Financials MNRB Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.73 ^MYR	+1.17%		+2.98%	+41.80%

Mar. 01	MNRB Holdings Berhad Appoints Puan Sharmini A/P Perampalam as Chief Financial Officer	CI
Feb. 12	MNRB Proposes to Upsize Islamic Debt Program to MYR420 Million	MT

Fiscal Period: March	2022	2023	2024	2025	2026
Capitalization ¹	845.7	728.3	1,355	-	-
Enterprise Value (EV) ¹	845.7	728.3	1,355	1,355	1,355
P/E ratio	7.4 x	6.08 x	5.64 x	6.92 x	6.11 x
Yield	-	-	2.6%	2.6%	2.6%
Capitalization / Revenue	-	1.58 x	2.13 x	2.63 x	2.55 x
EV / Revenue	-	1.58 x	2.13 x	2.63 x	2.55 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	0.28 x	0.48 x	0.46 x	0.43 x
Nbr of stocks (in thousands)	783,087	783,087	783,087	-	-
Reference price ²	1.080	0.9300	1.730	1.730	1.730
Announcement Date	5/30/22	5/30/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026
Net sales ¹	-	461.5	635	515.9	531.8
EBITDA	-	-	-	-	-
EBIT	-	-	-	-	-
Operating Margin	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	150.1	291.4	237.6	268.1
Net income ¹	114.4	119.8	240.6	195.9	221.2
Net margin	-	25.96%	37.89%	37.97%	41.59%
EPS ²	0.1460	0.1530	0.3070	0.2500	0.2830
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	0.0450	0.0450	0.0450
Announcement Date	5/30/22	5/30/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	4.75%	9%	6.8%	7.3%
ROA (Net income/ Total Assets)	-	1%	1.9%	1.5%	1.6%
Assets ¹	-	11,982	12,663	13,060	13,825
Book Value Per Share ²	-	3.290	3.600	3.800	4.000
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	5/30/22	5/30/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.73 MYR

Average target price

1.7 MYR

Spread / Average Target

-1.73%

	1st Jan change	Capi.
MNRB HOLDINGS	+41.80%	284M
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GENERAL INSURANCE CORPORATION OF INDIA	+10.73%	7.18B
SCOR SE	+14.89%	5.82B
ENSTAR GROUP LIMITED	-2.06%	4.23B
KOREAN REINSURANCE COMPANY	+13.57%	869M
CENTRAL REINSURANCE CORPORATION	+17.35%	664M
POZAVAROVALNICA SAVA, D.D.	+6.43%	493M
HELIOS UNDERWRITING PLC	+9.84%	154M
VIETNAM NATIONAL REINSURANCE CORPORATION	+2.67%	151M