PPB GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.9 MYR | +0.13% |
|
+1.02% | +9.81% |
| Mar. 19 | PPB Group's Chemquest Unit Seeks Strike-Off in Singapore | MT |
| Feb. 28 | PPB Group Berhad Proposes Final Dividend for Financial Year End 31 Dec 2023, Payable on Payment Date 07 Jun 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,802 | 26,347 | 24,326 | 24,810 | 20,599 | 22,619 | - | - |
| Enterprise Value (EV) 1 | 25,953 | 24,926 | 24,326 | 24,570 | 19,403 | 21,136 | 20,552 | 22,619 |
| P/E ratio | 23.3 x | 20 x | 16.3 x | 11.3 x | 14.8 x | 14.8 x | 13 x | 11.9 x |
| Yield | 1.65% | 1.62% | 2.05% | 2.29% | 2.9% | 2.59% | 2.83% | 3.46% |
| Capitalization / Revenue | 5.72 x | 6.29 x | 5.01 x | 3.96 x | 3.6 x | 3.83 x | 3.62 x | 3.45 x |
| EV / Revenue | 5.54 x | 5.95 x | 5.01 x | 3.93 x | 3.39 x | 3.58 x | 3.29 x | 3.45 x |
| EV / EBITDA | 58.5 x | 86.1 x | 151 x | 74.3 x | 45.9 x | 46 x | 39.2 x | 37.2 x |
| EV / FCF | - | - | - | -1,003 x | - | 83.2 x | 822 x | - |
| FCF Yield | - | - | - | -0.1% | - | 1.2% | 0.12% | - |
| Price to Book | 1.25 x | 1.15 x | 1 x | 0.96 x | 0.76 x | 0.8 x | 0.77 x | 0.74 x |
| Nbr of stocks (in thousands) | 1,422,599 | 1,422,599 | 1,422,599 | 1,422,599 | 1,422,599 | 1,422,599 | - | - |
| Reference price 2 | 18.84 | 18.52 | 17.10 | 17.44 | 14.48 | 15.90 | 15.90 | 15.90 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,684 | 4,191 | 4,857 | 6,257 | 5,721 | 5,900 | 6,246 | 6,547 |
| EBITDA 1 | 443.5 | 289.5 | 160.8 | 330.6 | 423.1 | 459.4 | 524.1 | 607.7 |
| EBIT 1 | 270.8 | 102.9 | -44.13 | 136.6 | 224.2 | 218.5 | 250.8 | 327.8 |
| Operating Margin | 5.78% | 2.46% | -0.91% | 2.18% | 3.92% | 3.7% | 4.01% | 5.01% |
| Earnings before Tax (EBT) 1 | 1,272 | 1,421 | 1,498 | 2,250 | 1,488 | 1,655 | 1,862 | 2,028 |
| Net income 1 | 1,153 | 1,317 | 1,496 | 2,197 | 1,394 | 1,527 | 1,734 | 1,896 |
| Net margin | 24.61% | 31.43% | 30.8% | 35.11% | 24.37% | 25.88% | 27.77% | 28.96% |
| EPS 2 | 0.8102 | 0.9257 | 1.052 | 1.544 | 0.9801 | 1.072 | 1.219 | 1.333 |
| Free Cash Flow 1 | - | - | - | -24.49 | - | 254 | 25 | - |
| FCF margin | - | - | - | -0.39% | - | 4.31% | 0.4% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | 55.3% | 4.77% | - |
| FCF Conversion (Net income) | - | - | - | - | - | 16.64% | 1.44% | - |
| Dividend per Share 2 | 0.3100 | 0.3000 | 0.3500 | 0.4000 | 0.4200 | 0.4125 | 0.4500 | 0.5500 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 Q3 |
|---|---|---|
| Net sales | 2,959 | - |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income 1 | 997.8 | 784.8 |
| Net margin | 33.72% | - |
| EPS 2 | - | 0.5516 |
| Dividend per Share | - | - |
| Announcement Date | 8/25/22 | 11/29/22 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 849 | 1,420 | - | 240 | 1,196 | 1,483 | 2,067 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | -24.5 | - | 254 | 25 | - |
| ROE (net income / shareholders' equity) | 5.43% | 5.95% | 6.33% | 8.74% | 5.26% | 5.95% | 6.5% | 6.2% |
| ROA (Net income/ Total Assets) | 4.92% | 5.43% | 5.72% | 7.8% | - | 5.5% | 6.2% | - |
| Assets 1 | 23,425 | 24,232 | 26,140 | 28,165 | - | 27,755 | 27,974 | - |
| Book Value Per Share 2 | 15.10 | 16.00 | 17.20 | 18.20 | 19.10 | 19.90 | 20.60 | 21.40 |
| Cash Flow per Share | 0.2800 | - | - | - | - | - | - | - |
| Capex 1 | 143 | 126 | 222 | 137 | 189 | 200 | 200 | 200 |
| Capex / Sales | 3.05% | 3.02% | 4.57% | 2.19% | 3.3% | 3.39% | 3.2% | 3.05% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/28/24 | - | - | - |
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
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
15.9
MYR
Average target price
17.29
MYR
Spread / Average Target
+8.76%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.81% | 4.74B | |
| -4.93% | 261B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B | |
| -9.29% | 22.65B |
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