Financials Hap Seng Plantations Holdings

Equities

HSPLANT

MYL5138OO002

Fishing & Farming

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.86 MYR +1.09% Intraday chart for Hap Seng Plantations Holdings 0.00% +8.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,311 1,703 1,439 1,575 1,551 1,487 1,487 -
Enterprise Value (EV) 1 1,311 1,703 1,236 1,207 1,113 1,240 1,204 1,173
P/E ratio 45.1 x 54.2 x 15.9 x 7.03 x 7.38 x 15 x 12.6 x 13.4 x
Yield 1.52% 1.17% 3.89% 8.63% 6.19% 3.95% 4.35% 4.56%
Capitalization / Revenue 3.36 x 4.07 x 3.08 x 2.35 x 1.9 x 2.06 x 2.14 x 2.12 x
EV / Revenue 3.36 x 4.07 x 2.64 x 1.8 x 1.37 x 1.86 x 1.73 x 1.67 x
EV / EBITDA 12.7 x 13.3 x 6.22 x 3.18 x 3.17 x 5.92 x 5.61 x 5.32 x
EV / FCF 23.6 x 57.2 x 23.8 x 5.49 x 6.67 x 13.5 x 9.08 x 8.29 x
FCF Yield 4.23% 1.75% 4.2% 18.2% 15% 7.39% 11% 12.1%
Price to Book 0.8 x 1.03 x 0.84 x 0.84 x 0.8 x 0.7 x 0.75 x 0.73 x
Nbr of stocks (in thousands) 799,687 799,685 799,685 799,685 799,685 799,685 799,685 -
Reference price 2 1.640 2.130 1.800 1.970 1.940 1.860 1.860 1.860
Announcement Date 2/26/19 2/24/20 2/24/21 2/23/22 2/22/23 2/27/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 390.8 418.6 467.6 670.9 814.6 667.8 696 700.5
EBITDA 1 103.2 127.7 198.6 379.1 351.6 209.3 214.5 220.3
EBIT 1 25.56 39.35 110.9 292.6 266.9 123.4 136 143.7
Operating Margin 6.54% 9.4% 23.72% 43.61% 32.77% 18.48% 19.53% 20.51%
Earnings before Tax (EBT) 1 37.15 36.56 108.4 290.3 264 120.2 142.7 146.6
Net income 1 29.11 31.45 90.3 224 210.3 91.37 118.1 111.6
Net margin 7.45% 7.51% 19.31% 33.39% 25.82% 13.68% 16.96% 15.92%
EPS 2 0.0364 0.0393 0.1129 0.2801 0.2630 0.1143 0.1471 0.1386
Free Cash Flow 1 55.52 29.77 51.85 219.7 167.1 91.67 132.6 141.6
FCF margin 14.21% 7.11% 11.09% 32.75% 20.51% 13.73% 19.04% 20.21%
FCF Conversion (EBITDA) 53.8% 23.31% 26.11% 57.97% 47.51% 43.8% 61.81% 64.25%
FCF Conversion (Net income) 190.74% 94.67% 57.43% 98.09% 79.43% 100.33% 112.26% 126.89%
Dividend per Share 2 0.0250 0.0250 0.0700 0.1700 0.1200 0.0680 0.0809 0.0849
Announcement Date 2/26/19 2/24/20 2/24/21 2/23/22 2/22/23 2/27/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q3
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 37.85
Net margin -
EPS 2 0.0473
Dividend per Share -
Announcement Date 11/20/23
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 - - 204 368 438 136 284 314
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 55.5 29.8 51.9 220 167 91.7 133 142
ROE (net income / shareholders' equity) 1.76% 1.91% 5.36% 11.1% 11.1% 4.71% 5.38% 5.69%
ROA (Net income/ Total Assets) 1.39% 1.49% 3.21% 8.8% 8.85% 3.77% 4.37% 4.6%
Assets 1 2,094 2,104 2,813 2,544 2,375 2,424 2,704 2,425
Book Value Per Share 2 2.050 2.070 2.140 2.350 2.410 2.440 2.490 2.560
Cash Flow per Share - - - - - - - -
Capex 1 76.7 86.3 54.7 57.8 79 78.2 68.3 69.1
Capex / Sales 19.64% 20.62% 11.69% 8.61% 9.7% 11.7% 9.81% 9.86%
Announcement Date 2/26/19 2/24/20 2/24/21 2/23/22 2/22/23 2/27/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
1.86 MYR
Average target price
2.034 MYR
Spread / Average Target
+9.35%
Consensus

Annual profits - Rate of surprise

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