Financials Leong Hup International

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.575 ^MYR	+1.77%		+2.68%	+1.77%

Feb. 27	Leong Hup International Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI
2023	Leong Hup International to Pay Dividend as Q3 Profit Jumps	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	3,212	2,500	1,916	1,807	2,099	2,099	-
Enterprise Value (EV) ¹	4,948	4,538	4,449	4,177	4,000	4,411	4,124
P/E ratio	20.8 x	22.1 x	22.4 x	8.25 x	6.83 x	7.96 x	7.51 x
Yield	1.82%	0.8%	-	-	5.31%	3.41%	3.94%
Capitalization / Revenue	0.53 x	0.41 x	0.27 x	0.2 x	0.22 x	0.22 x	0.21 x
EV / Revenue	0.82 x	0.75 x	0.62 x	0.46 x	0.42 x	0.47 x	0.42 x
EV / EBITDA	7.61 x	8.37 x	8.3 x	5.46 x	3.83 x	4.91 x	4.48 x
EV / FCF	18.2 x	-74.5 x	-15.2 x	12.3 x	5.18 x	92.7 x	10.4 x
FCF Yield	5.49%	-1.34%	-6.58%	8.12%	19.3%	1.08%	9.61%
Price to Book	1.91 x	1.46 x	1.06 x	0.9 x	0.92 x	0.87 x	0.8 x
Nbr of stocks (in thousands)	3,650,000	3,650,000	3,650,000	3,650,000	3,650,000	3,650,000	-
Reference price ²	0.8800	0.6850	0.5250	0.4950	0.5750	0.5750	0.5750
Announcement Date	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	5,747	6,055	6,041	7,154	9,043	9,540	9,420	9,795
EBITDA ¹	654.6	650.5	542	536.1	765.3	1,043	898.4	920.7
EBIT ¹	-	425	282.6	252.3	464	724	597.1	615.5
Operating Margin	-	7.02%	4.68%	3.53%	5.13%	7.59%	6.34%	6.28%
Earnings before Tax (EBT) ¹	-	288.8	157.1	140.3	326.6	554.7	443.9	472.8
Net income ¹	186.2	150.6	113.1	85.4	218.9	301.7	266.5	281
Net margin	3.24%	2.49%	1.87%	1.19%	2.42%	3.16%	2.83%	2.87%
EPS ²	0.0548	0.0423	0.0310	0.0234	0.0600	0.0827	0.0722	0.0766
Free Cash Flow ¹	-	271.5	-60.95	-292.5	339.4	771.7	47.6	396.3
FCF margin	-	4.48%	-1.01%	-4.09%	3.75%	8.09%	0.51%	4.05%
FCF Conversion (EBITDA)	-	41.73%	-	-	44.34%	73.96%	5.3%	43.04%
FCF Conversion (Net income)	-	180.29%	-	-	155.03%	255.75%	17.86%	141.02%
Dividend per Share ²	-	0.0160	0.005500	-	-	0.0300	0.0196	0.0227
Announcement Date	4/25/19	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	1,736	2,038	2,533	2,370	1,938	2,312	2,025
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.668 x	3.76 x	4.724 x	3.097 x	1.857 x	2.574 x	2.2 x
Free Cash Flow ¹	-	271	-60.9	-293	339	772	47.6	396
ROE (net income / shareholders' equity)	-	10.2%	6.75%	4.86%	11.5%	14.2%	11.5%	11.1%
ROA (Net income/ Total Assets)	-	2.94%	2.04%	1.42%	3.39%	4.6%	3.57%	3.67%
Assets ¹	-	5,122	5,552	6,014	6,461	6,559	7,473	7,664
Book Value Per Share ²	-	0.4600	0.4700	0.4900	0.5500	0.6100	0.6600	0.7200
Cash Flow per Share	-	0.1800	0.1200	0.0100	-	-	-	-
Capex ¹	364	404	484	333	286	221	290	290
Capex / Sales	6.33%	6.67%	8.01%	4.65%	3.16%	2.32%	3.08%	2.96%
Announcement Date	4/25/19	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.575 MYR

Average target price

0.8167 MYR

Spread / Average Target

+42.03%

	1st Jan change	Capi.
LEONG HUP INTERNATIONAL	+1.77%	440M
QL RESOURCES	+12.78%	3.29B
ROS AGRO PLC	-95.58%	1.61B
SLC AGRÍCOLA S.A.	-0.48%	1.61B
GODREJ AGROVET LIMITED	-2.99%	1.25B
FRESH DEL MONTE PRODUCE INC.	-2.40%	1.22B
CHERKIZOVO GROUP	-.--%	1.22B
SILDARVINNSLAN HF.	-11.54%	1.21B
SHENZHEN KINGKEY SMART AGRICULTURE TIMES CO.,LTD	-10.44%	1.2B
PT FAP AGRI TBK	0.00%	1.19B