Financials Focus Lumber

Equities

FLBHD

MYL5197OO008

Forest & Wood Products

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.5 MYR -0.99% Intraday chart for Focus Lumber +1.01% -2.91%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 129 154.7 108.5 86.02 122.6 137
Enterprise Value (EV) 1 29.02 53.28 16.3 -3.226 43.72 12.26
P/E ratio 11 x 5.51 x -15.5 x -9.65 x 7.96 x 4.73 x
Yield - 10.6% 4.72% 3.45% 6.45% 7.94%
Capitalization / Revenue 0.73 x 0.76 x 0.76 x 0.98 x 0.92 x 1.02 x
EV / Revenue 0.16 x 0.26 x 0.11 x -0.04 x 0.33 x 0.09 x
EV / EBITDA 1.56 x 1.32 x -2.34 x 0.44 x 2.2 x 0.36 x
EV / FCF 10.5 x 3.89 x -7.42 x -0.68 x -3.34 x 0.28 x
FCF Yield 9.48% 25.7% -13.5% -146% -30% 355%
Price to Book 0.75 x 0.85 x 0.63 x 0.54 x 0.72 x 0.72 x
Nbr of stocks (in thousands) 206,400 204,852 204,723 197,739 197,739 217,405
Reference price 2 0.6250 0.7550 0.5300 0.4350 0.6200 0.6300
Announcement Date 4/27/18 4/26/19 6/11/20 4/28/21 4/21/22 4/20/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 176 203.4 142.4 87.78 134 134.8
EBITDA 1 18.65 40.31 -6.96 -7.405 19.84 34.23
EBIT 1 13.37 35.17 -12.42 -12.46 16.35 30.8
Operating Margin 7.6% 17.29% -8.72% -14.19% 12.2% 22.84%
Earnings before Tax (EBT) 1 14.75 37.75 -10.04 -9.857 18.35 36.26
Net income 1 11.72 28.42 -6.976 -9.039 15.4 27.67
Net margin 6.66% 13.97% -4.9% -10.3% 11.5% 20.52%
EPS 2 0.0568 0.1371 -0.0341 -0.0451 0.0779 0.1333
Free Cash Flow 1 2.752 13.68 -2.198 4.716 -13.11 43.52
FCF margin 1.56% 6.73% -1.54% 5.37% -9.79% 32.28%
FCF Conversion (EBITDA) 14.76% 33.95% - - - 127.16%
FCF Conversion (Net income) 23.48% 48.16% - - - 157.3%
Dividend per Share - 0.0800 0.0250 0.0150 0.0400 0.0500
Announcement Date 4/27/18 4/26/19 6/11/20 4/28/21 4/21/22 4/20/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 100 101 92.2 89.2 78.9 125
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2.75 13.7 -2.2 4.72 -13.1 43.5
ROE (net income / shareholders' equity) 7.08% 16% -3.93% -5.47% 9.41% 15.4%
ROA (Net income/ Total Assets) 4.56% 11.5% -4.11% -4.48% 5.84% 10.1%
Assets 1 257 247.4 169.8 201.6 263.6 273.5
Book Value Per Share 2 0.8300 0.8900 0.8400 0.8000 0.8600 0.8800
Cash Flow per Share 2 0.1700 0.2500 0.1900 0.2100 0.1500 0.1300
Capex 1 5.25 3.91 6.99 0.56 1.64 2.02
Capex / Sales 2.98% 1.92% 4.91% 0.63% 1.22% 1.5%
Announcement Date 4/27/18 4/26/19 6/11/20 4/28/21 4/21/22 4/20/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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