Financials Bina Darulaman

Equities

BDB

MYL6173OO008

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
0.395 MYR -1.25% Intraday chart for Bina Darulaman -1.25% +38.60%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 94.2 113.9 117 176.2 83.56 86.6
Enterprise Value (EV) 1 183.7 177.3 176.9 232 114.6 154.2
P/E ratio -2.23 x 24.2 x 22.1 x 32.7 x 14.9 x 6.84 x
Yield - - 1.95% 1.29% 1.67% 3.51%
Capitalization / Revenue 0.46 x 0.46 x 0.53 x 0.85 x 0.36 x 0.28 x
EV / Revenue 0.9 x 0.71 x 0.81 x 1.12 x 0.5 x 0.49 x
EV / EBITDA -8.03 x 7.46 x 7.73 x 12.4 x 5.48 x 7.02 x
EV / FCF 320 x 15.5 x 10.1 x 5.85 x 3.27 x -5.4 x
FCF Yield 0.31% 6.44% 9.85% 17.1% 30.6% -18.5%
Price to Book 0.21 x 0.25 x 0.25 x 0.37 x 0.18 x 0.18 x
Nbr of stocks (in thousands) 303,855 303,855 303,855 303,855 303,855 303,855
Reference price 2 0.3100 0.3750 0.3850 0.5800 0.2750 0.2850
Announcement Date 4/1/19 5/19/20 5/3/21 4/26/22 4/12/23 4/29/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 203.4 248.2 219.6 207.7 231.4 313.1
EBITDA 1 -22.88 23.76 22.88 18.71 20.93 21.98
EBIT 1 -33.12 13.96 14.54 11.73 14.61 15.12
Operating Margin -16.29% 5.62% 6.62% 5.64% 6.31% 4.83%
Earnings before Tax (EBT) 1 -39.33 6.799 8.534 7.77 9.044 14.47
Net income 1 -42.2 4.707 5.292 5.387 5.597 12.66
Net margin -20.75% 1.9% 2.41% 2.59% 2.42% 4.04%
EPS 2 -0.1389 0.0155 0.0174 0.0177 0.0184 0.0416
Free Cash Flow 1 0.5736 11.42 17.43 39.64 35.02 -28.54
FCF margin 0.28% 4.6% 7.94% 19.08% 15.13% -9.12%
FCF Conversion (EBITDA) - 48.06% 76.2% 211.86% 167.28% -
FCF Conversion (Net income) - 242.55% 329.4% 735.81% 625.61% -
Dividend per Share - - 0.007500 0.007500 0.004600 0.0100
Announcement Date 4/1/19 5/19/20 5/3/21 4/26/22 4/12/23 4/29/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 89.5 63.3 59.9 55.7 31.1 67.6
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -3.913 x 2.665 x 2.618 x 2.979 x 1.484 x 3.076 x
Free Cash Flow 1 0.57 11.4 17.4 39.6 35 -28.5
ROE (net income / shareholders' equity) -8.8% 1.02% 1.13% 1.14% 1.17% 2.58%
ROA (Net income/ Total Assets) -2.7% 1.17% 1.23% 1.01% 1.27% 1.25%
Assets 1 1,565 402.2 430.9 533.2 439.3 1,016
Book Value Per Share 2 1.510 1.520 1.540 1.550 1.560 1.600
Cash Flow per Share 2 0.1400 0.1900 0.1800 0.2000 0.2600 0.2400
Capex 1 9.72 5.01 1.09 2.49 3.91 5.62
Capex / Sales 4.78% 2.02% 0.49% 1.2% 1.69% 1.79%
Announcement Date 4/1/19 5/19/20 5/3/21 4/26/22 4/12/23 4/29/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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