Financials Avarga Limited

Equities

U09

SG1K55001665

Construction Supplies & Fixtures

Market Closed - Singapore S.E. 02:11:29 2024-04-16 am EDT 5-day change 1st Jan Change
0.185 SGD -0.54% Intraday chart for Avarga Limited +5.11% +2.78%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 184.7 147.7 263.4 249.8 199.8 163.5
Enterprise Value (EV) 1 320.6 338.8 423.2 330.2 227.9 113.3
P/E ratio 15.6 x 4.54 x 4.84 x 3.45 x 3.93 x 15 x
Yield 17.9% 3.21% 5.36% 3.05% - -
Capitalization / Revenue 0.12 x 0.11 x 0.16 x 0.1 x 0.08 x 0.1 x
EV / Revenue 0.2 x 0.24 x 0.25 x 0.14 x 0.1 x 0.07 x
EV / EBITDA 5.5 x 5.5 x 3.48 x 2.13 x 1.64 x 1.61 x
EV / FCF 25.2 x 5.2 x 12.1 x 2.84 x 4.04 x 1.34 x
FCF Yield 3.96% 19.2% 8.24% 35.2% 24.7% 74.7%
Price to Book 0.88 x 0.73 x 1.09 x 0.85 x 0.61 x 0.49 x
Nbr of stocks (in thousands) 947,069 947,069 940,807 908,356 908,314 908,314
Reference price 2 0.1950 0.1560 0.2800 0.2750 0.2200 0.1800
Announcement Date 4/10/19 4/14/20 3/23/21 4/13/22 4/12/23 4/2/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,573 1,404 1,693 2,435 2,368 1,700
EBITDA 1 58.24 61.62 121.5 155 139.3 70.43
EBIT 1 45.36 50.29 109.3 143.2 127.4 58.72
Operating Margin 2.88% 3.58% 6.45% 5.88% 5.38% 3.45%
Earnings before Tax (EBT) 1 31.13 53.32 102.2 136.4 109.9 39.11
Net income 1 11.16 32.56 54.83 73.3 50.88 10.93
Net margin 0.71% 2.32% 3.24% 3.01% 2.15% 0.64%
EPS 2 0.0125 0.0344 0.0579 0.0798 0.0560 0.0120
Free Cash Flow 1 12.7 65.1 34.89 116.1 56.39 84.69
FCF margin 0.81% 4.64% 2.06% 4.77% 2.38% 4.98%
FCF Conversion (EBITDA) 21.8% 105.66% 28.72% 74.92% 40.48% 120.24%
FCF Conversion (Net income) 113.74% 199.94% 63.64% 158.43% 110.84% 775.06%
Dividend per Share 2 0.0350 0.005000 0.0150 0.008400 - -
Announcement Date 4/10/19 4/14/20 3/23/21 4/13/22 4/12/23 4/2/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 136 191 160 80.4 28.1 -
Net Cash position 1 - - - - - 50.2
Leverage (Debt/EBITDA) 2.334 x 3.101 x 1.315 x 0.5189 x 0.2018 x -
Free Cash Flow 1 12.7 65.1 34.9 116 56.4 84.7
ROE (net income / shareholders' equity) 7.76% 15.9% 26.7% 29.4% 18.9% 6.17%
ROA (Net income/ Total Assets) 5.57% 5.78% 11.1% 12.6% 10.7% 5.12%
Assets 1 200.3 563.4 492.3 580.9 477.3 213.4
Book Value Per Share 2 0.2200 0.2100 0.2600 0.3200 0.3600 0.3700
Cash Flow per Share 2 0.0200 0.0200 0.0200 0.1000 0.1100 0.1900
Capex 1 5.41 2.28 4.58 3.9 5.94 5.95
Capex / Sales 0.34% 0.16% 0.27% 0.16% 0.25% 0.35%
Announcement Date 4/10/19 4/14/20 3/23/21 4/13/22 4/12/23 4/2/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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