Financials Leader Steel Holdings

Equities

LSTEEL

MYL9881OO003

Iron & Steel

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
0.5 MYR -1.96% Intraday chart for Leader Steel Holdings +1.01% +9.89%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 62.69 31.03 37.73 98.12 80.72 73.32
Enterprise Value (EV) 1 144.6 120.7 124.4 144.4 144.6 75.33
P/E ratio 8.2 x 6.36 x -18.3 x 15.2 x 2.96 x 11.3 x
Yield - - - 2.07% - 2.75%
Capitalization / Revenue 0.26 x 0.11 x 0.13 x 0.45 x 0.35 x 0.33 x
EV / Revenue 0.59 x 0.42 x 0.42 x 0.66 x 0.62 x 0.34 x
EV / EBITDA 6.88 x 8.14 x 79.8 x 9.16 x 3.67 x 8.64 x
EV / FCF -14 x -16.3 x -33.7 x 4.06 x -7.16 x 1.23 x
FCF Yield -7.14% -6.15% -2.97% 24.6% -14% 81%
Price to Book 0.45 x 0.22 x 0.25 x 0.61 x 0.43 x 0.39 x
Nbr of stocks (in thousands) 125,379 124,108 123,705 135,333 134,533 134,533
Reference price 2 0.5000 0.2500 0.3050 0.7250 0.6000 0.5450
Announcement Date 4/25/18 4/29/19 6/30/20 4/28/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 243.8 284 297.3 217.9 231.7 221.8
EBITDA 1 21.04 14.83 1.558 15.77 39.45 8.72
EBIT 1 13.43 7.986 -3.752 11.14 34.85 4.231
Operating Margin 5.51% 2.81% -1.26% 5.11% 15.04% 1.91%
Earnings before Tax (EBT) 1 10.58 5.87 -3.094 8.674 35.41 9.075
Net income 1 7.769 4.988 -2.108 6.239 26.4 6.495
Net margin 3.19% 1.76% -0.71% 2.86% 11.4% 2.93%
EPS 2 0.0610 0.0393 -0.0166 0.0477 0.2029 0.0483
Free Cash Flow 1 -10.32 -7.423 -3.694 35.57 -20.2 61
FCF margin -4.23% -2.61% -1.24% 16.33% -8.72% 27.5%
FCF Conversion (EBITDA) - - - 225.61% - 699.58%
FCF Conversion (Net income) - - - 570.05% - 939.17%
Dividend per Share - - - 0.0150 - 0.0150
Announcement Date 4/25/18 4/29/19 6/30/20 4/28/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 82 89.6 86.6 46.3 63.9 2.01
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.896 x 6.044 x 55.62 x 2.936 x 1.62 x 0.2306 x
Free Cash Flow 1 -10.3 -7.42 -3.69 35.6 -20.2 61
ROE (net income / shareholders' equity) 5.62% 3.69% -1.48% 3.95% 15.2% 3.45%
ROA (Net income/ Total Assets) 3.3% 1.81% -0.83% 2.6% 7.66% 0.89%
Assets 1 235.7 275.9 254.4 239.7 344.6 733.9
Book Value Per Share 2 1.120 1.160 1.230 1.200 1.380 1.420
Cash Flow per Share 2 0.0500 0.0600 0.0200 0.0200 0.0600 0.2300
Capex 1 7.41 8.68 2.48 1.11 3.38 9.81
Capex / Sales 3.04% 3.06% 0.83% 0.51% 1.46% 4.42%
Announcement Date 4/25/18 4/29/19 6/30/20 4/28/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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