Financials Rex International Holding Limited

Equities

Market Closed - Singapore S.E. Other stock markets 05:07:21 2024-04-26 am EDT			5-day change	1st Jan Change
0.133 ^SGD	-2.21%		-3.62%	-27.32%

Apr. 26	Rex International Names New Executive Chairman Amid Board Revamp	MT
Apr. 25	Rex International Holding Limited Announces the Reconstitution of the Board and Board Committees	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	266.6	190.1	397.2	280	238.3	173.2	-	-
Enterprise Value (EV) ¹	266.6	190.1	397.2	249.7	238.3	77.76	102	145.4
P/E ratio	9.8 x	-10 x	4.37 x	-201 x	-	3 x	-3.04 x	-3.36 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	1,416 x	3.06 x	1.85 x	1.23 x	0.86 x	0.53 x	0.7 x	0.95 x
EV / Revenue	1,416 x	3.06 x	1.85 x	1.09 x	0.86 x	0.24 x	0.41 x	0.8 x
EV / EBITDA	10.3 x	-	3.93 x	18.5 x	-5.96 x	1.44 x	1.95 x	2.42 x
EV / FCF	-	6.22 x	-	2.13 x	-	0.59 x	-6.94 x	-3.73 x
FCF Yield	-	16.1%	-	46.9%	-	168%	-14.4%	-26.8%
Price to Book	1.35 x	-	1.57 x	1.18 x	1.68 x	1.66 x	-	-
Nbr of stocks (in thousands)	1,300,703	1,302,321	1,302,321	1,302,321	1,302,321	1,302,321	-	-
Reference price ²	0.2050	0.1460	0.3050	0.2150	0.1830	0.1330	0.1330	0.1330
Announcement Date	2/28/20	2/26/21	2/28/22	3/1/23	2/28/24	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	0.1883	62.2	214.5	228.5	278.7	324.3	245.9	181.4
EBITDA ¹	25.98	-	101.1	13.51	-39.97	53.98	52.25	59.98
EBIT ¹	24.11	-27.75	98.89	11.22	-42.71	21.69	21.56	28.74
Operating Margin	12,803.9%	-44.61%	46.09%	4.91%	-15.32%	6.69%	8.77%	15.85%
Earnings before Tax (EBT) ¹	21.62	-26.81	93.98	-8.869	-76.33	79.93	47.18	22.05
Net income ¹	27.06	-18.95	90.92	-1.342	-86.05	1.73	4.658	15.17
Net margin	14,371.33%	-30.47%	42.38%	-0.59%	-30.87%	0.53%	1.89%	8.36%
EPS ²	0.0209	-0.0145	0.0699	-0.001070	-	0.0444	-0.0438	-0.0396
Free Cash Flow ¹	-	30.55	-	117.2	-	130.8	-14.7	-38.96
FCF margin	-	49.12%	-	51.27%	-	40.33%	-5.98%	-21.48%
FCF Conversion (EBITDA)	-	-	-	867.25%	-	242.27%	-	-
FCF Conversion (Net income)	-	-	-	-	-	7,559.25%	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	2/28/20	2/26/21	2/28/22	3/1/23	2/28/24	-	-	-

¹SGD in Million²SGD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	30.3	-	95.5	71.2	27.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	30.5	-	117	-	131	-14.7	-39
ROE (net income / shareholders' equity)	14.9%	-	42.8%	-0.55%	-45.3%	1.4%	4.2%	12.6%
ROA (Net income/ Total Assets)	9.96%	-	18.2%	-0.16%	-9.97%	0.2%	0.6%	2%
Assets ¹	271.8	-	500.1	819	862.9	865	776.3	758.5
Book Value Per Share ²	0.1500	-	0.1900	0.1800	0.1100	0.0800	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	1.75	0.29	-	-	-	-	-
Capex / Sales	-	2.82%	0.13%	-	-	-	-	-
Announcement Date	2/28/20	2/26/21	2/28/22	3/1/23	2/28/24	-	-	-

¹SGD in Million²SGD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.133 SGD

Average target price

0.2 SGD

Spread / Average Target

+50.38%

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