Financials 7-Eleven Malaysia Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-07-08 pm EDT			5-day change	1st Jan Change
1.98 ^MYR	-0.50%		+0.51%	-1.00%

May. 30	7-Eleven Malaysia's Profit Drops in Q1	MT
May. 29	7-Eleven Malaysia Holdings Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,645	1,536	1,685	2,142	2,218	2,196	-	-
Enterprise Value (EV) ¹	2,306	1,889	2,167	2,562	2,147	2,063	1,997	1,931
P/E ratio	30.2 x	52.3 x	38.2 x	31.6 x	8.04 x	31.3 x	25.7 x	22.2 x
Yield	1.68%	1.69%	1.07%	2.8%	-	1.66%	1.98%	2.74%
Capitalization / Revenue	0.7 x	0.61 x	0.6 x	0.57 x	0.8 x	0.76 x	0.7 x	0.64 x
EV / Revenue	0.98 x	0.74 x	0.77 x	0.68 x	0.77 x	0.72 x	0.63 x	0.56 x
EV / EBITDA	8.3 x	6.25 x	6.16 x	6.15 x	7.79 x	5.57 x	5.03 x	4.6 x
EV / FCF	23.4 x	11.1 x	10.1 x	7.22 x	26.3 x	12.7 x	8.92 x	7.98 x
FCF Yield	4.28%	9.04%	9.93%	13.9%	3.8%	7.86%	11.2%	12.5%
Price to Book	16.1 x	23.4 x	18.8 x	31.7 x	6.16 x	5.41 x	4.86 x	4.31 x
Nbr of stocks (in thousands)	1,150,190	1,129,250	1,123,390	1,110,047	1,109,067	1,109,066	-	-
Reference price ²	1.430	1.360	1.500	1.930	2.000	1.980	1.980	1.980
Announcement Date	2/27/20	2/26/21	2/24/22	2/28/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,359	2,538	2,809	3,764	2,784	2,879	3,150	3,429
EBITDA ¹	277.8	302.3	351.9	416.4	275.6	370.1	397	419.6
EBIT ¹	120.3	119.2	154.1	213.6	93.78	167.6	189.4	205.3
Operating Margin	5.1%	4.7%	5.49%	5.67%	3.37%	5.82%	6.01%	5.99%
Earnings before Tax (EBT) ¹	76.65	63.98	92.9	144.5	21.57	112.1	137.3	156.3
Net income ¹	54.06	29.77	44.35	68.63	276.2	70.29	85.73	99.08
Net margin	2.29%	1.17%	1.58%	1.82%	9.92%	2.44%	2.72%	2.89%
EPS ²	0.0474	0.0260	0.0393	0.0611	0.2489	0.0632	0.0771	0.0891
Free Cash Flow ¹	98.59	170.7	215.2	355	81.56	162.2	224	242.1
FCF margin	4.18%	6.73%	7.66%	9.43%	2.93%	5.63%	7.11%	7.06%
FCF Conversion (EBITDA)	35.49%	56.47%	61.15%	85.26%	29.59%	43.82%	56.42%	57.69%
FCF Conversion (Net income)	182.37%	573.58%	485.31%	517.29%	29.53%	230.73%	261.28%	244.33%
Dividend per Share ²	0.0240	0.0230	0.0160	0.0540	-	0.0329	0.0393	0.0542
Announcement Date	2/27/20	2/26/21	2/24/22	2/28/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	661	354	482	420	-	-	-	-
Net Cash position ¹	-	-	-	-	71.4	133	198	265
Leverage (Debt/EBITDA)	2.379 x	1.169 x	1.37 x	1.008 x	-	-	-	-
Free Cash Flow ¹	98.6	171	215	355	81.6	162	224	242
ROE (net income / shareholders' equity)	55.7%	35.3%	56.6%	61%	112%	18.5%	20.4%	21%
ROA (Net income/ Total Assets)	4.98%	1.73%	2.07%	2.79%	10.7%	4.01%	4.61%	4.91%
Assets ¹	1,085	1,724	2,142	2,457	2,593	1,755	1,860	2,016
Book Value Per Share ²	0.0900	0.0600	0.0800	0.0600	0.3200	0.3700	0.4100	0.4600
Cash Flow per Share ²	0.1700	0.2100	0.2300	0.4100	0.2500	0.3200	0.3200	0.3500
Capex ¹	93.9	66.6	47.9	107	199	190	139	137
Capex / Sales	3.98%	2.62%	1.71%	2.85%	7.16%	6.6%	4.42%	4%
Announcement Date	2/27/20	2/26/21	2/24/22	2/28/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B+

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.98 MYR

Average target price

1.983 MYR

Spread / Average Target

+0.17%

	1st Jan change	Capi.
7-ELEVEN MALAYSIA HOLDINGS	-1.00%	466M
AVENUE SUPERMARTS LIMITED	+18.41%	37.45B
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-9.29%	35.58B
SEVEN & I HOLDINGS CO., LTD.	+3.73%	31.4B
SM INVESTMENTS CORPORATION	-1.72%	17.9B
COLES GROUP LIMITED	+6.21%	15.34B
CASEY'S GENERAL STORES, INC.	+31.26%	13.38B
JERÓNIMO MARTINS, SGPS, S.A.	-14.93%	12.76B
ICA GRUPPEN	-.--%	11.82B
CARREFOUR	-15.09%	10.28B