Financials Spring Art Holdings

Equities

SPRING

MYQ0216OO000

Home Furnishings

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.22 MYR +2.33% Intraday chart for Spring Art Holdings +7.32% +4.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022
Capitalization 1 108.1 149.6 122.6 74.82
Enterprise Value (EV) 1 81.25 125.2 98.98 74.52
P/E ratio 5.98 x 23 x 21.3 x 34.6 x
Yield 1.92% 1.11% - -
Capitalization / Revenue 1.76 x 2.75 x 2.24 x 1.65 x
EV / Revenue 1.32 x 2.3 x 1.81 x 1.64 x
EV / EBITDA 6.63 x 14.3 x 11.1 x 15.4 x
EV / FCF 9.93 x -1,249 x -74.2 x -3.14 x
FCF Yield 10.1% -0.08% -1.35% -31.9%
Price to Book 1.69 x 2.04 x 1.58 x 0.93 x
Nbr of stocks (in thousands) 415,687 415,687 415,689 415,689
Reference price 2 0.2600 0.3600 0.2950 0.1800
Announcement Date 5/29/20 5/28/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 48.28 50.38 61.43 54.41 54.78 45.32
EBITDA 1 12.22 11.56 12.25 8.737 8.917 4.848
EBIT 1 10.37 9.66 10.53 6.911 6.804 2.706
Operating Margin 21.48% 19.17% 17.13% 12.7% 12.42% 5.97%
Earnings before Tax (EBT) 1 10.14 8.433 10.44 8.263 7.281 2.869
Net income 1 7.86 6.229 8.069 6.502 5.766 2.17
Net margin 16.28% 12.36% 13.13% 11.95% 10.52% 4.79%
EPS 2 15.72 12.45 0.0435 0.0156 0.0139 0.005199
Free Cash Flow 1 1.962 -1.495 8.185 -0.1002 -1.333 -23.74
FCF margin 4.06% -2.97% 13.32% -0.18% -2.43% -52.38%
FCF Conversion (EBITDA) 16.06% - 66.82% - - -
FCF Conversion (Net income) 24.97% - 101.44% - - -
Dividend per Share - - 0.005000 0.004000 - -
Announcement Date 10/16/19 10/16/19 5/29/20 5/28/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 3.11 - - - -
Net Cash position 1 1.7 - 26.8 24.4 23.7 0.3
Leverage (Debt/EBITDA) - 0.2685 x - - - -
Free Cash Flow 1 1.96 -1.5 8.19 -0.1 -1.33 -23.7
ROE (net income / shareholders' equity) 34.4% 19.8% 16.1% 9.46% 7.63% 2.75%
ROA (Net income/ Total Assets) 20.7% 14.2% 9.96% 4.94% 4.42% 1.66%
Assets 1 38.03 43.82 81 131.7 130.4 131
Book Value Per Share 2 53.60 72.10 0.1500 0.1800 0.1900 0.1900
Cash Flow per Share 2 7.090 4.540 0.0100 0.0300 0.0500 0.0300
Capex 1 3.66 7.4 4.07 3.13 1.83 34.6
Capex / Sales 7.58% 14.68% 6.63% 5.75% 3.33% 76.44%
Announcement Date 10/16/19 10/16/19 5/29/20 5/28/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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