Financials Master-Pack Group

Equities

MASTER

MYL7029OO001

Paper Packaging

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
3.9 MYR -1.02% Intraday chart for Master-Pack Group +5.41% +28.71%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 31.41 136.6 107.1 91.22 128.4 165.5
Enterprise Value (EV) 1 44.63 131.3 79.59 55.55 76.92 93.63
P/E ratio 5.46 x 8.7 x 9.5 x 6.31 x 5.88 x 6.72 x
Yield 2.61% 0.8% 2.04% 2.4% 4.26% 3.96%
Capitalization / Revenue 0.22 x 0.67 x 0.75 x 0.59 x 0.8 x 0.99 x
EV / Revenue 0.31 x 0.64 x 0.56 x 0.36 x 0.48 x 0.56 x
EV / EBITDA 3.42 x 6.23 x 5.14 x 2.68 x 2.82 x 3.06 x
EV / FCF 10.1 x 8.7 x 3.5 x 8.14 x 5.2 x 4.73 x
FCF Yield 9.91% 11.5% 28.6% 12.3% 19.2% 21.1%
Price to Book 0.34 x 1.29 x 0.94 x 0.72 x 0.9 x 0.98 x
Nbr of stocks (in thousands) 54,620 54,620 54,620 54,620 54,620 54,620
Reference price 2 0.5750 2.500 1.960 1.670 2.350 3.030
Announcement Date 4/19/19 5/27/20 4/27/21 4/22/22 4/19/23 4/23/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 145.6 204.6 141.9 154 161 166.5
EBITDA 1 13.05 21.07 15.5 20.69 27.25 30.65
EBIT 1 9.391 18.63 12.9 18.1 24.64 27.13
Operating Margin 6.45% 9.11% 9.09% 11.75% 15.3% 16.29%
Earnings before Tax (EBT) 1 8.231 17.62 12.79 18.23 25.16 28.27
Net income 1 5.756 15.7 11.28 14.46 21.84 24.61
Net margin 3.95% 7.67% 7.95% 9.39% 13.57% 14.78%
EPS 2 0.1054 0.2873 0.2064 0.2647 0.3998 0.4506
Free Cash Flow 1 4.425 15.09 22.76 6.821 14.8 19.8
FCF margin 3.04% 7.37% 16.04% 4.43% 9.19% 11.89%
FCF Conversion (EBITDA) 33.9% 71.62% 146.85% 32.97% 54.32% 64.61%
FCF Conversion (Net income) 76.88% 96.13% 201.86% 47.19% 67.77% 80.45%
Dividend per Share 2 0.0150 0.0200 0.0400 0.0400 0.1000 0.1200
Announcement Date 4/19/19 5/27/20 4/27/21 4/22/22 4/19/23 4/23/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 13.2 - - - - -
Net Cash position 1 - 5.23 27.5 35.7 51.4 71.9
Leverage (Debt/EBITDA) 1.013 x - - - - -
Free Cash Flow 1 4.43 15.1 22.8 6.82 14.8 19.8
ROE (net income / shareholders' equity) 6.9% 15.9% 10.3% 12.1% 16.2% 15.7%
ROA (Net income/ Total Assets) 4.87% 8.42% 5.65% 7.54% 9.38% 9.18%
Assets 1 118.1 186.4 199.7 191.7 232.8 268.2
Book Value Per Share 2 1.670 1.940 2.080 2.310 2.620 3.100
Cash Flow per Share 2 0.1500 0.4200 0.7000 0.8100 1.020 1.400
Capex 1 2.08 0.84 2.63 1.69 1.79 7.53
Capex / Sales 1.43% 0.41% 1.85% 1.1% 1.11% 4.52%
Announcement Date 4/19/19 5/27/20 4/27/21 4/22/22 4/19/23 4/23/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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