Projected Income Statement: Scientex

Forecast Balance Sheet: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 884 986 677 - - 1,729 1,724 1,778
Change - 11.54% -31.34% - - - -0.29% 3.13%
Announcement Date 9/29/21 9/29/22 9/20/23 9/24/24 9/17/25 - - -
1MYR in Million
Estimates

Cash Flow Forecast: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 81.38 172.4 123.1 91.66 233.8 122.5 124 125.5
Change - 111.79% -28.58% -25.55% 155.04% -47.6% 1.22% 1.21%
Free Cash Flow (FCF) 1 618.2 565.9 682.9 - - 676 735 789
Change - -8.45% 20.66% - - - 8.73% 7.35%
Announcement Date 9/29/21 9/29/22 9/20/23 9/24/24 9/17/25 - - -
1MYR in Million
Estimates

Forecast Financial Ratios: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 19.34% 16.86% 17.5% 19.41% 19.48% 19% 19.48% 19.66%
EBIT Margin (%) 16.42% 14.08% 14.46% 16.46% 16.43% 17.09% 17.14% 17.31%
EBT Margin (%) 16.44% 13.76% 13.95% 16.29% 16.27% 16.09% 16.29% 16.62%
Net margin (%) 12.51% 10.28% 10.75% 12.18% 11.75% 11.97% 12.17% 12.39%
FCF margin (%) 16.91% 14.2% 16.75% - - 13.71% 14.03% 14.65%
FCF / Net Income (%) 135.2% 138.07% 155.85% - - 114.57% 115.29% 118.21%

Profitability

        
ROA 9.43% 7.75% 7.98% 9.35% 7.46% 7% 6.9% -
ROE 16.76% 13.65% 13.48% 15.21% 13.44% 13.92% 14.32% 14.17%

Financial Health

        
Leverage (Debt/EBITDA) 1.25x 1.47x 0.95x - - 1.85x 1.69x 1.68x
Debt / Free cash flow 1.43x 1.74x 0.99x - - 2.56x 2.35x 2.25x

Capital Intensity

        
CAPEX / Current Assets (%) 2.23% 4.33% 3.02% 2.05% 5.17% 2.48% 2.37% 2.33%
CAPEX / EBITDA (%) 11.51% 25.66% 17.26% 10.55% 26.57% 13.08% 12.16% 11.85%
CAPEX / FCF (%) 13.16% 30.46% 18.03% - - 18.12% 16.87% 15.91%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.09 0.09 0.1 0.12 0.12 0.1333 0.1435 0.149
Change - 0% 11.11% 20% 0% 11.11% 7.63% 3.83%
Book Value Per Share 1 1.867 2 2.19 2.43 2.65 2.907 3.207 3.515
Change - 7.1% 9.5% 10.96% 9.05% 9.69% 10.32% 9.62%
EPS 1 0.295 0.2643 0.2825 0.3515 0.3413 0.3801 0.4109 0.4285
Change - -10.41% 6.89% 24.42% -2.9% 11.36% 8.12% 4.27%
Nbr of stocks (in thousands) 1,550,656 1,551,000 1,551,064 1,551,268 1,556,268 1,556,277 1,556,277 1,556,277
Announcement Date 9/29/21 9/29/22 9/20/23 9/24/24 9/17/25 - - -
1MYR
Estimates
2026 *2027 *
P/E 9.79x 9.05x
PBR 1.28x 1.16x
EV / Sales 1.52x 1.43x
Yield 3.58% 3.86%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
3.720MYR
Average target price
4.153MYR
Spread / Average Target
+11.64%

Annual profits - Rate of surprise