Financials Ajiya

Equities

AJIYA

MYL7609OO000

Construction Supplies & Fixtures

End-of-day quote BURSA MALAYSIA 23:00:00 16/05/2024 BST 5-day change 1st Jan Change
1.52 MYR -1.30% Intraday chart for Ajiya +0.66% -0.65%

Valuation

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Capitalization 1 170.3 123.4 139.7 255.8 504.3 448.5
Enterprise Value (EV) 1 84.05 8.099 6.878 109.9 342.7 232
P/E ratio 6.96 x 24.4 x 118 x 15.3 x 17.2 x 8.09 x
Yield - - - - - -
Capitalization / Revenue 0.45 x 0.38 x 0.55 x 0.95 x 1.71 x 1.47 x
EV / Revenue 0.22 x 0.02 x 0.03 x 0.41 x 1.17 x 0.76 x
EV / EBITDA 2.14 x 0.67 x 2.04 x 4.14 x 19.3 x 16 x
EV / FCF 3.38 x 0.51 x 0.33 x 8.55 x 109 x -18.2 x
FCF Yield 29.6% 195% 304% 11.7% 0.92% -5.5%
Price to Book 0.5 x 0.35 x 0.39 x 0.73 x 1.26 x 0.97 x
Nbr of stocks (in thousands) 298,699 297,299 297,299 279,561 288,160 291,238
Reference price 2 0.5700 0.4150 0.4700 0.9150 1.750 1.540
Announcement Date 26/03/19 24/03/20 31/03/21 28/03/22 28/03/23 29/03/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net sales 1 382.2 325.3 254.9 268.5 294 304.8
EBITDA 1 39.24 12.1 3.378 26.52 17.8 14.47
EBIT 1 28.97 2.788 -5.811 17.98 9.673 6.881
Operating Margin 7.58% 0.86% -2.28% 6.69% 3.29% 2.26%
Earnings before Tax (EBT) 1 31.71 5.954 -0.745 25.38 36.62 58.86
Net income 1 24.59 5.074 1.195 17.51 29.37 55.43
Net margin 6.43% 1.56% 0.47% 6.52% 9.99% 18.18%
EPS 2 0.0819 0.0170 0.004000 0.0599 0.1019 0.1903
Free Cash Flow 1 24.85 15.81 20.88 12.85 3.153 -12.76
FCF margin 6.5% 4.86% 8.19% 4.79% 1.07% -4.19%
FCF Conversion (EBITDA) 63.33% 130.65% 618.27% 48.45% 17.71% -
FCF Conversion (Net income) 101.08% 311.62% 1,748.34% 73.37% 10.74% -
Dividend per Share - - - - - -
Announcement Date 26/03/19 24/03/20 31/03/21 28/03/22 28/03/23 29/03/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 86.2 115 133 146 162 217
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 24.9 15.8 20.9 12.8 3.15 -12.8
ROE (net income / shareholders' equity) 6.77% 1.04% 0.1% 4.67% 7.33% 12.1%
ROA (Net income/ Total Assets) 3.82% 0.37% -0.77% 2.35% 1.23% 0.81%
Assets 1 643.3 1,390 -155.2 744.9 2,381 6,829
Book Value Per Share 2 1.150 1.180 1.190 1.260 1.390 1.590
Cash Flow per Share 2 0.2900 0.1600 0.0900 0.1300 0.1700 0.1300
Capex 1 4.85 2 12 1.95 17.9 18.7
Capex / Sales 1.27% 0.61% 4.69% 0.73% 6.1% 6.12%
Announcement Date 26/03/19 24/03/20 31/03/21 28/03/22 28/03/23 29/03/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA