Financials Nanofilm Technologies International Limited

Equities

MZH

SGXE61652363

Specialty Chemicals

Market Closed - Singapore S.E. 05:07:13 2024-04-29 am EDT 5-day change 1st Jan Change
0.66 SGD +1.54% Intraday chart for Nanofilm Technologies International Limited +8.20% -27.87%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,897 2,520 913.8 592.1 423.2 - -
Enterprise Value (EV) 1 2,712 2,418 792.3 465 342.1 337 329.5
P/E ratio 41.8 x 40.8 x 20.9 x 191 x 19 x 13 x 10.5 x
Yield - 0.52% 1.58% - 1.33% 2.58% 1.66%
Capitalization / Revenue 13.3 x 10.2 x 3.85 x 3.34 x 2.07 x 1.72 x 1.53 x
EV / Revenue 12.4 x 9.8 x 3.34 x 2.63 x 1.67 x 1.37 x 1.19 x
EV / EBITDA 28 x 25.3 x 9.84 x 11.8 x 5.82 x 4.4 x 3.95 x
EV / FCF -131 x -76.4 x 36.6 x -46.4 x 18.8 x 18.8 x 12.6 x
FCF Yield -0.76% -1.31% 2.73% -2.16% 5.32% 5.31% 7.97%
Price to Book 6.72 x 5.87 x 2.18 x 1.56 x 1.07 x 1.02 x 0.96 x
Nbr of stocks (in thousands) 658,400 659,688 657,398 647,056 651,012 - -
Reference price 2 4.400 3.820 1.390 0.9150 0.6500 0.6500 0.6500
Announcement Date 2/26/21 2/23/22 2/21/23 2/26/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 218.3 246.7 237.4 177 204.4 245.8 276.9
EBITDA 1 - 96.94 95.73 80.5 39.4 58.82 76.57 83.31
EBIT 1 - 77.41 69.89 49.62 4.946 24.26 37.89 45.38
Operating Margin - 35.45% 28.33% 20.9% 2.79% 11.87% 15.41% 16.39%
Earnings before Tax (EBT) 1 - 70.28 69.86 46.12 3.143 24.93 37.29 44.95
Net income 1 35.76 57.62 62.2 43.81 3.135 21.9 32.65 40
Net margin - 26.39% 25.21% 18.45% 1.77% 10.71% 13.28% 14.44%
EPS 2 0.0652 0.1053 0.0937 0.0664 0.004800 0.0342 0.0500 0.0620
Free Cash Flow 1 - -20.62 -31.67 21.64 -10.02 18.22 17.9 26.25
FCF margin - -9.45% -12.84% 9.12% -5.66% 8.91% 7.28% 9.48%
FCF Conversion (EBITDA) - - - 26.89% - 30.97% 23.37% 31.51%
FCF Conversion (Net income) - - - 49.41% - 83.17% 54.81% 65.63%
Dividend per Share 2 - - 0.0200 0.0220 - 0.008640 0.0168 0.0108
Announcement Date 10/16/20 2/26/21 2/23/22 2/21/23 2/26/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2023 S1
Net sales 1 96.63 - 73.15
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 - 44.32 -7.649
Net margin - - -10.46%
EPS 0.0268 - -
Dividend per Share - - -
Announcement Date 8/13/21 2/23/22 8/10/23
1SGD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 185 102 121 127 81.1 86.1 93.7
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - -20.6 -31.7 21.6 -10 18.2 17.9 26.3
ROE (net income / shareholders' equity) - 20.9% 14.5% 10.3% 0.79% 5.58% 7.93% 9.02%
ROA (Net income/ Total Assets) - 14.7% 10.4% 6.94% 0.51% 3.35% 4.81% 5.56%
Assets 1 - 391.4 596.9 631.4 619.7 653.9 679.5 719.9
Book Value Per Share 2 - 0.6500 0.6500 0.6400 0.5900 0.6100 0.6400 0.6800
Cash Flow per Share 2 - 0.1100 0.1100 0.1100 0.0600 0.0800 0.0900 0.1000
Capex 1 - 79.6 105 50.8 49.1 44.3 44.8 46.7
Capex / Sales - 36.48% 42.51% 21.39% 27.72% 21.67% 18.24% 16.88%
Announcement Date 10/16/20 2/26/21 2/23/22 2/21/23 2/26/24 - - -
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
0.65 SGD
Average target price
0.6762 SGD
Spread / Average Target
+4.03%
Consensus

Annual profits - Rate of surprise

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