Financials Dagang NeXchange

Equities

DNEX

MYL4456OO009

IT Services & Consulting

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.4 ^MYR	+1.27%		+2.56%	0.00%

Apr. 19	Dagang Nexchange Unit Bags No Objection Letter from North Sea Transition Authority	MT
Apr. 03	Dagang Nexchange's UK Unit Expands North Sea Portfolio with Three Licenses	MT

Valuation

Fiscal Period: June	2018	2019	2021	2022	2023	2024	2025
Capitalization ¹	694.3	448.3	1,921	2,493	1,263	1,263	-
Enterprise Value (EV) ¹	694.3	448.3	1,921	2,493	1,499	1,263	1,263
P/E ratio	19.8 x	15.1 x	11.3 x	4.47 x	-12.5 x	15.5 x	9.88 x
Yield	1.27%	-	-	0.76%	-	-	-
Capitalization / Revenue	2.37 x	1.54 x	-	1.74 x	0.78 x	0.82 x	0.71 x
EV / Revenue	2.37 x	1.54 x	-	1.74 x	0.78 x	0.82 x	0.71 x
EV / EBITDA	10.7 x	8.13 x	-	3.18 x	3.14 x	4.09 x	2.28 x
EV / FCF	14,383,600 x	43,255,408 x	-	7,059,453 x	-	-	-
FCF Yield	0%	0%	-	0%	-	-	-
Price to Book	1.52 x	0.94 x	-	1.34 x	0.85 x	0.53 x	0.47 x
Nbr of stocks (in thousands)	1,757,639	1,758,035	2,724,686	3,156,255	3,156,331	3,156,331	-
Reference price ²	0.3950	0.2550	0.7050	0.7900	0.4000	0.4000	0.4000
Announcement Date	2/27/19	2/25/20	9/24/21	8/29/22	2/29/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2018	2019	2021	2022	2023	2024	2025
Net sales ¹	293.5	290.5	-	1,437	1,913	1,545	1,790
EBITDA ¹	64.64	55.13	-	784	476.7	308.7	554.2
EBIT ¹	47.21	33.58	-	663.2	233.9	220.6	331.4
Operating Margin	16.09%	11.56%	-	46.15%	12.23%	14.28%	18.51%
Earnings before Tax (EBT)	66.65	47.59	-	613	157.2	166.6	281.4
Net income ¹	35.34	30.01	120	549.6	-119.9	81.5	127.8
Net margin	12.04%	10.33%	-	38.24%	-6.27%	5.28%	7.14%
EPS ²	0.0199	0.0169	0.0624	0.1767	-0.0380	0.0258	0.0405
Free Cash Flow	48.27	10.36	-	353.2	-	-	-
FCF margin	16.45%	3.57%	-	24.58%	-	-	-
FCF Conversion (EBITDA)	74.68%	18.8%	-	45.05%	-	-	-
FCF Conversion (Net income)	136.56%	34.54%	-	64.27%	-	-	-
Dividend per Share ²	0.005000	-	-	0.006000	-	-	-
Announcement Date	2/27/19	2/25/20	9/24/21	8/29/22	2/29/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2023 Q4
Net sales ¹	283.7
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	2/29/24

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2018	2019	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	48.3	10.4	-	353	-	-	-
ROE (net income / shareholders' equity)	8.02%	6.5%	-	38.2%	-6.64%	5.55%	9.95%
ROA (Net income/ Total Assets)	6.25%	4.78%	-	16.3%	-2.59%	-	-
Assets ¹	565.5	627.8	-	3,380	4,629	-	-
Book Value Per Share ²	0.2600	0.2700	-	0.5900	0.5600	0.7600	0.8500
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	20.3	10.8	-	291	705	-	-
Capex / Sales	6.9%	3.71%	-	20.22%	36.85%	-	-
Announcement Date	2/27/19	2/25/20	9/24/21	8/29/22	2/29/24	-	-

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

Ratings for Dagang NeXchange

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.4 MYR

Average target price

0.48 MYR

Spread / Average Target

+20.00%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
DAGANG NEXCHANGE	0.00%	265M
ACCENTURE PLC	-12.23%	194B
TATA CONSULTANCY SERVICES LTD.	+0.74%	166B
IBM	+2.19%	153B
AUTOMATIC DATA PROCESSING, INC.	+4.34%	99.85B
RELX PLC	+7.04%	77.56B
CROWDSTRIKE HOLDINGS, INC.	+19.09%	73.55B
INFOSYS LIMITED	-7.30%	71B
SNOWFLAKE INC.	-20.54%	52.81B
HCL TECHNOLOGIES LIMITED	+0.53%	47.86B

Other IT Services & Consulting