Financials Uchi Technologies

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
4.1 ^MYR	-0.24%		+1.49%	+10.51%

May. 09	Uchi Technologies Grants Share Options	MT
Apr. 19	Uchi Technologies Berhad Announces Final Single Tier Dividend for the Year Ended 31 December 2023, Payable on 26 June 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,248	1,174	1,422	1,491	1,705	1,886	-	-
Enterprise Value (EV) ¹	1,248	1,174	1,422	1,491	1,705	1,886	1,886	1,886
P/E ratio	16.6 x	14 x	15.6 x	12 x	12.6 x	15.7 x	15 x	12.6 x
Yield	5.76%	6.54%	6.37%	7.65%	7.95%	6.1%	7.57%	7.32%
Capitalization / Revenue	7.96 x	7.56 x	8.44 x	6.96 x	7.03 x	7.98 x	7.8 x	6.62 x
EV / Revenue	7.96 x	7.56 x	8.44 x	6.96 x	7.03 x	7.98 x	7.8 x	6.62 x
EV / EBITDA	15.2 x	13.6 x	15 x	11.5 x	11 x	13.1 x	12.8 x	10.3 x
EV / FCF	15 x	13.8 x	14.5 x	13 x	-	15.2 x	12.6 x	12 x
FCF Yield	6.68%	7.24%	6.88%	7.69%	-	6.56%	7.93%	8.36%
Price to Book	7.72 x	6.5 x	7.48 x	6.81 x	8.43 x	8.2 x	9.65 x	6.95 x
Nbr of stocks (in thousands)	448,840	451,426	452,820	455,922	459,658	459,986	-	-
Reference price ²	2.780	2.600	3.140	3.270	3.710	4.100	4.100	4.100
Announcement Date	2/26/20	2/24/21	2/23/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	156.7	155.3	168.5	214.3	242.5	236.5	241.9	284.7
EBITDA ¹	81.95	86.38	94.69	129.6	154.8	143.5	146.8	183.2
EBIT ¹	75	79.99	88.94	124.4	150.8	142.6	148.3	179.4
Operating Margin	47.87%	51.52%	52.78%	58.06%	62.18%	60.3%	61.31%	63.01%
Earnings before Tax (EBT) ¹	79.04	84.65	92.17	127.9	168.8	142.7	147.2	189.1
Net income ¹	75.95	83.83	91.44	124.9	135.2	117.6	122.3	155.1
Net margin	48.48%	53.99%	54.26%	58.26%	55.76%	49.72%	50.57%	54.48%
EPS ²	0.1676	0.1854	0.2007	0.2736	0.2942	0.2610	0.2740	0.3260
Free Cash Flow ¹	83.31	85.02	97.76	114.7	-	123.7	149.5	157.7
FCF margin	53.17%	54.76%	58.01%	53.51%	-	52.31%	61.81%	55.39%
FCF Conversion (EBITDA)	101.66%	98.42%	103.24%	88.46%	-	86.18%	101.86%	86.08%
FCF Conversion (Net income)	109.69%	101.42%	106.91%	91.84%	-	105.22%	122.24%	101.68%
Dividend per Share ²	0.1600	0.1700	0.2000	0.2500	0.2950	0.2502	0.3102	0.3000
Announcement Date	2/26/20	2/24/21	2/23/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	83.3	85	97.8	115	-	124	150	158
ROE (net income / shareholders' equity)	48.5%	49.1%	49.3%	60.9%	64.3%	53.8%	63.8%	60.8%
ROA (Net income/ Total Assets)	33.8%	34.8%	34.9%	42.8%	48.8%	46.4%	51.9%	59.4%
Assets ¹	224.5	240.9	261.9	291.8	277.1	253.6	235.9	261.1
Book Value Per Share ²	0.3600	0.4000	0.4200	0.4800	0.4400	0.5000	0.4300	0.5900
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.74	0.68	0.51	2.18	2.93	1.5	2.5	-
Capex / Sales	0.47%	0.44%	0.3%	1.02%	1.21%	0.63%	1.03%	-
Announcement Date	2/26/20	2/24/21	2/23/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

4.1 MYR

Average target price

3.922 MYR

Spread / Average Target

-4.33%

	1st Jan change	Capi.
UCHI TECHNOLOGIES	+10.51%	401M
KEYENCE CORPORATION	+16.87%	111B
HEXAGON AB	+1.61%	30.88B
BOE TECHNOLOGY GROUP COMPANY LIMITED	+11.03%	22.1B
TELEDYNE TECHNOLOGIES INCORPORATED	-9.58%	19.14B
KYOCERA CORPORATION	-10.64%	16.89B
ZEBRA TECHNOLOGIES CORPORATION	+18.49%	16.65B
FLEX LTD.	-3.71%	12.35B
HALMA PLC	+3.15%	11.26B
HUIZHOU DESAY SV AUTOMOTIVE CO., LTD.	-17.74%	8.19B