Financials Formosa Prosonic Industries

Equities

FPI

MYL9172OO007

Household Electronics

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.85 MYR +0.35% Intraday chart for Formosa Prosonic Industries +1.79% -0.70%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 425.5 415.6 398.2 561.5 948.3 827.7
Enterprise Value (EV) 1 275.2 246.6 198.3 293.3 681.6 465.8
P/E ratio 10.3 x 11.3 x 9.54 x 10.7 x 9.71 x 7.8 x
Yield 4.65% 5.95% 6.83% 6.17% 5.33% 6.5%
Capitalization / Revenue 0.92 x 0.74 x 0.52 x 0.73 x 1.01 x 0.84 x
EV / Revenue 0.6 x 0.44 x 0.26 x 0.38 x 0.73 x 0.47 x
EV / EBITDA 7.51 x 5.89 x 4.16 x 4.51 x 6.05 x 3.78 x
EV / FCF 187 x 12.4 x 4.48 x 3.82 x -94.3 x 4.44 x
FCF Yield 0.53% 8.05% 22.3% 26.2% -1.06% 22.5%
Price to Book 1.54 x 1.42 x 1.28 x 1.68 x 2.28 x 1.72 x
Nbr of stocks (in thousands) 247,358 247,358 247,358 247,358 252,884 256,266
Reference price 2 1.720 1.680 1.610 2.270 3.750 3.230
Announcement Date 4/26/18 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 461.2 560.5 766.2 766 938.9 984
EBITDA 1 36.64 41.89 47.71 65.02 112.7 123.4
EBIT 1 28.44 30.77 34.84 52.95 101.4 112.6
Operating Margin 6.17% 5.49% 4.55% 6.91% 10.8% 11.45%
Earnings before Tax (EBT) 1 47.41 45.08 54.32 69.33 124.7 141.2
Net income 1 41.17 36.64 41.75 52.52 96.9 106
Net margin 8.93% 6.54% 5.45% 6.86% 10.32% 10.77%
EPS 2 0.1664 0.1481 0.1688 0.2123 0.3861 0.4143
Free Cash Flow 1 1.47 19.84 44.26 76.8 -7.229 104.8
FCF margin 0.32% 3.54% 5.78% 10.03% -0.77% 10.65%
FCF Conversion (EBITDA) 4.01% 47.37% 92.78% 118.13% - 84.95%
FCF Conversion (Net income) 3.57% 54.15% 106.01% 146.23% - 98.89%
Dividend per Share 2 0.0800 0.1000 0.1100 0.1400 0.2000 0.2100
Announcement Date 4/26/18 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 150 169 200 268 267 362
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1.47 19.8 44.3 76.8 -7.23 105
ROE (net income / shareholders' equity) 14.1% 12.4% 13.4% 15.8% 25.1% 23.1%
ROA (Net income/ Total Assets) 4.57% 4.54% 4.63% 6.11% 10.2% 10.8%
Assets 1 901.4 806.3 901 860.2 952.7 984.6
Book Value Per Share 2 1.120 1.190 1.250 1.350 1.650 1.870
Cash Flow per Share 2 0.0600 0.1000 0.1400 0.2100 0.4200 0.7000
Capex 1 17.2 20.8 9.96 3.89 13 4.83
Capex / Sales 3.73% 3.7% 1.3% 0.51% 1.39% 0.49%
Announcement Date 4/26/18 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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