Financials Kimly Limited

Equities

Market Closed - Singapore S.E. Other stock markets 10:25:16 2024-04-25 pm EDT			5-day change	1st Jan Change
0.305 ^SGD	0.00%		0.00%	-4.69%

Feb. 20	Kimly Reacquires More Shares	MT
Feb. 19	Kimly Buys Back Additional Shares	MT

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	258.6	303.1	446.5	416.5	391	378.7	-	-
Enterprise Value (EV) ¹	258.6	303.1	390	467.5	391	378.7	378.7	378.7
P/E ratio	-	11.7 x	11.4 x	12.2 x	10.8 x	10.1 x	9.53 x	8.32 x
Yield	6.22%	4.39%	3.73%	5.01%	5.33%	5.9%	6.07%	6.23%
Capitalization / Revenue	1.24 x	1.44 x	1.87 x	1.31 x	1.25 x	1.16 x	1.11 x	1.06 x
EV / Revenue	1.24 x	1.44 x	1.87 x	1.31 x	1.25 x	1.16 x	1.11 x	1.06 x
EV / EBITDA	-	7.76 x	8.23 x	7.37 x	4.09 x	5.79 x	5.49 x	5.23 x
EV / FCF	-	-	5.38 x	4.73 x	4.37 x	6.27 x	5.93 x	9.29 x
FCF Yield	-	-	18.6%	21.1%	22.9%	15.9%	16.9%	10.8%
Price to Book	-	2.75 x	3.35 x	2.58 x	2.22 x	1.97 x	1.74 x	1.65 x
Nbr of stocks (in thousands)	1,149,183	1,188,667	1,190,553	1,243,154	1,241,386	1,241,675	-	-
Reference price ²	0.2250	0.2550	0.3750	0.3350	0.3150	0.3050	0.3050	0.3050
Announcement Date	11/26/19	11/26/20	11/25/21	11/24/22	11/27/23	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	208.3	210.8	238.6	317.7	313.9	326.2	341.8	356.3
EBITDA ¹	-	39.06	54.26	56.48	95.62	65.37	69.03	72.37
EBIT ¹	-	34.33	49.01	48.69	50.23	48.67	52.03	55.4
Operating Margin	-	16.29%	20.54%	15.32%	16%	14.92%	15.22%	15.55%
Earnings before Tax (EBT) ¹	-	29.7	44.48	43.87	47.17	46.9	50.57	53.83
Net income ¹	20.05	25.22	39.28	34.02	36.47	38.48	41.18	43.75
Net margin	9.63%	11.97%	16.46%	10.71%	11.62%	11.8%	12.05%	12.28%
EPS ²	-	0.0218	0.0330	0.0274	0.0293	0.0303	0.0320	0.0367
Free Cash Flow ¹	-	-	82.98	88.01	89.47	60.36	63.86	40.78
FCF margin	-	-	34.77%	27.7%	28.51%	18.5%	18.68%	11.44%
FCF Conversion (EBITDA)	-	-	152.93%	155.83%	93.57%	92.35%	92.5%	56.34%
FCF Conversion (Net income)	-	-	211.26%	258.71%	245.3%	156.87%	155.06%	93.2%
Dividend per Share ²	0.0140	0.0112	0.0140	0.0168	0.0168	0.0180	0.0185	0.0190
Announcement Date	11/26/19	11/26/20	11/25/21	11/24/22	11/27/23	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	51	-	-	-	-
Net Cash position	-	-	56.4	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.9039 x	-	-	-	-
Free Cash Flow ¹	-	-	83	88	89.5	60.4	63.9	40.8
ROE (net income / shareholders' equity)	23.4%	25.5%	32.3%	23.1%	21.3%	20.6%	20.1%	19.6%
ROA (Net income/ Total Assets)	-	11.4%	12.2%	9.95%	10.6%	11.8%	12%	12.1%
Assets ¹	-	220.4	323.1	341.8	345.5	327.5	344.6	363.1
Book Value Per Share ²	-	0.0900	0.1100	0.1300	0.1400	0.1600	0.1800	0.1900
Cash Flow per Share	-	-	0.0800	-	-	-	-	-
Capex ¹	-	56	3.35	4.85	4.98	5	5	5
Capex / Sales	-	26.58%	1.4%	1.53%	1.59%	1.53%	1.46%	1.4%
Announcement Date	11/26/19	11/26/20	11/25/21	11/24/22	11/27/23	-	-	-

¹SGD in Million²SGD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.305 SGD

Average target price

0.3667 SGD

Spread / Average Target

+20.22%

	1st Jan change	Capi.
KIMLY LIMITED	-4.69%	278M
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