Financials P.I.E. Industrial

Equities

PIE

MYL7095OO002

Electrical Components & Equipment

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
5.73 ^MYR	-2.22%		-0.35%	+76.31%

Feb. 23	P.I.E. Industrial Berhad Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 23	P.I.E. Industrial Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	556.9	929.4	1,459	998.5	1,248	2,201	-
Enterprise Value (EV) ¹	556.9	929.4	1,459	998.5	1,248	2,201	2,201
P/E ratio	15.2 x	20.3 x	24.1 x	14.1 x	16.9 x	25.8 x	21.8 x
Yield	3.45%	2.07%	1.32%	2.69%	2.15%	1.22%	1.24%
Capitalization / Revenue	0.84 x	1.35 x	1.42 x	0.86 x	1.03 x	1.62 x	1.25 x
EV / Revenue	0.84 x	1.35 x	1.42 x	0.86 x	1.03 x	1.62 x	1.25 x
EV / EBITDA	9.08 x	12.7 x	15.6 x	9.28 x	11.5 x	17.1 x	14.8 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	1.23 x	1.95 x	2.81 x	1.78 x	2.04 x	3.37 x	2.87 x
Nbr of stocks (in thousands)	384,042	384,042	384,042	384,042	384,042	384,042	-
Reference price ²	1.450	2.420	3.800	2.600	3.250	5.730	5.730
Announcement Date	2/28/20	2/26/21	2/25/22	2/24/23	2/23/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	659.3	686.4	1,025	1,165	1,217	1,357	1,766
EBITDA ¹	61.33	73.04	93.34	107.6	108.7	128.9	149
EBIT ¹	-	55.23	-	83.46	86.27	98.9	127.9
Operating Margin	-	8.05%	-	7.16%	7.09%	7.29%	7.24%
Earnings before Tax (EBT) ¹	45.8	55.22	74.71	82.06	88.98	102.9	124
Net income ¹	36.56	45.82	60.68	70.79	73.74	85.3	101
Net margin	5.54%	6.68%	5.92%	6.08%	6.06%	6.28%	5.72%
EPS ²	0.0952	0.1193	0.1580	0.1843	0.1920	0.2220	0.2630
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.0500	0.0500	0.0500	0.0700	0.0700	0.0700	0.0710
Announcement Date	2/28/20	2/26/21	2/25/22	2/24/23	2/23/24	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	18.83
Net margin	-
EPS ²	0.0490
Dividend per Share	-
Announcement Date	5/20/22

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.32%	9.86%	-	13.1%	12.6%	12.8%	14.7%
ROA (Net income/ Total Assets)	6.46%	7.61%	-	8.25%	8.13%	8.3%	8.7%
Assets ¹	566.2	602.3	-	857.6	907.2	1,028	1,161
Book Value Per Share ²	1.180	1.240	1.350	1.460	1.590	1.700	2.000
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	46.4	-	-	-
Capex / Sales	-	-	-	3.98%	-	-	-
Announcement Date	2/28/20	2/26/21	2/25/22	2/24/23	2/23/24	-	-

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

Ratings for P.I.E. Industrial

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.73 MYR

Average target price

5.325 MYR

Spread / Average Target

-7.07%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Wires & Cables

	1st Jan change	Capi.
P.I.E. INDUSTRIAL	+76.31%	462M
PRYSMIAN S.P.A.	+24.31%	14.91B
NEXANS	+25.17%	4.62B
WALSIN LIHWA CORPORATION	-4.79%	4.55B
ENCORE WIRE CORPORATION	+33.38%	4.5B
KEI INDUSTRIES LIMITED	+19.84%	4.22B
RIYADH CABLES GROUP COMPANY	+2.81%	3.8B
NINGBO ORIENT WIRES & CABLES CO.,LTD.	-8.68%	3.71B
LS CORP.	+37.12%	2.55B
R R KABEL LIMITED	+7.02%	2.27B

Wires & Cables