Financials Baker Technology Limited

Equities

BTP

SG1CI3000002

Oil Related Services and Equipment

Market Closed - Singapore S.E. 04:56:56 2024-05-03 am EDT 5-day change 1st Jan Change
0.58 SGD +3.57% Intraday chart for Baker Technology Limited +5.45% +11.54%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 86.22 77.09 47.68 80.14 131.9 105.5
Enterprise Value (EV) 1 68.85 47.34 20.68 35.2 69.6 31.13
P/E ratio 4.89 x -8.21 x -3.46 x 13.6 x 9.84 x 12.7 x
Yield 1.18% 1.32% - 1.27% 1.54% 2.88%
Capitalization / Revenue 2.64 x 1.2 x 0.75 x 1.15 x 1.34 x 1.15 x
EV / Revenue 2.11 x 0.73 x 0.33 x 0.51 x 0.71 x 0.34 x
EV / EBITDA 17.2 x 13.4 x 6.7 x 2.17 x 3.23 x 1.73 x
EV / FCF -2.62 x 2.69 x -19.4 x 4.31 x 4.81 x 1.2 x
FCF Yield -38.2% 37.2% -5.15% 23.2% 20.8% 83.2%
Price to Book 0.39 x 0.37 x 0.25 x 0.4 x 0.62 x 0.48 x
Nbr of stocks (in thousands) 202,878 202,878 202,878 202,878 202,878 202,878
Reference price 2 0.4250 0.3800 0.2350 0.3950 0.6500 0.5200
Announcement Date 4/9/19 4/9/20 4/5/21 4/10/22 4/11/23 4/7/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 32.7 64.48 63.16 69.5 98.5 91.42
EBITDA 1 3.995 3.539 3.086 16.23 21.55 17.98
EBIT 1 -7.368 -10.79 -11.3 4.298 10.29 6.911
Operating Margin -22.53% -16.73% -17.88% 6.18% 10.45% 7.56%
Earnings before Tax (EBT) 1 14.45 -16.92 -25.91 2.44 11 3.222
Net income 1 17.62 -9.392 -13.8 5.886 13.4 8.287
Net margin 53.89% -14.57% -21.84% 8.47% 13.6% 9.07%
EPS 2 0.0869 -0.0463 -0.0680 0.0290 0.0660 0.0408
Free Cash Flow 1 -26.28 17.59 -1.066 8.16 14.46 25.89
FCF margin -80.38% 27.29% -1.69% 11.74% 14.68% 28.32%
FCF Conversion (EBITDA) - 497.15% - 50.29% 67.1% 144%
FCF Conversion (Net income) - - - 138.63% 107.91% 312.37%
Dividend per Share 2 0.005000 0.005000 - 0.005000 0.0100 0.0150
Announcement Date 4/9/19 4/9/20 4/5/21 4/10/22 4/11/23 4/7/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 17.4 29.8 27 44.9 62.3 74.4
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -26.3 17.6 -1.07 8.16 14.5 25.9
ROE (net income / shareholders' equity) 5.98% -6.75% -10.7% 1.25% 4.78% 1.47%
ROA (Net income/ Total Assets) -1.79% -2.24% -2.52% 1.01% 2.39% 1.57%
Assets 1 -982.6 418.7 547.4 580.4 560.6 528.8
Book Value Per Share 2 1.090 1.030 0.9600 0.9900 1.050 1.080
Cash Flow per Share 2 0.1400 0.2200 0.2200 0.2900 0.3500 0.1200
Capex 1 8.82 0.94 6.66 2.29 1.15 1.09
Capex / Sales 26.98% 1.46% 10.55% 3.3% 1.17% 1.19%
Announcement Date 4/9/19 4/9/20 4/5/21 4/10/22 4/11/23 4/7/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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