Financials Lay Hong

Equities

LAYHONG

MYL9385OO005

Fishing & Farming

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
0.395 MYR 0.00% Intraday chart for Lay Hong +3.95% +36.21%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 604.5 293.5 221.2 221.2 170.3 222.1
Enterprise Value (EV) 1 809.3 551.7 496.7 490.7 418.4 421.3
P/E ratio 19.7 x 51.2 x 65.1 x 69.5 x -39.2 x 7.9 x
Yield 0.52% 1.12% 2.24% - 1.3% 1%
Capitalization / Revenue 0.71 x 0.37 x 0.26 x 0.24 x 0.18 x 0.21 x
EV / Revenue 0.95 x 0.69 x 0.59 x 0.53 x 0.44 x 0.39 x
EV / EBITDA 8.98 x 11.1 x 7.3 x 8.7 x 7.98 x 4.95 x
EV / FCF -19 x -17.9 x -14.3 x 20.5 x 10.3 x 8.12 x
FCF Yield -5.26% -5.6% -6.99% 4.87% 9.74% 12.3%
Price to Book 1.9 x 0.88 x 0.66 x 0.55 x 0.39 x 0.48 x
Nbr of stocks (in thousands) 629,647 659,589 660,289 660,289 740,319 740,319
Reference price 2 0.9600 0.4450 0.3350 0.3350 0.2300 0.3000
Announcement Date 7/31/18 7/31/19 8/21/20 7/30/21 7/29/22 7/31/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 847.8 796.8 839.7 923.7 960.3 1,070
EBITDA 1 90.12 49.69 68.02 56.4 52.45 85.11
EBIT 1 62.84 19.27 33.76 26.97 18.94 51.65
Operating Margin 7.41% 2.42% 4.02% 2.92% 1.97% 4.83%
Earnings before Tax (EBT) 1 52.22 3.908 14.1 9.698 7.668 40.21
Net income 1 36.69 7.267 3.398 3.182 -4.03 28.11
Net margin 4.33% 0.91% 0.4% 0.34% -0.42% 2.63%
EPS 2 0.0488 0.008699 0.005146 0.004819 -0.005871 0.0380
Free Cash Flow 1 -42.53 -30.9 -34.74 23.9 40.76 51.88
FCF margin -5.02% -3.88% -4.14% 2.59% 4.24% 4.85%
FCF Conversion (EBITDA) - - - 42.37% 77.71% 60.96%
FCF Conversion (Net income) - - - 751.01% - 184.59%
Dividend per Share 2 0.005000 0.005000 0.007500 - 0.003000 0.003000
Announcement Date 7/31/18 7/31/19 8/21/20 7/30/21 7/29/22 7/31/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 205 258 275 270 248 199
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.273 x 5.196 x 4.05 x 4.779 x 4.732 x 2.341 x
Free Cash Flow 1 -42.5 -30.9 -34.7 23.9 40.8 51.9
ROE (net income / shareholders' equity) 12.1% 0.38% 1.5% 1.27% -0.59% 6.11%
ROA (Net income/ Total Assets) 5.59% 1.49% 2.51% 1.88% 1.25% 3.4%
Assets 1 656.3 487.9 135.3 169.5 -322 827.1
Book Value Per Share 2 0.5000 0.5100 0.5100 0.6100 0.5900 0.6300
Cash Flow per Share 2 0.0200 0.0200 0.0200 0.0100 0.0200 0.0400
Capex 1 70.5 53 55.4 20.2 26.2 23.3
Capex / Sales 8.32% 6.66% 6.6% 2.19% 2.73% 2.17%
Announcement Date 7/31/18 7/31/19 8/21/20 7/30/21 7/29/22 7/31/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA