Financials Techbond Group

Equities

TECHBND

MYL5289OO003

Specialty Chemicals

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
0.455 ^MYR	+4.60%		+9.64%	+12.35%

Mar. 06	Techbond Group Berhad Announces Resignation of Mr. Ng Yeow Siang as Group Finance Director	CI
Feb. 22	Techbond Group Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

Valuation

Fiscal Period: June	2019	2022	2023	2024	2025
Capitalization ¹	180.5	190.6	198.5	243.9	-
Enterprise Value (EV) ¹	180.5	190.6	191.5	219.9	192.9
P/E ratio	-	18.8 x	19.1 x	12.3 x	10.6 x
Yield	-	-	-	1.76%	1.76%
Capitalization / Revenue	2.22 x	-	1.82 x	1.65 x	1.53 x
EV / Revenue	2.22 x	-	1.76 x	1.49 x	1.21 x
EV / EBITDA	17,777,623 x	-	-	-	-
EV / FCF	-	-	-6,411,169 x	-	-
FCF Yield	-	-	-0%	-	-
Price to Book	-	-	-	1.14 x	1.14 x
Nbr of stocks (in thousands)	517,500	529,397	529,397	536,103	-
Reference price ²	0.3489	0.3600	0.3750	0.4550	0.4550
Announcement Date	8/16/19	8/24/22	8/23/23	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2022	2023	2024	2025
Net sales ¹	81.38	-	108.9	147.5	159.4
EBITDA	10.16	-	-	-	-
EBIT ¹	8.762	-	12.1	25.7	29.4
Operating Margin	10.77%	-	11.1%	17.42%	18.44%
Earnings before Tax (EBT) ¹	-	-	12.77	26.3	30
Net income ¹	-	11.2	11.01	20	22.8
Net margin	-	-	10.1%	13.56%	14.3%
EPS ²	-	0.0191	0.0196	0.0370	0.0430
Free Cash Flow	-	-	-29.87	-	-
FCF margin	-	-	-27.42%	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	-	-	0.008000	0.008000
Announcement Date	8/16/19	8/24/22	8/23/23	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 Q2	2024 Q3
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	4.349	18.2
Net margin	-	-
EPS	0.007400	-
Dividend per Share	-	-
Announcement Date	2/22/24	-

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	7.02	24	51
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-29.9	-	-
ROE (net income / shareholders' equity)	-	-	7.74%	10.2%	10.1%
ROA (Net income/ Total Assets)	6.03%	-	6.43%	8.7%	8.7%
Assets ¹	-	-	171.3	229.9	262.1
Book Value Per Share ²	-	-	-	0.4000	0.4000
Cash Flow per Share	0.0200	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	8/16/19	8/24/22	8/23/23	-	-

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

Ratings for Techbond Group

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.455 MYR

Average target price

0.5 MYR

Spread / Average Target

+9.89%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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NAN PAO RESINS CHEMICAL CO., LTD.	+24.02%	1.27B
JIANGSU HHCK ADVANCED MATERIALS CO.,LTD	-20.78%	770M
EPOXY BASE ELECTRONIC MATERIAL CORPORATION LIMITED	-22.13%	742M
CHENGDU GUIBAO SCIENCE & TECHNOLOGY CO.,LTD.	-16.90%	713M
DARBOND TECHNOLOGY CO., LTD	-31.97%	679M
HUBEI HUITIAN NEW MATERIALS CO., LTD.	-19.26%	603M

Adhesive & Epoxy