Financials Hai-O Enterprise

Equities

BESHOM

MYL7668OO006

Other Specialty Retailers

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.9 ^MYR	0.00%		+0.56%	0.00%

Apr. 15	Beshom Buys Back Shares	MT
Apr. 11	Beshom Buys Back Shares	MT

Valuation

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	746.2	499.3	624.4	483.2	354.1	270	-	-
Enterprise Value (EV) ¹	746.2	499.3	624.4	483.2	354.1	270	270	270
P/E ratio	15.8 x	15.5 x	16 x	16.8 x	21.9 x	24 x	16.5 x	14 x
Yield	5.06%	5.81%	4.17%	4.97%	4.24%	4.17%	5%	5.28%
Capitalization / Revenue	2.27 x	1.96 x	2.3 x	2.31 x	2.03 x	1.75 x	1.61 x	1.47 x
EV / Revenue	2.27 x	1.96 x	2.3 x	2.31 x	2.03 x	1.75 x	1.61 x	1.47 x
EV / EBITDA	11.1 x	10.9 x	10.7 x	10.8 x	12.7 x	12.6 x	9.91 x	8.68 x
EV / FCF	36.7 x	-	-	18.7 x	46.1 x	14.1 x	15.6 x	12.5 x
FCF Yield	2.73%	-	-	5.35%	2.17%	7.09%	6.4%	8%
Price to Book	2.4 x	1.67 x	-	1.51 x	1.15 x	0.85 x	0.84 x	0.83 x
Nbr of stocks (in thousands)	290,366	290,313	289,082	300,103	300,103	299,972	-	-
Reference price ²	2.570	1.720	2.160	1.610	1.180	0.9000	0.9000	0.9000
Announcement Date	6/25/19	6/29/20	6/25/21	6/24/22	6/23/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	328.4	255.2	271.4	209.6	174.2	154.4	168.2	184.2
EBITDA ¹	67.01	45.64	58.27	44.58	27.78	21.44	27.24	31.12
EBIT ¹	62.37	40.99	51.95	39.88	23.84	15.7	21.6	25.65
Operating Margin	19%	16.06%	19.14%	19.03%	13.69%	10.17%	12.85%	13.92%
Earnings before Tax (EBT) ¹	63.5	41.61	52.33	40.14	24.1	16.2	22.95	26.95
Net income ¹	47.41	32.23	39.12	28.56	16.17	11.3	16.4	19.4
Net margin	14.44%	12.63%	14.42%	13.63%	9.28%	7.32%	9.75%	10.53%
EPS ²	0.1631	0.1110	0.1350	0.0960	0.0539	0.0375	0.0545	0.0645
Free Cash Flow ¹	20.35	-	-	25.86	7.685	19.13	17.27	21.6
FCF margin	6.2%	-	-	12.34%	4.41%	12.39%	10.27%	11.72%
FCF Conversion (EBITDA)	30.37%	-	-	58%	27.67%	89.23%	63.4%	69.42%
FCF Conversion (Net income)	42.93%	-	-	90.52%	47.54%	169.29%	105.3%	111.34%
Dividend per Share ²	0.1300	0.1000	0.0900	0.0800	0.0500	0.0375	0.0450	0.0475
Announcement Date	6/25/19	6/29/20	6/25/21	6/24/22	6/23/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period:

Estimates

Balance Sheet Analysis

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	20.4	-	-	25.9	7.68	19.1	17.3	21.6
ROE (net income / shareholders' equity)	15.3%	10.6%	12.8%	9.06%	5.17%	3.67%	5.27%	6.15%
ROA (Net income/ Total Assets)	12.5%	8.88%	10.7%	7.7%	4.47%	3.14%	4.42%	5.18%
Assets ¹	380.3	363	366	371.1	361.8	360.4	371	374.9
Book Value Per Share ²	1.070	1.030	-	1.070	1.030	1.070	1.080	1.090
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	8.3	-	-	1.14	3.28	3.53	3.33	3.39
Capex / Sales	2.53%	-	-	0.54%	1.89%	2.28%	1.98%	1.84%
Announcement Date	6/25/19	6/29/20	6/25/21	6/24/22	6/23/23	-	-	-

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

Ratings for Hai-O Enterprise

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.9 MYR

Average target price

0.865 MYR

Spread / Average Target

-3.89%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Miscellaneous Specialty Retailers

	1st Jan change	Capi.
HAI-O ENTERPRISE	0.00%	56.62M
AVOLTA AG	+4.90%	5.71B
JARIR MARKETING COMPANY	-11.81%	4.42B
JUMBO S.A.	+14.25%	4.17B
GRUPO GIGANTE, S. A. B. DE C. V.	+4.23%	1.85B
UPBOUND GROUP, INC.	-4.59%	1.77B
WINMARK CORPORATION	-13.78%	1.26B
SALLY BEAUTY HOLDINGS, INC.	-17.17%	1.15B
LESLIE'S, INC.	-42.26%	736M
MATAS A/S	-2.08%	613M

Other Miscellaneous Specialty Retailers