Financials Petron Malaysia Refining & Marketing

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.92 ^MYR	+1.23%		+0.41%	+8.85%

Feb. 22	Petron Malaysia Refining & Marketing Bhd Recommends Final Single Tier Dividend for the Financial Year Ended December 31, 2023	CI
Feb. 22	Petron Malaysia Refining & Marketing Bhd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2021	2022	2023	2024
Capitalization ¹	1,355	1,183	1,169	1,220	1,328
Enterprise Value (EV) ¹	1,355	1,183	2,068	1,220	1,328
P/E ratio	7.65 x	4.96 x	3.89 x	4.48 x	4.93 x
Yield	2.39%	-	5.77%	5.09%	4.07%
Capitalization / Revenue	0.12 x	-	0.06 x	0.07 x	0.08 x
EV / Revenue	0.12 x	-	0.06 x	0.07 x	0.08 x
EV / EBITDA	3,778,666 x	-	-	-	-
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	0.76 x	-	0.53 x	0.5 x	0.5 x
Nbr of stocks (in thousands)	270,000	270,000	270,000	270,000	270,000
Reference price ²	5.020	4.380	4.330	4.520	4.920
Announcement Date	2/27/20	2/24/22	2/23/23	2/22/24	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024
Net sales ¹	11,457	-	18,350	17,216	16,200
EBITDA	358.7	-	-	-	-
EBIT ¹	264.9	-	317.8	349.3	575
Operating Margin	2.31%	-	1.73%	2.03%	3.55%
Earnings before Tax (EBT) ¹	239.3	-	300.9	367.7	355
Net income ¹	177.1	238.5	300.6	272.1	269
Net margin	1.55%	-	1.64%	1.58%	1.66%
EPS ²	0.6560	0.8830	1.113	1.008	0.9980
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	0.1200	-	0.2500	0.2300	0.2000
Announcement Date	2/27/20	2/24/22	2/23/23	2/22/24	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024
Net Debt	-	-	899	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	10.3%	-	14.4%	11.7%	-
ROA (Net income/ Total Assets)	-	-	6.64%	-	-
Assets ¹	-	-	4,530	-	-
Book Value Per Share ²	6.610	-	8.210	8.970	9.900
Cash Flow per Share	-	-	-	-	-
Capex	514	-	-	-	-
Capex / Sales	4.48%	-	-	-	-
Announcement Date	2/27/20	2/24/22	2/23/23	2/22/24	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4.92 MYR

Average target price

4.74 MYR

Spread / Average Target

-3.66%

	1st Jan change	Capi.
PETRON MALAYSIA REFINING & MARKETING	+8.85%	279M
RELIANCE INDUSTRIES LTD	+12.39%	221B
CHINA PETROLEUM & CHEMICAL CORPORATION	+17.36%	103B
MARATHON PETROLEUM CORPORATION	+33.72%	71.49B
PHILLIPS 66	+13.72%	64.2B
VALERO ENERGY CORPORATION	+27.54%	54.22B
IMPERIAL OIL LIMITED	+27.93%	37.8B
INDIAN OIL CORPORATION LIMITED	+32.11%	28.33B
FORMOSA PETROCHEMICAL CORPORATION	-11.77%	20.79B
REPSOL S.A.	+9.44%	19.12B