Financials IJM Corporation

Equities

IJM

MYL3336OO004

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.36 MYR 0.00% Intraday chart for IJM Corporation +1.72% +25.53%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,049 5,771 6,113 5,899 5,621 8,275 - -
Enterprise Value (EV) 1 13,120 10,429 10,489 8,510 8,150 9,987 10,145 10,306
P/E ratio 19.2 x 23 x 14.2 x 7.53 x 35.6 x 21.9 x 18.7 x 17.1 x
Yield 1.8% 1.89% 3.55% 12.6% 3.75% 2.52% 2.59% 2.59%
Capitalization / Revenue 1.42 x 0.87 x 1.09 x 1.34 x 1.23 x 1.51 x 1.33 x 1.23 x
EV / Revenue 2.32 x 1.58 x 1.87 x 1.93 x 1.78 x 1.82 x 1.63 x 1.53 x
EV / EBITDA 12.1 x 8.24 x 7.14 x 9.41 x 7.64 x 8.86 x 8.47 x 8.12 x
EV / FCF -18.8 x 11.2 x 14.8 x 10.6 x 7.54 x 15.2 x 12 x 12.3 x
FCF Yield -5.31% 8.91% 6.74% 9.43% 13.3% 6.57% 8.32% 8.16%
Price to Book 0.79 x 0.6 x 0.61 x 0.59 x 0.57 x 0.83 x 0.8 x 0.77 x
Nbr of stocks (in thousands) 3,625,851 3,629,452 3,617,387 3,532,158 3,512,902 3,506,166 - -
Reference price 2 2.220 1.590 1.690 1.670 1.600 2.360 2.360 2.360
Announcement Date 5/29/19 6/26/20 5/27/21 5/27/22 5/29/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,656 6,605 5,623 4,409 4,572 5,491 6,224 6,736
EBITDA 1 1,085 1,265 1,469 904.2 1,066 1,127 1,198 1,269
EBIT 1 745.4 870.3 1,056 537.5 740.9 826.7 894.1 937.8
Operating Margin 13.18% 13.18% 18.79% 12.19% 16.2% 15.05% 14.37% 13.92%
Earnings before Tax (EBT) 1 648 517.8 779.6 317.9 483 670.6 746.8 801.6
Net income 1 418.9 250.6 431.7 794.9 158.3 391 451.3 491.4
Net margin 7.41% 3.79% 7.68% 18.03% 3.46% 7.12% 7.25% 7.29%
EPS 2 0.1155 0.0691 0.1190 0.2219 0.0449 0.1075 0.1262 0.1380
Free Cash Flow 1 -696.9 929 707.4 802.7 1,080 656.4 844 840.5
FCF margin -12.32% 14.07% 12.58% 18.21% 23.63% 11.95% 13.56% 12.48%
FCF Conversion (EBITDA) - 73.43% 48.15% 88.77% 101.32% 58.22% 70.45% 66.25%
FCF Conversion (Net income) - 370.73% 163.88% 100.98% 682.56% 167.89% 187.03% 171.06%
Dividend per Share 2 0.0400 0.0300 0.0600 0.2100 0.0600 0.0595 0.0612 0.0612
Announcement Date 5/29/19 6/26/20 5/27/21 5/27/22 5/29/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q4
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income -
Net margin -
EPS 1 0.0920
Dividend per Share -
Announcement Date -
1MYR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,071 4,658 4,376 2,611 2,530 1,713 1,871 2,031
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.675 x 3.681 x 2.978 x 2.888 x 2.373 x 1.519 x 1.562 x 1.601 x
Free Cash Flow 1 -697 929 707 803 1,080 656 844 841
ROE (net income / shareholders' equity) 4.29% 2.43% 4.06% 0.94% 1.47% 3.84% 4.21% 4.52%
ROA (Net income/ Total Assets) 1.89% 1.08% 1.84% 0.46% 0.76% 2.03% 2.2% 2.32%
Assets 1 22,120 23,229 23,474 173,277 20,760 19,234 20,544 21,176
Book Value Per Share 2 2.810 2.650 2.760 2.810 2.800 2.850 2.960 3.050
Cash Flow per Share 2 0.0300 0.4600 0.3700 0.3400 0.3600 0.4100 0.6100 -
Capex 1 796 752 631 415 196 168 168 181
Capex / Sales 14.08% 11.39% 11.22% 9.41% 4.28% 3.05% 2.7% 2.68%
Announcement Date 5/29/19 6/26/20 5/27/21 5/27/22 5/29/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
2.36 MYR
Average target price
2.324 MYR
Spread / Average Target
-1.53%
Consensus

Annual profits - Rate of surprise

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