Financials Grand Venture Technology Limited

Equities

JLB

SGXE82751350

Industrial Machinery & Equipment

Market Closed - Singapore S.E. 03:59:18 2024-04-26 am EDT 5-day change 1st Jan Change
0.53 SGD +1.92% Intraday chart for Grand Venture Technology Limited +2.91% -2.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 62.08 77.3 393.6 171.3 184.9 179.8 - -
Enterprise Value (EV) 1 62.08 77.3 393.6 199.2 214.9 209.8 210.8 179.8
P/E ratio 19.8 x 14.8 x 20.3 x 12.8 x 33.4 x 18.6 x 11.5 x 8.98 x
Yield - - 0.84% 1.19% 0.18% 0.85% 1.6% 2.26%
Capitalization / Revenue 1.55 x 1.26 x 3.39 x 1.31 x 1.66 x 1.44 x 1.22 x 1.15 x
EV / Revenue 1.55 x 1.26 x 3.39 x 1.52 x 1.93 x 1.67 x 1.43 x 1.15 x
EV / EBITDA - 5.68 x 13 x 6.94 x 9.61 x 7.22 x 5.62 x 4.27 x
EV / FCF - -22.3 x -29.9 x 53.9 x 39.5 x 11.4 x 11.8 x 7.72 x
FCF Yield - -4.48% -3.34% 1.85% 2.53% 8.76% 8.47% 13%
Price to Book - 2.1 x 3.76 x 1.45 x 1.56 x 1.43 x 1.28 x 1.15 x
Nbr of stocks (in thousands) 234,253 234,253 330,780 339,289 339,289 339,289 - -
Reference price 2 0.2650 0.3300 1.190 0.5050 0.5450 0.5300 0.5300 0.5300
Announcement Date 4/12/20 2/22/21 2/15/22 2/20/23 2/26/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 40.07 61.4 116.3 131.1 111.3 125.3 147.2 156.8
EBITDA 1 - 13.62 30.3 28.7 22.35 29.05 37.5 42.1
EBIT 1 - 6.897 21.41 14.72 6.684 12.7 19.15 24.4
Operating Margin - 11.23% 18.42% 11.23% 6.01% 10.14% 13.01% 15.56%
Earnings before Tax (EBT) 1 - 6.029 20.9 13.88 6.075 11.2 17.8 23.8
Net income 1 3.097 5.216 17.56 13.32 5.544 9.69 15.59 20
Net margin 7.73% 8.5% 15.1% 10.17% 4.98% 7.73% 10.59% 12.76%
EPS 2 0.0134 0.0223 0.0587 0.0394 0.0163 0.0285 0.0460 0.0590
Free Cash Flow 1 - -3.466 -13.16 3.693 5.438 18.39 17.86 23.3
FCF margin - -5.64% -11.32% 2.82% 4.89% 14.68% 12.13% 14.86%
FCF Conversion (EBITDA) - - - 12.87% 24.33% 63.3% 47.63% 55.34%
FCF Conversion (Net income) - - - 27.71% 98.09% 189.78% 114.56% 116.5%
Dividend per Share 2 - - 0.0100 0.006000 0.001000 0.004500 0.008500 0.0120
Announcement Date 4/12/20 2/22/21 2/15/22 2/20/23 2/26/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2023 S1
Net sales 1 32.45 34.61 67.06 -
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 3.624 3.508 7.132 3.403
Net margin 11.17% 10.14% 10.63% -
EPS - - - -
Dividend per Share - - - -
Announcement Date 5/6/22 8/10/22 8/10/22 8/8/23
1SGD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 27.8 30 30 31 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 0.9694 x 1.34 x 1.033 x 0.8267 x -
Free Cash Flow 1 - -3.47 -13.2 3.69 5.44 18.4 17.9 23.3
ROE (net income / shareholders' equity) - 15.3% 24.8% 12% 4.68% 7.9% 11.7% 13.4%
ROA (Net income/ Total Assets) - 6.21% 12.7% 6.89% 2.72% 5.11% 7.43% 9.06%
Assets 1 - 84 138.6 193.5 203.7 189.8 210 220.8
Book Value Per Share 2 - 0.1600 0.3200 0.3500 0.3500 0.3700 0.4100 0.4600
Cash Flow per Share 2 - - - 0.0400 0.0500 0.0800 0.1000 -
Capex 1 - 7.94 16.3 9.73 10.2 20 15 10
Capex / Sales - 12.93% 13.99% 7.42% 9.2% 15.96% 10.19% 6.38%
Announcement Date 4/12/20 2/22/21 2/15/22 2/20/23 2/26/24 - - -
1SGD in Million2SGD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
0.53 SGD
Average target price
0.6 SGD
Spread / Average Target
+13.21%
Consensus

Quarterly revenue - Rate of surprise

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