Bankruptcy Prediction Investor Return Leverage Management Efficiency Profitability Ratios Liquidity Valuation Multiples Vertical Analysis Horizontal Analysis             2013 2014 2015 2016 2017 Current Assets 6848562 8205777 7768257 8285671 3723487 Current Liabilities 7246584 17490596 20258902 14159435 17194544 Working capital  -398022 -9284819 -12490645 -5873764 -13471057 Total assets 29705254 36912580 51936664 51058802 42699067 Retained earnings 6427905 7956969 5014111 2521988 -2948977 EBIT 2671506 2350450 -1229164 -966545 -5784869 Total liabilities 21481522 27491773 35090896 23263681 21883543 Sales 14179208 13743185 14735936 12823826 8697333 Price per share (as @ 31st December) 90 86 41.75 25.5 13 Number of shares 495275 495275 495275 848940 959940.2 Market capitalization 44574750 42593650 20677731.25 21647970 12479222.6 A -0.013399043818982 -0.25153535732263 -0.24049763766113 -0.11503920518934 -0.31548832202821 B 0.21638949796558 0.2155625263799 0.096542800669677 0.049393795020886 -0.069064202269338 C 0.089933787470728 0.063676123424589 -0.023666595143654 -0.018930036783863 -0.13547998601468 D 2.075027551586 1.5493235012525 0.58926199120136 0.93054792145749 0.57025604126352 E 0.4773299699777 0.37231710706756 0.28372896649658 0.2511579883915 0.20368906421304 1.2A -0.016078852582779 -0.30184242878715 -0.28859716519336 -0.13804704622721 -0.37858598643385 1.4B 0.30294529715181 0.30178753693185 0.13515992093755 0.06915131302924 -0.096689883177073 3.3C 0.2967814986534 0.21013120730114 -0.078099763974059 -0.062469121386749 -0.44708395384845 0.6D 1.2450165309516 0.92959410075152 0.35355719472082 0.55832875287449 0.34215362475811 1.0E 0.4773299699777 0.37231710706756 0.28372896649658 0.2511579883915 0.20368906421304 Z Score 2.3059944441517 1.5119875232649 0.40574915298753 0.67812188668127 -0.37651713448822             2013 2014 2015 2016 2017 Net income (0000, Ksh) 1,348,803 1,493,393 1,070,850,983 1,070,941,649 1,067,192,012 Shareholders equity (0000, Ksh) 8,223,732 9,420,807 16,840,597 27,789,157 20,798,998 Total assets 29,705,254 36,912,580 51,936,664 51,058,802 42,699,067 ROA 4.54% 4.05% -5.57% -5.48% -15.34% ROE 16.40% 15.85% -17.17% -10.08% -31.49%   2013 2014 2015 2016 2017 Total Liabilities (0000, Ksh) 21,481,522 27,491,773 35090896 23,263,681 21,883,543 Total assets (0000, Ksh) 29,705,254 36,912,580 51,936,664 51,058,802 42,699,067 EBIT (0000, Ksh) 2,671,506 * 2,350,450 * (1,229,164) * 1,072,775,279 * 1,067,956,955 Interest Expense (0000, Ksh) 671,446 332,317 2,309,992 3,012,286 1,736,497 Debt ratio 72.32% 74.48% 67.56% 45.56% 51.25% Times interest earned (X) 3.98 7.07 -0.53 -0.32 -3.33   2013 2014 2015 2016 2017 Cost of goods sold (0000, Ksh) 10,732,293 10,018,396 10,390,795 10,850,639 9,961,422 Fixed assets (0000, Ksh) 22,856,692 28,706,803 44,168,407 42,773,131 38,975,580 Sales (0000, Ksh) 14,179,208 13,743,185 14,735,936 12,823,826 8,697,333 Inventory (0000, Ksh) 2,529,995 4,036,141 3,867,349 3,274,363 1,145,974 Total assets 29,705,254 36,912,580 51,936,664 51,058,802 42,699,067 Inventory turnover 4.24 2.48 2.69 3.31 8.69 Assets turnover 0.48 0.37 0.28 0.25 0.20 Fixed assets turnover 0.62 0.48 0.33 0.30 0.22             2013 2014 2015 2016 2017 Sales (0000, Ksh) 14,179,208 13,743,185 14,735,936 12,823,826 8,697,333 Gross profit (0000, Ksh) 3,446,915 3,724,789 4,345,141 1,973,187 1,072,477,735 