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Safaricom FY 2014 results +31% profit after tax
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Any live links? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 12/17/2013 Posts: 118
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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There is already another thread for Safaricom results. Why the duplication??? http://www.wazua.co.ke/f...26627&p=5#post552394Don't Work for Money, Let Money Work for You..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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DPS = 47cts!? The rumour mill was right on the money - http://www.wazua.co.ke/f...amp;m=552348#post552348
Div yield as per today's price is 3.64% i.e. 0.47/12.90 Cashflow swells to 22.7B boosting the M&A war chest. Focus now shifts what pans out in the mobi money turf war. But with that cashflow the entrants will find a ready opponent. Going head to head with a cashflow flush opponent will not be the best option to attack that market. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 12/17/2013 Posts: 118
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Rank: Veteran Joined: 11/20/2009 Posts: 1,402
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Growth on all Product Lines
16% growth in revenues
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Rank: Member Joined: 1/15/2010 Posts: 625
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Revenue growth - 16%
EBIDTA growth - 24%
Proposed Dividend - 47 cents per share
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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 FY 2014 Voice revenues at 60%
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Rank: Veteran Joined: 11/20/2009 Posts: 1,402
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Growth on all Product Lines
16% growth in revenues to 23b
12% growth in Voice Revenues
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Rank: Member Joined: 1/3/2014 Posts: 257
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hisah wrote:My focus on today's FY release will be on EPS, cashflow and M&A plans. I need to see how the cashflow bucket will be loaded going forward with the corporate bond payouts coming up in 2015 and 2016. Also the debt pay back ratio is key to confirm how fast the debt free phase will be achieved.
This thing is still a cashcow as along as it can maintain a flowing cashflow bucket.
If the H1 momentum was replicated in H2 then FY should read
EPS = 0.56
DPS = 70% of EPS i.e. 0.56*70% = 39cts. As per the rumour mill it's speculated 85% of free cashflow will be paid as div which would mean 47cts!?
P/E = 22.95 at a price of 12.85
If P/E remains at the lofty 29 - 30 levels then with an EPS of 0.56 the price will scale above 16/- while pricing the future DPS spike.
yosie14 wrote:http://www.safaricom.co.ke/
Dividend 0.47 @hisah was spot on!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:DPS = 47cts!? The rumour mill was right on the money - http://www.wazua.co.ke/f...amp;m=552348#post552348
Div yield as per today's price is 3.64% i.e. 0.47/12.90 Cashflow swells to 22.7B boosting the M&A war chest. Focus now shifts what pans out in the mobi money turf war. But with that cashflow the entrants will find a ready opponent. Going head to head with a cashflow flush opponent will not be the best option to attack that market. Dang! Those rumor mongers are better than @Obiero's Exchange bar patriots. @georgeop...dint do it must have been admin doing some cleaning, i posted in the thread you've pasted. Excellent results i must say "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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Time to delve deeeeper Click on the links below to view the updates. Full Year 2013-2014 Results PresentationFull Year 2013-2014 Results Press CommentaryAnd good calls @hisah, as always  snipermnoma wrote:
@hisah was spot on!
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Rank: Member Joined: 12/17/2013 Posts: 118
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hisah wrote:DPS = 47cts!? The rumour mill was right on the money - http://www.wazua.co.ke/f...amp;m=552348#post552348
Div yield as per today's price is 3.64% i.e. 0.47/12.90 Cashflow swells to 22.7B boosting the M&A war chest. Focus now shifts what pans out in the mobi money turf war. But with that cashflow the entrants will find a ready opponent. Going head to head with a cashflow flush opponent will not be the best option to attack that market. And EPS 0.57.Dang!!!! KCB,NMG,PAFR
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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snipermnoma wrote:hisah wrote:My focus on today's FY release will be on EPS, cashflow and M&A plans. I need to see how the cashflow bucket will be loaded going forward with the corporate bond payouts coming up in 2015 and 2016. Also the debt pay back ratio is key to confirm how fast the debt free phase will be achieved.
This thing is still a cashcow as along as it can maintain a flowing cashflow bucket.
If the H1 momentum was replicated in H2 then FY should read
EPS = 0.56
DPS = 70% of EPS i.e. 0.56*70% = 39cts. As per the rumour mill it's speculated 85% of free cashflow will be paid as div which would mean 47cts!?
