Financials Lee Swee Kiat Group

Equities

LEESK

MYL8079OO005

Home Furnishings

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
0.915 ^MYR	+0.55%		-3.68%	+12.27%

Apr. 08	Lee Swee Kiat Group Berhad Announces Resignation of Yeng Shi Mei as Company Secretary	CI
Apr. 08	Lee Swee Kiat Group Berhad Appoints Law Mee Poo as Company Secretary	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	138.7	99.51	144	132.6	117	153.5	153.5	-
Enterprise Value (EV) ¹	138.7	99.51	144	132.6	117	113.1	121.5	109.2
P/E ratio	13.5 x	12.2 x	21.9 x	17.5 x	8.98 x	9.63 x	9.58 x	7.73 x
Yield	2.94%	4.1%	2.81%	3.05%	4.83%	4.29%	5.46%	7.18%
Capitalization / Revenue	1.39 x	0.98 x	1.49 x	1.27 x	0.91 x	1.03 x	0.85 x	0.76 x
EV / Revenue	1.39 x	0.98 x	1.49 x	1.27 x	0.91 x	0.89 x	0.67 x	0.54 x
EV / EBITDA	9.89 x	6.49 x	10.7 x	10.3 x	6.52 x	4.95 x	4.49 x	3.46 x
EV / FCF	35,480,715 x	-24,870,772 x	17,051,074 x	363,395,477 x	8,716,866 x	-	-	-
FCF Yield	0%	-0%	0%	0%	0%	-	-	-
Price to Book	2.66 x	1.74 x	2.47 x	2.16 x	1.65 x	1.73 x	1.76 x	1.56 x
Nbr of stocks (in thousands)	163,128	163,128	161,755	161,755	161,412	167,769	167,769	-
Reference price ²	0.8500	0.6100	0.8900	0.8200	0.7250	0.9150	0.9150	0.9150
Announcement Date	2/25/19	2/24/20	2/26/21	2/21/22	2/21/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	100	101.7	96.3	104.6	129	127.7	180.2	201.5
EBITDA ¹	14.02	15.32	13.44	12.94	17.95	22.87	27.05	31.57
EBIT ¹	11.4	9.507	7.327	7.042	11.77	15.95	23	27.6
Operating Margin	11.39%	9.35%	7.61%	6.73%	9.12%	12.49%	12.76%	13.7%
Earnings before Tax (EBT) ¹	11.74	9.73	8.309	9.048	15.42	16.89	20.45	24.6
Net income ¹	10.26	8.128	6.561	7.583	13.03	13.65	16.53	19.37
Net margin	10.25%	8%	6.81%	7.25%	10.1%	10.69%	9.17%	9.61%
EPS ²	0.0629	0.0498	0.0406	0.0469	0.0807	0.0846	0.0955	0.1183
Free Cash Flow	3.908	-4.001	8.443	0.365	13.42	-	-	-
FCF margin	3.91%	-3.94%	8.77%	0.35%	10.41%	-	-	-
FCF Conversion (EBITDA)	27.88%	-	62.82%	2.82%	74.78%	-	-	-
FCF Conversion (Net income)	38.1%	-	128.68%	4.81%	103.03%	-	-	-
Dividend per Share ²	0.0250	0.0250	0.0250	0.0250	0.0350	0.0350	0.0500	0.0657
Announcement Date	2/25/19	2/24/20	2/26/21	2/21/22	2/21/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	3.117
Net margin	-
EPS ²	0.0193
Dividend per Share	-
Announcement Date	8/22/22

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	-	-	18.4	32	44.3
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	3.91	-4	8.44	0.37	13.4	-	-	-
ROE (net income / shareholders' equity)	20.9%	14.9%	11.4%	12.6%	19.7%	18.8%	20.7%	22.1%
ROA (Net income/ Total Assets)	12.8%	9.08%	6.92%	7.73%	12%	-	-	-
Assets ¹	80.22	89.54	94.84	98.15	108.4	-	-	-
Book Value Per Share ²	0.3200	0.3500	0.3600	0.3800	0.4400	0.4700	0.5200	0.5900
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	8.72	10.3	3.68	2.24	3.28	1.46	3.2	3.1
Capex / Sales	8.72%	10.13%	3.82%	2.14%	2.54%	1.14%	1.78%	1.54%
Announcement Date	2/25/19	2/24/20	2/26/21	2/21/22	2/21/23	2/27/24	-	-

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

Ratings for Lee Swee Kiat Group

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.915 MYR

Average target price

1.293 MYR

Spread / Average Target

+41.35%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Home Furnishings

	1st Jan change	Capi.
LEE SWEE KIAT GROUP	+12.27%	32.19M
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LOCTEK ERGONOMIC TECHNOLOGY CORP.	+0.50%	777M
SHANGHAI SHUIXING HOME TEXTILE CO., LTD.	+16.41%	598M
DER FUTURE SCIENCE AND TECHNOLOGY HOLDING GROUP CO., LTD.	-20.29%	443M
ZHEJIANG ZHENGTE CO., LTD.	-14.61%	316M
DONGGUAN HUALI INDUSTRIES CO.,LTD	-1.99%	323M
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Other Home Furnishings