Financials Spritzer

Equities

SPRITZER

MYL7103OO004

Non-Alcoholic Beverages

End-of-day quote BURSA MALAYSIA 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
2.51 MYR +0.40% Intraday chart for Spritzer -1.18% +37.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 472.4 413.6 440.9 463.7 578.8 801.4 - -
Enterprise Value (EV) 1 472.4 413.6 440.9 458.1 548.6 770.2 761.7 738.4
P/E ratio 15.4 x 11.8 x 18.7 x 13.1 x 12.1 x 14.5 x 13.7 x 12.7 x
Yield 2% 2.28% 2.14% 2.82% 3.01% 2.26% 2.36% 2.52%
Capitalization / Revenue 1.26 x 1.34 x 1.33 x 1.07 x 1.18 x 1.52 x 1.43 x 1.37 x
EV / Revenue 1.26 x 1.34 x 1.33 x 1.06 x 1.12 x 1.46 x 1.36 x 1.26 x
EV / EBITDA 8.14 x - 8.82 x 6.99 x 6.11 x 8.01 x 7.5 x 6.76 x
EV / FCF -15,217,565 x - - - - - - -
FCF Yield -0% - - - - - - -
Price to Book 1.14 x - - 1.22 x 1.1 x 1.4 x 1.31 x 1.23 x
Nbr of stocks (in thousands) 314,953 314,953 314,953 313,304 316,291 319,302 - -
Reference price 2 1.500 1.313 1.400 1.480 1.830 2.510 2.510 2.510
Announcement Date 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 374.4 308.4 331 433.3 490.7 528.5 560 585
EBITDA 1 58.04 - 50 65.56 89.8 96.17 101.5 109.2
EBIT 1 42 35.2 30.87 46.06 67.54 75.6 79.73 85.2
Operating Margin 11.22% 11.41% 9.33% 10.63% 13.76% 14.3% 14.24% 14.56%
Earnings before Tax (EBT) 1 41.3 34.64 30.34 45.2 65.92 73.1 77.28 83.32
Net income 1 31.25 35.66 24.24 36.96 49.49 55.38 58.72 63.32
Net margin 8.35% 11.56% 7.32% 8.53% 10.09% 10.48% 10.49% 10.83%
EPS 2 0.0971 0.1109 0.0747 0.1133 0.1518 0.1730 0.1835 0.1975
Free Cash Flow -31.04 - - - - - - -
FCF margin -8.29% - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0300 0.0300 0.0300 0.0417 0.0550 0.0568 0.0592 0.0632
Announcement Date 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 7.622 11.43
Net margin - -
EPS 2 0.0235 0.0348
Dividend per Share - -
Announcement Date 8/29/22 11/28/22
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 5.6 30.2 31.3 39.7 63.1
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -31 - - - - - - -
ROE (net income / shareholders' equity) 7.77% - 5.35% 7.73% 12.9% 10.1% 9.97% 9.93%
ROA (Net income/ Total Assets) - - - 6.38% 10.2% 7.9% 8% 8.3%
Assets 1 - - - 579.5 483.7 700.9 734.1 763
Book Value Per Share 2 1.320 - - 1.210 1.670 1.800 1.910 2.040
Cash Flow per Share - - - - - - - -
Capex 1 63.6 - - 103 78 20 20 20
Capex / Sales 16.99% - - 23.72% 15.91% 3.78% 3.57% 3.42%
Announcement Date 2/26/20 2/26/21 2/25/22 2/27/23 2/28/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
2.51 MYR
Average target price
2.685 MYR
Spread / Average Target
+6.97%
Consensus

Annual profits - Rate of surprise