the dividend is subject to approval at the GSM which will be held on 28 April 2020.

Dividend per Share (RON) & Dividend Yield (%) (2015 – 2020)*

*compared to the share price a day before the dividend proposal

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