Eveready (K) Financial Ratios

	2013	2014	2015	2016	2017
Current Assets	683971	763357	640620	266553	577860
Current Liabilities	444019	572293	651306	587381	214435
Working capital	239952	191064	-10686	-320828	363425
Total assets	941797	930057	1511665	1082806	772652
Retained earnings	184581	6994	-70716	-388343	325903
EBIT	102074	54812	11872	72368	9736
Total liabilities	545882	711594	705377	596228	223282
Sales	1428278	1216580	1132136	553311	338931
Price per share (as @ 30th September)	2.6	4.9	3.05	1.95	2.3
Number of shares	210000	210000	210000	210000	210000
Market capitalization	546000	1029000	640500	409500	483000
A	0.25478101968896	0.20543257026182	-0.0070690265369642	-0.29629314946537	0.4703605245311
B	0.19598809509905	0.0075199692061884	-0.04678020593187	-0.35864503890817	0.42179791160833
C	0.10838216728233	0.058934022323363	0.0078535919003218	0.066833763388825	0.012600756873728
D	1.0002161639329	1.4460492921525	0.90802507028157	0.68681779453498	2.1631837765695
E	1.5165454975966	1.3080703655797	0.7489331300255	0.51099735317314	0.43865931881364
1.2A	0.30573722362675	0.24651908431419	-0.008482831844357	-0.35555177935844	0.56443262943731
1.4B	0.27438333313867	0.010527956888664	-0.065492288304618	-0.50210305447144	0.59051707625166
3.3C	0.3576611520317	0.1944822736671	0.025916853271062	0.22055141918312	0.041582497683304
0.6D	0.60012969835972	0.86762957529153	0.54481504216894	0.41209067672099	1.2979102659417
1.0E	1.5165454975966	1.3080703655797	0.7489331300255	0.51099735317314	0.43865931881364
Z Score	3.0544569047535	2.6272292557412	1.2456899053165	0.28598461524737	2.9331017881276

	2013	2014	2015	2016	2017
Net income (000, Ksh)	45092	-177589	-77710	-206505	267173
Shareholders equity (000, Ksh)	395915	218463	806288	486578	549370
Total assets	941797	930057	1511665	1082806	772652
ROA	0.047878682985824	-0.19094421094621	-0.051406892400102	-0.19071283313908	0.34578697783737
ROE	0.11389313362717	-0.81290195593762	-0.096379953564979	-0.4244026651431	0.48632615541438

	2013	2014	2015	2016	2017
Total Liabilities (000, Ksh)	545882	711594	705377	596228	223282
Total assets (000, Ksh)	941797	930057	1511665	1082806	772652
EBIT (000, Ksh)	102074	54812	11872	-146594	258870
Interest Expense (000, Ksh)	29007	40638	50268	72368	9736
Debt ratio	0.57961747595289	0.76510794499692	0.46662256518475	0.55063233857219	0.28898132665158
Times interest earned (x)	3.518943703244	1.3487868497465	0.23617410678762	-2.0256743311961	26.588948233361

	2013	2014	2015	2016	2017
Cost of goods sold (0000, Ksh)	1080676	883215	899991	425016	251610
Fixed assets (0000, Ksh)	257826	166700	871045	816253	194792
Sales (0000, Ksh)	1428278	1216580	1132136	553311	338931
Inventory (0000, Ksh)	446584	502405	398767	161997	182798
Total assets	941797	930057	1511665	1082806	772652
Inventory turnover (x)	2.4198717374559	1.7579741443656	2.2569345005981	2.6236041408174	1.3764373789648
Assets turnover (x)	1.5165454975966	1.3080703655797	0.7489331300255	0.51099735317314	0.43865931881364
Fixed assets turnover (x)	3.1982292245132	7.2980203959208	1.2997445596955	0.67786703387308	1.7399636535381

	2013	2014	2015	2016	2017
Sales (000, Ksh)	1428278	1216580	1132136	553311	338931
Gross profit (000, Ksh)	347602	333365	232145	128295	87321
Net profit (000, Ksh)	45092	-177589	-77710	-206505	267173
Operating profit	102074	54812	11872	72368	9736
Gross profit margin	0.24337138848319	0.27401814923803	0.20505045330243	0.23186779225427	0.25763651008612
Operating profit margin	0.071466479214831	0.045054168242121	0.010486372661942	0.13079082107531	0.028725610817541
Net profit margin	0.031570884659709	-0.14597395978892	-0.068640163372598	-0.37321687080141	0.78828139060753

