FRONTKEN CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.93 MYR | +1.03% |
|
+2.88% | +21.30% |
| Feb. 23 | Frontken Posts Flat Profit in Q4 | MT |
| Feb. 22 | Frontken Corporation Berhad Declares First Single Tier Dividend for the Financial Year Ended 31 December 2023, Payable on 13 May 2024 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 738.8 | 2,400 | 3,720 | 6,284 | 4,839 | 6,182 | 6,182 | - |
| Enterprise Value (EV) 1 | 602.6 | 2,192 | 3,418 | 5,990 | 4,839 | 4,780 | 5,753 | 5,659 |
| P/E ratio | 14.1 x | 34.7 x | 45.4 x | 60.2 x | 39.2 x | 45.5 x | 35.3 x | 30.8 x |
| Yield | 2.13% | 1.09% | 1.13% | 1% | - | 0.68% | 1.31% | 1.51% |
| Capitalization / Revenue | 2.26 x | 7.06 x | 10.1 x | 14 x | 9.36 x | 10.2 x | 9.23 x | 8.04 x |
| EV / Revenue | 1.84 x | 6.45 x | 9.28 x | 13.3 x | 9.36 x | 9.56 x | 8.59 x | 7.36 x |
| EV / EBITDA | 6.85 x | 19.8 x | 27.9 x | 37 x | 26.1 x | 26.8 x | 21.5 x | 18.3 x |
| EV / FCF | 10.8 x | 20.3 x | 30.5 x | 107 x | - | 36.9 x | 42.4 x | 30.4 x |
| FCF Yield | 9.27% | 4.92% | 3.28% | 0.93% | - | 2.71% | 2.36% | 3.29% |
| Price to Book | 2.27 x | 6.36 x | 8.45 x | 8.36 x | - | 7.95 x | 8.31 x | 7.22 x |
| Nbr of stocks (in thousands) | 1,571,953 | 1,571,953 | 1,571,953 | 1,570,951 | 1,570,951 | 1,572,906 | 1,572,906 | - |
| Reference price 2 | 0.4700 | 1.527 | 2.367 | 4.000 | 3.080 | 3.890 | 3.890 | 3.890 |
| Announcement Date | 2/12/19 | 2/18/20 | 2/23/21 | 2/25/22 | 2/23/23 | 2/22/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 327.2 | 339.9 | 368.3 | 450.2 | 517.2 | 500.1 | 670 | 769.1 |
| EBITDA 1 | 87.98 | 110.9 | 122.3 | 161.9 | 185.1 | 178.6 | 268.2 | 308.7 |
| EBIT 1 | 70.68 | 93.13 | 103.9 | 144.3 | 167.5 | 158.3 | 242.4 | 284.6 |
| Operating Margin | 21.6% | 27.4% | 28.21% | 32.04% | 32.38% | 31.66% | 36.19% | 37% |
| Earnings before Tax (EBT) 1 | 75.62 | 96.26 | 114.3 | 149.5 | 174.8 | 167.1 | 240.7 | 271 |
| Net income 1 | 52.26 | 69.17 | 81.97 | 104.5 | 123.3 | 112 | 170.4 | 191.5 |
| Net margin | 15.97% | 20.35% | 22.25% | 23.21% | 23.84% | 22.38% | 25.43% | 24.9% |
| EPS 2 | 0.0333 | 0.0440 | 0.0521 | 0.0665 | 0.0785 | 0.0712 | 0.1102 | 0.1262 |
| Free Cash Flow 1 | 55.83 | 107.9 | 112 | 55.94 | - | 129.4 | 135.8 | 186.2 |
| FCF margin | 17.06% | 31.73% | 30.41% | 12.43% | - | 25.87% | 20.27% | 24.21% |
| FCF Conversion (EBITDA) | 63.46% | 97.23% | 91.56% | 34.55% | - | 72.45% | 50.64% | 60.31% |
| FCF Conversion (Net income) | 106.84% | 155.95% | 136.63% | 53.53% | - | 115.56% | 79.71% | 97.22% |
| Dividend per Share 2 | 0.0100 | 0.0167 | 0.0267 | 0.0400 | - | 0.0220 | 0.0508 | 0.0588 |
| Announcement Date | 2/12/19 | 2/18/20 | 2/23/21 | 2/25/22 | 2/23/23 | 2/22/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 195.8 | - | 135.3 | 114 | 121.2 | 133.5 | 181.1 | 181.1 | 188.5 | 188.5 |
| EBITDA 1 | - | 69.43 | - | - | 37.84 | 45.52 | 48.6 | 70.38 | 70.38 | 73.25 | 73.25 |
| EBIT 1 | - | 61.92 | - | 40.68 | 34.55 | 40.48 | 43.49 | 63.94 | 63.94 | 66.55 | 66.55 |
| Operating Margin | - | 31.62% | - | 30.07% | 30.31% | 33.41% | 32.57% | 35.32% | 35.32% | 35.32% | 35.32% |
| Earnings before Tax (EBT) | - | 61.61 | - | - | - | - | - | - | - | - | - |
| Net income | 37.34 | 44.63 | 34.73 | - | - | - | - | - | - | - | - |
| Net margin | - | 22.79% | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0237 | 0.0300 | 0.0221 | 0.0190 | 0.0150 | 0.0203 | 0.0170 | 0.0284 | 0.0284 | 0.0296 | 0.0296 |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.0170 | 0.0170 | 0.0177 | 0.0177 |
| Announcement Date | 8/4/20 | 2/23/21 | 11/1/22 | 2/23/23 | 5/3/23 | 8/1/23 | 10/24/23 | - | - | - | - |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 136 | 208 | 303 | 294 | - | 316 | 428 | 522 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 55.8 | 108 | 112 | 55.9 | - | 129 | 136 | 186 |
| ROE (net income / shareholders' equity) | 17.2% | 19.7% | 20.1% | 22.2% | - | 18.8% | 25.6% | 26.5% |
| ROA (Net income/ Total Assets) | 11.8% | 14.3% | 14.5% | 15.6% | - | 13.2% | 31.9% | 29.7% |
| Assets 1 | 443.1 | 485.4 | 566.9 | 668.4 | - | 845.7 | 533.6 | 644.4 |
| Book Value Per Share 2 | 0.2100 | 0.2400 | 0.2800 | 0.4800 | - | 0.4100 | 0.4700 | 0.5400 |
| Cash Flow per Share 2 | - | - | - | 0.0900 | - | 0.0800 | 0.1400 | 0.1700 |
| Capex 1 | 7.49 | 7.03 | 7.74 | 82.8 | - | 15.1 | 16.4 | 18.3 |
| Capex / Sales | 2.29% | 2.07% | 2.1% | 18.4% | - | 3.03% | 2.44% | 2.38% |
| Announcement Date | 2/12/19 | 2/18/20 | 2/23/21 | 2/25/22 | 2/23/23 | 2/22/24 | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
3.89
MYR
Average target price
4.38
MYR
Spread / Average Target
+12.60%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.30% | 1.28B | |
| +10.27% | 67.6B | |
| +11.86% | 18.21B | |
| +20.16% | 13.41B | |
| +9.91% | 13.37B | |
| +16.25% | 9.94B | |
| -32.22% | 5.74B | |
| -10.57% | 5.57B | |
| -4.04% | 4.91B | |
| -4.25% | 4.87B |
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- FRONTKN Stock
- Financials Frontken Corporation
