Financials Inari Amertron

Equities

INARI

MYQ0166OO007

Semiconductors

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
3.25 MYR -3.27% Intraday chart for Inari Amertron -5.52% +7.97%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,083 5,492 10,608 9,788 10,228 12,215 - -
Enterprise Value (EV) 1 4,669 4,907 9,707 7,833 8,397 10,314 10,330 10,263
P/E ratio 26.8 x 35.1 x 32 x 24.9 x 31.6 x 36.2 x 28.9 x 25.4 x
Yield 3.25% 2.6% 2.9% 3.79% 2.99% 2.47% 3.15% 3.53%
Capitalization / Revenue 4.41 x 5.19 x 7.43 x 6.32 x 7.55 x 8.12 x 6.97 x 6.26 x
EV / Revenue 4.05 x 4.64 x 6.79 x 5.06 x 6.2 x 6.85 x 5.9 x 5.26 x
EV / EBITDA 15 x 17.8 x 21.3 x 14.3 x 18.1 x 23.6 x 19.1 x 17.1 x
EV / FCF 53.9 x 19.2 x 25 x 19.9 x 58.8 x 25.1 x 27.6 x 23.2 x
FCF Yield 1.85% 5.22% 4.01% 5.02% 1.7% 3.98% 3.62% 4.3%
Price to Book 4.55 x 4.56 x 7.73 x 3.91 x 3.93 x 4.63 x 4.58 x 4.48 x
Nbr of stocks (in thousands) 3,177,151 3,249,765 3,346,436 3,707,673 3,732,935 3,758,343 - -
Reference price 2 1.600 1.690 3.170 2.640 2.740 3.250 3.250 3.250
Announcement Date 8/28/19 8/27/20 8/6/21 8/19/22 8/29/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,153 1,058 1,429 1,548 1,354 1,505 1,752 1,952
EBITDA 1 312.2 275.9 455.7 548.2 463.1 436.2 542.1 601.7
EBIT 1 217.4 173.5 353 447.2 356.4 336.1 430.6 498.4
Operating Margin 18.85% 16.4% 24.71% 28.89% 26.32% 22.33% 24.58% 25.53%
Earnings before Tax (EBT) 1 216.2 172.4 352.2 446.1 355.8 360 457.6 518.9
Net income 1 191.7 155.8 330.5 390.9 323.5 330 414.7 464.7
Net margin 16.63% 14.72% 23.13% 25.25% 23.89% 21.93% 23.67% 23.81%
EPS 2 0.0596 0.0481 0.0991 0.1059 0.0868 0.0898 0.1123 0.1280
Free Cash Flow 1 86.54 256 388.8 393 142.9 410.7 374.2 441.8
FCF margin 7.51% 24.2% 27.21% 25.39% 10.55% 27.29% 21.36% 22.64%
FCF Conversion (EBITDA) 27.72% 92.78% 85.32% 71.69% 30.85% 94.14% 69.04% 73.42%
FCF Conversion (Net income) 45.14% 164.38% 117.64% 100.53% 44.16% 124.43% 90.23% 95.06%
Dividend per Share 2 0.0520 0.0440 0.0920 0.1000 0.0820 0.0804 0.1025 0.1148
Announcement Date 8/28/19 8/27/20 8/6/21 8/19/22 8/29/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 420.3 360.3 336.2 377 402.5 275.8 298.8 383.9 414.1 358.6 480.1 480.1 443.2 443.2
EBITDA 1 144.3 132 127 147.6 127.5 87.61 100.4 119.8 119.5 103.6 149.7 149.7 138.2 138.2
EBIT 1 116.7 103.2 108.8 120.7 101 61.65 73.04 90.4 90.53 74.58 116.5 116.5 107.6 107.6
Operating Margin 27.78% 28.65% 32.38% 32.02% 25.09% 22.35% 24.45% 23.55% 21.86% 20.8% 24.28% 24.28% 24.28% 24.28%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income 107.3 - - - - - - - - - - - - -
Net margin 25.53% - - - - - - - - - - - - -
EPS 2 0.0288 0.0244 0.0232 - 0.0251 0.0154 0.0178 0.0227 0.0231 0.0221 0.0347 0.0347 0.0322 0.0322
Dividend per Share 0.0280 0.0220 0.0220 0.0260 0.0260 - 0.0200 0.0220 - - - - - -
Announcement Date 2/18/22 5/13/22 8/19/22 11/17/22 2/24/23 5/25/23 8/29/23 11/22/23 2/26/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 415 585 902 1,956 1,831 1,901 1,884 1,952
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 86.5 256 389 393 143 411 374 442
ROE (net income / shareholders' equity) 17.6% 13.4% 25.6% 20.2% 12.7% 12.7% 16% 18%
ROA (Net income/ Total Assets) 14.4% 11.1% 20.1% 16.6% 11% 11% 13.7% 15.1%
Assets 1 1,333 1,402 1,642 2,358 2,931 2,993 3,020 3,085
Book Value Per Share 2 0.3500 0.3700 0.4100 0.6800 0.7000 0.7000 0.7100 0.7300
Cash Flow per Share 2 0.0800 0.1100 0.1500 0.1400 0.0700 0.1300 0.1400 0.1600
Capex 1 184 91.6 97.7 111 113 122 118 119
Capex / Sales 15.93% 8.66% 6.84% 7.2% 8.35% 8.14% 6.76% 6.1%
Announcement Date 8/28/19 8/27/20 8/6/21 8/19/22 8/29/23 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
3.25 MYR
Average target price
3.552 MYR
Spread / Average Target
+9.28%
Consensus
  1. Stock Market
  2. Equities
  3. INARI Stock
  4. Financials Inari Amertron