Financials Muar Ban Lee Group

Equities

MBL

MYL5152OO003

Industrial Machinery & Equipment

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
0.465 MYR -1.06% Intraday chart for Muar Ban Lee Group -1.06% +4.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 103.3 139 128.8 81.21 103.5 101.3
Enterprise Value (EV) 1 78.46 119.2 130.9 122.2 7.424 81.72
P/E ratio 8.95 x 7.69 x 14.5 x 4.65 x 1.75 x 5.21 x
Yield 2.97% 1.81% - - - -
Capitalization / Revenue 0.66 x 0.82 x 0.6 x 0.24 x 0.26 x 0.36 x
EV / Revenue 0.5 x 0.7 x 0.61 x 0.36 x 0.02 x 0.29 x
EV / EBITDA 3.46 x 3.36 x 6.64 x 5.62 x 0.17 x 2.58 x
EV / FCF 3.62 x 26.2 x -9.27 x 6.23 x 0.19 x -2.1 x
FCF Yield 27.6% 3.82% -10.8% 16% 530% -47.5%
Price to Book 0.83 x 1 x 0.82 x 0.56 x 0.5 x 0.45 x
Nbr of stocks (in thousands) 204,492 201,388 209,365 232,018 227,536 227,536
Reference price 2 0.5050 0.6900 0.6150 0.3500 0.4550 0.4450
Announcement Date 4/29/19 6/29/20 5/28/21 4/27/22 4/27/23 4/24/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 157.2 169.9 216.2 340.6 392.8 279.4
EBITDA 1 22.66 35.5 19.72 21.75 44.27 31.63
EBIT 1 19.38 31.62 15.44 17.5 40.15 28.64
Operating Margin 12.33% 18.61% 7.14% 5.14% 10.22% 10.25%
Earnings before Tax (EBT) 1 18.74 30.72 15.47 25.88 75.26 32.15
Net income 1 12.96 20.71 9.77 17.14 60.19 19.44
Net margin 8.25% 12.19% 4.52% 5.03% 15.32% 6.96%
EPS 2 0.0564 0.0897 0.0423 0.0752 0.2596 0.0854
Free Cash Flow 1 21.69 4.549 -14.12 19.6 39.32 -38.85
FCF margin 13.8% 2.68% -6.53% 5.76% 10.01% -13.91%
FCF Conversion (EBITDA) 95.72% 12.81% - 90.12% 88.83% -
FCF Conversion (Net income) 167.35% 21.96% - 114.35% 65.34% -
Dividend per Share 2 0.0150 0.0125 - - - -
Announcement Date 4/29/19 6/29/20 5/28/21 4/27/22 4/27/23 4/24/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 2.13 41 - -
Net Cash position 1 24.8 19.7 - - 96.1 19.5
Leverage (Debt/EBITDA) - - 0.1078 x 1.885 x - -
Free Cash Flow 1 21.7 4.55 -14.1 19.6 39.3 -38.8
ROE (net income / shareholders' equity) 11% 15.5% 6.92% 12.1% 33.6% 9.21%
ROA (Net income/ Total Assets) 6.94% 9.8% 4.21% 3.81% 7.35% 5.06%
Assets 1 186.6 211.5 231.8 450.4 818.5 384.5
Book Value Per Share 2 0.6100 0.6900 0.7500 0.6300 0.9100 1.000
Cash Flow per Share 2 0.1400 0.1500 0.1000 0.1400 0.5100 0.1400
Capex 1 3.43 4.56 14.9 10.5 6.16 11.2
Capex / Sales 2.18% 2.68% 6.89% 3.09% 1.57% 4%
Announcement Date 4/29/19 6/29/20 5/28/21 4/27/22 4/27/23 4/24/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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