Financials Kein Hing International

Equities

KEINHIN

MYL7199OO002

Industrial Machinery & Equipment

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
1.4 MYR +0.72% Intraday chart for Kein Hing International +0.72% -5.41%

Valuation

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Capitalization 1 54.45 57.17 34.85 101.8 122 148.1
Enterprise Value (EV) 1 80.41 77.4 42.73 108.6 123.7 132.7
P/E ratio 31.1 x 16.2 x 13.4 x 8.56 x 7.73 x 6.64 x
Yield 2% 1.9% - 1.07% 1.34% 1.47%
Capitalization / Revenue 0.23 x 0.24 x 0.17 x 0.4 x 0.44 x 0.44 x
EV / Revenue 0.34 x 0.33 x 0.21 x 0.43 x 0.45 x 0.4 x
EV / EBITDA 3.59 x 3.14 x 2.31 x 3.72 x 3.47 x 3.32 x
EV / FCF 14.4 x 4.74 x 2.41 x 119 x 18.5 x 10.7 x
FCF Yield 6.95% 21.1% 41.5% 0.84% 5.4% 9.32%
Price to Book 0.52 x 0.51 x 0.3 x 0.82 x 0.87 x 0.92 x
Nbr of stocks (in thousands) 108,900 108,900 108,900 108,900 108,900 108,900
Reference price 2 0.5000 0.5250 0.3200 0.9350 1.120 1.360
Announcement Date 8/28/18 8/28/19 8/28/20 9/24/21 8/26/22 8/29/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net sales 1 238.3 235.3 202.3 253.1 276.7 334.9
EBITDA 1 22.41 24.63 18.51 29.24 35.64 39.99
EBIT 1 9.234 11.71 7.365 19.53 25.15 29.08
Operating Margin 3.87% 4.98% 3.64% 7.72% 9.09% 8.68%
Earnings before Tax (EBT) 1 5.664 8.117 4.326 16.74 22.9 29.56
Net income 1 1.753 3.535 2.607 11.89 15.78 22.3
Net margin 0.74% 1.5% 1.29% 4.7% 5.7% 6.66%
EPS 2 0.0161 0.0325 0.0239 0.1092 0.1449 0.2048
Free Cash Flow 1 5.586 16.34 17.75 0.9143 6.677 12.37
FCF margin 2.34% 6.94% 8.78% 0.36% 2.41% 3.69%
FCF Conversion (EBITDA) 24.92% 66.35% 95.92% 3.13% 18.73% 30.93%
FCF Conversion (Net income) 318.74% 462.24% 680.94% 7.69% 42.3% 55.46%
Dividend per Share 2 0.0100 0.0100 - 0.0100 0.0150 0.0200
Announcement Date 8/28/18 8/28/19 8/28/20 9/24/21 8/26/22 8/29/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: April 2018 2019 2020 2021 2022 2023
Net Debt 1 26 20.2 7.88 6.83 1.75 -
Net Cash position 1 - - - - - 15.4
Leverage (Debt/EBITDA) 1.158 x 0.8215 x 0.4259 x 0.2335 x 0.0492 x -
Free Cash Flow 1 5.59 16.3 17.8 0.91 6.68 12.4
ROE (net income / shareholders' equity) 2.79% 4.32% 2.88% 10.5% 13.5% 15.1%
ROA (Net income/ Total Assets) 2.63% 3.49% 2.31% 5.78% 6.64% 7.12%
Assets 1 66.61 101.4 113 205.7 237.7 313.3
Book Value Per Share 2 0.9700 1.020 1.050 1.140 1.290 1.480
Cash Flow per Share 2 0.3300 0.2900 0.3800 0.4200 0.4200 0.5600
Capex 1 11.3 4.01 4.3 6.7 9.75 17.2
Capex / Sales 4.73% 1.7% 2.12% 2.65% 3.52% 5.15%
Announcement Date 8/28/18 8/28/19 8/28/20 9/24/21 8/26/22 8/29/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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