SUNWAY REAL ESTATE INVESTMENT TRUST |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.54 MYR | 0.00% |
|
+1.32% | 0.00% |
| Feb. 06 | Sunway REIT Seeks Nod to Renew Transactions Mandate | MT |
| Jan. 31 | Sunway REIT Books Revaluation Surplus on Property Portfolio | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,360 | 5,137 | 4,829 | 5,000 | 5,274 | 5,274 | - | - |
| Enterprise Value (EV) 1 | 8,384 | 8,481 | 7,945 | 8,286 | 8,486 | 8,861 | 8,902 | 8,992 |
| P/E ratio | 14 x | 23.4 x | 21.1 x | 15.2 x | 16.5 x | 15.1 x | 14.4 x | 14 x |
| Yield | 5.27% | 4.89% | 5.2% | 6.32% | 6.04% | 6.25% | 6.57% | 6.67% |
| Capitalization / Revenue | 9.24 x | 9.23 x | 7.15 x | 7.68 x | 7.37 x | 7.13 x | 6.89 x | 6.79 x |
| EV / Revenue | 14.4 x | 15.2 x | 11.8 x | 12.7 x | 11.9 x | 12 x | 11.6 x | 11.6 x |
| EV / EBITDA | 20.9 x | 22.4 x | 23.7 x | 19 x | 17.7 x | 17 x | 16.6 x | 15.9 x |
| EV / FCF | -54.5 x | 24.8 x | 61.1 x | 43.8 x | 35.4 x | 14.7 x | 12.9 x | 12.7 x |
| FCF Yield | -1.83% | 4.04% | 1.64% | 2.28% | 2.83% | 6.81% | 7.77% | 7.85% |
| Price to Book | 1.12 x | 0.93 x | 0.96 x | 1 x | 1.02 x | 0.99 x | 0.98 x | 0.93 x |
| Nbr of stocks (in thousands) | 2,945,078 | 3,424,808 | 3,424,808 | 3,424,808 | 3,424,808 | 3,424,808 | - | - |
| Reference price 2 | 1.820 | 1.500 | 1.410 | 1.460 | 1.540 | 1.540 | 1.540 | 1.540 |
| Announcement Date | 8/8/19 | 8/3/20 | 1/28/22 | 2/28/23 | 1/30/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 580.3 | 556.9 | 675.6 | 651.4 | 715.7 | 739.6 | 765.9 | 777.2 |
| EBITDA 1 | 401.2 | 378.7 | 335.2 | 435.8 | 478.8 | 520 | 537.8 | 565 |
| EBIT 1 | 399 | 376.3 | 331.6 | 432.9 | 478.5 | 531.7 | 546.3 | 562.8 |
| Operating Margin | 68.75% | 67.57% | 49.09% | 66.46% | 66.86% | 71.89% | 71.33% | 72.42% |
| Earnings before Tax (EBT) 1 | 394.3 | 207.3 | 194.6 | 332.9 | 339.6 | 355.7 | 371.4 | 381.4 |
| Net income 1 | 386.4 | 208.2 | 221.9 | 328.2 | 319 | 355.6 | 370.8 | 381.9 |
| Net margin | 66.58% | 37.39% | 32.85% | 50.38% | 44.58% | 48.09% | 48.42% | 49.14% |
| EPS 2 | 0.1298 | 0.0640 | 0.0668 | 0.0958 | 0.0932 | 0.1022 | 0.1068 | 0.1101 |
| Free Cash Flow 1 | -153.7 | 342.6 | 130.1 | 189.3 | 240 | 603 | 692 | 706 |
| FCF margin | -26.48% | 61.52% | 19.26% | 29.05% | 33.53% | 81.53% | 90.35% | 90.84% |
| FCF Conversion (EBITDA) | - | 90.48% | 38.81% | 43.43% | 50.11% | 115.96% | 128.68% | 124.96% |
| FCF Conversion (Net income) | - | 164.56% | 58.62% | 57.66% | 75.22% | 169.56% | 186.61% | 184.88% |
| Dividend per Share 2 | 0.0959 | 0.0733 | 0.0733 | 0.0922 | 0.0930 | 0.0962 | 0.1012 | 0.1028 |
| Announcement Date | 8/8/19 | 8/3/20 | 1/28/22 | 2/28/23 | 1/30/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|
| Net sales | 106.9 | 157.8 | - | 166.5 | - |
| EBITDA | - | - | - | - | - |
| EBIT | - | - | - | - | - |
| Operating Margin | - | - | - | - | - |
| Earnings before Tax (EBT) | 41.06 | 15.34 | 96.46 | 72.19 | - |
| Net income 1 | 36.02 | 67.65 | 96.46 | 72.19 | 91.97 |
| Net margin | 33.7% | 42.87% | - | 43.35% | - |
| EPS | 0.0105 | 0.0201 | - | 0.0196 | - |
| Dividend per Share | - | 0.0280 | - | - | - |
| Announcement Date | 11/9/21 | 1/28/22 | 5/3/23 | 8/17/23 | 11/16/23 |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,024 | 3,344 | 3,116 | 3,286 | 3,212 | 3,587 | 3,628 | 3,718 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.536 x | 8.83 x | 9.295 x | 7.539 x | 6.707 x | 6.897 x | 6.747 x | 6.58 x |
| Free Cash Flow 1 | -154 | 343 | 130 | 189 | 240 | 603 | 692 | 706 |
| ROE (net income / shareholders' equity) | 8.45% | 4.35% | 4.34% | 5.97% | 5.78% | 6.52% | 6.77% | 7.11% |
| ROA (Net income/ Total Assets) | 4.93% | 2.51% | 2.52% | 3.54% | 3.37% | 3.47% | 3.63% | 3.74% |
| Assets 1 | 7,841 | 8,309 | 8,805 | 9,282 | 9,476 | 10,244 | 10,220 | 10,215 |
| Book Value Per Share 2 | 1.630 | 1.620 | 1.470 | 1.460 | 1.510 | 1.560 | 1.560 | 1.660 |
| Cash Flow per Share 2 | 0.1400 | 0.1200 | 0.1300 | 0.1300 | 0.1300 | 0.1600 | 0.1200 | 0.1700 |
| Capex 1 | 115 | 2.29 | 302 | 246 | 206 | 52.7 | 77 | 37.2 |
| Capex / Sales | 19.79% | 0.41% | 44.77% | 37.72% | 28.73% | 7.12% | 10.05% | 4.79% |
| Announcement Date | 8/8/19 | 8/3/20 | 1/28/22 | 2/28/23 | 1/30/24 | - | - | - |
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
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
1.54
MYR
Average target price
1.705
MYR
Spread / Average Target
+10.69%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| 0.00% | 1.11B | |
| -0.20% | 46.38B | |
| -13.75% | 12.39B | |
| -22.69% | 11.06B | |
| -13.01% | 10.74B | |
| -5.43% | 7.45B | |
| -6.66% | 6.54B | |
| -8.23% | 5.8B | |
| -7.60% | 5.6B | |
| -7.00% | 4.67B |
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- Financials Sunway Real Estate Investment Trust
