Financials HeveaBoard

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-07-15 pm EDT			5-day change	1st Jan Change
0.35 ^MYR	-1.41%		-5.41%	+1.45%

Jul. 01	Heveaboard Berhad Announces the Resignation of Wong Youn Kim as Company Secretary	CI
Jun. 28	HeveaBoard Berhad Approves First and Final Dividend for the Year Ended 31 December 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	303.4	404.6	243.3	198.1	195.2	198.1	-	-
Enterprise Value (EV) ¹	303.4	404.6	243.3	198.1	195.2	198.1	198.1	198.1
P/E ratio	21.5 x	25.5 x	-215 x	21.2 x	-53.9 x	58.3 x	25 x	18.4 x
Yield	5.56%	3.15%	2.33%	3.43%	-	2.86%	2.86%	2.86%
Capitalization / Revenue	0.72 x	1.04 x	0.66 x	0.49 x	0.66 x	0.4 x	0.39 x	0.39 x
EV / Revenue	0.72 x	1.04 x	0.66 x	0.49 x	0.66 x	0.4 x	0.39 x	0.39 x
EV / EBITDA	6.68 x	8.58 x	8.32 x	4.33 x	13 x	5.47 x	4.88 x	4.57 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.7 x	0.94 x	0.58 x	0.47 x	0.47 x	0.49 x	0.48 x	0.47 x
Nbr of stocks (in thousands)	561,871	565,868	565,866	565,865	565,865	565,865	-	-
Reference price ²	0.5400	0.7150	0.4300	0.3500	0.3450	0.3500	0.3500	0.3500
Announcement Date	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	419.2	388.6	370.9	405.8	296.4	489.4	501.9	512.3
EBITDA ¹	45.45	47.15	29.25	45.7	15.03	36.2	40.6	43.3
EBIT ¹	17.35	18.26	0.025	17.04	-5.496	4.2	8.2	10.6
Operating Margin	4.14%	4.7%	0.01%	4.2%	-1.85%	0.86%	1.63%	2.07%
Earnings before Tax (EBT) ¹	15.99	17.31	-0.581	16.62	-6.023	4.1	9.1	12.5
Net income ¹	14.08	15.87	-1.155	9.39	-3.65	3.4	7.7	10.6
Net margin	3.36%	4.08%	-0.31%	2.31%	-1.23%	0.69%	1.53%	2.07%
EPS ²	0.0251	0.0280	-0.002000	0.0165	-0.006400	0.006000	0.0140	0.0190
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0300	0.0225	0.0100	0.0120	-	0.0100	0.0100	0.0100
Announcement Date	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	3.27%	3.69%	-0.27%	2.21%	-0.87%	0.8%	1.9%	2.5%
ROA (Net income/ Total Assets)	2.63%	2.98%	-0.22%	1.81%	-0.73%	0.7%	1.5%	2%
Assets ¹	535.3	531.8	526.6	518.5	501.5	485.7	513.3	530
Book Value Per Share ²	0.7700	0.7600	0.7400	0.7500	0.7300	0.7200	0.7300	0.7400
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	8.67	9.13	9.97	19.1	30.8	8	8	8
Capex / Sales	2.07%	2.35%	2.69%	4.72%	10.4%	1.63%	1.59%	1.56%
Announcement Date	2/26/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.35 MYR

Average target price

0.33 MYR

Spread / Average Target

-5.71%

	1st Jan change	Capi.
HEVEABOARD	+1.45%	43M
LOUISIANA-PACIFIC CORPORATION	+25.03%	6.21B
STELLA-JONES INC.	+17.80%	3.72B
CENTURY PLYBOARDS (INDIA) LIMITED	-9.25%	1.86B
CORTICEIRA AMORIM, SGPS, S.A.	+7.44%	1.41B
DEHUA TB NEW DECORATION MATERIAL CO.,LTD	+9.59%	1.11B
DEXCO S.A.	-11.77%	1.05B
OENEO	-16.67%	759M
GREENPLY INDUSTRIES LIMITED	+36.35%	500M
STEICO SE	-8.62%	473M