Financials Power Root

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.66 ^MYR	0.00%		+1.22%	-4.60%

Mar. 29	Power Root Repurchases Shares	MT
Mar. 05	Power Root Declares Third Interim Dividend	MT

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	500.3	780.1	726.7	567.7	903.1	764.6	-	-
Enterprise Value (EV) ¹	462.1	677.3	641.3	567.7	857.9	685.8	665.5	669.6
P/E ratio	18.4 x	15.8 x	27.3 x	22.3 x	15.4 x	17.7 x	14.6 x	13.2 x
Yield	6.3%	4.21%	3.49%	3.6%	5.54%	4.88%	5.58%	6.02%
Capitalization / Revenue	1.48 x	2.02 x	2.35 x	1.63 x	1.98 x	1.87 x	1.74 x	1.54 x
EV / Revenue	1.37 x	1.75 x	2.07 x	1.63 x	1.88 x	1.68 x	1.52 x	1.35 x
EV / EBITDA	11.9 x	11.9 x	16.5 x	14.8 x	10.8 x	11.5 x	9.33 x	8.26 x
EV / FCF	14 x	8.32 x	37.4 x	35 x	58.1 x	9.47 x	17.2 x	-
FCF Yield	7.12%	12%	2.68%	2.86%	1.72%	10.6%	5.8%	-
Price to Book	2.29 x	3.01 x	2.71 x	2.13 x	3.12 x	2.27 x	2.23 x	2.1 x
Nbr of stocks (in thousands)	393,947	410,568	422,506	417,438	426,005	460,572	-	-
Reference price ²	1.270	1.900	1.720	1.360	2.120	1.660	1.660	1.660
Announcement Date	5/28/19	5/28/20	5/28/21	5/31/22	5/25/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: März	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	338	386.1	309.2	347.9	455.8	409.3	439	495.6
EBITDA ¹	38.83	56.92	38.96	38.47	79.58	59.7	71.35	81.1
EBIT ¹	33.07	50.81	32.14	31.48	70.88	52.33	61	71.1
Operating Margin	9.78%	13.16%	10.39%	9.05%	15.55%	12.79%	13.89%	14.34%
Earnings before Tax (EBT) ¹	37.08	62.78	34.65	31.99	71.06	53.23	62.9	72.65
Net income ¹	28.01	51.38	28.1	26.2	59.35	42.8	51.03	58.2
Net margin	8.29%	13.31%	9.09%	7.53%	13.02%	10.46%	11.62%	11.74%
EPS ²	0.0690	0.1200	0.0630	0.0610	0.1380	0.0937	0.1137	0.1255
Free Cash Flow ¹	32.92	81.36	17.16	16.24	14.78	72.4	38.6	-
FCF margin	9.74%	21.07%	5.55%	4.67%	3.24%	17.69%	8.79%	-
FCF Conversion (EBITDA)	84.77%	142.93%	44.03%	42.22%	18.57%	121.27%	54.1%	-
FCF Conversion (Net income)	117.53%	158.36%	61.05%	61.99%	24.9%	169.16%	75.64%	-
Dividend per Share ²	0.0800	0.0800	0.0600	0.0490	0.1175	0.0810	0.0927	0.1000
Announcement Date	5/28/19	5/28/20	5/28/21	5/31/22	5/25/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	38.2	103	85.4	-	45.2	78.8	99.1	95
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	32.9	81.4	17.2	16.2	14.8	72.4	38.6	-
ROE (net income / shareholders' equity)	13.1%	21.8%	10.8%	9.85%	21.3%	13.3%	15.2%	16.7%
ROA (Net income/ Total Assets)	8.14%	14.5%	7.75%	7.13%	14.4%	-	-	-
Assets ¹	344	353.5	362.6	367.5	412.2	-	-	-
Book Value Per Share ²	0.5600	0.6300	0.6300	0.6400	0.6800	0.7300	0.7400	0.7900
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	8.7	7.74	26.3	5.71	21.6	11.7	11.7	11.7
Capex / Sales	2.57%	2%	8.52%	1.64%	4.74%	2.86%	2.66%	2.36%
Announcement Date	5/28/19	5/28/20	5/28/21	5/31/22	5/25/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.66 MYR

Average target price

1.7 MYR

Spread / Average Target

+2.41%

	1st Jan change	Capi.
POWER ROOT	-4.60%	160M
THE COCA-COLA COMPANY	+4.77%	266B
VARUN BEVERAGES LIMITED	+18.01%	22.74B
CELSIUS HOLDINGS, INC.	+34.19%	17.05B
ARCA CONTINENTAL, S.A.B. DE C.V.	-9.31%	16.6B
COCA-COLA HELLENIC	+11.50%	11.7B
SWIRE PACIFIC LIMITED	-1.51%	10.8B
SUNTORY BEVERAGE & FOOD LIMITED	+8.37%	9.89B
COCA-COLA CONSOLIDATED, INC.	-11.41%	7.71B
COCA-COLA IÇECEK ANONIM SIRKETI	+32.64%	5.46B