	2013	2014	2015	2016	2017
Current liabilities (000, Ksh)	444019	572293	651306	587381	214435
Current assets (000, Ksh)	683971	763357	640620	266553	577860
Inventory (000, Ksh)	446584	502405	398767	161997	182798
Current ratio	1.5404093068089	1.333856957887	0.98359296551851	0.45379915250919	2.6948026208408
Quick ratio	0.53463252698646	0.45597622197021	0.37133543987005	0.178003714795	1.842339170378

	2013	2014	2015	2016	2017
Share price (as at 30th September)	2.6	4.9	3.05	1.95	2.3
Earnings (attributable to parent company shareholders)	45102000	-177453000	587823000	-195911000	272792000
Outstanding ordinary shares	210000000	210000000	210000000	210000000	210000000
Dividends	0	0	0	0	210000000
Sales	1428278000	1216580000	1132136000	553311000	338931000
Earnings per Share (EPS)	0.21477142857143	-0.84501428571429	2.7991571428571	-0.93290952380952	1.2990095238095
Price Earnings (P/E) Ratio	12.105893308501	-5.7987185339217	1.0896137102495	-2.0902348515397	1.7705797823983
Dividends per Share (DPS)	0	0	0	0	1
Dividend Yield	0	0	0	0	0.43478260869565
Price/Sales per Share (PS)	0.38227852000801	0.84581367439872	0.56574475151395	0.74009011207079	1.4250688193172

						Percentage of Revenue
	2013	2014	2015	2016	2017	2013	2014	2015	2016	2017
Revenue (Ksh., 000)	1428278	1216580	1132136	553311	338931	1	1	1	1	1
Cost of sales (Ksh., 000)	1080676	883215	899991	425016	251610	0.75662861151681	0.72598185076197	0.79494954669757	0.76813220774573	0.74236348991388
Gross (loss)/profit (Ksh., 000)	347602	333365	232145	128295	87321	0.24337138848319	0.27401814923803	0.20505045330243	0.23186779225427	0.25763651008612
Operating profit (Ksh., 000)	102074	54812	11872	72368	9736	0.071466479214831	0.045054168242121	0.010486372661942	0.13079082107531	0.028725610817541
Profit/ (Loss) before taxation (Ksh., 000)	60113	-248014	-98912	-218962	249134	0.042087744822787	-0.20386164493909	-0.087367595412565	-0.39573043008362	0.73505816818172
Taxation credit/ (charge) (Ksh., 000)	-15021	70424	21202	47138	16947	-0.010516860163077	0.057886863173815	0.018727432039967	0.085192595122815	0.050001327703869
Profit (Loss) for the year (Ksh., 000)	45092	-177589	-77710	-206505	267173	0.031570884659709	-0.14597395978892	-0.068640163372598	-0.37321687080141	0.78828139060753

	Dollar change (Ksh,000)					Percentage change (%)
	2013	2014	2015	2016	2017	2013	2014	2015	2016	2017
Revenue	1,428,278	-211,698	-84,444	1,073,162,999	-214,380	100.00%	-14.82%	-6.94%	-51.13%	-38.74%
Cost of sales	1,080,676	-197,461	16,776	-474,975	-173,406	100.00%	-18.27%	1.90%	-52.78%	-40.80%
Gross (loss)/profit	347,602	-14,237	-101,220	-103,850	-40,974	100.00%	-4.10%	-30.36%	-44.73%	-31.94%
Operating profit	102,074	-47,262	-42,940	60,496	-62,632	100.00%	-46.30%	-78.34%	509.57%	-86.55%
Profit/ (Loss) before taxation	60,113	-308,127	149,102	-120,050	468,096	100.00%	-512.58%	-60.12%	121.37%	-213.78%
Taxation credit/ (charge)	-15,021	85,445	-49,222	25,936	-30,191	100.00%	-568.84%	-69.89%	122.33%	-64.05%
Profit (Loss) for the year	45,092	-222,681	99,879	-128,795	473,678	100.00%	-493.84%	-56.24%	165.74%	-229.38%

	Peer Analysis - Commercial and Services (2017)
	Z Score
Deacons	1.10
Eveready	2.93
Express Ltd	-2.07
Kenya Airways	-0.09
Longhorn	2.57
Nairobi Business Ventures	-
NMG	6.57
Sameer	1.93
Standard Group	2.28
TPS Serena	1.07
Uchumi	-
Scangroup	1.95
Industry Average	1.83


