Financials Solarvest Holdings

Equities

SLVEST

MYQ0215OO002

Electric Utilities

End-of-day quote BURSA MALAYSIA 06:00:00 2024-07-09 pm EDT 5-day change 1st Jan Change
1.64 MYR 0.00% Intraday chart for Solarvest Holdings 0.00% +26.15%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 285.2 969.9 530.7 567.4 1,143 - -
Enterprise Value (EV) 1 285.2 897.2 487.3 606.4 1,109 1,108 1,056
P/E ratio 11.6 x 49.8 x 78.7 x 29.2 x 34.7 x 24.7 x 20.1 x
Yield - 0.65% - - 0.53% 0.64% 0.76%
Capitalization / Revenue 1.13 x 4.32 x 2.99 x 1.55 x 2.11 x 1.85 x 1.49 x
EV / Revenue 1.13 x 4 x 2.74 x 1.66 x 2.25 x 1.79 x 1.37 x
EV / EBITDA 13.1 x 32.8 x 29.4 x 16.8 x 17.8 x 14.2 x 11.3 x
EV / FCF - 330 x -6.95 x -7.6 x -75.2 x -129 x 23.5 x
FCF Yield - 0.3% -14.4% -13.2% -1.33% -0.78% 4.26%
Price to Book 3.48 x 7.29 x 3.06 x 2.83 x 4.43 x 4.07 x 3.37 x
Nbr of stocks (in thousands) 585,935 633,953 667,554 667,554 696,782 - -
Reference price 2 0.4867 1.530 0.7950 0.8500 1.640 1.640 1.640
Announcement Date 6/29/20 5/24/21 5/26/22 5/25/23 5/30/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2020 2021 2022 2023 2024 2025 2026
Net sales 1 253.4 224.3 177.8 365.5 492.6 618 768.5
EBITDA 1 21.8 27.32 16.6 36.04 62.15 78.23 93.37
EBIT 1 19.9 24.52 13.1 31.76 54.69 74.4 88.6
Operating Margin 7.85% 10.93% 7.37% 8.69% 11.1% 12.04% 11.53%
Earnings before Tax (EBT) 1 16.48 22.69 11.02 27.74 46.73 66.69 81.34
Net income 1 15.66 16.14 6.906 19.72 32.26 46.5 57.19
Net margin 6.18% 7.2% 3.89% 5.39% 6.55% 7.52% 7.44%
EPS 2 0.0419 0.0307 0.0101 0.0291 0.0447 0.0663 0.0816
Free Cash Flow 1 - 2.717 -70.12 -79.76 -14.76 -8.6 44.95
FCF margin - 1.21% -39.45% -21.82% -3% -1.39% 5.85%
FCF Conversion (EBITDA) - 9.95% - - 26.05% - 48.14%
FCF Conversion (Net income) - 16.83% - - 46.56% - 78.6%
Dividend per Share 2 - 0.0100 - - 0.008670 0.0105 0.0125
Announcement Date 6/29/20 5/24/21 5/26/22 5/25/23 5/30/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2024 Q2 2024 Q4
Net sales 1 - 96.9
EBITDA 1 - 17.7
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 7.181 18.7
Net margin - 19.3%
EPS 2 0.009900 0.0470
Dividend per Share - -
Announcement Date 11/29/23 -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 39 70.1 - -
Net Cash position 1 - 72.7 43.4 - 100 34.5 87.2
Leverage (Debt/EBITDA) - - - 1.081 x 1.128 x - -
Free Cash Flow 1 - 2.72 -70.1 -79.8 -14.8 -8.6 45
ROE (net income / shareholders' equity) 27.8% 15.2% 4.54% 10.8% 15.2% 17% 17.1%
ROA (Net income/ Total Assets) - - 2.83% 5.41% 6.5% 7.65% 7.8%
Assets 1 - - 243.8 364.7 496 607.8 733.2
Book Value Per Share 2 0.1400 0.2100 0.2600 0.3000 0.3500 0.4000 0.4900
Cash Flow per Share - - - - - - -
Capex 1 0.86 2.41 6.1 137 51.5 36.7 32.5
Capex / Sales 0.34% 1.07% 3.43% 37.47% 10.45% 5.93% 4.23%
Announcement Date 6/29/20 5/24/21 5/26/22 5/25/23 5/30/24 - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
1.64 MYR
Average target price
1.849 MYR
Spread / Average Target
+12.73%
Consensus

Annual profits - Rate of surprise

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