Financials Apex Equity Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.94 ^MYR	+1.08%		-4.08%	-12.96%

Mar. 11	Apex Equity, Yuanta Securities Tie Up for Cross-Market Initiatives	MT
Feb. 27	Apex Equity Holdings Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	222.9	241.1	190.5	190.5	-
Enterprise Value (EV) ¹	222.9	241.1	218.9	190.5	190.5
P/E ratio	10.4 x	37.7 x	29.9 x	22.7 x	21.1 x
Yield	-	-	-	-	-
Capitalization / Revenue	-	6.71 x	4.8 x	4.7 x	4.54 x
EV / Revenue	-	6.71 x	4.8 x	4.7 x	4.54 x
EV / EBITDA	-	31.9 x	17.5 x	16.6 x	16 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	0.75 x	0.67 x	0.55 x	0.55 x
Nbr of stocks (in thousands)	202,640	202,640	202,640	202,640	-
Reference price ²	1.100	1.190	0.9400	0.9400	0.9400
Announcement Date	2/21/22	2/27/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	35.96	45.62	40.55	41.95
EBITDA ¹	-	7.553	12.53	11.5	11.9
EBIT ¹	-	6.555	10.86	11.05	12
Operating Margin	-	18.23%	23.8%	27.25%	28.61%
Earnings before Tax (EBT) ¹	-	6.79	10.74	11.05	11.9
Net income ¹	21.48	6.406	7.318	8.35	8.95
Net margin	-	17.81%	16.04%	20.59%	21.33%
EPS ²	0.1060	0.0316	0.0361	0.0415	0.0445
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-
Announcement Date	2/21/22	2/27/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	1.95%	2.25%	2.15%	2.15%
ROA (Net income/ Total Assets)	-	1.73%	2%	2.35%	2.45%
Assets ¹	-	370.7	365.7	355.3	365.3
Book Value Per Share ²	-	1.580	1.620	1.700	1.700
Cash Flow per Share ²	-	-0.3800	-0.2600	0.0700	0.0600
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	2/21/22	2/27/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.94 MYR

Average target price

1.195 MYR

Spread / Average Target

+27.13%

	1st Jan change	Capi.
APEX EQUITY HOLDINGS	-12.96%	39.95M
EAST MONEY INFORMATION CO.,LTD.	-6.55%	28.58B
GUOTAI JUNAN SECURITIES CO., LTD.	-6.85%	15.75B
CHINA GALAXY SECURITIES CO., LTD.	+2.66%	14.3B
XP INC.	-19.22%	11.55B
ORIENT SECURITIES COMPANY LIMITED	-3.68%	9.03B
CINDA SECURITIES CO., LTD.	-13.34%	6.98B
ZHESHANG SECURITIES CO., LTD.	+5.18%	5.82B
SDIC CAPITAL CO.,LTD	-3.56%	5.76B
WESTERN SECURITIES CO.,LTD.	+18.21%	4.64B