KLCC PROPERTY HOLDINGS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.6 MYR | -1.04% |
|
-0.65% | +7.19% |
| May. 24 | KLCC Stapled Group Books Higher Profit, Revenue in Q1 | MT |
| May. 23 | KLCC Property Holdings Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,262 | 12,782 | 11,825 | 12,114 | 12,800 | 13,721 | - | - |
| Enterprise Value (EV) 1 | 15,725 | 14,260 | 13,241 | 13,387 | 13,972 | 16,290 | 16,195 | 16,111 |
| P/E ratio | 18 x | 29.6 x | 23.8 x | 15.5 x | 13.7 x | 17.2 x | 15.9 x | 15.3 x |
| Yield | 4.81% | 4.24% | 5.13% | 5.66% | 5.71% | 5.48% | 5.89% | 6.01% |
| Capitalization / Revenue | 10 x | 10.3 x | 10.1 x | 8.3 x | 7.91 x | 8.37 x | 8.12 x | 7.93 x |
| EV / Revenue | 11.1 x | 11.5 x | 11.3 x | 9.17 x | 8.63 x | 9.94 x | 9.58 x | 9.31 x |
| EV / EBITDA | 14.8 x | 17.5 x | 15.9 x | 13.3 x | 13.3 x | 14.7 x | 13.9 x | 13.6 x |
| EV / FCF | 16.7 x | 18.6 x | 18.2 x | 13.2 x | 13.5 x | 21.4 x | 18.1 x | 16.7 x |
| FCF Yield | 5.99% | 5.39% | 5.5% | 7.57% | 7.43% | 4.68% | 5.51% | 5.98% |
| Price to Book | 1.08 x | 0.98 x | 0.91 x | 0.92 x | 0.96 x | 0.99 x | 0.98 x | 0.98 x |
| Nbr of stocks (in thousands) | 1,805,333 | 1,805,333 | 1,805,333 | 1,805,333 | 1,805,333 | 1,805,333 | - | - |
| Reference price 2 | 7.900 | 7.080 | 6.550 | 6.710 | 7.090 | 7.600 | 7.600 | 7.600 |
| Announcement Date | 1/23/20 | 1/27/21 | 1/28/22 | 1/31/23 | 2/7/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,423 | 1,239 | 1,171 | 1,459 | 1,619 | 1,640 | 1,691 | 1,731 |
| EBITDA 1 | 1,063 | 814.8 | 831.8 | 1,004 | 1,053 | 1,112 | 1,162 | 1,185 |
| EBIT 1 | 1,020 | 764.5 | 785.2 | 958.8 | 1,020 | 1,074 | 1,107 | 1,146 |
| Operating Margin | 71.68% | 61.69% | 67.05% | 65.7% | 63.01% | 65.5% | 65.46% | 66.18% |
| Earnings before Tax (EBT) 1 | 1,071 | 546.8 | 565.8 | 1,019 | 1,187 | 971.1 | 991.8 | 1,024 |
| Net income 1 | 790.2 | 432.2 | 495.9 | 782.7 | 931.3 | 802 | 870.2 | 896.2 |
| Net margin | 55.53% | 34.88% | 42.34% | 53.63% | 57.52% | 48.91% | 51.47% | 51.78% |
| EPS 2 | 0.4377 | 0.2394 | 0.2747 | 0.4335 | 0.5159 | 0.4418 | 0.4778 | 0.4970 |
| Free Cash Flow 1 | 941.4 | 768.3 | 727.8 | 1,014 | 1,038 | 762 | 893 | 964 |
| FCF margin | 66.15% | 62.01% | 62.15% | 69.48% | 64.11% | 46.47% | 52.82% | 55.69% |
| FCF Conversion (EBITDA) | 88.53% | 94.3% | 87.49% | 101.01% | 98.58% | 68.55% | 76.82% | 81.35% |
| FCF Conversion (Net income) | 119.14% | 177.79% | 146.78% | 129.54% | 111.47% | 95.01% | 102.62% | 107.57% |
| Dividend per Share 2 | 0.3800 | 0.3000 | 0.3360 | 0.3800 | 0.4050 | 0.4167 | 0.4480 | 0.4564 |
| Announcement Date | 1/23/20 | 1/27/21 | 1/28/22 | 1/31/23 | 2/7/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q1 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT 1 | 251.4 |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | 180.6 |
| Net margin | - |
| EPS 2 | 0.1000 |
| Dividend per Share | - |
| Announcement Date | 5/29/23 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,463 | 1,478 | 1,416 | 1,274 | 1,172 | 2,570 | 2,474 | 2,391 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.376 x | 1.814 x | 1.703 x | 1.269 x | 1.113 x | 2.312 x | 2.128 x | 2.018 x |
| Free Cash Flow 1 | 941 | 768 | 728 | 1,014 | 1,038 | 762 | 893 | 964 |
| ROE (net income / shareholders' equity) | 6.01% | 3.3% | 3.81% | 5.99% | 7.04% | 5.87% | 6.14% | 8.09% |
| ROA (Net income/ Total Assets) | 4.38% | 2.39% | 2.76% | 4.34% | 5.11% | 4.37% | 4.4% | 4.48% |
| Assets 1 | 18,036 | 18,103 | 17,966 | 18,023 | 18,225 | 18,359 | 19,791 | 20,025 |
| Book Value Per Share 2 | 7.320 | 7.210 | 7.210 | 7.270 | 7.390 | 7.690 | 7.740 | 7.780 |
| Cash Flow per Share 2 | 0.5800 | 0.4500 | 0.4300 | 0.5700 | 0.5800 | 0.4300 | 0.5100 | 0.5500 |
| Capex 1 | 99.2 | 40.1 | 47 | 12.5 | 14.7 | 14 | 25 | 25.3 |
| Capex / Sales | 6.97% | 3.24% | 4.01% | 0.86% | 0.91% | 0.85% | 1.48% | 1.46% |
| Announcement Date | 1/23/20 | 1/27/21 | 1/28/22 | 1/31/23 | 2/7/24 | - | - | - |
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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
7.6
MYR
Average target price
7.92
MYR
Spread / Average Target
+4.21%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.19% | 2.91B | |
| -7.59% | 46.2B | |
| -6.13% | 20.81B | |
| +2.80% | 15.66B | |
| +20.53% | 12.19B | |
| -4.85% | 9.76B | |
| -13.86% | 8.48B | |
| -2.03% | 8.37B | |
| +7.78% | 8.24B | |
| -1.81% | 5.73B |
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- Financials KLCC Property Holdings
