Financials Wang-Zheng

Equities

WANGZNG

MYL7203OO002

Paper Products

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.665 MYR +2.31% Intraday chart for Wang-Zheng -0.75% -3.62%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 302.9 158.6 149.1 139.6 130.8 127.7
Enterprise Value (EV) 1 248.3 100.7 101.4 75.9 55.72 72.52
P/E ratio 28.7 x 15.3 x 13.2 x 23.5 x 17 x 19.6 x
Yield 2.09% 4% 4.79% 3.41% 2.42% 1.86%
Capitalization / Revenue 1.1 x 0.61 x 0.55 x 0.58 x 0.58 x 0.48 x
EV / Revenue 0.9 x 0.39 x 0.37 x 0.31 x 0.25 x 0.27 x
EV / EBITDA 16.8 x 6.35 x 9.22 x 8.98 x 4.57 x 7.23 x
EV / FCF 10.3 x 13.8 x 10.5 x 5.13 x 4.19 x -4.13 x
FCF Yield 9.7% 7.24% 9.53% 19.5% 23.9% -24.2%
Price to Book 1.63 x 0.84 x 0.77 x 0.71 x 0.67 x 0.64 x
Nbr of stocks (in thousands) 158,581 158,581 158,581 158,581 158,581 158,581
Reference price 2 1.910 1.000 0.9400 0.8800 0.8250 0.8050
Announcement Date 3/19/18 4/30/19 6/30/20 5/25/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 275.2 260.3 273.5 242.7 225.3 268.3
EBITDA 1 14.82 15.85 11 8.45 12.2 10.03
EBIT 1 10.29 11.8 7.764 5.328 9.423 7.115
Operating Margin 3.74% 4.53% 2.84% 2.2% 4.18% 2.65%
Earnings before Tax (EBT) 1 15.45 16.3 15.08 8.654 11.66 9.306
Net income 1 10.56 10.35 11.27 5.95 7.717 6.502
Net margin 3.84% 3.98% 4.12% 2.45% 3.43% 2.42%
EPS 2 0.0666 0.0653 0.0711 0.0375 0.0487 0.0410
Free Cash Flow 1 24.08 7.292 9.659 14.79 13.3 -17.54
FCF margin 8.75% 2.8% 3.53% 6.09% 5.9% -6.54%
FCF Conversion (EBITDA) 162.43% 46.01% 87.84% 174.98% 109.02% -
FCF Conversion (Net income) 228.09% 70.45% 85.7% 248.49% 172.33% -
Dividend per Share 2 0.0400 0.0400 0.0450 0.0300 0.0200 0.0150
Announcement Date 3/19/18 4/30/19 6/30/20 5/25/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 54.6 57.9 47.7 63.7 75.1 55.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 24.1 7.29 9.66 14.8 13.3 -17.5
ROE (net income / shareholders' equity) 5.76% 5.51% 5.87% 3.03% 3.96% 3.29%
ROA (Net income/ Total Assets) 2.34% 2.74% 1.78% 1.24% 2.16% 1.62%
Assets 1 451.1 378.2 631.7 481 357.2 400.4
Book Value Per Share 2 1.170 1.200 1.230 1.230 1.240 1.260
Cash Flow per Share 2 0.7000 0.6600 0.6600 0.2800 0.7800 0.3300
Capex 1 2.36 0.68 9.79 1.99 1.52 4.34
Capex / Sales 0.86% 0.26% 3.58% 0.82% 0.68% 1.62%
Announcement Date 3/19/18 4/30/19 6/30/20 5/25/21 4/27/22 4/26/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA