Financials MGB

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-07-04 pm EDT			5-day change	1st Jan Change
0.8 ^MYR	+0.63%		0.00%	+19.40%

Jun. 13	Mgb Berhad Declare A Final Single Tier Dividend in Respect of the Financial Year Ended 31 December 2023	CI
May. 16	MGB Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	326.1	301	428.9	307.7	396.4	473.3	-	-
Enterprise Value (EV) ¹	326.1	301	428.9	307.7	396.4	473.3	473.3	473.3
P/E ratio	28.5 x	-	14.1 x	20.4 x	8.12 x	8.21 x	7.14 x	6.61 x
Yield	-	-	-	0.96%	-	2.56%	2.81%	2.88%
Capitalization / Revenue	0.43 x	0.53 x	0.72 x	0.5 x	0.41 x	0.35 x	0.31 x	0.3 x
EV / Revenue	0.43 x	0.53 x	0.72 x	0.5 x	0.41 x	0.35 x	0.31 x	0.3 x
EV / EBITDA	7.06 x	6.58 x	7.08 x	6.52 x	4.28 x	4.26 x	3.76 x	3.53 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.84 x	0.64 x	0.86 x	0.61 x	0.71 x	0.8 x	0.73 x	0.67 x
Nbr of stocks (in thousands)	501,653	501,653	591,653	591,653	591,653	591,653	-	-
Reference price ²	0.6500	0.6000	0.7250	0.5200	0.6700	0.8000	0.8000	0.8000
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	754.3	563.3	593.8	612.8	971.8	1,370	1,513	1,560
EBITDA ¹	46.17	45.73	60.57	47.22	92.69	111	126	134
EBIT ¹	30.58	29.84	44.99	31.57	74.24	91.25	105.2	111
Operating Margin	4.05%	5.3%	7.58%	5.15%	7.64%	6.66%	6.95%	7.11%
Earnings before Tax (EBT) ¹	20.88	22.7	40.04	25.61	69.2	86.8	99.1	104.8
Net income ¹	13.42	13.95	27.03	15.1	48.8	59.15	67.6	72
Net margin	1.78%	2.48%	4.55%	2.46%	5.02%	4.32%	4.47%	4.62%
EPS ²	0.0228	-	0.0516	0.0255	0.0825	0.0975	0.1120	0.1210
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.005000	-	0.0205	0.0225	0.0230
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

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)	2.98%	3.01%	5.58%	3%	9.2%	9.95%	10.4%	10.4%
ROA (Net income/ Total Assets)	-	-	2.84%	1.63%	4.78%	5.4%	5.7%	5.9%
Assets ¹	-	-	950.7	927.4	1,020	1,095	1,186	1,220
Book Value Per Share ²	0.7800	0.9400	0.8400	0.8600	0.9400	1.010	1.100	1.190
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	9.44	8.97	5.1	2.73	11.1	10	10	9
Capex / Sales	1.25%	1.59%	0.86%	0.45%	1.14%	0.73%	0.66%	0.58%
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.8 MYR

Average target price

1.16 MYR

Spread / Average Target

+45.00%

	1st Jan change	Capi.
MGB	+19.40%	99.88M
VINCI	-7.48%	63.32B
LARSEN & TOUBRO LIMITED	+2.87%	58.84B
QUANTA SERVICES, INC.	+17.02%	37.27B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+11.43%	31.08B
FERROVIAL SE	+13.20%	29.35B
CHINA RAILWAY GROUP LIMITED	+12.50%	20.74B
WSP GLOBAL INC.	+15.85%	20.06B
EMCOR GROUP, INC.	+68.29%	17.44B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+36.21%	17.24B