Financials Reach Energy

Equities

REACH

MYL5256OO002

Oil & Gas Exploration and Production

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.03 MYR 0.00% Intraday chart for Reach Energy 0.00% -25.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 449.5 323.4 180.9 109.6 65.78 49.34
Enterprise Value (EV) 1 1,027 874.7 782.9 757.5 786.5 757.6
P/E ratio -5.12 x -7.38 x -1.38 x -0.83 x -1.2 x -0.31 x
Yield - - - - - -
Capitalization / Revenue 2.86 x 1.47 x 1.06 x 1.38 x 0.44 x 0.29 x
EV / Revenue 6.54 x 3.97 x 4.58 x 9.52 x 5.22 x 4.47 x
EV / EBITDA 47 x 13.9 x -112 x -82.1 x 23.1 x 540 x
EV / FCF -16.4 x -39.2 x -29.2 x 16.6 x -59.2 x -75 x
FCF Yield -6.11% -2.55% -3.42% 6.04% -1.69% -1.33%
Price to Book 0.68 x 0.47 x 0.38 x 0.31 x 0.22 x 0.27 x
Nbr of stocks (in thousands) 1,096,413 1,096,413 1,096,413 1,096,413 1,096,413 1,096,413
Reference price 2 0.4100 0.2950 0.1650 0.1000 0.0600 0.0450
Announcement Date 4/30/18 3/26/19 6/30/20 5/24/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 157.1 220.3 170.8 79.54 150.7 169.5
EBITDA 1 21.84 63 -7.021 -9.231 34.07 1.404
EBIT 1 -42.4 3.159 -97.73 -194.9 -42.13 -142.9
Operating Margin -26.99% 1.43% -57.21% -245.01% -27.96% -84.3%
Earnings before Tax (EBT) 1 -121.7 -38.71 -193.1 -247 -74.9 -224.1
Net income 1 -87.84 -41.73 -128.4 -128.7 -53.41 -157.2
Net margin -55.91% -18.94% -75.17% -161.79% -35.44% -92.76%
EPS 2 -0.0801 -0.0400 -0.1200 -0.1200 -0.0500 -0.1434
Free Cash Flow 1 -62.73 -22.31 -26.8 45.76 -13.28 -10.1
FCF margin -39.93% -10.13% -15.69% 57.54% -8.81% -5.96%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/30/18 3/26/19 6/30/20 5/24/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 577 551 602 648 721 708
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 26.43 x 8.749 x -85.74 x -70.18 x 21.15 x 504.5 x
Free Cash Flow 1 -62.7 -22.3 -26.8 45.8 -13.3 -10.1
ROE (net income / shareholders' equity) -15.9% -6.62% -23.6% -33.9% -18.5% -74.5%
ROA (Net income/ Total Assets) -1.48% 0.12% -3.84% -8.67% -1.97% -6.64%
Assets 1 5,954 -35,094 3,341 1,485 2,711 2,367
Book Value Per Share 2 0.6000 0.6300 0.4400 0.3300 0.2800 0.1700
Cash Flow per Share 2 0.0300 0.0400 0.0300 0 0.0400 0.0100
Capex 1 11.2 35 36.8 15.2 59.4 52.1
Capex / Sales 7.11% 15.89% 21.55% 19.05% 39.43% 30.77%
Announcement Date 4/30/18 3/26/19 6/30/20 5/24/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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  4. Financials Reach Energy