WCT HOLDINGS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.14 MYR | +3.64% |
|
+17.53% | +130.30% |
| Jul. 04 | WCT to Establish, List Real Estate Investment Trust | MT |
| Jun. 21 | WCT Secures MYR250 Million Highway Lane Construction Deal; Shares Rally 7% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,227 | 743.7 | 722.8 | 566.9 | 701.5 | 1,616 | - | - |
| Enterprise Value (EV) 1 | 3,711 | 3,174 | 3,277 | 3,131 | 701.5 | 4,258 | 4,072 | 1,616 |
| P/E ratio | 13.7 x | -3.89 x | 7.39 x | 4.46 x | -2.76 x | 32.6 x | 26 x | 21.8 x |
| Yield | - | - | 0.98% | 1.25% | - | 0.66% | 0.59% | 0.44% |
| Capitalization / Revenue | 0.68 x | 0.44 x | 0.41 x | 0.27 x | 0.41 x | 0.83 x | 0.78 x | 0.77 x |
| EV / Revenue | 2.07 x | 1.86 x | 1.87 x | 1.49 x | 0.41 x | 2.18 x | 1.95 x | 0.77 x |
| EV / EBITDA | 11.2 x | 28.4 x | 6.55 x | 11.9 x | -17.7 x | 20.1 x | 18.1 x | 7.42 x |
| EV / FCF | 13.7 x | -93 x | 21.4 x | 17.3 x | - | 13.4 x | 11.8 x | 4.29 x |
| FCF Yield | 7.28% | -1.07% | 4.68% | 5.78% | - | 7.45% | 8.48% | 23.3% |
| Price to Book | 0.33 x | 0.2 x | 0.19 x | 0.18 x | 0.24 x | 0.44 x | 0.42 x | 0.41 x |
| Nbr of stocks (in thousands) | 1,409,965 | 1,403,209 | 1,417,236 | 1,417,236 | 1,417,236 | 1,417,236 | - | - |
| Reference price 2 | 0.8700 | 0.5300 | 0.5100 | 0.4000 | 0.4950 | 1.140 | 1.140 | 1.140 |
| Announcement Date | 2/26/20 | 3/17/21 | 2/24/22 | 2/27/23 | 2/29/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,794 | 1,709 | 1,753 | 2,102 | 1,727 | 1,953 | 2,084 | 2,094 |
| EBITDA 1 | 332.2 | 111.9 | 500.3 | 262.7 | -39.58 | 211.4 | 224.9 | 217.8 |
| EBIT 1 | 308.7 | 86.04 | 458.5 | 223.3 | -78.23 | 198.6 | 217.5 | 195.6 |
| Operating Margin | 17.2% | 5.04% | 26.16% | 10.62% | -4.53% | 10.17% | 10.43% | 9.35% |
| Earnings before Tax (EBT) 1 | 126.6 | -122.9 | 277.9 | 139.7 | -177.8 | 131.4 | 151.7 | 165 |
| Net income 1 | 88.83 | -190.8 | 97.3 | 127.2 | -254.1 | 48.35 | 62.15 | 65.27 |
| Net margin | 4.95% | -11.16% | 5.55% | 6.05% | -14.71% | 2.48% | 2.98% | 3.12% |
| EPS 2 | 0.0634 | -0.1361 | 0.0690 | 0.0897 | -0.1793 | 0.0350 | 0.0438 | 0.0524 |
| Free Cash Flow 1 | 270.1 | -34.12 | 153.2 | 180.9 | - | 317.4 | 345.1 | 376.2 |
| FCF margin | 15.06% | -2% | 8.74% | 8.61% | - | 16.25% | 16.56% | 17.97% |
| FCF Conversion (EBITDA) | 81.32% | - | 30.63% | 68.88% | - | 150.18% | 153.45% | 172.77% |
| FCF Conversion (Net income) | 304.1% | - | 157.51% | 142.3% | - | 656.46% | 555.27% | 576.4% |
| Dividend per Share 2 | - | - | 0.005000 | 0.005000 | - | 0.007500 | 0.006670 | 0.005000 |
| Announcement Date | 2/26/20 | 3/17/21 | 2/24/22 | 2/27/23 | 2/29/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 421 | 604.7 | 561.2 | 470 | 466.5 | 404.6 | 496.6 |
| EBITDA 1 | 226.7 | 103.3 | 40.34 | 77.15 | 41.83 | 52.35 | 37.94 |
| EBIT 1 | 217.4 | 93.29 | 30.03 | 67 | 32.92 | 42.73 | 28.81 |
| Operating Margin | 51.64% | 15.43% | 5.35% | 14.26% | 7.06% | 10.56% | 5.8% |
| Earnings before Tax (EBT) 1 | 148.3 | 61.16 | 3.073 | 43.75 | 31.74 | 19.7 | 6.017 |
| Net income 1 | 51 | 30.56 | 58.48 | 12.5 | 25.62 | -7.688 | 10.74 |
| Net margin | 12.12% | 5.05% | 10.42% | 2.66% | 5.49% | -1.9% | 2.16% |
| EPS 2 | 0.0360 | 0.0216 | 0.0413 | 0.008800 | 0.0181 | -0.005400 | 0.007580 |
| Dividend per Share | 0.005000 | - | - | - | 0.005000 | - | - |
| Announcement Date | 2/24/22 | 5/26/22 | 8/30/22 | 11/29/22 | 2/27/23 | 5/25/23 | 11/23/23 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,484 | 2,430 | 2,555 | 2,564 | - | 2,642 | 2,456 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.479 x | 21.72 x | 5.106 x | 9.76 x | - | 12.5 x | 10.92 x | - |
| Free Cash Flow 1 | 270 | -34.1 | 153 | 181 | - | 317 | 345 | 376 |
| ROE (net income / shareholders' equity) | 2.81% | -0.49% | 2.58% | 2.87% | -6.62% | 1.23% | 1.6% | 1.79% |
| ROA (Net income/ Total Assets) | 1.02% | -0.21% | 0.59% | 1.35% | -3% | 0.35% | 0.68% | 0.67% |
| Assets 1 | 8,734 | 91,303 | 16,575 | 9,412 | 8,476 | 13,814 | 9,207 | 9,790 |
| Book Value Per Share 2 | 2.660 | 2.640 | 2.700 | 2.210 | 2.040 | 2.600 | 2.700 | 2.800 |
| Cash Flow per Share 2 | 0.2100 | -0.0100 | 0.1300 | 0.1600 | 0.0900 | -0.1000 | 0.1800 | - |
| Capex 1 | 30.8 | 16.2 | 26.8 | 46.4 | 44.9 | 72.5 | 74 | 77.2 |
| Capex / Sales | 1.72% | 0.95% | 1.53% | 2.21% | 2.6% | 3.71% | 3.55% | 3.69% |
| Announcement Date | 2/26/20 | 3/17/21 | 2/24/22 | 2/27/23 | 2/29/24 | - | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
1.14
MYR
Average target price
0.7888
MYR
Spread / Average Target
-30.81%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +130.30% | 346M | |
| -6.99% | 65.38B | |
| +3.43% | 60.05B | |
| +24.51% | 39.35B | |
| +12.47% | 31.06B | |
| +15.75% | 30.47B | |
| +18.86% | 20.22B | |
| +9.51% | 19.88B | |
| +74.74% | 17.69B | |
| +30.17% | 16.16B |
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- Financials WCT Holdings