P/E = 22.95 at a price of 12.85
If P/E remains at the lofty 29 - 30 levels then with an EPS of 0.56 the price will scale above 16/- while pricing the future DPS spike.
yosie14 wrote:http://www.safaricom.co.ke/
Dividend 0.47 @hisah was spot on! Actual EPS = 0.57 Actual DPS = 0.47 @Hisah is right on the money @SufficientlyP
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Rank: Member Joined: 1/3/2014 Posts: 257
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hisah wrote:My focus on today's FY release will be on EPS, cashflow and M&A plans. I need to see how the cashflow bucket will be loaded going forward with the corporate bond payouts coming up in 2015 and 2016. Also the debt pay back ratio is key to confirm how fast the debt free phase will be achieved.
This thing is still a cashcow as along as it can maintain a flowing cashflow bucket.
If the H1 momentum was replicated in H2 then FY should read
EPS = 0.56
DPS = 70% of EPS i.e. 0.56*70% = 39cts. As per the rumour mill it's speculated 85% of free cashflow will be paid as div which would mean 47cts!?
P/E = 22.95 at a price of 12.85
If P/E remains at the lofty 29 - 30 levels then with an EPS of 0.56 the price will scale above 16/- while pricing the future DPS spike.
There is another thread on the FY results but had to come back here and acknowledge @hisah for being spot on with the numbers!
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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But at a trailing PER 0f 22.63 using todays VWAP of 12.90, Scom is indeed trading at a premium.A conservative telco trailing PER of 15 would place it right at KES.8.55. If Scom matches its 2013-2014 29.55% EPS growth, giving it forward PER of 15, its EPS would be 0.738 = (.57*1.2955)and this would put its price at KES.11.07 In my view, a fall in its price below this(11.07) is a buy! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:DPS = 47cts!? The rumour mill was right on the money - http://www.wazua.co.ke/f...amp;m=552348#post552348
Div yield as per today's price is 3.64% i.e. 0.47/12.90Cashflow swells to 22.7B boosting the M&A war chest. Focus now shifts what pans out in the mobi money turf war. But with that cashflow the entrants will find a ready opponent. Going head to head with a cashflow flush opponent will not be the best option to attack that market. For member, the yield on accounts release date(KES.32) was 4.69 that is(1.5/3.59) and still the retention rate was higher at 58.21% vs mpesa's 17.54% though Mpesa is much more liquid and hence can afford a higher Div ratio. @SufficientlyP
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Rank: Member Joined: 3/3/2014 Posts: 131
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Sufficiently Philanga....thropic wrote:hisah wrote:DPS = 47cts!? The rumour mill was right on the money - http://www.wazua.co.ke/f...amp;m=552348#post552348
Div yield as per today's price is 3.64% i.e. 0.47/12.90Cashflow swells to 22.7B boosting the M&A war chest. Focus now shifts what pans out in the mobi money turf war. But with that cashflow the entrants will find a ready opponent. Going head to head with a cashflow flush opponent will not be the best option to attack that market. For member, the yield on accounts release date(KES.32) was 4.69 that is(1.5/3.59) and still the retention rate was higher at 58.21% vs mpesa's 17.54% though Mpesa is much more liquid and hence can afford a higher Div ratio. @hisah  IMITATION IS LIMITATION
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Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
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Sufficiently Philanga....thropic wrote:But at a trailing PER 0f 22.63 using todays VWAP of 12.90, Scom is indeed trading at a premium.A conservative telco trailing PER of 15 would place it right at KES.8.55.
If Scom matches its 2013-2014 29.55% EPS growth, giving it forward PER of 15, its EPS would be 0.738 = (.57*1.2955)and this would put its price at KES.11.07
In my view, a fall in its price below this(11.07) is a buy!
11:07 noted Thanks for the information
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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poundfoolish wrote:Sufficiently Philanga....thropic wrote:But at a trailing PER 0f 22.63 using todays VWAP of 12.90, Scom is indeed trading at a premium.A conservative telco trailing PER of 15 would place it right at KES.8.55.
If Scom matches its 2013-2014 29.55% EPS growth, giving it forward PER of 15, its EPS would be 0.738 = (.57*1.2955)and this would put its price at KES.11.07
In my view, a fall in its price below this(11.07) is a buy!
11:07 noted Thanks for the information I doubt we will ever see 11.07 on this... possunt quia posse videntur
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Safaricom FY 2014 results +31% profit after tax
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