Financials NTPM 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
0.39 ^MYR	0.00%		-1.27%	+2.63%

Mar. 25	NTPM Turns Profitable in Fiscal Q3	MT
Mar. 22	NTPM Holdings Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	CI

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	511	527.8	673.8	499.8	505.4	438	-	-
Enterprise Value (EV) ¹	511	527.8	673.8	499.8	505.4	438	438	438
P/E ratio	56.9 x	78.3 x	-	17.8 x	-90 x	78 x	21.1 x	12 x
Yield	3.52%	3.4%	4%	-	1.78%	2.05%	2.05%	2.05%
Capitalization / Revenue	0.7 x	0.68 x	0.9 x	0.65 x	0.58 x	0.48 x	0.45 x	0.42 x
EV / Revenue	0.7 x	0.68 x	0.9 x	0.65 x	0.58 x	0.48 x	0.45 x	0.42 x
EV / EBITDA	-	7.01 x	5.46 x	5.09 x	7.59 x	5.41 x	4.7 x	3.92 x
EV / FCF	-	-	-	-	-19.1 x	7 x	5.87 x	5.35 x
FCF Yield	-	-	-	-	-5.22%	14.3%	17%	18.7%
Price to Book	-	1.18 x	1.36 x	0.97 x	1 x	0.87 x	0.87 x	0.81 x
Nbr of stocks (in thousands)	1,123,040	1,123,040	1,123,040	1,123,040	1,123,040	1,123,040	-	-
Reference price ²	0.4550	0.4700	0.6000	0.4450	0.4500	0.3900	0.3900	0.3900
Announcement Date	6/26/19	6/29/20	7/23/21	6/28/22	6/26/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	728	778.4	749.7	764.9	868.3	918.4	970.1	1,042
EBITDA ¹	-	75.31	123.4	98.18	66.62	81	93.15	111.6
EBIT ¹	-	35.34	81.56	50.62	14.52	18.3	37.8	67.2
Operating Margin	-	4.54%	10.88%	6.62%	1.67%	1.99%	3.9%	6.45%
Earnings before Tax (EBT) ¹	-	22.4	72.47	43.49	0.174	11.05	27.6	47.45
Net income ¹	8.962	6.295	63.66	28.24	-5.881	5.99	21.19	36.58
Net margin	1.23%	0.81%	8.49%	3.69%	-0.68%	0.65%	2.18%	3.51%
EPS ²	0.008000	0.006000	-	0.0250	-0.005000	0.005000	0.0185	0.0325
Free Cash Flow ¹	-	-	-	-	-26.4	62.53	74.66	81.89
FCF margin	-	-	-	-	-3.04%	6.81%	7.7%	7.86%
FCF Conversion (EBITDA)	-	-	-	-	-	77.2%	80.15%	73.35%
FCF Conversion (Net income)	-	-	-	-	-	1,043.91%	352.34%	223.83%
Dividend per Share ²	0.0160	0.0160	0.0240	-	0.008000	0.008000	0.008000	0.008000
Announcement Date	6/26/19	6/29/20	7/23/21	6/28/22	6/26/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-26.4	62.5	74.7	81.9
ROE (net income / shareholders' equity)	1.96%	1.4%	13.6%	5.58%	-1.14%	0.83%	3.42%	7.86%
ROA (Net income/ Total Assets)	-	-	-	-	-0.55%	-	3.17%	5.35%
Assets ¹	-	-	-	-	1,070	-	668.5	683.8
Book Value Per Share ²	-	0.4000	0.4400	0.4600	0.4500	0.4500	0.4500	0.4800
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	125	58.4	69.4	37.3	17.7	17.2	17.8	19.2
Capex / Sales	17.19%	7.5%	9.25%	4.87%	2.04%	1.88%	1.84%	1.84%
Announcement Date	6/26/19	6/29/20	7/23/21	6/28/22	6/26/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.39 MYR

Average target price

0.44 MYR

Spread / Average Target

+12.82%

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