	Peer Analysis - Commercial and Services (2017)
	ROA	ROE
Deacons	-54.19%	-254.96%
Eveready	34.58%	48.63%
Express Ltd	-25.10%	134.51%
Kenya Airways	-6.98%	22.70%
Longhorn	7.20%	14.15%
Nairobi Business Ventures	-	-
NMG	10.77%	16.15%
Sameer	-0.48%	-0.77%
Standard Group	-4.73%	-11.30%
TPS Serena	-0.81%	-1.68%
Uchumi	-38.84%	49.66%
Scangroup	3.47%	5.40%
Industry Average	-6.83%	2.04%

	Peer Analysis - Commercial and Services (2017)
	Debt Ratio	Times Interest Earned
Deacons	78.75%	-8.25
Eveready	28.90%	26.59
Express Ltd	118.66%	-
Kenya Airways	130.73%	0.12
Longhorn	49.12%	3.95
Nairobi Business Ventures	-	-
NMG	25.91%	-
Sameer	38.12%	1.94
Standard Group	58.20%	1.95
TPS Serena	47.59%	2.75
Uchumi	178.22%	-
Scangroup	34.84%	401.93
Industry Average	71.73%	53.87

	Peer Analysis - Commercial and Services (2017)
	Inventory Turnover	Assets Turnover		Fixed Assets Turnover
Deacons	2.56	1.29	2.99	2.99
Eveready	1.38	0.44	1.74	1.74
Express Ltd	1.11	0.14	0.19	0.19
Kenya Airways	44.87	0.73	0.89	0.89
Longhorn	1.58	0.78	2.39	2.39
Nairobi Business Ventures	-	-		-
NMG	3.08	0.87	2.12	2.12
Sameer	2.53	0.88	2.07	2.07
Standard Group	-	1.04		1.80
TPS Serena	-	0.37		0.43
Uchumi	-	0.60		0.69
Scangroup	-	0.30		1.45
Industry Average	8.16	0.68		1.52

			0.44

	Peer Analysis - Commercial and Services (2017)
	Gross profit margin	Operating profit margin	Net profit margin
Deacons	32.94%	-36.60%	-41.95%
Eveready	25.76%	2.87%	78.83%
Express Ltd	10.16%	-163.44%	-179.54%
Kenya Airways	22.77%	0.84%	-9.60%
Longhorn	51.63%	15.96%	9.22%
Nairobi Business Ventures	-	-	-
NMG	81.52%	14.51%	12.34%
Sameer	29.72%	3.62%	-0.54%
Standard Group	-	7.58%	-4.53%
TPS Serena	-	6.40%	-2.20%
Uchumi	17.36%	-	-64.97%
Scangroup	-	16.93%	11.59%
Industry Average	33.98%	-13.13%	-17.40%


	Peer Analysis - Commercial and Services (2017)
	Current Ratio	Quick Ratio
Deacons	0.8	0.24
Eveready	2.69	1.84
Express Ltd	0.6	0.35
Kenya Airways	0.38	0.35
Longhorn	1.37	0.88
Nairobi Business Ventures	-	-
NMG	2.29	2.09
Sameer	1.55	0.88
Standard Group	0.85	0.71
TPS Serena	1.08	0.89
Uchumi	0.08	-
Scangroup	2.28	2.28
Industry Average	1.27	1.05

	Peer Analysis - Commercial and Services (2017)
	EPS	P/E Ratio	DPS	Dividend Yield	PS Ratio
Deacons	-6.82	-4.77	0.00	0.00%	2.00
Eveready	1.30	1.77	1.00	43.48%	1.43
Express Ltd	-2.55	-1.47	0.00	0.00%	2.64
Kenya Airways	-6.82	-0.88	0.00	0.00%	0.08
Longhorn	0.49	10.28	0.39	7.63%	0.95
Nairobi Business Ventures	-	-	-	-	-
NMG	6.92	16.76	10.00	8.62%	2.06
Sameer	0.05	59.82	0.00	0.00%	296.67
Standard Group	-3.32	-11.16	0.00	0.00%	0.65
TPS Serena	0.36	90.80	0.35	1.08%	0.92
Uchumi	-	-	-	-	-
Scangroup	1.20	15.83	0.75	3.95%	1.75
Industry Average	-0.92	17.70	1.25	6.48%	30.915

See: Eveready (K) Annual Reports

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