Financials Eco World Development Group

Equities

ECOWLD

MYL8206OO004

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
1.59 MYR +0.63% Intraday chart for Eco World Development Group +5.30% +51.43%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,914 1,119 3,003 1,781 2,974 4,683 - -
Enterprise Value (EV) 1 5,288 4,197 5,426 3,261 4,166 6,377 6,391 6,362
P/E ratio 9.41 x 8.28 x 16.4 x 11.3 x 15.7 x 17.3 x 15.7 x 14.6 x
Yield - - 3.92% 8.26% 5.94% 3.91% 4.09% 4.21%
Capitalization / Revenue 0.78 x 0.56 x 1.47 x 0.87 x 1.34 x 1.91 x 1.78 x 1.68 x
EV / Revenue 2.15 x 2.1 x 2.66 x 1.6 x 1.87 x 2.6 x 2.42 x 2.29 x
EV / EBITDA 20.1 x 30.3 x 18.7 x 23.5 x 12.7 x 16.9 x 15.3 x 14.2 x
EV / FCF 10.1 x 8.49 x 7.12 x 4.07 x 19.3 x 20.5 x 32.5 x 26.3 x
FCF Yield 9.89% 11.8% 14% 24.6% 5.17% 4.87% 3.08% 3.8%
Price to Book 0.42 x 0.24 x 0.63 x 0.38 x 0.62 x 0.96 x 0.94 x 0.91 x
Nbr of stocks (in thousands) 2,944,368 2,944,368 2,944,368 2,944,369 2,944,369 2,945,323 - -
Reference price 2 0.6500 0.3800 1.020 0.6050 1.010 1.590 1.590 1.590
Announcement Date 12/11/19 12/17/20 12/16/21 12/16/22 12/14/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,462 1,997 2,043 2,044 2,227 2,449 2,636 2,784
EBITDA 1 263.1 138.5 289.6 138.6 328.1 377.2 418.6 449.1
EBIT 1 225.9 112.6 266 117 305.8 371 407.1 429.4
Operating Margin 9.17% 5.64% 13.02% 5.73% 13.73% 15.15% 15.44% 15.42%
Earnings before Tax (EBT) 1 266 169 239.3 225.8 270 372.4 400.6 427.4
Net income 1 203.4 135.2 182.7 157.2 189.3 278.3 299.2 319.8
Net margin 8.26% 6.77% 8.95% 7.69% 8.5% 11.36% 11.35% 11.49%
EPS 2 0.0691 0.0459 0.0621 0.0534 0.0643 0.0918 0.1013 0.1089
Free Cash Flow 1 523.2 494.4 761.9 802 215.5 310.8 196.6 241.6
FCF margin 21.25% 24.76% 37.3% 39.25% 9.68% 12.69% 7.46% 8.68%
FCF Conversion (EBITDA) 198.84% 357.07% 263.1% 578.55% 65.68% 82.42% 46.97% 53.81%
FCF Conversion (Net income) 257.19% 365.74% 416.92% 510.17% 113.83% 111.68% 65.72% 75.55%
Dividend per Share 2 - - 0.0400 0.0500 0.0600 0.0622 0.0650 0.0669
Announcement Date 12/11/19 12/17/20 12/16/21 12/16/22 12/14/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2023 Q1 2023 S1 2023 S2 2024 Q4
Net sales 484.7 - - -
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) 79.8 - - -
Net income 57 119.7 69.63 -
Net margin 11.76% - - -
EPS 1 0.0194 0.0407 - 0.0970
Dividend per Share - - - -
Announcement Date 3/23/23 6/22/23 12/14/23 -
1MYR
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,375 3,078 2,422 1,480 1,192 1,694 1,708 1,679
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 12.83 x 22.23 x 8.365 x 10.67 x 3.632 x 4.491 x 4.079 x 3.738 x
Free Cash Flow 1 523 494 762 802 216 311 197 242
ROE (net income / shareholders' equity) 4.59% 2.94% 3.88% 3.31% 3.98% 5.6% 6.01% 6.28%
ROA (Net income/ Total Assets) 1.91% 1.28% 1.82% 1.64% 2.07% 3.09% 3.27% 3.44%
Assets 1 10,678 10,521 10,038 9,574 9,151 9,016 9,142 9,309
Book Value Per Share 2 1.540 1.590 1.620 1.610 1.620 1.660 1.700 1.740
Cash Flow per Share 2 0.1800 0.1800 0.3300 0.3200 0.1900 -0.2100 0.0400 0.0600
Capex 1 19.3 24.1 101 134 357 239 161 191
Capex / Sales 0.78% 1.21% 4.96% 6.55% 16.01% 9.76% 6.12% 6.84%
Announcement Date 12/11/19 12/17/20 12/16/21 12/16/22 12/14/23 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
1.59 MYR
Average target price
1.605 MYR
Spread / Average Target
+0.94%
Consensus
  1. Stock Market
  2. Equities
  3. ECOWLD Stock
  4. Financials Eco World Development Group