Financials TASCO

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.825 ^MYR	-0.60%		+2.48%	+7.84%

Jan. 29	TASCO Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI
2023	Tasco, GDEX MOU Lapses	MT

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	332	152	840	888	676	668	-	-
Enterprise Value (EV) ¹	332	297.2	840	888	676	668	668	668
P/E ratio	-	17.1 x	20.3 x	13.6 x	7.44 x	9.98 x	8.27 x	7.71 x
Yield	1.51%	2.63%	1.9%	2.25%	4.14%	2.83%	3.23%	3.03%
Capitalization / Revenue	0.45 x	0.2 x	0.89 x	0.6 x	0.42 x	0.58 x	0.53 x	0.48 x
EV / Revenue	0.45 x	0.2 x	0.89 x	0.6 x	0.42 x	0.58 x	0.53 x	0.48 x
EV / EBITDA	4.9 x	2.16 x	7.35 x	6.31 x	3.85 x	4.45 x	3.78 x	3.65 x
EV / FCF	-8.33 x	-	-	-	-	18.1 x	15.9 x	14.5 x
FCF Yield	-12%	-	-	-	-	5.54%	6.29%	6.89%
Price to Book	-	0.35 x	1.78 x	1.71 x	1.14 x	1.03 x	0.94 x	0.85 x
Nbr of stocks (in thousands)	800,000	800,000	800,000	800,000	800,000	800,000	-	-
Reference price ²	0.4150	0.1900	1.050	1.110	0.8450	0.8250	0.8250	0.8250
Announcement Date	5/29/19	6/18/20	4/27/21	4/28/22	4/27/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	736.8	747.4	946.6	1,481	1,607	1,157	1,262	1,388
EBITDA ¹	67.76	70.25	114.3	140.7	175.4	150.2	176.7	183
EBIT ¹	37.43	39.25	74.79	95.49	128.5	94.43	108.5	122.2
Operating Margin	5.08%	5.25%	7.9%	6.45%	8%	8.16%	8.6%	8.8%
Earnings before Tax (EBT) ¹	-	20.6	60.69	88.15	120.6	81.85	99.1	103.8
Net income ¹	-	8.891	41.27	65.25	90.8	65.8	80.62	87.75
Net margin	-	1.19%	4.36%	4.4%	5.65%	5.69%	6.39%	6.32%
EPS ²	-	0.0111	0.0516	0.0816	0.1135	0.0827	0.0997	0.1070
Free Cash Flow ¹	-39.84	-	-	-	-	37	42	46
FCF margin	-5.41%	-	-	-	-	3.2%	3.33%	3.31%
FCF Conversion (EBITDA)	-	-	-	-	-	24.64%	23.77%	25.14%
FCF Conversion (Net income)	-	-	-	-	-	56.23%	52.09%	52.42%
Dividend per Share ²	0.006250	0.005000	0.0200	0.0250	0.0350	0.0233	0.0267	0.0250
Announcement Date	5/29/19	6/18/20	4/27/21	4/28/22	4/27/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	145	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.067 x	-	-	-	-	-	-
Free Cash Flow ¹	-39.8	-	-	-	-	37	42	46
ROE (net income / shareholders' equity)	3.56%	2.2%	9.12%	13.2%	16.3%	10%	11.1%	-
ROA (Net income/ Total Assets)	1.63%	0.98%	4.32%	5.59%	-	9.3%	12.6%	-
Assets ¹	-	904.3	955.2	1,167	-	707.5	639.9	-
Book Value Per Share ²	-	0.5400	0.5900	0.6500	0.7400	0.8000	0.8800	0.9700
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	143	8.91	41.1	46.8	94.2	172	120	118
Capex / Sales	19.45%	1.19%	4.34%	3.16%	5.86%	14.9%	9.47%	8.46%
Announcement Date	5/29/19	6/18/20	4/27/21	4/28/22	4/27/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.825 MYR

Average target price

1.248 MYR

Spread / Average Target

+51.21%

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