MoneyWorks4Me

Check Before You Invest : Iconik Sports And Events Ltd

BSE: 511260 NSE: ISIN: INE088P01015
  |   Sector:  BFSI   |   Industry:  Finance - Investment

Snapshot

Q.1 Which industry/sub-sector does Iconik Sports And Events Ltd belong to?
Iconik Sports And Events Ltd belongs to the BFSI sector, operating specifically within the Finance - Investment segment.
Q.2 Is Iconik Sports And Events Ltd a good quality company?
Iconik Sports And Events Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

Q.3 Is Iconik Sports And Events Ltd undervalued or overvalued?
Iconik Sports And Events Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios Current 0-year
Historic Median
Price to Earnings - 30.12
Price to Book - 5.19
Price to Sales - 5.10
EV to EBITDA - 14.93
Q.4 Is Iconik Sports And Events Ltd a good buy now?
Iconik Sports And Events Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

A: What are the trends in income and profitability?

Q.1 Total Income growth of Iconik Sports And Events Ltd?
Iconik Sports And Events Ltd Operating Income growth is % for FY-, which is in line with its --year CAGR of N/A%, indicating stable growth.

Q.2 Does its ROIC exceed its WACC?
Iconik Sports And Events Ltd return on invested capital (ROIC) is % for FY-, is lower than its estimated weighted average cost of capital (WACC) of 14%, indicating value erosion.

B: Does the bank grow efficiently and manage its operating costs?

Q.3 Total Asset growth of Iconik Sports And Events Ltd?
Iconik Sports And Events Ltd Total Asset growth is 21.57% for FY-, which is below its 0-year CAGR of 27.02%, indicating slower growth.

Ownership & governance

D: Promoter shareholding and pledge status of Iconik Sports And Events Ltd?

Q.1 Promoter shareholding and pledge status of Iconik Sports And Events Ltd?
Promoters hold 8.68% of the Iconik Sports And Events Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Iconik Sports And Events Ltd performance compare with that of its Peers?

Q.1 AUM Growth of Iconik Sports And Events Ltd vs Industry Peers?
Iconik Sports And Events Ltd AUM CAGR is %, compared to the 0-year industry median CAGR of 26.77%, indicating slower growth and losing its market share.

Q.2 Profit metrics (NPM, PPOP, RoA) of Iconik Sports And Events Ltd vs industry peers
Iconik Sports And Events Ltd profit metrics are below the industry median level of 18.31%, indicating weaker profitability compared to peers.
Profit Metrics
Current Level 0-year
Industry Median
NPM (%) - 24.39
PPOP (%) - 27.24
RoA (%) - 3.3

Q.3 Operating efficiency of Iconik Sports And Events Ltd vs industry peers?
Iconik Sports And Events Ltd ROCE () is in line with the industry median of (); while the current ROE (20.2) are above than the 5-year average Industry ROE (16.4). This shows that the business is positioned in the top quartile of the industry.
Operating Efficiency
Current Level 0-year
Industry Median
NPM (%) - 24.39
PPOP (%) - 27.24
RoA (%) - 3.3
ROCE (%) - -
ROE (%) - 16.4

Valuation & price assessment

Q.1 Stock return of Iconik Sports And Events Ltd over the last decade?
Over the last 5 years, the stock has delivered a CAGR of 16.53% based on the current price.
9Y 5Y 3Y 1Y
Share Price
CAGR
- 16.5% 29% -55%
Q.2 How do the current valuation ratios compare with 5-year historical median and industry numbers?
Valuation Ratios Current 0-year
Historic Median
0-year
Industry Median
Price to Earnings - 30.12 -
Price to Book - 5.19 -
Price to Sales - 5.10 -
EV to EBITDA - 14.93 -
Q.3 Valuation ratios of Iconik Sports And Events Ltd vs historical and industry averages?
The current Price-to-Book (P/B) ratio of 0 is lower than its historical median of 5.19, indicating that the stock is trading below its historical average valuation.

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