Financials Rimbunan Sawit

Equities

RSAWIT

MYL5113OO005

Food Processing

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.255 MYR +2.00% Intraday chart for Rimbunan Sawit +8.51% +70.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 736.6 296.5 822.6 710.2 418.6 336.9
Enterprise Value (EV) 1 1,318 831.7 1,328 1,118 788 674.8
P/E ratio -6.04 x -2.37 x -17 x -13 x -64.1 x -829 x
Yield - - - - - -
Capitalization / Revenue 2.27 x 0.88 x 2.89 x 1.84 x 0.77 x 0.5 x
EV / Revenue 4.06 x 2.46 x 4.66 x 2.9 x 1.46 x 1 x
EV / EBITDA 29.9 x -34 x 48 x 46.4 x 12.1 x 10.6 x
EV / FCF -11 x 8.65 x -29.5 x 21 x 18.6 x 18 x
FCF Yield -9.08% 11.6% -3.39% 4.77% 5.38% 5.54%
Price to Book 1.38 x 0.74 x 2.34 x 1.47 x 1.09 x 0.88 x
Nbr of stocks (in thousands) 1,913,118 1,913,118 1,913,118 2,536,353 2,041,722 2,041,722
Reference price 2 0.3850 0.1550 0.4300 0.2800 0.2050 0.1650
Announcement Date 4/26/18 4/30/19 6/30/20 4/30/21 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 1 324.4 338.7 284.7 385.5 541.5 675.9
EBITDA 1 44.12 -24.46 27.65 24.1 65.19 63.88
EBIT 1 -34.2 -92.93 -36.06 -37.57 4.848 2.125
Operating Margin -10.54% -27.44% -12.67% -9.75% 0.9% 0.31%
Earnings before Tax (EBT) 1 -164.4 -184.1 -68.81 -47.01 2.909 5.991
Net income 1 -130.2 -133.5 -51.57 -44.12 -6.532 -0.3298
Net margin -40.14% -39.43% -18.11% -11.45% -1.21% -0.05%
EPS 2 -0.0638 -0.0654 -0.0253 -0.0216 -0.003199 -0.000199
Free Cash Flow 1 -119.6 96.16 -45.02 53.37 42.41 37.42
FCF margin -36.87% 28.39% -15.81% 13.85% 7.83% 5.54%
FCF Conversion (EBITDA) - - - 221.42% 65.05% 58.57%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/30/19 6/30/20 4/30/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 581 535 505 408 369 338
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 13.17 x -21.88 x 18.28 x 16.93 x 5.667 x 5.29 x
Free Cash Flow 1 -120 96.2 -45 53.4 42.4 37.4
ROE (net income / shareholders' equity) -21.9% -26.6% -13.8% -14.2% -1.92% -1.63%
ROA (Net income/ Total Assets) -1.39% -4.33% -1.93% -2.31% 0.34% 0.15%
Assets 1 9,347 3,083 2,668 1,911 -1,940 -215.9
Book Value Per Share 2 0.2800 0.2100 0.1800 0.1900 0.1900 0.1900
Cash Flow per Share 2 0 0 0 0 0 0
Capex 1 41.6 67.3 13.7 7.53 16.1 25.4
Capex / Sales 12.81% 19.87% 4.81% 1.95% 2.98% 3.75%
Announcement Date 4/26/18 4/30/19 6/30/20 4/30/21 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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