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| 2013 | 2014 | 2015 | 2016 | 2017 |
Current Assets | 7059940 | 4353304 | 2568095 | 1956462 | 1860291 |
Current Liabilities | 8408773 | 10635149 | 13670007 | 10826037 | 17021245 |
Working capital | -1348833 | -6281845 | -11101912 | -8869575 | -15160954 |
Total assets | 27148393 | 23563086 | 20572517 | 26801136 | 24091095 |
Retained earnings | 7149058 | 4510363 | 1056001 | -2345349 | -8768408 |
EBIT | -1506138 | -2793563 | -5468256 | -5159721 | -8082994 |
Total liabilities | 13859423 | 12921281 | 14500936 | 19241172 | 23334515 |
Sales | 11957823 | 13075912 | 5531357 | 6285917 | 2091751 |
Price per share (as @ 30th June) | 4.2 | 2.9 | 2.35 | 1.25 | 1.1 |
Number of shares | 1530000 | 1530000 | 1530000 | 1530000 | 1530000 |
Market capitalization | 6426000 | 4437000 | 3595500 | 1912500 | 1683000 |
A | -0.049683714244154 | -0.26659687105501 | -0.53964772516654 | -0.33094026312914 | -0.62931776243463 |
B | 0.26333263998352 | 0.19141648084635 | 0.051330666053162 | -0.087509313038074 | -0.36396884408949 |
C | -0.055477979856856 | -0.11855675440815 | -0.26580393638756 | -0.19251874248912 | -0.33551791647495 |
D | 0.46365566589605 | 0.34338700628831 | 0.2479495116729 | 0.099396232204566 | 0.072124918816611 |
E | 0.44046154039394 | 0.5549320661988 | 0.26887118382257 | 0.23453920012943 | 0.086826729959763 |
1.2A | -0.059620457092985 | -0.31991624526601 | -0.64757727019985 | -0.39712831575497 | -0.75518131492155 |
1.4B | 0.36866569597692 | 0.2679830731849 | 0.071862932474427 | -0.1225130382533 | -0.50955638172528 |
3.3C | -0.18307733352762 | -0.39123728954688 | -0.87715299007895 | -0.63531185021411 | -1.1072091243673 |
0.6D | 0.27819339953763 | 0.20603220377299 | 0.14876970700374 | 0.05963773932274 | 0.043274951289967 |
1.0E | 0.44046154039394 | 0.5549320661988 | 0.26887118382257 | 0.23453920012943 | 0.086826729959763 |
Z Score | 0.84462284528788 | 0.3177938083438 | -1.0352264369781 | -0.86077626477022 | -2.2418451397644 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Net income (000, Ksh) | -1669716 | -2706595 | -4644801 | -4756591 | -6773934 |
Shareholders equity (000, Ksh) | 13288970 | 10641805 | 6071581 | 7559964 | 756580 |
Total assets | 27148393 | 23563086 | 20403564 | 26801136 | 24091095 |
ROA | -0.061503308869884 | -0.11486589659775 | -0.22764655233762 | -0.17747721589115 | -0.28117999617701 |
ROE | -0.12564675817614 | -0.25433608302351 | -0.76500684088708 | -0.62918169980704 | -8.9533611779323 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Total Liabilities (000, Ksh) | 13859423 | 12921281 | 14500936 | 19241172 | 23334515 |
Total assets (000, Ksh) | 27148393 | 23563086 | 20572517 | 26801136 | 24091095 |
EBIT (000, Ksh) | -1506138 | -2793563 | -5468256 | -5159721 | -8082994 |
Interest Expense (000, Ksh) | 729861 | 611483 | 839001 | 910798 | 1448184 |
Debt ratio | 0.5105062019693 | 0.54836964054708 | 0.70486931667136 | 0.7179237477098 | 0.96859503480435 |
Times interest earned (x) | -2.0635956709565 | -4.5685047662813 | -6.5175798360193 | -5.6650552592342 | -5.5814689293626 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Cost of goods sold (0000, Ksh) | 10395794 | 12227708 | 7191569 | 8048406 | 5279897 |
Fixed assets (0000, Ksh) | 20088453 | 19209782 | 18004422 | 24844674 | 22230804 |
