NESTLÉ (MALAYSIA) |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 127.2 MYR | +0.16% |
|
+2.58% | +8.16% |
| Feb. 28 | Nestle (Malaysia) Hikes Dividend as Profit Jumps in Q4, Taps Ex-Petronas Chief as Chairman | MT |
| Feb. 27 | Nestlé Berhad Announces Board Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,472 | 32,572 | 31,470 | 32,830 | 27,577 | 29,828 | - | - |
| Enterprise Value (EV) 1 | 34,924 | 32,920 | 31,809 | 33,609 | 28,286 | 30,493 | 30,473 | 30,512 |
| P/E ratio | 51.2 x | 58.9 x | 55.2 x | 52.9 x | 41.8 x | 39.2 x | 37.1 x | 35 x |
| Yield | 1.9% | 1.67% | 1.8% | 1.87% | 2.28% | 2.51% | 2.64% | 2.79% |
| Capitalization / Revenue | 6.25 x | 6.02 x | 5.49 x | 4.93 x | 3.91 x | 4.11 x | 3.93 x | 3.76 x |
| EV / Revenue | 6.33 x | 6.08 x | 5.55 x | 5.04 x | 4.01 x | 4.2 x | 4.02 x | 3.85 x |
| EV / EBITDA | 32.4 x | 35.3 x | 32.4 x | 30.5 x | 24.6 x | 23.6 x | 22.7 x | 21.8 x |
| EV / FCF | 64.3 x | 53.6 x | 51.9 x | 169 x | 30.6 x | 40.1 x | 37.3 x | 32.6 x |
| FCF Yield | 1.55% | 1.87% | 1.93% | 0.59% | 3.27% | 2.49% | 2.68% | 3.07% |
| Price to Book | 51.8 x | 58.5 x | 54 x | 52.4 x | 40.8 x | 44.8 x | 43.1 x | 39.7 x |
| Nbr of stocks (in thousands) | 234,500 | 234,500 | 234,500 | 234,500 | 234,500 | 234,500 | - | - |
| Reference price 2 | 147.0 | 138.9 | 134.2 | 140.0 | 117.6 | 127.2 | 127.2 | 127.2 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,518 | 5,412 | 5,734 | 6,664 | 7,051 | 7,257 | 7,586 | 7,924 |
| EBITDA 1 | 1,079 | 932.5 | 980.3 | 1,101 | 1,150 | 1,294 | 1,345 | 1,401 |
| EBIT 1 | 912 | 756 | 786.1 | 902.9 | 939.3 | 1,071 | 1,140 | 1,204 |
| Operating Margin | 16.53% | 13.97% | 13.71% | 13.55% | 13.32% | 14.76% | 15.03% | 15.2% |
| Earnings before Tax (EBT) 1 | 875.7 | 724.8 | 751.8 | 859.5 | 879.1 | 1,015 | 1,071 | 1,140 |
| Net income 1 | 672.9 | 552.7 | 569.8 | 620.3 | 659.9 | 771.4 | 814.1 | 864.2 |
| Net margin | 12.19% | 10.21% | 9.94% | 9.31% | 9.36% | 10.63% | 10.73% | 10.91% |
| EPS 2 | 2.870 | 2.357 | 2.430 | 2.645 | 2.814 | 3.241 | 3.431 | 3.630 |
| Free Cash Flow 1 | 543 | 614.7 | 612.7 | 199.3 | 923.6 | 760.7 | 816.3 | 936.4 |
| FCF margin | 9.84% | 11.36% | 10.69% | 2.99% | 13.1% | 10.48% | 10.76% | 11.82% |
| FCF Conversion (EBITDA) | 50.31% | 65.93% | 62.51% | 18.1% | 80.28% | 58.78% | 60.68% | 66.86% |
| FCF Conversion (Net income) | 80.7% | 111.22% | 107.54% | 32.13% | 139.97% | 98.61% | 100.27% | 108.36% |
| Dividend per Share 2 | 2.800 | 2.320 | 2.420 | 2.620 | 2.680 | 3.192 | 3.361 | 3.553 |
| Announcement Date | 2/25/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 1,780 | 1,751 |
| EBITDA | - | - | - | - | - |
| EBIT | - | - | - | - | 255.5 |
| Operating Margin | - | - | - | - | 14.59% |
| Earnings before Tax (EBT) | - | - | - | - | 239.8 |
| Net income | 205.2 | 180.9 | 133.7 | - | - |
| Net margin | - | - | - | - | - |
| EPS | 0.8750 | 0.7715 | 0.5702 | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 4/26/22 | 7/27/23 | 10/26/23 | - | - |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 453 | 348 | 339 | 779 | 709 | 665 | 645 | 684 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.4193 x | 0.3736 x | 0.3456 x | 0.7071 x | 0.6161 x | 0.5139 x | 0.4792 x | 0.4883 x |
| Free Cash Flow 1 | 543 | 615 | 613 | 199 | 924 | 761 | 816 | 936 |
| ROE (net income / shareholders' equity) | 102% | 90.5% | 100% | 103% | 101% | 114% | 116% | 113% |
| ROA (Net income/ Total Assets) | 24.1% | 19.8% | 19.5% | 19% | 18.5% | 22.3% | 22.3% | 23.3% |
| Assets 1 | 2,787 | 2,794 | 2,923 | 3,269 | 3,562 | 3,458 | 3,655 | 3,708 |
| Book Value Per Share 2 | 2.840 | 2.380 | 2.480 | 2.670 | 2.880 | 2.840 | 2.950 | 3.200 |
| Cash Flow per Share 2 | 3.100 | 3.880 | 3.780 | 2.180 | 5.440 | 3.970 | 4.170 | 4.360 |
| Capex 1 | 183 | 295 | 275 | 312 | 353 | 312 | 314 | 298 |
| Capex / Sales | 3.32% | 5.44% | 4.79% | 4.69% | 5% | 4.3% | 4.14% | 3.76% |
| Announcement Date | 2/25/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
127.2
MYR
Average target price
128.1
MYR
Spread / Average Target
+0.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.16% | 6.26B | |
| +4.71% | 24.52B | |
| -23.24% | 8.1B | |
| -3.85% | 5.36B | |
| -3.18% | 5.16B | |
| +1.41% | 5.02B | |
| +19.79% | 4.98B | |
| +22.01% | 4.53B | |
| -3.99% | 2.92B | |
| +41.30% | 2.79B |
- Stock Market
- Equities
- NESTLE Stock
- Financials Nestlé (Malaysia)
