Financials HeveaBoard

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.325 ^MYR	-1.52%		0.00%	-5.80%

Apr. 03	HeveaBoard Seeks Shareholder Nod to Renew Share Repurchase Authority	MT
Apr. 02	HeveaBoard Berhad Recommends the First and Final Dividend in Respect of the Financial Year Ended 31 December 2023	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	341.2	303.4	404.6	243.3	198.1	183.9	183.9	-
Enterprise Value (EV) ¹	341.2	303.4	404.6	243.3	198.1	195.2	183.9	183.9
P/E ratio	20.5 x	21.5 x	25.5 x	-215 x	21.2 x	-53.9 x	46.4 x	21.7 x
Yield	8.2%	5.56%	3.15%	2.33%	3.43%	3.08%	3.08%	3.08%
Capitalization / Revenue	0.76 x	0.72 x	1.04 x	0.66 x	0.49 x	0.66 x	0.38 x	0.37 x
EV / Revenue	0.76 x	0.72 x	1.04 x	0.66 x	0.49 x	0.66 x	0.38 x	0.37 x
EV / EBITDA	8.09 x	6.68 x	8.58 x	8.32 x	4.33 x	13 x	5.08 x	4.53 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.76 x	0.7 x	0.94 x	0.58 x	0.47 x	0.47 x	0.45 x	0.45 x
Nbr of stocks (in thousands)	559,361	561,871	565,868	565,866	565,865	565,865	565,865	-
Reference price ²	0.6100	0.5400	0.7150	0.4300	0.3500	0.3250	0.3250	0.3250
Announcement Date	2/28/19	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	449.1	419.2	388.6	370.9	405.8	296.4	489.4	501.9
EBITDA ¹	42.2	45.45	47.15	29.25	45.7	15.03	36.2	40.6
EBIT ¹	15.66	17.35	18.26	0.025	17.04	-5.496	4.2	8.2
Operating Margin	3.49%	4.14%	4.7%	0.01%	4.2%	-1.85%	0.86%	1.63%
Earnings before Tax (EBT) ¹	13.58	15.99	17.31	-0.581	16.62	-6.023	4.7	9.7
Net income ¹	16.66	14.08	15.87	-1.155	9.39	-3.65	3.9	8.2
Net margin	3.71%	3.36%	4.08%	-0.31%	2.31%	-1.23%	0.8%	1.63%
EPS ²	0.0298	0.0251	0.0280	-0.002000	0.0165	-0.006400	0.007000	0.0150
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0500	0.0300	0.0225	0.0100	0.0120	0.0100	0.0100	0.0100
Announcement Date	2/28/19	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	3.71%	3.27%	3.69%	-0.27%	2.21%	-0.87%	0.9%	2%
ROA (Net income/ Total Assets)	3.02%	2.63%	2.98%	-0.22%	1.81%	-0.73%	0.8%	1.6%
Assets ¹	551.6	535.3	531.8	526.6	518.5	501.5	487.5	512.5
Book Value Per Share ²	0.8000	0.7700	0.7600	0.7400	0.7500	0.7300	0.7300	0.7300
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	28.7	8.67	9.13	9.97	19.1	30.8	8	8
Capex / Sales	6.38%	2.07%	2.35%	2.69%	4.72%	10.4%	1.63%	1.59%
Announcement Date	2/28/19	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.325 MYR

Average target price

0.33 MYR

Spread / Average Target

+1.54%

	1st Jan change	Capi.
HEVEABOARD	-5.80%	38.57M
LOUISIANA-PACIFIC CORPORATION	+5.28%	5.39B
STELLA-JONES INC.	+6.04%	3.39B
CENTURY PLYBOARDS (INDIA) LIMITED	-17.33%	1.7B
CORTICEIRA AMORIM, SGPS, S.A.	+6.13%	1.38B
DEHUA TB NEW DECORATION MATERIAL CO.,LTD	+17.95%	1.19B
DEXCO S.A.	-9.42%	1.15B
DONGWHA ENTERPRISE CO.,LTD	-7.86%	748M
OENEO	-20.93%	704M
DARE POWER DEKOR HOME CO.,LTD.	-16.38%	505M