Financials Gamuda

Equities

GAMUDA

MYL5398OO002

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.25 MYR 0.00% Intraday chart for Gamuda +1.94% +14.38%

Valuation

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,172 8,948 7,038 9,577 11,450 14,533 - -
Enterprise Value (EV) 1 12,467 11,622 8,728 10,775 14,196 19,150 18,439 18,896
P/E ratio 13 x 23.8 x 12 x 11.8 x 6.33 x 14 x 12.3 x 11.5 x
Yield 3.23% 1.69% - 3.2% 11.6% 2.35% 2.4% 2.44%
Capitalization / Revenue 2.01 x 2.44 x 2 x 1.86 x 1.38 x 1.19 x 1.06 x 1.01 x
EV / Revenue 2.73 x 3.17 x 2.48 x 2.09 x 1.71 x 1.57 x 1.35 x 1.31 x
EV / EBITDA 14.1 x 14.8 x 10.8 x 11 x 13.2 x 13.5 x 11.1 x 10.9 x
EV / FCF 92.4 x 21.6 x 10.6 x -137 x -11 x -29.9 x 12.5 x 1,996 x
FCF Yield 1.08% 4.63% 9.44% -0.73% -9.08% -3.35% 8% 0.05%
Price to Book 1.14 x 1.05 x 0.77 x 0.97 x 1.06 x 1.26 x 1.18 x 1.11 x
Nbr of stocks (in thousands) 2,472,322 2,513,528 2,513,528 2,553,931 2,662,736 2,768,256 - -
Reference price 2 3.710 3.560 2.800 3.750 4.300 5.250 5.250 5.250
Announcement Date 9/27/19 9/25/20 9/29/21 9/29/22 9/27/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,565 3,663 3,517 5,163 8,281 12,173 13,700 14,445
EBITDA 1 881.4 787.6 811.3 978 1,073 1,418 1,661 1,741
EBIT 1 689.3 564.5 586.1 737.1 953.9 1,302 1,515 1,590
Operating Margin 15.1% 15.41% 16.66% 14.28% 11.52% 10.69% 11.06% 11.01%
Earnings before Tax (EBT) 1 908.8 585.5 786.2 1,015 2,239 1,335 1,516 1,619
Net income 1 706.1 371.7 588.3 806.2 1,838 1,002 1,141 1,217
Net margin 15.47% 10.15% 16.73% 15.62% 22.2% 8.23% 8.33% 8.42%
EPS 2 0.2860 0.1494 0.2341 0.3171 0.6796 0.3760 0.4259 0.4568
Free Cash Flow 1 134.9 538.6 824.2 -78.78 -1,290 -640.9 1,476 9.467
FCF margin 2.95% 14.7% 23.43% -1.53% -15.57% -5.27% 10.77% 0.07%
FCF Conversion (EBITDA) 15.3% 68.38% 101.59% - - - 88.85% 0.54%
FCF Conversion (Net income) 19.1% 144.9% 140.09% - - - 129.3% 0.78%
Dividend per Share 2 0.1200 0.0600 - 0.1200 0.5000 0.1232 0.1261 0.1282
Announcement Date 9/27/19 9/25/20 9/29/21 9/29/22 9/27/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: July 2022 Q3 2023 Q3
Net sales - -
EBITDA - -
EBIT 214 -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 - 223.4
Net margin - -
EPS 2 - 0.0816
Dividend per Share - -
Announcement Date 6/29/22 6/22/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: July 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,295 2,673 1,690 1,198 2,746 4,617 3,906 4,362
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.738 x 3.394 x 2.083 x 1.225 x 2.56 x 3.257 x 2.352 x 2.505 x
Free Cash Flow 1 135 539 824 -78.8 -1,290 -641 1,476 9.47
ROE (net income / shareholders' equity) 9.01% 6.26% 6.65% 8.46% 7.86% 8.71% 9.26% 9.28%
ROA (Net income/ Total Assets) 4.18% 2.91% 3.18% 4.17% 3.69% 3.99% 4.29% 4.34%
Assets 1 16,905 12,790 18,501 19,349 49,828 25,121 26,607 28,031
Book Value Per Share 2 3.270 3.400 3.650 3.880 4.060 4.170 4.460 4.730
Cash Flow per Share 2 0.1900 0.3300 0.4200 0.1700 -0.2200 -0.5500 1.080 -0.5200
Capex 1 335 276 233 523 701 335 349 347
Capex / Sales 7.34% 7.53% 6.63% 10.13% 8.46% 2.75% 2.55% 2.4%
Announcement Date 9/27/19 9/25/20 9/29/21 9/29/22 9/27/23 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
5.25 MYR
Average target price
5.889 MYR
Spread / Average Target
+12.17%
Consensus

Annual profits - Rate of surprise