Financials Boustead Heavy Industries Corporation

Equities

BHIC

MYL8133OO000

Shipbuilding

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.5 MYR +2.04% Intraday chart for Boustead Heavy Industries Corporation +4.17% +4.17%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 454.7 325.5 308.1 142.9 119.3 103.1
Enterprise Value (EV) 1 644.1 580.2 588.6 437.4 409.5 329.5
P/E ratio 43 x -3 x -2.64 x -2.82 x 7.85 x -5.18 x
Yield 2.73% 1.15% - - - -
Capitalization / Revenue 1.64 x 1.92 x 1.82 x 0.98 x 0.8 x 0.73 x
EV / Revenue 2.32 x 3.43 x 3.48 x 3.01 x 2.75 x 2.32 x
EV / EBITDA 15.9 x -24.4 x 110 x 66.9 x 11.2 x 562 x
EV / FCF 15.4 x -15.1 x -427 x -38.4 x 2 x 2.85 x
FCF Yield 6.48% -6.62% -0.23% -2.61% 49.9% 35.1%
Price to Book 1.32 x 1.4 x 2.66 x 2.18 x 1.48 x 1.7 x
Nbr of stocks (in thousands) 248,458 248,458 248,458 248,458 248,458 248,458
Reference price 2 1.830 1.310 1.240 0.5750 0.4800 0.4150
Announcement Date 3/13/18 3/25/19 6/22/20 5/31/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 277.6 169.1 168.9 145.2 149.2 141.8
EBITDA 1 40.4 -23.8 5.334 6.542 36.45 0.586
EBIT 1 33 -30.21 -0.125 1.771 34.41 -1.127
Operating Margin 11.88% -17.86% -0.07% 1.22% 23.06% -0.8%
Earnings before Tax (EBT) 1 11.77 -104.6 -113.5 -32.77 18.28 -7.677
Net income 1 10.58 -108.3 -116.6 -50.58 15.19 -19.92
Net margin 3.81% -64.06% -69.05% -34.83% 10.18% -14.05%
EPS 2 0.0426 -0.4360 -0.4694 -0.2036 0.0611 -0.0802
Free Cash Flow 1 41.73 -38.44 -1.38 -11.4 204.4 115.7
FCF margin 15.03% -22.73% -0.82% -7.85% 137.03% 81.63%
FCF Conversion (EBITDA) 103.29% - - - 560.83% 19,747.44%
FCF Conversion (Net income) 394.6% - - - 1,345.67% -
Dividend per Share 2 0.0500 0.0150 - - - -
Announcement Date 3/13/18 3/25/19 6/22/20 5/31/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 189 255 281 295 290 226
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.687 x -10.7 x 52.59 x 45.02 x 7.963 x 386.4 x
Free Cash Flow 1 41.7 -38.4 -1.38 -11.4 204 116
ROE (net income / shareholders' equity) 3.06% -37.5% -66.9% -55.8% 20.8% -28.2%
ROA (Net income/ Total Assets) 2.99% -3.04% -0.01% 0.25% 4.91% -0.15%
Assets 1 353.9 3,563 788,081 -20,346 309.7 13,300
Book Value Per Share 2 1.390 0.9400 0.4700 0.2600 0.3200 0.2400
Cash Flow per Share 2 0.1800 0.0700 0.1100 0.0100 0.0200 0.1100
Capex 1 2.05 0.52 0.35 0.19 0.23 0.15
Capex / Sales 0.74% 0.31% 0.2% 0.13% 0.16% 0.11%
Announcement Date 3/13/18 3/25/19 6/22/20 5/31/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates
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