Financials Asia File Corporation Bhd.

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-06-10 pm EDT			5-day change	1st Jan Change
2.29 ^MYR	-1.29%		+0.44%	+10.10%

May. 31	Asia File Corporation Bhd. Recommends Final Single Tier Dividend	CI
May. 31	Asia File Corporation Bhd. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	CI

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	496.6	451.8	399.3	340.9	446	-	-
Enterprise Value (EV) ¹	346.9	451.8	399.3	340.9	428.2	446	446
P/E ratio	10.4 x	9.69 x	-	10.9 x	8.3 x	9.6 x	9.22 x
Yield	5.49%	-	0.98%	2%	3.25%	3.84%	4.02%
Capitalization / Revenue	1.52 x	-	1.24 x	1.07 x	1.46 x	1.4 x	1.33 x
EV / Revenue	1.52 x	-	1.24 x	1.07 x	1.46 x	1.4 x	1.33 x
EV / EBITDA	11.1 x	-	-	5.76 x	7.77 x	6.79 x	6.53 x
EV / FCF	19,904,627 x	-	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-	-
Price to Book	-	-	-	45.6 x	56.8 x	54.5 x	52.3 x
Nbr of stocks (in thousands)	194,760	194,759	194,759	194,813	194,761	-	-
Reference price ²	2.550	2.320	2.050	1.750	2.290	2.290	2.290
Announcement Date	5/31/19	5/28/21	5/30/22	5/29/23	5/31/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	327.8	-	323	317.6	294.2	318.6	336.6
EBITDA ¹	44.9	-	-	59.22	55.11	65.7	68.25
EBIT ¹	35.83	-	36.38	47.82	52.18	54.4	56.65
Operating Margin	10.93%	-	11.26%	15.06%	17.73%	17.07%	16.83%
Earnings before Tax (EBT) ¹	54.57	-	-	43.82	64.73	59.45	61.95
Net income ¹	47.76	46.62	-	31.63	52.08	46.8	48.8
Net margin	14.57%	-	-	9.96%	17.7%	14.69%	14.5%
EPS ²	0.2453	0.2394	-	0.1611	0.2652	0.2385	0.2485
Free Cash Flow	24.95	-	-	-	-	-	-
FCF margin	7.61%	-	-	-	-	-	-
FCF Conversion (EBITDA)	55.57%	-	-	-	-	-	-
FCF Conversion (Net income)	52.24%	-	-	-	-	-	-
Dividend per Share ²	0.1400	-	0.0200	0.0350	0.0745	0.0880	0.0920
Announcement Date	5/31/19	5/28/21	5/30/22	5/29/23	5/31/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	150	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	25	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-	4.32%	6.6%	6.5%	6.5%
ROA (Net income/ Total Assets)	7.05%	-	-	4.01%	6.2%	6.3%	6.3%
Assets ¹	677.5	-	-	789.8	725.8	742.9	774.6
Book Value Per Share ²	-	-	-	0.0400	0.0400	0.0400	0.0400
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	6.72	-	8.3	5.92	6.9	7.4	5.8
Capex / Sales	2.05%	-	2.57%	1.86%	2.22%	2.32%	1.72%
Announcement Date	5/31/19	5/28/21	5/30/22	5/29/23	5/31/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.29 MYR

Average target price

2.375 MYR

Spread / Average Target

+3.71%

	1st Jan change	Capi.
ASIA FILE CORPORATION BHD.	+10.10%	94.53M
BRADY CORPORATION	+13.51%	3.16B
BIC	+3.42%	2.98B
HNI CORPORATION	+8.18%	2.14B
STEELCASE INC.	-7.32%	1.43B
OKAMURA CORPORATION	+0.09%	1.34B
UCHIDA YOKO CO., LTD.	+8.14%	478M
ACCO BRANDS CORPORATION	-19.74%	467M
FLAIR WRITING INDUSTRIES LIMITED	-14.91%	375M
KOKUYO CAMLIN LIMITED	+4.20%	180M