MAH SING GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.93 MYR | +5.46% |
|
+6.63% | +132.53% |
| Jul. 04 | Mah Sing to Buy Land in Kuala Lumpur for MYR108 Million | MT |
| Jun. 28 | Mah Sing Closes Land Acquisition Worth MYR104 Million | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,712 | 2,112 | 1,675 | 1,372 | 2,015 | 4,941 | - | - |
| Enterprise Value (EV) 1 | 1,215 | 2,172 | 2,164 | 2,144 | 2,396 | 5,772 | 5,928 | 6,147 |
| P/E ratio | 15.7 x | 77.7 x | 15.8 x | 8.69 x | 9.36 x | 19.9 x | 17.3 x | 15.8 x |
| Yield | 4.75% | 1.91% | 3.84% | 5.31% | 4.82% | 2.25% | 2.53% | 2.83% |
| Capitalization / Revenue | 0.96 x | 1.38 x | 0.96 x | 0.59 x | 0.77 x | 1.79 x | 1.64 x | 1.55 x |
| EV / Revenue | 0.68 x | 1.42 x | 1.23 x | 0.93 x | 0.92 x | 2.09 x | 1.96 x | 1.92 x |
| EV / EBITDA | 3.9 x | 10.7 x | 7.21 x | 5.93 x | - | 13.2 x | 11.9 x | 11.7 x |
| EV / FCF | 3.68 x | 11.5 x | -15.6 x | 4.17 x | 3.99 x | -79 x | -74.9 x | 24.7 x |
| FCF Yield | 27.1% | 8.68% | -6.4% | 24% | 25.1% | -1.27% | -1.33% | 4.04% |
| Price to Book | 0.49 x | 0.61 x | 0.48 x | 0.38 x | 0.55 x | 1.24 x | 1.18 x | 1.15 x |
| Nbr of stocks (in thousands) | 2,427,687 | 2,427,688 | 2,427,688 | 2,427,688 | 2,427,688 | 2,560,138 | - | - |
| Reference price 2 | 0.7050 | 0.8700 | 0.6900 | 0.5650 | 0.8300 | 1.930 | 1.930 | 1.930 |
| Announcement Date | 2/28/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,790 | 1,531 | 1,754 | 2,317 | 2,603 | 2,762 | 3,018 | 3,195 |
| EBITDA 1 | 311.8 | 203.7 | 300.2 | 361.2 | - | 438.4 | 499.4 | 524.7 |
| EBIT 1 | 271.4 | 164.4 | 261.4 | 320.5 | 379.2 | 389.1 | 443.9 | 468.4 |
| Operating Margin | 15.17% | 10.74% | 14.9% | 13.83% | 14.57% | 14.09% | 14.71% | 14.66% |
| Earnings before Tax (EBT) 1 | 270.2 | 153.7 | 219.2 | 264.1 | 327.4 | 341.6 | 394.4 | 431.4 |
| Net income 1 | 200.3 | 100.4 | 106.7 | 180 | 215.3 | 242 | 278.5 | 305.3 |
| Net margin | 11.19% | 6.56% | 6.08% | 7.77% | 8.27% | 8.76% | 9.23% | 9.56% |
| EPS 2 | 0.0449 | 0.0112 | 0.0437 | 0.0650 | 0.0887 | 0.0972 | 0.1117 | 0.1220 |
| Free Cash Flow 1 | 329.9 | 188.6 | -138.5 | 514.4 | 601.1 | -73.06 | -79.11 | 248.6 |
| FCF margin | 18.43% | 12.32% | -7.9% | 22.2% | 23.09% | -2.65% | -2.62% | 7.78% |
| FCF Conversion (EBITDA) | 105.78% | 92.6% | - | 142.41% | - | - | - | 47.39% |
| FCF Conversion (Net income) | 164.65% | 187.85% | - | 285.67% | 279.22% | - | - | 81.43% |
| Dividend per Share 2 | 0.0335 | 0.0166 | 0.0265 | 0.0300 | 0.0400 | 0.0434 | 0.0488 | 0.0545 |
| Announcement Date | 2/28/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 |
|---|---|
| Net sales 1 | 644.3 |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income | - |
| Net margin | - |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 11/29/23 |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 60.4 | 489 | 772 | 381 | 831 | 987 | 1,206 |
| Net Cash position 1 | 497 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.2964 x | 1.629 x | 2.137 x | - | 1.896 x | 1.976 x | 2.298 x |
| Free Cash Flow 1 | 330 | 189 | -138 | 514 | 601 | -73.1 | -79.1 | 249 |
| ROE (net income / shareholders' equity) | 4.16% | 2.22% | 3.87% | 4.69% | 5.93% | 6.37% | 7.02% | 7.31% |
| ROA (Net income/ Total Assets) | 2.95% | 1.48% | 2.32% | 2.68% | 3.36% | 3.65% | 3.89% | 4.09% |
| Assets 1 | 6,793 | 6,771 | 4,599 | 6,716 | 6,403 | 6,622 | 7,165 | 7,462 |
| Book Value Per Share 2 | 1.440 | 1.420 | 1.430 | 1.470 | 1.520 | 1.560 | 1.640 | 1.680 |
| Cash Flow per Share 2 | 0.1500 | 0.1200 | 0.0700 | 0.3200 | 0.1200 | -0.1000 | -0.0300 | 0.1200 |
| Capex 1 | 34.4 | 52.3 | 180 | 76.3 | 53.3 | 93.9 | 71.6 | 52.9 |
| Capex / Sales | 1.92% | 3.42% | 10.26% | 3.29% | 2.05% | 3.4% | 2.37% | 1.66% |
| Announcement Date | 2/28/20 | 2/25/21 | 2/28/22 | 2/28/23 | 2/27/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
1.93
MYR
Average target price
2.044
MYR
Spread / Average Target
+5.89%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +132.53% | 1.05B | |
| +33.34% | 26.39B | |
| +13.12% | 24.66B | |
| -0.71% | 24.34B | |
| -14.27% | 23.91B | |
| +36.57% | 20.78B | |
| +2.27% | 19.37B | |
| +1.02% | 18.84B | |
| +36.37% | 17.54B | |
| +21.27% | 14.64B |
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- Financials Mah Sing Group
