Financials Unisem (M)

Equities

UNISEM

MYL5005OO003

Semiconductors

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
3.75 MYR +2.74% Intraday chart for Unisem (M) +7.14% +13.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,571 4,812 6,581 4,452 5,339 6,049 - -
Enterprise Value (EV) 1 1,402 4,356 6,100 4,093 5,089 5,844 5,863 5,879
P/E ratio -165 x 31.7 x 33.1 x 11.6 x 66.6 x 35.6 x 29.8 x 25 x
Yield 3.24% 0.97% 1.23% 2.17% 2.42% 2% 1.89% 2.19%
Capitalization / Revenue 1.26 x 3.73 x 4.19 x 2.5 x 3.71 x 3.65 x 3.35 x 3.14 x
EV / Revenue 1.12 x 3.38 x 3.89 x 2.3 x 3.53 x 3.52 x 3.24 x 3.06 x
EV / EBITDA 5.43 x 13.4 x 15.6 x 8.91 x 18.6 x 14.7 x 12.5 x 10.9 x
EV / FCF -20.7 x 79.1 x -41.8 x -21.5 x 426 x 35.4 x 21.9 x 18.7 x
FCF Yield -4.82% 1.26% -2.39% -4.66% 0.23% 2.83% 4.56% 5.34%
Price to Book 1.16 x 2.55 x 3.02 x 1.84 x 2.24 x 2.49 x 2.38 x 2.33 x
Nbr of stocks (in thousands) 1,454,172 1,557,438 1,613,079 1,613,079 1,613,079 1,613,079 - -
Reference price 2 1.080 3.090 4.080 2.760 3.310 3.750 3.750 3.750
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/27/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,251 1,289 1,569 1,782 1,440 1,658 1,807 1,924
EBITDA 1 258 325.9 389.9 459.4 273.2 397.8 469.9 538.3
EBIT 1 90.5 156.2 196.4 254.5 61.46 186.9 229.9 285.2
Operating Margin 7.23% 12.11% 12.52% 14.28% 4.27% 11.27% 12.72% 14.82%
Earnings before Tax (EBT) 1 13.62 164 222.6 279.7 100.4 196.9 239 280.6
Net income 1 -9.542 142.8 197.8 385.4 80.24 168.6 203.7 242.3
Net margin -0.76% 11.07% 12.61% 21.63% 5.57% 10.17% 11.27% 12.59%
EPS 2 -0.006550 0.0976 0.1232 0.2389 0.0497 0.1054 0.1260 0.1498
Free Cash Flow 1 -67.62 55.06 -145.9 -190.7 11.95 165.2 267.3 313.9
FCF margin -5.4% 4.27% -9.3% -10.7% 0.83% 9.96% 14.79% 16.32%
FCF Conversion (EBITDA) - 16.9% - - 4.37% 41.53% 56.88% 58.31%
FCF Conversion (Net income) - 38.56% - - 14.89% 97.98% 131.22% 129.56%
Dividend per Share 2 0.0350 0.0300 0.0500 0.0600 0.0800 0.0750 0.0707 0.0822
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/27/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2023 Q2 2023 Q3
Net sales 1 - 424.4 - 356.2
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income - - 23.93 -
Net margin - - - -
EPS 2 0.0356 - 0.0148 0.0112
Dividend per Share - - - -
Announcement Date 2/25/22 4/27/22 7/27/23 10/26/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 169 457 481 360 251 205 186 170
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -67.6 55.1 -146 -191 11.9 165 267 314
ROE (net income / shareholders' equity) 5.17% 9.12% 10% 16.8% 3.34% 6.42% 7.88% 9.3%
ROA (Net income/ Total Assets) 4.02% 7.05% 7.83% 13.3% - 5.84% 7.06% 9.35%
Assets 1 -237.1 2,025 2,527 2,901 - 2,889 2,887 2,591
Book Value Per Share 2 0.9300 1.210 1.350 1.500 1.480 1.510 1.570 1.610
Cash Flow per Share 2 0.1100 0.2000 - 0.2500 - 0.2900 0.2800 -
Capex 1 229 241 483 595 352 346 285 291
Capex / Sales 18.27% 18.67% 30.81% 33.4% 24.45% 20.86% 15.77% 15.13%
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/27/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
3.75 MYR
Average target price
3.043 MYR
Spread / Average Target
-18.86%
Consensus

Annual profits - Rate of surprise