Sales (0000, Ksh) | 11957823 | 13075912 | 5531357 | 6285917 | 2091751 |
Inventory (0000, Ksh) | 2463064 | 1118959 | 714780 | 489811 | 408468 |
Total assets | 27148393 | 23563086 | 20403564 | 26801136 | 24091095 |
Inventory turnover (x) | 4.2206755488286 | 10.927753385066 | 10.061234225916 | 16.431656291917 | 12.92609702596 |
Assets turnover (x) | 0.44046154039394 | 0.5549320661988 | 0.27109758863697 | 0.23453920012943 | 0.086826729959763 |
Fixed assets turnover (x) | 4.8548567962505 | 0.68069028581376 | 0.30722213687282 | 0.25300863275566 | 0.094092458374425 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Sales (000, Ksh) | 11957823 | 13075912 | 5531357 | 6285917 | 2091751 |
Gross profit (000, Ksh) | 1548248 | 848204 | -1660212 | -1762489 | -3188146 |
Net profit (000, Ksh) | -1669716 | -2706595 | -4644801 | -4756591 | -6773934 |
Operating profit | -1506138 | -2793563 | -5468256 | -5159721 | -8082994 |
Gross profit margin | 0.12947574152921 | 0.064867674239472 | -0.30014551582912 | -0.28038693479408 | -1.5241517752352 |
Operating profit margin | -0.12595419751572 | -0.21364192417324 | -0.98859213028557 | -0.82083823251246 | -3.8642238010165 |
Net profit margin | -0.13963377782059 | -0.20699091581528 | -0.83972178978865 | -0.7567059825957 | -3.2384036149618 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Current liabilities (000, Ksh) | 8408773 | 10635149 | 13670007 | 10826037 | 17021245 |
Current assets (000, Ksh) | 7059940 | 4353304 | 2568095 | 1956462 | 1860291 |
Inventory (000, Ksh) | 2463064 | 1118959 | 714780 | 489811 | 408468 |
Current ratio | 0.83959217355493 | 0.40933173573779 | 0.18786347366172 | 0.18071820741052 | 0.10929229912383 |
Quick ratio | 0.54667619163937 | 0.30411844723567 | 0.13557527805216 | 0.13547441228956 | 0.085294759578397 |
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| 2013 | 2014 | 2015 | 2016 | 2017 |
Share price (as at 30th June) | 4.2 | 2.9 | 2.35 | 1.25 | 1.1 |
Earnings (attributable to parent company shareholders) | -1660406000 | -2706595000 | -4644801000 | -4756591000 | -6773934000 |
Outstanding ordinary shares | 1530000000 | 1530000000 | 1530000000 | 1530000000 | 1530000000 |
Dividends | 0 | 0 | 0 | 0 | 0 |
Sales | 11957823000 | 13075912000 | 5531357000 | 6285917000 | 2091751000 |
Earnings per Share (EPS) | -1.0852326797386 | -1.7690163398693 | -3.0358176470588 | -3.1088830065359 | -4.4274078431373 |
Price Earnings (P/E) Ratio | -3.8701377855777 | -1.6393291201676 | -0.77409129045572 | -0.4020736699876 | -0.24845237641819 |
Dividends per Share (DPS) | 0 | 0 | 0 | 0 | 0 |
Dividend Yield | 0 | 0 | 0 | 0 | 0 |
Price/Sales per Share (PS) | 0.53738878723995 | 0.33932623590615 | 0.65002132388128 | 0.30425155152383 | 0.80458907393853 |
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| | | | | | Percentage of Revenue | | | | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2013 | 2014 | 2015 | 2016 | 2017 |
Revenue (Ksh., 000) | 11957823 | 13075912 | 5531357 | 6285917 | 2091751 | 1 | 1 | 1 | 1 | 1 |
Cost of sales (Ksh., 000) | 10395794 | 12227708 | 7191569 | 8048406 | 5279897 | 0.86937179116968 | 0.93513232576053 | 1.3001455158291 | 1.2803869347941 | 2.5241517752352 |
Gross (loss)/profit (Ksh., 000) | 1548248 | 848204 | -1660212 | -1762489 | -3188146 | 0.12947574152921 | 0.064867674239472 | -0.30014551582912 | -0.28038693479408 | -1.5241517752352 |
