Financials Alset International Limited

Equities

40V

SG1AE2000006

Real Estate Development & Operations

Market Closed - Singapore S.E. 05:04:53 2024-05-03 am EDT 5-day change 1st Jan Change
0.025 SGD +4.17% Intraday chart for Alset International Limited +4.17% -26.47%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 35.25 50.05 125.7 181.6 122.2 118.8
Enterprise Value (EV) 1 46.91 54.21 44.68 97.73 94.87 83.82
P/E ratio -4.65 x -3.63 x 1.72 x -2.81 x -2.63 x -26 x
Yield - - - - - -
Capitalization / Revenue 1.31 x 1.55 x 5.02 x 6.94 x 40.8 x 4.65 x
EV / Revenue 1.74 x 1.68 x 1.78 x 3.73 x 31.7 x 3.28 x
EV / EBITDA -10.8 x -4.63 x -18.4 x -96 x -11.7 x 26.1 x
EV / FCF 4.95 x 4.32 x -48.1 x 8.04 x -1.78 x 2.55 x
FCF Yield 20.2% 23.2% -2.08% 12.4% -56.2% 39.2%
Price to Book 0.99 x 1.98 x 1.16 x 1.37 x 1.36 x 1.39 x
Nbr of stocks (in thousands) 1,101,457 1,163,934 1,769,910 3,492,713 3,492,713 3,492,713
Reference price 2 0.0320 0.0430 0.0710 0.0520 0.0350 0.0340
Announcement Date 4/7/19 5/29/20 4/13/21 4/15/22 4/21/23 4/15/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 26.92 32.35 25.05 26.18 2.996 25.52
EBITDA 1 -4.359 -11.72 -2.426 -1.018 -8.118 3.213
EBIT 1 -4.407 -11.75 -2.459 -1.069 -8.267 2.984
Operating Margin -16.37% -36.33% -9.82% -4.08% -275.93% 11.69%
Earnings before Tax (EBT) 1 -8.288 -13.05 -7.658 -48.39 -40.28 -4.54
Net income 1 -7.579 -13.09 56.29 -49.24 -46.4 -4.567
Net margin -28.15% -40.48% 224.76% -188.07% -1,548.77% -17.9%
EPS 2 -0.006880 -0.0119 0.0413 -0.0185 -0.0133 -0.001307
Free Cash Flow 1 9.468 12.56 -0.9291 12.16 -53.28 32.85
FCF margin 35.17% 38.82% -3.71% 46.44% -1,778.33% 128.75%
FCF Conversion (EBITDA) - - - - - 1,022.53%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/7/19 5/29/20 4/13/21 4/15/22 4/21/23 4/15/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 11.7 4.16 - - - -
Net Cash position 1 - - 81 83.9 27.4 34.9
Leverage (Debt/EBITDA) -2.677 x -0.3553 x - - - -
Free Cash Flow 1 9.47 12.6 -0.93 12.2 -53.3 32.9
ROE (net income / shareholders' equity) -20.1% -44% -11.3% -41.7% -36.8% -5.25%
ROA (Net income/ Total Assets) -3.67% -12.7% -1.79% -0.46% -3.62% 1.72%
Assets 1 206.8 102.7 -3,144 10,672 1,281 -265.1
Book Value Per Share 2 0.0300 0.0200 0.0600 0.0400 0.0300 0.0200
Cash Flow per Share 2 0 0 0.0100 0.0100 0 0.0100
Capex 1 0.04 0.01 0.04 0.64 0.75 0.33
Capex / Sales 0.16% 0.02% 0.16% 2.45% 24.87% 1.29%
Announcement Date 4/7/19 5/29/20 4/13/21 4/15/22 4/21/23 4/15/24
1SGD in Million2SGD
Estimates
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