Financials Spring Art Holdings

Equities

SPRING

MYQ0216OO000

Home Furnishings

End-of-day quote BURSA MALAYSIA 06:00:00 2024-07-08 pm EDT 5-day change 1st Jan Change
0.23 MYR -2.13% Intraday chart for Spring Art Holdings -6.12% +9.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 108.1 149.6 122.6 74.82 87.29
Enterprise Value (EV) 1 81.25 125.2 98.98 74.52 84.51
P/E ratio 5.98 x 23 x 21.3 x 34.6 x 15.9 x
Yield 1.92% 1.11% - - 2.38%
Capitalization / Revenue 1.76 x 2.75 x 2.24 x 1.65 x 1.55 x
EV / Revenue 1.32 x 2.3 x 1.81 x 1.64 x 1.5 x
EV / EBITDA 6.63 x 14.3 x 11.1 x 15.4 x 8.29 x
EV / FCF 9.93 x -1,249 x -74.2 x -3.14 x 51.7 x
FCF Yield 10.1% -0.08% -1.35% -31.9% 1.93%
Price to Book 1.69 x 2.04 x 1.58 x 0.93 x 1.01 x
Nbr of stocks (in thousands) 415,687 415,687 415,689 415,689 415,689
Reference price 2 0.2600 0.3600 0.2950 0.1800 0.2100
Announcement Date 5/29/20 5/28/21 4/29/22 4/20/23 4/30/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 50.38 61.43 54.41 54.78 45.32 56.23
EBITDA 1 11.56 12.25 8.737 8.917 4.848 10.19
EBIT 1 9.66 10.53 6.911 6.804 2.706 8.009
Operating Margin 19.17% 17.13% 12.7% 12.42% 5.97% 14.24%
Earnings before Tax (EBT) 1 8.433 10.44 8.263 7.281 2.869 7.46
Net income 1 6.229 8.069 6.502 5.766 2.17 5.488
Net margin 12.36% 13.13% 11.95% 10.52% 4.79% 9.76%
EPS 2 12.45 0.0435 0.0156 0.0139 0.005199 0.0132
Free Cash Flow 1 -1.495 8.185 -0.1002 -1.333 -23.74 1.634
FCF margin -2.97% 13.32% -0.18% -2.43% -52.38% 2.91%
FCF Conversion (EBITDA) - 66.82% - - - 16.04%
FCF Conversion (Net income) - 101.44% - - - 29.77%
Dividend per Share - 0.005000 0.004000 - - 0.005000
Announcement Date 10/16/19 5/29/20 5/28/21 4/29/22 4/20/23 4/30/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 3.11 - - - - -
Net Cash position 1 - 26.8 24.4 23.7 0.3 2.79
Leverage (Debt/EBITDA) 0.2685 x - - - - -
Free Cash Flow 1 -1.5 8.19 -0.1 -1.33 -23.7 1.63
ROE (net income / shareholders' equity) 19.8% 16.1% 9.46% 7.63% 2.75% 6.58%
ROA (Net income/ Total Assets) 14.2% 9.96% 4.94% 4.42% 1.66% 4.58%
Assets 1 43.82 81 131.7 130.4 131 120
Book Value Per Share 2 72.10 0.1500 0.1800 0.1900 0.1900 0.2100
Cash Flow per Share 2 4.540 0.0100 0.0300 0.0500 0.0300 0.0300
Capex 1 7.4 4.07 3.13 1.83 34.6 4.25
Capex / Sales 14.68% 6.63% 5.75% 3.33% 76.44% 7.56%
Announcement Date 10/16/19 5/29/20 5/28/21 4/29/22 4/20/23 4/30/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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