BURSA MALAYSIA |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.5 MYR | -0.35% |
|
+3.03% | +23.01% |
| May. 28 | LBS Bina Buys Back Shares | MT |
| May. 28 | Matrix Concepts' Profit Rises in Fiscal Q4 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,924 | 6,715 | 5,301 | 5,382 | 5,592 | 6,879 | - | - |
| Enterprise Value (EV) 1 | 4,672 | 6,276 | 4,802 | 4,935 | 5,168 | 6,413 | 6,446 | 6,380 |
| P/E ratio | 26.5 x | 17.8 x | 14.9 x | 23.8 x | 22.1 x | 25 x | 24.4 x | 23.6 x |
| Yield | 3.42% | 6.14% | 6.26% | 3.98% | 3.84% | 3.76% | 3.88% | 4.05% |
| Capitalization / Revenue | 9.8 x | 8.41 x | 6.91 x | 8.92 x | 9.43 x | 9.98 x | 9.68 x | 9.39 x |
| EV / Revenue | 9.3 x | 7.86 x | 6.26 x | 8.18 x | 8.72 x | 9.3 x | 9.08 x | 8.71 x |
| EV / EBITDA | 16.9 x | 11.9 x | 9.58 x | 14.6 x | 14.5 x | 16 x | 15.7 x | 15.1 x |
| EV / FCF | 28.1 x | 15.7 x | 13.8 x | 25.4 x | 29.5 x | 13.9 x | 22.7 x | 19.1 x |
| FCF Yield | 3.56% | 6.39% | 7.22% | 3.94% | 3.39% | 7.22% | 4.41% | 5.24% |
| Price to Book | 6.48 x | 7.48 x | 6.49 x | - | 6.77 x | 8.16 x | 7.98 x | 7.72 x |
| Nbr of stocks (in thousands) | 808,503 | 809,027 | 809,299 | 809,299 | 809,299 | 809,299 | - | - |
| Reference price 2 | 6.090 | 8.300 | 6.550 | 6.650 | 6.910 | 8.500 | 8.500 | 8.500 |
| Announcement Date | 1/30/20 | 2/2/21 | 1/28/22 | 1/31/23 | 1/31/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 502.5 | 798.9 | 767.5 | 603.2 | 592.8 | 689.5 | 710.3 | 732.9 |
| EBITDA 1 | 277.1 | 528.5 | 501 | 337.5 | 355.3 | 400.2 | 411.3 | 422.7 |
| EBIT 1 | 256.3 | 507.1 | 479 | 310.5 | 322 | 366.5 | 374 | 383 |
| Operating Margin | 51.01% | 63.47% | 62.4% | 51.48% | 54.32% | 53.15% | 52.65% | 52.26% |
| Earnings before Tax (EBT) 1 | 255.8 | 506.6 | 478.4 | 310 | 321.5 | 364.7 | 373.8 | 385.6 |
| Net income 1 | 185.9 | 377.7 | 355.3 | 226.6 | 252.4 | 275 | 282.2 | 291 |
| Net margin | 36.99% | 47.28% | 46.28% | 37.56% | 42.57% | 39.88% | 39.73% | 39.71% |
| EPS 2 | 0.2300 | 0.4670 | 0.4390 | 0.2800 | 0.3120 | 0.3397 | 0.3485 | 0.3598 |
| Free Cash Flow 1 | 166.2 | 401 | 346.7 | 194.3 | 175.1 | 462.9 | 284.2 | 334.6 |
| FCF margin | 33.07% | 50.2% | 45.17% | 32.22% | 29.53% | 67.14% | 40.01% | 45.65% |
| FCF Conversion (EBITDA) | 59.98% | 75.88% | 69.21% | 57.59% | 49.28% | 115.69% | 69.11% | 79.16% |
| FCF Conversion (Net income) | 89.41% | 106.17% | 97.6% | 85.77% | 69.37% | 168.36% | 100.7% | 114.97% |
| Dividend per Share 2 | 0.2080 | 0.5100 | 0.4100 | 0.2650 | 0.2650 | 0.3193 | 0.3299 | 0.3445 |
| Announcement Date | 1/30/20 | 2/2/21 | 1/28/22 | 1/31/23 | 1/31/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 165.3 | 151.9 | 135.7 | 145.7 | 156.5 | - | - | 151.2 | - | 187.2 |
| EBITDA | - | 99.13 | - | - | - | - | - | - | 80.43 | - | - |
| EBIT | - | 92.77 | 81.2 | 68.83 | 67.74 | - | - | - | - | - | - |
| Operating Margin | - | 56.12% | 53.46% | 50.71% | 46.49% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | 92.63 | 81.06 | 68.7 | 67.61 | 76.15 | - | - | - | - | - |
| Net income 1 | 64.95 | 67.97 | 59.47 | 50.13 | 49 | 56.17 | 76.25 | 60.4 | 59.55 | 120 | 74.33 |
| Net margin | - | 41.12% | 39.15% | 36.93% | 33.63% | 35.89% | - | - | 39.4% | - | 39.71% |
| EPS | 0.0800 | 0.0840 | 0.0730 | 0.0620 | 0.0610 | 0.0690 | 0.0940 | 0.0750 | 0.0740 | - | - |
| Dividend per Share 2 | 0.1700 | - | 0.1500 | - | 0.1150 | - | 0.1500 | - | 0.1150 | - | - |
| Announcement Date | 1/28/22 | 4/28/22 | 7/28/22 | 10/31/22 | 1/31/23 | 5/3/23 | 7/31/23 | 10/31/23 | 1/31/24 | 1/31/24 | 4/30/24 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 252 | 439 | 499 | 447 | 424 | 466 | 433 | 499 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 166 | 401 | 347 | 194 | 175 | 463 | 284 | 335 |
| ROE (net income / shareholders' equity) | 23% | 46% | 41.4% | 28.3% | 31.4% | 33.4% | 33.3% | 33.5% |
| ROA (Net income/ Total Assets) | 7.82% | 13.6% | 9.38% | 5.28% | 6.71% | 7.99% | 7.76% | 7.77% |
| Assets 1 | 2,378 | 2,777 | 3,787 | 4,293 | 3,763 | 3,440 | 3,639 | 3,746 |
| Book Value Per Share 2 | 0.9400 | 1.110 | 1.010 | - | 1.020 | 1.040 | 1.070 | 1.100 |
| Cash Flow per Share 2 | 0.2300 | 0.5200 | 0.4700 | 0.3100 | 0.2600 | 0.9800 | 0.4400 | 0.5400 |
| Capex 1 | 20.4 | 16.2 | 29.9 | 58.4 | 36.4 | 44.5 | 38.7 | 34 |
| Capex / Sales | 4.07% | 2.03% | 3.9% | 9.68% | 6.14% | 6.45% | 5.45% | 4.64% |
| Announcement Date | 1/30/20 | 2/2/21 | 1/28/22 | 1/31/23 | 1/31/24 | - | - | - |
1MYR in Million2MYR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
8.5
MYR
Average target price
8.414
MYR
Spread / Average Target
-1.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.01% | 1.47B | |
| +4.09% | 78.2B | |
| -1.14% | 63.14B | |
| +3.13% | 45.19B | |
| -4.45% | 36.77B | |
| +3.54% | 35.88B | |
| -23.92% | 11.74B | |
| +11.82% | 10.06B | |
| -29.54% | 8.22B | |
| +14.57% | 7.53B |
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