Financials BP Plastics Holding Bhd.

Equities

BPPLAS

MYL5100OO002

Non-Paper Containers & Packaging

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 02/05/2024 BST			5-day change	1st Jan Change
1.54 ^MYR	+2.67%		+17.56%	+29.41%

02-27	BP Plastics Holding Bhd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI
02-27	BP Plastics Holding Bhd. Announces Single-Tier Fourth Interim Dividend for the Fiscal Year Ended 31 December 2023, Payable on 05 April 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	433.5	354.7	335	433.5	-	-
Enterprise Value (EV) ¹	433.5	354.7	335	433.5	433.5	433.5
P/E ratio	9.33 x	11.6 x	9.5 x	11.1 x	9.55 x	8.09 x
Yield	4.76%	4.37%	-	4.44%	4.98%	6.49%
Capitalization / Revenue	0.97 x	0.71 x	0.71 x	0.83 x	0.77 x	0.72 x
EV / Revenue	0.97 x	0.71 x	0.71 x	0.83 x	0.77 x	0.72 x
EV / EBITDA	6.45 x	7.81 x	6.49 x	7.58 x	6.66 x	-
EV / FCF	-	17.7 x	-327 x	29.4 x	15.4 x	-
FCF Yield	-	5.66%	-0.31%	3.4%	6.48%	-
Price to Book	1.87 x	1.45 x	1.27 x	1.55 x	1.42 x	1.32 x
Nbr of stocks (in thousands)	281,480	281,479	281,479	281,479	-	-
Reference price ²	1.540	1.260	1.190	1.540	1.540	1.540
Announcement Date	21/02/22	27/02/23	27/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	447.2	502.6	469.6	523.5	566.3	603.5
EBITDA ¹	-	67.19	45.41	51.6	57.2	65.1	-
EBIT ¹	-	-	33.84	38.08	45.1	53.7	68.3
Operating Margin	-	-	6.73%	8.11%	8.62%	9.48%	11.32%
Earnings before Tax (EBT) ¹	-	56.77	36.01	42.62	47.47	55.67	70.5
Net income ¹	29.66	46.47	30.54	35.23	38.9	45.07	53.6
Net margin	-	10.39%	6.08%	7.5%	7.43%	7.96%	8.88%
EPS ²	-	0.1651	0.1085	0.1252	0.1393	0.1612	0.1904
Free Cash Flow ¹	-	-	20.06	-1.024	14.73	28.1	-
FCF margin	-	-	3.99%	-0.22%	2.81%	4.96%	-
FCF Conversion (EBITDA)	-	-	44.17%	-	25.75%	43.16%	-
FCF Conversion (Net income)	-	-	65.68%	-	37.87%	62.35%	-
Dividend per Share ²	-	0.0733	0.0550	-	0.0683	0.0767	0.1000
Announcement Date	28/04/21	21/02/22	27/02/23	27/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	19.73
Net margin	-
EPS ²	0.0701
Dividend per Share	-
Announcement Date	15/08/22

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	20.1	-1.02	14.7	28.1	-
ROE (net income / shareholders' equity)	-	-	12.8%	13.8%	14%	14.9%	16.2%
ROA (Net income/ Total Assets)	-	-	9.83%	10.8%	11.4%	12.5%	14.8%
Assets ¹	-	-	310.7	325	340.2	359.6	362.2
Book Value Per Share ²	-	0.8200	0.8700	0.9400	1.000	1.080	1.170
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	44.6	27.8	35	25	-
Capex / Sales	-	-	8.88%	5.91%	6.69%	4.41%	-
Announcement Date	28/04/21	21/02/22	27/02/23	27/02/24	-	-	-

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

Ratings for BP Plastics Holding Bhd.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.54 MYR

Average target price

1.423 MYR

Spread / Average Target

-7.58%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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Other Non-Paper Containers & Packaging