Operating profit (Ksh., 000) | -1506138 | -2793563 | -5468256 | -5159721 | -8082994 | -0.12595419751572 | -0.21364192417324 | -0.98859213028557 | -0.82083823251246 | -3.8642238010165 |
Profit/ (Loss) before taxation (Ksh., 000) | -2222699 | -3405046 | -6307257 | -6070519 | -9531178 | -0.18587823218323 | -0.26040600456779 | -1.1402729926852 | -0.9657332414666 | -4.5565547715765 |
Taxation credit/ (charge) (Ksh., 000) | 562293 | 698451 | 1662456 | -4756591 | -6773934 | 0.047023024174216 | 0.053415088752509 | 0.3005512028965 | -0.7567059825957 | -3.2384036149618 |
Profit (Loss) for the year (Ksh., 000) | -1669716 | -2706595 | -4644801 | -4756591 | -6773934 | -0.13963377782059 | -0.20699091581528 | -0.83972178978865 | -0.7567059825957 | -3.2384036149618 |
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| Reported Figures | | | | | Dollar change (Ksh) | | | | | Percentage change (%) | | | | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2013 | 2014 | 2015 | 2016 | 2017 | 2013 | 2014 | 2015 | 2016 | 2017 |
Revenue (Ksh., 000) | 11957823 | 13075912 | 5531357 | 6285917 | 2091751 | 11957823 | 1118089 | -7544555 | 754560 | -4194166 | 1 | 0.093502722025573 | -0.57698116964996 | 0.13641498822079 | -0.66723216358091 |
Cost of sales (Ksh., 000) | 10395794 | 12227708 | 7191569 | 8048406 | 5279897 | 10395794 | 1831914 | -5036139 | 856837 | -2768509 | 1 | 0.17621684308096 | -0.41186287732746 | 0.11914465396911 | -0.34398227425406 |
Gross (loss)/profit (Ksh., 000) | 1548248 | 848204 | -1660212 | -1762489 | -3188146 | 1548248 | -700044 | -2508416 | -102277 | -1425657 | 1 | -0.45215236835442 | -2.9573263035779 | 0.061604783003616 | 0.80888845263715 |
Operating profit (Ksh., 000) | -1506138 | -2793563 | -5468256 | -5159721 | -8082994 | -1506138 | -1287425 | -2674693 | 308535 | -2923273 | 1 | 0.85478555085922 | 0.95744860595591 | -0.056422925334878 | 0.56655640876706 |
Profit/ (Loss) before taxation (Ksh., 000) | -2222699 | -3405046 | -6307257 | -6070519 | -9531178 | -2222699 | -1182347 | -2902211 | 236738 | -3460659 | 1 | 0.53194202183921 | 0.85232651776217 | -0.037534224465564 | 0.57007629825391 |
Taxation credit/ (charge) (Ksh., 000) | 562293 | 698451 | 1662456 | -4756591 | -6773934 | 562293 | 136158 | 964005 | -6419047 | -2017343 | 1 | 0.24214777704862 | 1.3802041947109 | -3.8611830929661 | 0.42411529601767 |
Profit (Loss) for the year (Ksh., 000) | -1669716 | -2706595 | -4644801 | -4756591 | -6773934 | -1669716 | -1036879 | -1938206 | -111790 | -2017343 | 1 | 0.62099123443747 | 0.71610492149731 | 0.024067769534152 | 0.42411529601767 |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | | |
| Z Score | | | | | |
BOC Kenya Ltd | 3.70 | | | | | |
BAT | 50.56 | | | | | |
Carbacid | 7.06 | | | | | |
EABL | 4.10 | | | | | |
Flame Tree | 2.69 | | | | | |
Kenya Orchards | 8.74 | | | | | |
Mumias | -2.24 | | | | | |
Unga Group | 2.91 | | | | | |
Industry Average | 9.69 | | | | | |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | | | |
| ROA | ROE | | | | | | |
BOC Kenya Ltd | 1.77% | 2.44% | | | | | | |
BAT | 18.74% | 42.55% | | | | | | |
Carbacid | 10.65% | 12.05% | | | | | | |
EABL | 12.77% | 68.75% | | | | | | |
Flame Tree | 2.37% | 5.43% | | | | | | |
