Financials Evergreen Fibreboard

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.305 ^MYR	-1.61%		+1.67%	0.00%

Feb. 28	Evergreen Fibreboard Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI
Feb. 28	Evergreen Fibreboard Berhad Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	296	232.6	389.1	393.3	329.4	257.6	257.6	-
Enterprise Value (EV) ¹	296	232.6	389.1	393.3	329.4	257.6	257.6	257.6
P/E ratio	18.4 x	-5.53 x	-3.88 x	11 x	-13.6 x	-7.23 x	25.4 x	13.3 x
Yield	1.37%	-	-	-	-	1.64%	-	4.92%
Capitalization / Revenue	0.26 x	0.24 x	0.45 x	0.42 x	0.3 x	0.28 x	0.24 x	0.23 x
EV / Revenue	0.26 x	0.24 x	0.45 x	0.42 x	0.3 x	0.28 x	0.24 x	0.23 x
EV / EBITDA	2.73 x	5.57 x	-30.9 x	3.22 x	2.97 x	5.5 x	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.26 x	0.21 x	0.38 x	0.38 x	0.33 x	0.26 x	0.25 x	0.25 x
Nbr of stocks (in thousands)	845,802	845,802	845,802	845,802	844,667	844,667	844,667	-
Reference price ²	0.3500	0.2750	0.4600	0.4650	0.3900	0.3050	0.3050	0.3050
Announcement Date	2/28/19	2/26/20	3/29/21	2/25/22	2/27/23	2/28/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,122	967.9	859.9	934.8	1,095	909.8	1,084	1,101
EBITDA ¹	108.6	41.75	-12.59	122	110.7	46.85	-	-
EBIT ¹	33.36	-34.29	-88.06	50.77	37.88	-14.68	-	-
Operating Margin	2.97%	-3.54%	-10.24%	5.43%	3.46%	-1.61%	-	-
Earnings before Tax (EBT) ¹	26.5	-42.29	-95.92	43.97	-9.412	-20.16	12.8	25.1
Net income ¹	16.06	-42.06	-100.3	35.66	-24.14	-35.62	10.5	20.5
Net margin	1.43%	-4.35%	-11.66%	3.81%	-2.2%	-3.92%	0.97%	1.86%
EPS ²	0.0190	-0.0497	-0.1185	0.0422	-0.0286	-0.0422	0.0120	0.0230
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.004800	-	-	-	-	0.005000	-	0.0150
Announcement Date	2/28/19	2/26/20	3/29/21	2/25/22	2/27/23	2/28/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	1.4%	-3.67%	-9.29%	3.47%	3.58%	-3.55%	1%	1.9%
ROA (Net income/ Total Assets)	1.01%	-2.66%	-6.62%	2.49%	2.68%	-2.58%	-	-
Assets ¹	1,588	1,582	1,514	1,434	-900.9	1,382	-	-
Book Value Per Share ²	1.370	1.340	1.210	1.220	1.200	1.180	1.200	1.200
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	65.3	64.6	37.9	20.5	27.6	94.3	35	35
Capex / Sales	5.82%	6.67%	4.41%	2.2%	2.52%	10.37%	3.23%	3.18%
Announcement Date	2/28/19	2/26/20	3/29/21	2/25/22	2/27/23	2/28/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.305 MYR

Average target price

0.42 MYR

Spread / Average Target

+37.70%

	1st Jan change	Capi.
EVERGREEN FIBREBOARD	0.00%	54.03M
LOUISIANA-PACIFIC CORPORATION	+5.28%	5.39B
STELLA-JONES INC.	+6.04%	3.39B
CENTURY PLYBOARDS (INDIA) LIMITED	-17.33%	1.7B
CORTICEIRA AMORIM, SGPS, S.A.	+6.13%	1.38B
DEHUA TB NEW DECORATION MATERIAL CO.,LTD	+17.95%	1.19B
DEXCO S.A.	-9.42%	1.15B
DONGWHA ENTERPRISE CO.,LTD	-7.86%	748M
OENEO	-20.93%	704M
STEICO SE	+5.20%	532M