Financials Spritzer

Equities

SPRITZER

MYL7103OO004

Non-Alcoholic Beverages

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.35 MYR -1.67% Intraday chart for Spritzer +4.44% +28.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 440.9 472.4 413.6 440.9 463.7 750.4 750.4 -
Enterprise Value (EV) 1 440.9 472.4 413.6 440.9 458.1 548.6 719.2 711.4
P/E ratio 18.2 x 15.4 x 11.8 x 18.7 x 13.1 x 12.1 x 14.3 x 13.6 x
Yield 1.67% 2% 2.28% 2.14% 2.82% 3.01% 2.36% 2.37%
Capitalization / Revenue 1.27 x 1.26 x 1.34 x 1.33 x 1.07 x 1.18 x 1.45 x 1.38 x
EV / Revenue 1.27 x 1.26 x 1.34 x 1.33 x 1.06 x 1.12 x 1.39 x 1.31 x
EV / EBITDA 13.8 x 8.14 x - 8.82 x 6.99 x 6.11 x 7.58 x 7.07 x
EV / FCF 64,079,932 x -15,217,565 x - - - - - -
FCF Yield 0% -0% - - - - - -
Price to Book 1.13 x 1.14 x - - 1.22 x 1.1 x 1.35 x 1.24 x
Nbr of stocks (in thousands) 314,953 314,953 314,953 314,953 313,304 319,302 319,302 -
Reference price 2 1.400 1.500 1.313 1.400 1.480 2.350 2.350 2.350
Announcement Date 2/26/19 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 347.7 374.4 308.4 331 433.3 490.7 518 542.3
EBITDA 1 31.85 58.04 - 50 65.56 89.8 94.87 100.6
EBIT 1 - 42 35.2 30.87 46.06 67.54 70.1 71.25
Operating Margin - 11.22% 11.41% 9.33% 10.63% 13.76% 13.53% 13.14%
Earnings before Tax (EBT) 1 33.86 41.3 34.64 30.34 45.2 65.92 68.53 71.63
Net income 1 24.22 31.25 35.66 24.24 36.96 49.49 52.1 54.67
Net margin 6.97% 8.35% 11.56% 7.32% 8.53% 10.09% 10.06% 10.08%
EPS 2 0.0769 0.0971 0.1109 0.0747 0.1133 0.1518 0.1643 0.1723
Free Cash Flow 6.881 -31.04 - - - - - -
FCF margin 1.98% -8.29% - - - - - -
FCF Conversion (EBITDA) 21.61% - - - - - - -
FCF Conversion (Net income) 28.4% - - - - - - -
Dividend per Share 2 0.0233 0.0300 0.0300 0.0300 0.0417 0.0550 0.0555 0.0557
Announcement Date 2/26/19 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 7.622 11.43
Net margin - -
EPS 2 0.0235 0.0348
Dividend per Share - -
Announcement Date 8/29/22 11/28/22
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 5.6 30.2 31.2 39
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 6.88 -31 - - - - - -
ROE (net income / shareholders' equity) 6.33% 7.77% - 5.35% 7.73% 12.9% 9.5% 9.1%
ROA (Net income/ Total Assets) - - - - 6.38% 10.2% 7.5% 7.4%
Assets 1 - - - - 579.5 483.7 694.7 738.7
Book Value Per Share 2 1.240 1.320 - - 1.210 1.670 1.740 1.900
Cash Flow per Share - - - - - - - -
Capex 1 27.5 63.6 - - 103 78 20 20
Capex / Sales 7.9% 16.99% - - 23.72% 15.91% 3.86% 3.69%
Announcement Date 2/26/19 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2.35 MYR
Average target price
2.192 MYR
Spread / Average Target
-6.70%
Consensus

Annual profits - Rate of surprise