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Sri Lanka Equity Forum » Stock Market Talk » VFIN target price -- Rs 80.00 within 2 months

VFIN target price -- Rs 80.00 within 2 months

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1 VFIN target price -- Rs 80.00 within 2 months on Sun Feb 19, 2017 11:20 am

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
First topic message reminder :

Vallibel Finance, the name-bearer of the iconic Vallibel Group, capped yet another outstanding Q3, reporting impressive returns for last 9 months of 2016.
Total income crossed the Rs.3 billion mile-stone, reaching Rs. 3.6 Billion, netting in an exponential growth of 43% as against the previous figure of Rs. 2.4 Billion. It was a robust 9 months for the company as all key indicators returned trumps.
Net interest income moved up 18.9% percent to reach Rs. 1.44 Billion bolstering the pre-tax profits which propelled to Rs. 934 Million, a growth of 47%.
The company stamped its stature on the loan book as well, disbursing Rs. 13.1 Billion during the same period of 2016, offering renewed impetus for growth for people across the country, as a far-fledged mandate of financial support took deeper roots reaching more people in more places.
This was evident in the loan book as total disbursements reached Rs. 23.7 Billion.
“Ours is a home-grown model of financial stewardship that makes us an integral part of the lives and dreams of our customers. At the same time, it’s all built on professionalism and accountability”– Dhammika Perera , Executive Director, Vallibel Finance
The increasing popularity of Vallibel Finance and the respect it commands in the market are evident in its performance which is clearly indicative of the increasing stature of the company. 


SLFINANCEWATCH


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Venura..
Do not have much information on theee things, But there will be good chance for a share Split..As they have only 30 branches they have much more space to grow their biz through nebw brznches.
Think they open few in last few months as well.
Others like PLC, LOFC, CFIN, LFIN do not have that chance as they are already covered most part of the country.
VFIN have an edge on that factor..10 new Branches will easily increase their NIM's by 20.00% - 30.00%.

Analysing past results and market situation VFIN will surely post 925 mn + PBT In next year (700Mn * 30.00%).
I.e a EPS of 22.00.
And NAV will be about 80.00.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Expected price might be reached before the said period Or even after that. Timing predictions are far reachable.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@SLFINANCEWATCH wrote:.Take VFIN..I may be wrong in short term but as an investment i will surely get a 200% return within 2-3 years..
oh yes boss. thanks. this is what I exactly say. See the topic. Hit 80 in 2 months. So say new comers buy vfin following you, hoping to sell it 80 in 2 months. Assume he want money in 2 months time. But in 2 months time price may have declined. who knows.. Now what happens.. he will be in a deep shit hole... Then you can come and say this have a long term value and blaa blaa...But will it help him???
So my friend you are an educated and intelligent guy. I think you can understand what I am trying to say. So pls give only your analysis (Technical or fundamentals). Never give short term target prices..BECAUSE IT'S OTHERS BLOOD..

SLFINANCEWATCH


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks for your advices dude..

SLFINANCEWATCH


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Smile Very Happy Smile Very Happy

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks slfinance for analysis. No doubt long term winner like lfin.

venura


Senior Equity Analytic
Senior Equity Analytic
Not sure about the forecasted mkt prices. But really interesting to analyse the performances of a company like this. Continues growth in every performance indicator. Can remember in 2007 they recorded just 6Mn as profits. After 10 years its recording nearly 1Bn. Credit should go to top management for implementing a nice business model. Even the staff is having a nice growth with the company. Some of the guys who joined in 2007 as mkting executives hv become branch managers today. If the share price reach to the levels SLFW has predicted shareholders will hv a nice time too.

venura


Senior Equity Analytic
Senior Equity Analytic
As slfw predicted vfin has delivered outstanding results for this qtr too. Eps over 21(annualized),nav over 60.

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Good share for long term investing.No need to worry about price movement.Dividend it self would give good amount.

venura


Senior Equity Analytic
Senior Equity Analytic
I think they will declare 3 or 3/50

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Exceptional results from VFIN, They continuously deliver good results in last few years.

Last Quarter Annualized EPS : Rs. 21.17    PE at 68/- = 3.21
Last Year EPS : Rs. 17.48 PE at 68/- = 3.89

Sector PE 7.50

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Last Quarter Annualized EPS : Rs. 21.17    PE at 70/- = 3.30
Last Year EPS : Rs. 17.48 PE at 70/- = 4.00

Sector PE 7.50

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Some strong shares are not well recognized by many of its intensity but few.

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Agree with Worthiness..
Considering VGIN's ROE ( 32%+), EPS ( Last Quarter = 21.17 and Last Financial Year = 17.48 ), NAV of 61.50 this should trading at around Rs.100.

Finance Sector PER = 7.60 × 17.48 = Rs.132.80

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Rs 3.50 dividend possible

venura


Senior Equity Analytic
Senior Equity Analytic
@SLFW
How do you compare vfin with lolc. Lolc's EPS is 24. For the dec qtr lolc has achieved nearly 3bn profits.

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