Kenya Orchards | 5.30% | 37.21% | | | | | | |
Mumias | -28.12% | -895.34% | | | | | | |
Unga Group | -0.31% | -0.87% | | | | | | |
Industry Average | 2.89% | -90.97% | | | | | | |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | | | | | | | | |
| Debt Ratio | Times Interest Earned | | | | | | | | | | | |
BOC Kenya Ltd | 27.71% | 30.88 | | | | | | | | | | | |
BAT | 55.97% | 10.90 | | | | | | | | | | | |
Carbacid | 11.58% | - | | | | | | | | | | | |
EABL | 82.02% | 5.09 | | | | | | | | | | | |
Flame Tree | 56.48% | 2.08 | | | | | | | | | | | |
Kenya Orchards | 85.77% | 15.27 | | | | | | | | | | | |
Mumias | 96.86% | -5.58 | | | | | | | | | | | |
Unga Group | 46.64% | 4.26 | | | | | | | | | | | |
Industry Average | 57.88% | 8.99 | | | | | | | | | | | |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | | |
| Inventory Turnover | Assets Turnover | Fixed Assets Turnover | | | | | |
BOC Kenya Ltd | 3.20 | 0.43 | 0.95 | 0.95 | | | | | |
BAT | - | 1.05 | | 2.04 | | | | | |
Carbacid | 3.66 | 0.18 | 0.26 | 0.26 | | | | | |
EABL | 5.23 | 1.05 | 1.58 | 1.58 | | | | | |
Flame Tree | 6.01 | 1.44 | 4.50 | 4.50 | | | | | |
Kenya Orchards | 11.08 | 0.68 | 1.62 | 1.62 | | | | | |
Mumias | 12.93 | 0.09 | 0.09 | 0.09 | | | | | |
Unga Group | 7.44 | 1.90 | 5.32 | 5.32 | | | | | |
Industry Average | 7.08 | 0.85 | 2.04 | | | | | |
| | | | | | | | | |
| | | 0.44 | | | | | | |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | |
| Gross profit margin | Operating profit margin | Net profit margin | | | | |
BOC Kenya Ltd | 53.47% | 3.07% | 4.07% | | | | |
BAT | - | 28.71% | 17.87% | | | | |
Carbacid | 66.62% | 46.48% | 59.77% | | | | |
EABL | 44.32% | 23.58% | 12.12% | | | | |
Flame Tree | 32.51% | 4.22% | 1.64% | | | | |
Kenya Orchards | 18.09% | 10.98% | 7.78% | | | | |
Mumias | -152.42% | -386.42% | -323.84% | | | | |
Unga Group | 11.49% | 1.03% | -0.17% | | | | |
Industry Average | 10.58% | -33.54% | -27.59% | | | | |
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| | | | | | | | | |
| Peer Analysis - Manufacturing and Allied (2017) | | | | | | | |
| Current Ratio | Quick Ratio | | | | | | | |
BOC Kenya Ltd | 1.95 | 1.73 | | | | | | | |
BAT | 1.32 | 0.45 | | | | | | | |
Carbacid | 6.80 | 6.44 | | | | | | | |
EABL | 1.01 | 0.67 | | | | | | | |
Flame Tree | 1.29 | 0.98 | | | | | | | |
Kenya Orchards | 1.71 | 1.64 | | | | | | | |
Mumias | 0.11 | 0.09 | | | | | | | |
Unga Group | 1.64 | 1.06 | | | | | | | |
Industry Average | 1.98 | 1.63 | | | | | | | |
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| Peer Analysis - Manufacturing and Allied (2017) | | | | | | |
| EPS | P/E Ratio | DPS | Dividend Yield | PS Ratio | | | | |
BOC Kenya Ltd | 2.02 | 53.05 | 5.20 | 4.86% | 2.16 | | | | | | |
BAT | 33.36 | 23.98 | 43.00 | 5.38% | 4.28 | | | | | | |
Carbacid | 1.38 | 9.48 | 0.70 | 5.34% | 5.66 | | | | | | |
EABL | 9.71 | 24.52 | 7.50 | 3.15% | 2.68 | | | | | | |
Flame Tree | 0.22 | 20.38 | 0.00 | 0.00% | 0.33 | | | | | | |
Kenya Orchards | 0.45 | 217.66 | 0.00 | 0.00% | 16.94 | | | | | | |
Mumias | -4.43 | -0.25 | 0.00 | 0.00% | 0.80 | | | | | | |
Unga Group | 0.28 | 109.26 | 1.00 | 3.31% | 0.12 | | | | | | |
Industry Average | 5.37 | 57.26 | 7.18 | 2.75% | 4.123 | | | | | | |
See: Mumias Sugar Annual Reports
Companies Financial Statements