Financials Corporation Ltd.

Equities

DM0

SG1V81937806

Paper Packaging

Market Closed - Singapore S.E. 01:44:16 2024-07-19 am EDT 5-day change 1st Jan Change
0.345 SGD +1.47% Intraday chart for Corporation Ltd. +4.55% +9.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 95.74 119 160.5 232.4 174.3 171.8
Enterprise Value (EV) 1 26.97 63.4 77.26 129.9 58.52 47.19
P/E ratio 7.18 x 19.7 x 7.21 x 11.9 x 8.95 x 7.93 x
Yield 5.78% 1.16% 1.72% 1.79% 3.97% 4.13%
Capitalization / Revenue 0.19 x 0.26 x 0.34 x 0.44 x 0.32 x 0.36 x
EV / Revenue 0.05 x 0.14 x 0.16 x 0.24 x 0.11 x 0.1 x
EV / EBITDA 0.73 x 1.76 x 1.56 x 2.62 x 1.22 x 0.95 x
EV / FCF -1.53 x 1.69 x 4.08 x 51.5 x 2.02 x 1.36 x
FCF Yield -65.3% 59.2% 24.5% 1.94% 49.6% 73.6%
Price to Book 0.33 x 0.45 x 0.55 x 0.75 x 0.56 x 0.53 x
Nbr of stocks (in thousands) 553,416 553,416 553,416 553,416 553,416 545,297
Reference price 2 0.1730 0.2150 0.2900 0.4200 0.3150 0.3150
Announcement Date 4/3/19 4/13/20 4/6/21 4/5/22 4/11/23 4/8/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 501.6 461.1 471.4 533.3 553 482.1
EBITDA 1 37.14 36.12 49.53 49.55 48.08 49.42
EBIT 1 27.1 23.72 36.27 35.86 31.83 33.68
Operating Margin 5.4% 5.14% 7.69% 6.73% 5.76% 6.99%
Earnings before Tax (EBT) 1 28.43 17.55 40.24 37.55 32.76 38.02
Net income 1 13.43 6.055 22.25 19.57 19.49 21.8
Net margin 2.68% 1.31% 4.72% 3.67% 3.52% 4.52%
EPS 2 0.0241 0.0109 0.0402 0.0354 0.0352 0.0397
Free Cash Flow 1 -17.6 37.52 18.93 2.523 29.01 34.74
FCF margin -3.51% 8.14% 4.02% 0.47% 5.25% 7.2%
FCF Conversion (EBITDA) - 103.88% 38.22% 5.09% 60.34% 70.29%
FCF Conversion (Net income) - 619.54% 85.11% 12.89% 148.86% 159.36%
Dividend per Share 2 0.0100 0.002500 0.005000 0.007500 0.0125 0.0130
Announcement Date 4/3/19 4/13/20 4/6/21 4/5/22 4/11/23 4/8/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 68.8 55.6 83.2 103 116 125
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -17.6 37.5 18.9 2.52 29 34.7
ROE (net income / shareholders' equity) 6.48% 3.5% 9.57% 7.89% 7.01% 7.44%
ROA (Net income/ Total Assets) 3.04% 2.8% 4.46% 4.05% 3.51% 3.74%
Assets 1 441.3 216.5 499.2 483.4 555.4 583.2
Book Value Per Share 2 0.5200 0.4800 0.5200 0.5600 0.5700 0.5900
Cash Flow per Share 2 0.2800 0.2400 0.3000 0.3700 0.3500 0.4000
Capex 1 44.6 13.6 7.67 10.8 22.3 17
Capex / Sales 8.9% 2.95% 1.63% 2.02% 4.02% 3.52%
Announcement Date 4/3/19 4/13/20 4/6/21 4/5/22 4/11/23 4/8/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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