IGB REAL ESTATE INVESTMENT TRUST |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.83 MYR | +0.55% |
|
0.00% | +6.40% |
| Apr. 18 | IGB REIT Posts Higher DPU for Q1 | MT |
| Apr. 17 | IGB Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,707 | 6,124 | 5,894 | 5,918 | 6,195 | 6,605 | - | - |
| Enterprise Value (EV) 1 | 7,696 | 7,117 | 6,885 | 6,874 | 7,135 | 7,551 | 7,532 | 7,514 |
| P/E ratio | 21.2 x | 25.8 x | 29.4 x | 14.9 x | 11.9 x | 17.7 x | 16.8 x | 16 x |
| Yield | 4.85% | 3.92% | 3.65% | 5.98% | 6.09% | 5.8% | 6.04% | 6.21% |
| Capitalization / Revenue | 12.1 x | 13.2 x | 14.8 x | 10.6 x | 10.3 x | 10.6 x | 10.2 x | 9.92 x |
| EV / Revenue | 13.9 x | 15.3 x | 17.2 x | 12.4 x | 11.8 x | 12.1 x | 11.6 x | 11.3 x |
| EV / EBITDA | 21.1 x | 24.9 x | 28 x | 17.9 x | 17.5 x | 17.7 x | 16.9 x | 16.2 x |
| EV / FCF | 19.6 x | 24.8 x | 26.8 x | 16.2 x | 16.5 x | 16.6 x | 15.2 x | 14.8 x |
| FCF Yield | 5.1% | 4.03% | 3.73% | 6.18% | 6.05% | 6.01% | 6.58% | 6.74% |
| Price to Book | 1.77 x | 1.61 x | 1.55 x | 1.53 x | 1.53 x | 1.64 x | 1.65 x | 1.65 x |
| Nbr of stocks (in thousands) | 3,548,828 | 3,560,560 | 3,571,851 | 3,586,907 | 3,601,639 | 3,609,229 | - | - |
| Reference price 2 | 1.890 | 1.720 | 1.650 | 1.650 | 1.720 | 1.830 | 1.830 | 1.830 |
| Announcement Date | 1/22/20 | 1/25/21 | 1/26/22 | 1/19/23 | 1/30/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 552.1 | 465.2 | 399.5 | 556.4 | 604.3 | 622.4 | 646.6 | 665.7 |
| EBITDA 1 | 364.5 | 286.2 | 245.8 | 383.1 | 408.7 | 426.2 | 445.8 | 462.6 |
| EBIT 1 | 361.8 | 283.8 | 244.6 | 381.9 | 407.6 | 423.3 | 443.8 | 459.2 |
| Operating Margin | 65.53% | 61% | 61.21% | 68.64% | 67.46% | 68.01% | 68.64% | 68.99% |
| Earnings before Tax (EBT) 1 | 315.9 | 236.8 | 200.1 | 396.2 | 517.6 | 376 | 398 | 416.4 |
| Net income 1 | 315.9 | 236.8 | 200.1 | 396.2 | 517.6 | 374.1 | 394.2 | 410.5 |
| Net margin | 57.21% | 50.9% | 50.1% | 71.2% | 85.66% | 60.11% | 60.97% | 61.67% |
| EPS 2 | 0.0891 | 0.0666 | 0.0561 | 0.1107 | 0.1440 | 0.1035 | 0.1091 | 0.1142 |
| Free Cash Flow 1 | 392.1 | 286.8 | 257 | 425.1 | 432 | 454 | 495.5 | 506.5 |
| FCF margin | 71.02% | 61.64% | 64.32% | 76.41% | 71.49% | 72.95% | 76.63% | 76.08% |
| FCF Conversion (EBITDA) | 107.59% | 100.2% | 104.55% | 110.98% | 105.72% | 106.54% | 111.14% | 109.48% |
| FCF Conversion (Net income) | 124.14% | 121.1% | 128.39% | 107.31% | 83.47% | 121.36% | 125.7% | 123.38% |
| Dividend per Share 2 | 0.0916 | 0.0675 | 0.0603 | 0.0986 | 0.1047 | 0.1062 | 0.1106 | 0.1137 |
| Announcement Date | 1/22/20 | 1/25/21 | 1/26/22 | 1/19/23 | 1/30/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q4 |
|---|---|---|
| Net sales | 148.7 | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 143.9 | 89.69 |
| Net margin | 96.78% | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | 1/19/23 | 1/30/24 |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 989 | 992 | 992 | 956 | 941 | 947 | 927 | 909 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.713 x | 3.468 x | 4.035 x | 2.496 x | 2.302 x | 2.221 x | 2.08 x | 1.965 x |
| Free Cash Flow 1 | 392 | 287 | 257 | 425 | 432 | 454 | 496 | 507 |
| ROE (net income / shareholders' equity) | 8.37% | 6.24% | 5.26% | 10.3% | 13.1% | 9.25% | 9.83% | 10.2% |
| ROA (Net income/ Total Assets) | 6.06% | 4.54% | 3.83% | 7.51% | 9.57% | 7.14% | 7.45% | 7.69% |
| Assets 1 | 5,212 | 5,221 | 5,227 | 5,275 | 5,411 | 5,239 | 5,288 | 5,340 |
| Book Value Per Share 2 | 1.070 | 1.070 | 1.070 | 1.080 | 1.120 | 1.120 | 1.110 | 1.110 |
| Cash Flow per Share 2 | 0.1100 | 0.0800 | 0.0700 | 0.1200 | 0.1200 | 0.1300 | 0.1300 | 0.1400 |
| Capex 1 | 0.37 | 0.32 | 0.24 | 0.32 | 1.43 | 6.73 | 8.83 | 6.78 |
| Capex / Sales | 0.07% | 0.07% | 0.06% | 0.06% | 0.24% | 1.08% | 1.37% | 1.02% |
| Announcement Date | 1/22/20 | 1/25/21 | 1/26/22 | 1/19/23 | 1/30/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1.83
MYR
Average target price
1.923
MYR
Spread / Average Target
+5.07%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.40% | 1.39B | |
| -0.20% | 46.38B | |
| -13.75% | 12.39B | |
| -22.69% | 11.06B | |
| -13.01% | 10.74B | |
| -5.43% | 7.45B | |
| -6.66% | 6.54B | |
| -8.23% | 5.8B | |
| -7.60% | 5.6B | |
| -7.00% | 4.67B |
- Stock Market
- Equities
- IGBREIT Stock
- Financials IGB Real Estate Investment Trust
