GAS MALAYSIA |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.61 MYR | +0.28% |
|
+0.84% | +12.46% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,634 | 3,531 | 3,492 | 3,403 | 4,186 | 4,635 | 4,635 | - |
| Enterprise Value (EV) 1 | 3,510 | 3,620 | 3,584 | 3,278 | 3,836 | 3,763 | 4,719 | 4,797 |
| P/E ratio | 20.1 x | 18.6 x | 16.4 x | 13.6 x | 10.7 x | 10.8 x | 13.1 x | 13.3 x |
| Yield | 4.77% | 5.13% | 5.53% | 6.67% | - | 7.09% | 5.84% | 5.68% |
| Capitalization / Revenue | 0.58 x | 0.51 x | 0.52 x | 0.58 x | 0.55 x | 0.51 x | 0.57 x | 0.56 x |
| EV / Revenue | 0.56 x | 0.53 x | 0.54 x | 0.56 x | 0.5 x | 0.47 x | 0.58 x | 0.58 x |
| EV / EBITDA | 11.7 x | 11.6 x | 9.37 x | 7.62 x | 5.97 x | 6.21 x | 8.6 x | 7.92 x |
| EV / FCF | 12.4 x | -62.1 x | 19.5 x | 7.84 x | 8.11 x | 12.8 x | 17.1 x | 20 x |
| FCF Yield | 8.09% | -1.61% | 5.14% | 12.8% | 12.3% | 7.81% | 5.84% | 5% |
| Price to Book | 3.55 x | 3.39 x | 3.23 x | 3.01 x | 3.27 x | 3.01 x | 3.28 x | 3.13 x |
| Nbr of stocks (in thousands) | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | 1,284,000 | - |
| Reference price 2 | 2.830 | 2.750 | 2.720 | 2.650 | 3.260 | 3.610 | 3.610 | 3.610 |
| Announcement Date | 2/14/19 | 2/13/20 | 2/26/21 | 2/16/22 | 2/17/23 | 2/20/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,233 | 6,886 | 6,687 | 5,852 | 7,649 | 8,079 | 8,203 | 8,213 |
| EBITDA 1 | 301.3 | 311.2 | 382.5 | 430.1 | 642.4 | 605.5 | 548.7 | 605.9 |
| EBIT 1 | 234.8 | 232 | 295.2 | 336.3 | 540.4 | 501.7 | 448.8 | 444.5 |
| Operating Margin | 3.77% | 3.37% | 4.41% | 5.75% | 7.06% | 6.21% | 5.47% | 5.41% |
| Earnings before Tax (EBT) 1 | 234.1 | 242.1 | 290.8 | 330.4 | 546.7 | 513.7 | 450.4 | 443 |
| Net income 1 | 180.4 | 190.1 | 212.6 | 249.6 | 389.5 | 383.4 | 352.2 | 347.1 |
| Net margin | 2.89% | 2.76% | 3.18% | 4.27% | 5.09% | 4.75% | 4.29% | 4.23% |
| EPS 2 | 0.1405 | 0.1481 | 0.1656 | 0.1944 | 0.3034 | 0.2986 | 0.2749 | 0.2714 |
| Free Cash Flow 1 | 284 | -58.24 | 184.1 | 418.3 | 473 | 294 | 275.4 | 239.9 |
| FCF margin | 4.56% | -0.85% | 2.75% | 7.15% | 6.18% | 3.64% | 3.36% | 2.92% |
| FCF Conversion (EBITDA) | 94.26% | - | 48.13% | 97.26% | 73.64% | 48.55% | 50.2% | 39.6% |
| FCF Conversion (Net income) | 157.43% | - | 86.57% | 167.58% | 121.44% | 76.68% | 78.21% | 69.12% |
| Dividend per Share 2 | 0.1350 | 0.1410 | 0.1505 | 0.1767 | - | 0.2276 | 0.2110 | 0.2052 |
| Announcement Date | 2/14/19 | 2/13/20 | 2/26/21 | 2/16/22 | 2/17/23 | 2/20/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|
| Net sales | 1,383 | 2,223 | 2,021 | - | - |
| EBITDA | - | 166.3 | - | - | - |
| EBIT | - | - | 131 | - | - |
| Operating Margin | - | - | 6.48% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - |
| Net income 1 | - | - | 97.81 | 86.16 | 104.3 |
| Net margin | - | - | 4.84% | - | - |
| EPS | - | - | 7.620 | 0.0671 | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 11/19/21 | 2/17/23 | 8/21/23 | 11/28/23 | 2/20/24 |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 88.6 | 91.3 | - | - | 7.14 | 83.5 | 162 |
| Net Cash position 1 | 124 | - | - | 125 | 350 | 359 | - | - |
| Leverage (Debt/EBITDA) | - | 0.2846 x | 0.2387 x | - | - | 0.0128 x | 0.1522 x | 0.2671 x |
| Free Cash Flow 1 | 284 | -58.2 | 184 | 418 | 473 | 294 | 275 | 240 |
| ROE (net income / shareholders' equity) | 17.7% | 18.4% | 20% | 22.6% | 32.3% | 29% | 24% | 22.3% |
| ROA (Net income/ Total Assets) | 7.5% | 7.39% | 8.08% | 9.04% | 13% | 12.1% | 10.4% | 9.76% |
| Assets 1 | 2,404 | 2,571 | 2,630 | 2,763 | 3,008 | 3,176 | 3,380 | 3,556 |
| Book Value Per Share 2 | 0.8000 | 0.8100 | 0.8400 | 0.8800 | 1.000 | 1.070 | 1.100 | 1.150 |
| Cash Flow per Share 2 | 0.3400 | 0.0900 | 0.2700 | 0.4700 | 0.5100 | 0 | 0.3700 | 0.3400 |
| Capex 1 | 153 | 173 | 169 | 179 | 185 | 222 | 212 | 236 |
| Capex / Sales | 2.46% | 2.52% | 2.52% | 3.06% | 2.42% | 2.75% | 2.59% | 2.87% |
| Announcement Date | 2/14/19 | 2/13/20 | 2/26/21 | 2/16/22 | 2/17/23 | 2/20/24 | - | - |
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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
3.61
MYR
Average target price
3.408
MYR
Spread / Average Target
-5.60%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +12.46% | 972M | |
| +0.89% | 17.64B | |
| +28.35% | 16.4B | |
| -6.96% | 12.12B | |
| +10.84% | 9.13B | |
| +16.20% | 8.89B | |
| +3.56% | 7.48B | |
| -2.34% | 6.96B | |
| +8.30% | 6.51B | |
| -5.97% | 5.03B |
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- GASMSIA Stock
- Financials Gas Malaysia
