Financials Advancecon Holdings

Equities

ADVCON

MYL5281OO000

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
0.275 MYR -1.79% Intraday chart for Advancecon Holdings +1.85% -3.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 120.3 155.1 158.5 147.4 120.8 164
Enterprise Value (EV) 1 240.5 269.8 285.6 239.7 333.6 347.7
P/E ratio 11.4 x 14.4 x 75 x 61 x -5.17 x -4.59 x
Yield 3.33% 1.56% 2.53% - - -
Capitalization / Revenue 0.44 x 0.51 x 0.63 x 0.54 x 0.29 x 0.36 x
EV / Revenue 0.88 x 0.89 x 1.14 x 0.89 x 0.79 x 0.77 x
EV / EBITDA 5.8 x 7.03 x 12 x 16.7 x 8.02 x 22.3 x
EV / FCF -8.36 x 12.7 x 182 x 16.5 x 114 x 9.04 x
FCF Yield -12% 7.86% 0.55% 6.05% 0.88% 11.1%
Price to Book 0.66 x 0.81 x 0.83 x 0.68 x 0.63 x 0.92 x
Nbr of stocks (in thousands) 400,918 402,767 401,320 483,375 483,375 575,351
Reference price 2 0.3000 0.3850 0.3950 0.3050 0.2500 0.2850
Announcement Date 4/30/19 6/25/20 4/27/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 272.9 302.3 250.3 270.8 422.3 449.8
EBITDA 1 41.43 38.38 23.74 14.34 41.6 15.57
EBIT 1 15.86 24.06 11.7 3.397 -10.53 -25.15
Operating Margin 5.81% 7.96% 4.67% 1.25% -2.49% -5.59%
Earnings before Tax (EBT) 1 15.43 16.28 6.646 3.977 -19.18 -42.94
Net income 1 10.62 10.83 2.101 2.05 -23.36 -34.29
Net margin 3.89% 3.58% 0.84% 0.76% -5.53% -7.62%
EPS 2 0.0264 0.0268 0.005268 0.005000 -0.0483 -0.0620
Free Cash Flow 1 -28.77 21.2 1.573 14.49 2.93 38.46
FCF margin -10.54% 7.01% 0.63% 5.35% 0.69% 8.55%
FCF Conversion (EBITDA) - 55.25% 6.63% 101.04% 7.04% 247.06%
FCF Conversion (Net income) - 195.87% 74.88% 706.92% - -
Dividend per Share 2 0.0100 0.006000 0.0100 - - -
Announcement Date 4/30/19 6/25/20 4/27/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 120 115 127 92.3 213 184
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.902 x 2.988 x 5.351 x 6.433 x 5.114 x 11.8 x
Free Cash Flow 1 -28.8 21.2 1.57 14.5 2.93 38.5
ROE (net income / shareholders' equity) 5.96% 5.79% 1.11% 1.02% -8.66% -23.9%
ROA (Net income/ Total Assets) 2.54% 3.66% 1.79% 0.5% -1.2% -2.55%
Assets 1 417.7 295.7 117.5 410.3 1,942 1,344
Book Value Per Share 2 0.4500 0.4800 0.4700 0.4500 0.4000 0.3100
Cash Flow per Share 2 0.0200 0.0200 0.0100 0.0500 0.0700 0.0500
Capex 1 16 3.37 2.31 3.8 5.03 89.6
Capex / Sales 5.87% 1.12% 0.92% 1.4% 1.19% 19.93%
Announcement Date 4/30/19 6/25/20 4/27/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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