Financials Kossan Rubber Industries

Equities

KOSSAN

MYL7153OO009

Medical Equipment, Supplies & Distribution

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
2.15 MYR +2.38% Intraday chart for Kossan Rubber Industries +1.42% +16.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,320 11,498 4,899 2,807 4,720 5,486 - -
Enterprise Value (EV) 1 5,736 10,981 2,594 818.7 3,471 3,763 3,735 3,779
P/E ratio 23.7 x 10.6 x 1.72 x 17.9 x 330 x 38 x 29.9 x 23.6 x
Yield 1.44% 3.11% 25% 2.27% 1.08% 0.99% 1.21% 1.58%
Capitalization / Revenue 2.39 x 3.15 x 0.74 x 1.21 x 2.98 x 2.74 x 2.33 x 2.09 x
EV / Revenue 2.58 x 3.01 x 0.39 x 0.35 x 2.19 x 1.88 x 1.59 x 1.44 x
EV / EBITDA 15 x 7 x 0.66 x 2.38 x 18.4 x 13.4 x 10.8 x 9.18 x
EV / FCF 74.5 x 13.6 x 1.44 x -2.52 x 43.7 x 44.9 x 27.7 x 39.3 x
FCF Yield 1.34% 7.35% 69.4% -39.7% 2.29% 2.23% 3.61% 2.55%
Price to Book 3.73 x 4.84 x 1.22 x 0.72 x 1.23 x 1.39 x 1.34 x 1.31 x
Nbr of stocks (in thousands) 2,557,872 2,555,120 2,551,620 2,551,620 2,551,620 2,551,620 - -
Reference price 2 2.080 4.500 1.920 1.100 1.850 2.150 2.150 2.150
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,222 3,654 6,657 2,316 1,586 2,005 2,353 2,630
EBITDA 1 381.8 1,570 3,919 343.9 189 281.3 346.8 411.7
EBIT 1 290.6 1,460 3,804 217.3 72.85 159.7 217.4 274.4
Operating Margin 13.08% 39.95% 57.14% 9.38% 4.59% 7.96% 9.24% 10.44%
Earnings before Tax (EBT) 1 280.1 1,445 3,748 212.9 35.85 203 253.4 322.3
Net income 1 224.8 1,087 2,854 156.6 14.22 153.5 190.2 238.9
Net margin 10.12% 29.75% 42.86% 6.76% 0.9% 7.65% 8.08% 9.09%
EPS 2 0.0879 0.4250 1.118 0.0614 0.005600 0.0566 0.0718 0.0911
Free Cash Flow 1 76.95 807.3 1,799 -324.7 79.35 83.77 134.6 96.27
FCF margin 3.46% 22.1% 27.03% -14.02% 5% 4.18% 5.72% 3.66%
FCF Conversion (EBITDA) 20.15% 51.43% 45.91% - 41.97% 29.78% 38.82% 23.39%
FCF Conversion (Net income) 34.23% 74.26% 63.06% - 557.92% 54.58% 70.78% 40.29%
Dividend per Share 2 0.0300 0.1400 0.4800 0.0250 0.0200 0.0212 0.0260 0.0340
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q3 2023 Q1
Net sales 1 - - - 394.7
EBITDA - - - -
EBIT 1 - - - -18.63
Operating Margin - - - -4.72%
Earnings before Tax (EBT) 1 - - - -19.07
Net income 218.7 90.1 - -
Net margin - - - -
EPS 2 - 0.0353 0.009100 -0.009500
Dividend per Share - - - -
Announcement Date 2/17/22 4/27/22 11/2/22 4/27/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 415 - - - - - - -
Net Cash position 1 - 517 2,305 1,988 1,249 1,723 1,751 1,707
Leverage (Debt/EBITDA) 1.088 x - - - - - - -
Free Cash Flow 1 77 807 1,799 -325 79.3 83.8 135 96.3
ROE (net income / shareholders' equity) 16.4% 57.1% 88.9% 3.96% 0.37% 3.7% 4.73% 5.65%
ROA (Net income/ Total Assets) 10% 36.7% 65.7% 3.33% 0.33% 3.22% 3.99% 4.15%
Assets 1 2,239 2,965 4,342 4,700 4,259 4,770 4,774 5,757
Book Value Per Share 2 0.5600 0.9300 1.580 1.520 1.500 1.540 1.600 1.640
Cash Flow per Share 2 0.1200 0.3800 0.7900 -0.0900 0.0700 0.0600 0.1000 0.1200
Capex 1 221 172 214 100 95.8 139 137 225
Capex / Sales 9.96% 4.7% 3.22% 4.33% 6.04% 6.95% 5.82% 8.56%
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
2.15 MYR
Average target price
1.856 MYR
Spread / Average Target
-13.66%
Consensus
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