Financials Bursa Malaysia

Equities

BURSA

MYL1818OO003

Financial & Commodity Market Operators

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
7.46 MYR 0.00% Intraday chart for Bursa Malaysia -0.13% +7.96%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,924 6,715 5,301 5,382 5,592 6,037 - -
Enterprise Value (EV) 1 4,672 6,276 4,802 4,935 5,168 5,601 5,617 5,557
P/E ratio 26.5 x 17.8 x 14.9 x 23.8 x 22.1 x 23.5 x 22.6 x 21.7 x
Yield 3.42% 6.14% 6.26% 3.98% 3.84% 3.94% 4.12% 4.27%
Capitalization / Revenue 9.8 x 8.41 x 6.91 x 8.92 x 9.43 x 9.12 x 8.85 x 8.52 x
EV / Revenue 9.3 x 7.86 x 6.26 x 8.18 x 8.72 x 8.46 x 8.23 x 7.84 x
EV / EBITDA 16.9 x 11.9 x 9.58 x 14.6 x 14.5 x 14.9 x 14.5 x 13.8 x
EV / FCF 28.1 x 15.7 x 13.8 x 25.4 x 29.5 x 20 x 19.8 x 17.9 x
FCF Yield 3.56% 6.39% 7.22% 3.94% 3.39% 4.99% 5.06% 5.59%
Price to Book 6.48 x 7.48 x 6.49 x - 6.77 x 7.18 x 7 x 6.76 x
Nbr of stocks (in thousands) 808,503 809,027 809,299 809,299 809,299 809,299 - -
Reference price 2 6.090 8.300 6.550 6.650 6.910 7.460 7.460 7.460
Announcement Date 1/30/20 2/2/21 1/28/22 1/31/23 1/31/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 502.5 798.9 767.5 603.2 592.8 661.7 682.6 708.9
EBITDA 1 277.1 528.5 501 337.5 355.3 375.5 388.5 401.7
EBIT 1 256.3 507.1 479 310.5 322 338 347.1 358.5
Operating Margin 51.01% 63.47% 62.4% 51.48% 54.32% 51.08% 50.85% 50.57%
Earnings before Tax (EBT) 1 255.8 506.6 478.4 310 321.5 342.8 355.7 368.9
Net income 1 185.9 377.7 355.3 226.6 252.4 257.3 267.6 278
Net margin 36.99% 47.28% 46.28% 37.56% 42.57% 38.89% 39.2% 39.22%
EPS 2 0.2300 0.4670 0.4390 0.2800 0.3120 0.3176 0.3308 0.3434
Free Cash Flow 1 166.2 401 346.7 194.3 175.1 279.5 284.4 310.7
FCF margin 33.07% 50.2% 45.17% 32.22% 29.53% 42.23% 41.66% 43.83%
FCF Conversion (EBITDA) 59.98% 75.88% 69.21% 57.59% 49.28% 74.43% 73.2% 77.35%
FCF Conversion (Net income) 89.41% 106.17% 97.6% 85.77% 69.37% 108.6% 106.28% 111.76%
Dividend per Share 2 0.2080 0.5100 0.4100 0.2650 0.2650 0.2942 0.3070 0.3187
Announcement Date 1/30/20 2/2/21 1/28/22 1/31/23 1/31/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 169.9 - 165.3 151.9 135.7 145.7 156.5 - - 151.2 - - - - - -
EBITDA 112.3 - 99.13 - - - - - - 80.43 - - - - - -
EBIT 106.9 - 92.77 81.2 68.83 67.74 - - - - - - - - - -
Operating Margin 62.92% - 56.12% 53.46% 50.71% 46.49% - - - - - - - - - -
Earnings before Tax (EBT) 106.7 - 92.63 81.06 68.7 67.61 76.15 - - - - - - - - 86.53
Net income 1 79.94 64.95 67.97 59.47 50.13 49 56.17 76.25 60.4 59.55 120 75.4 - - 237.9 -
Net margin 47.06% - 41.12% 39.15% 36.93% 33.63% 35.89% - - 39.4% - - - - - -
EPS 0.0990 0.0800 0.0840 0.0730 0.0620 0.0610 0.0690 0.0940 0.0750 0.0740 - - - - 0.2939 -
Dividend per Share 2 - 0.1700 - 0.1500 - 0.1150 - 0.1500 - 0.1150 - - 0.1324 - 0.1324 -
Announcement Date 10/29/21 1/28/22 4/28/22 7/28/22 10/31/22 1/31/23 5/3/23 7/31/23 10/31/23 1/31/24 1/31/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 252 439 499 447 424 436 420 480
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 166 401 347 194 175 279 284 311
ROE (net income / shareholders' equity) 23% 46% 41.4% 28.3% 31.4% 31.1% 31.3% 31.6%
ROA (Net income/ Total Assets) 7.82% 13.6% 9.38% 5.28% 6.71% 7.45% 7.46% 7.45%
Assets 1 2,378 2,777 3,787 4,293 3,763 3,456 3,589 3,733
Book Value Per Share 2 0.9400 1.110 1.010 - 1.020 1.040 1.070 1.100
Cash Flow per Share 2 0.2300 0.5200 0.4700 0.3100 0.2600 0.5200 0.5000 0.4900
Capex 1 20.4 16.2 29.9 58.4 36.4 41.8 38 34.3
Capex / Sales 4.07% 2.03% 3.9% 9.68% 6.14% 6.31% 5.57% 4.84%
Announcement Date 1/30/20 2/2/21 1/28/22 1/31/23 1/31/24 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
7.46 MYR
Average target price
7.547 MYR
Spread / Average Target
+1.17%
Consensus
  1. Stock Market
  2. Equities
  3. BURSA Stock
  4. Financials Bursa Malaysia