Net profit (0000, Ksh) 1,348,803 1,493,393 1,070,850,983 1,070,941,649 1,067,192,012 Operating profit 2,671,506 * 2,350,450 * (1,229,164) * 1,072,775,279 * 1,067,956,955 Gross profit margin 24.31% 27.10% 29.49% 15.39% -14.53% Operating profit margin 18.84% 17.10% -8.34% -7.54% -66.51% Net profit margin 9.51% 10.87% -19.62% -21.84% -75.31%             2013 2014 2015 2016 2017 Current liabilities (0000, Ksh) 7,246,584 17,490,596 20,258,902 14,159,435 17,194,544 Current assets (0000, Ksh) 6,848,562 8,205,777 7,768,257 8,285,671 3,723,487 Inventory (0000, Ksh) 2,529,995 4,036,141 3,867,349 3,274,363 1,145,974 Current ratio 0.95 0.47 0.38 0.59 0.22 Quick ratio 0.60 0.24 0.19 0.35 0.15             2013 2014 2015 2016 2017 Share price (as at 31st Dec) 90.00 86.00 41.75 25.50 13.00 Earnings 1,348,803,000 1,493,393,000 -2,890,841,000 -2,800,175,000 -6,549,812,000 Outstanding ordinary shares 495,275,000 495,275,000 495,275,000 848,940,000 959,940,200 Dividends 297,165,000 297,165,000 0 0 0 Sales 14,179,208,000 13,743,185,000 14,735,936,000 12,823,826,000 8,697,333,000 Earnings per Share (EPS) 2.72 3.02 -5.84 -3.30 -6.82 Price Earnings (P/E) Ratio 33.05 28.52 -7.15 -7.73 -1.91 Dividends per Share (DPS) 0.60 0.60 0.00 0.00 0.00 Dividend Yield 0.67% 0.70% 0.00% 0.00% 0.00% Price/Sales per Share (PS) 3.14 3.10 1.40 1.69 1.43             % of Revenues 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Revenue (Ksh., 000) 14,179,208 13,743,185 14,735,936 12,823,826 8,697,333 100.00% 100.00% 100.00% 100.00% 100.00% Cost of sales (Ksh., 000) 10,732,293 10,018,396 10,390,795 10,850,639 9,961,422 75.69% 72.90% 70.51% 84.61% 114.53% Gross (loss)/profit (Ksh., 000) 3,446,915 3,724,789 4,345,141 1,973,187 1,072,477,735 24.31% 27.10% 29.49% 15.39% -14.53% Operating profit (Ksh., 000) 2,671,506 2,350,450 -1,229,164 1,072,775,279 1,067,956,955 18.84% 17.10% -8.34% -7.54% -66.51% Profit/ (Loss) before taxation (Ksh., 000) * 2,000,060 * 2,018,133 * 1,070,202,668 * 1,069,762,993 * 1,066,220,458 14.11% 14.68% -24.02% -31.03% -86.48% Taxation credit/ (charge) (Ksh., 000) * 1,073,090,567 * (524,740) * 648,315 * 1,178,656 * 971,554 -4.59% -3.82% 4.40% 9.19% 11.17% Profit (Loss) for the year (Ksh., 000) * 1,348,803 * 1,493,393 * 1,070,850,983 * 1,070,941,649 * 1,067,192,012 9.51% 10.87% -19.62% -21.84% -75.31%   Dollar change (Ksh, 000) Percentage change, YoY (%) 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Revenue 14,179,208 -436,023 992,751 1,071,829,714 1,069,615,331 100.00% -3.08% 7.22% -12.98% -32.18% Cost of sales 10,732,293 1,073,027,927 372,399 459,844 1,072,852,607 100.00% -6.65% 3.72% 4.43% -8.20% Gross (loss)/profit 3,446,915 277,874 620,352 1,071,369,870 1,070,504,548 100.00% 8.06% 16.65% -54.59% -164.06% Operating profit 2,671,506 -321,056 1,070,162,210 262,619 1,068,923,500 100.00% -12.02% -152.29% -21.37% 498.51% Profit/ (Loss) before taxation 2,000,060 18,073 1,068,184,535 -439,675 1,070,199,289 100.00% 0.90% -275.37% 12.42% 89.03% Taxation credit/ (charge) 1,073,090,567 126,517 1,173,055 530,341 -207,102 100.00% -19.43% -223.55% 81.80% -17.57% Profit (Loss) for the year 1,348,803 144,590 1,069,357,590 90,666 1,069,992,187 100.00% 10.72% -293.58% -3.14% 133.91%

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See: Marshalls E.A Annual Reports

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