Financials Dagang NeXchange

Equities

DNEX

MYL4456OO009

IT Services & Consulting

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 18/06/2024 BST			5-day change	1st Jan Change
0.495 ^MYR	-1.00%		0.00%	+23.75%

06-19	Dagang NeXchange Berhad Announces the Retirement of Encik Muhammad Saifullah Bin Mohd Isa as Executive Director	CI
05-29	Dagang Nexchange Lists Private Placement Shares	MT

Valuation

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Capitalization ¹	465.9	2,398	1,610	1,263	1,701	-	-
Enterprise Value (EV) ¹	465.9	2,398	1,610	1,263	1,701	1,701	1,701
P/E ratio	15.7 x	12.2 x	2.89 x	-10.5 x	18.8 x	12.3 x	11.1 x
Yield	-	-	1.18%	-	-	-	-
Capitalization / Revenue	1.6 x	-	1.12 x	0.66 x	1.1 x	0.95 x	0.96 x
EV / Revenue	1.6 x	-	1.12 x	0.66 x	1.1 x	0.95 x	0.96 x
EV / EBITDA	8.45 x	-	2.05 x	2.65 x	5.51 x	3.07 x	3.23 x
EV / FCF	44,953,105 x	-	4,557,479 x	-	-	-	-
FCF Yield	0%	-	0%	-	-	-	-
Price to Book	0.98 x	-	0.86 x	0.71 x	0.69 x	0.62 x	0.59 x
Nbr of stocks (in thousands)	1,758,090	3,155,325	3,156,331	3,156,331	3,471,964	-	-
Reference price ²	0.2650	0.7600	0.5100	0.4000	0.4900	0.4900	0.4900
Announcement Date	25/02/20	24/09/21	29/08/22	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net sales ¹	290.5	-	1,437	1,913	1,545	1,790	1,771
EBITDA ¹	55.13	-	784	476.7	308.7	554.2	527.5
EBIT ¹	33.58	-	663.2	233.9	220.6	331.4	340.7
Operating Margin	11.56%	-	46.15%	12.23%	14.28%	18.51%	19.24%
Earnings before Tax (EBT) ¹	47.59	-	613	157.2	166.6	281.4	291.7
Net income ¹	30.01	120	549.6	-119.9	81.5	127.8	138.7
Net margin	10.33%	-	38.24%	-6.27%	5.28%	7.14%	7.83%
EPS ²	0.0169	0.0624	0.1767	-0.0380	0.0260	0.0400	0.0440
Free Cash Flow	10.36	-	353.2	-	-	-	-
FCF margin	3.57%	-	24.58%	-	-	-	-
FCF Conversion (EBITDA)	18.8%	-	45.05%	-	-	-	-
FCF Conversion (Net income)	34.54%	-	64.27%	-	-	-	-
Dividend per Share ²	-	-	0.006000	-	-	-	-
Announcement Date	25/02/20	24/09/21	29/08/22	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q4
Net sales ¹	283.7
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	29/02/24

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	10.4	-	353	-	-	-	-
ROE (net income / shareholders' equity)	6.5%	-	38.2%	-6.64%	5.75%	10.2%	6.6%
ROA (Net income/ Total Assets)	4.78%	-	16.3%	-2.59%	1.7%	2.6%	2.7%
Assets ¹	627.8	-	3,380	4,629	4,794	4,915	5,137
Book Value Per Share ²	0.2700	-	0.5900	0.5600	0.7100	0.7900	0.8300
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	10.8	-	291	705	303	312	109
Capex / Sales	3.71%	-	20.22%	36.85%	19.58%	17.4%	6.15%
Announcement Date	25/02/20	24/09/21	29/08/22	29/02/24	-	-	-

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 Dagang NeXchange

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.49 MYR

Average target price

0.505 MYR

Spread / Average Target

+3.06%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other IT Services & Consulting

	1st Jan change	Capi.
DAGANG NEXCHANGE	+23.75%	365M
ACCENTURE PLC	-13.31%	179B
TATA CONSULTANCY SERVICES LTD.	-0.16%	165B
IBM	+6.02%	157B
AUTOMATIC DATA PROCESSING, INC.	+5.26%	100B
CROWDSTRIKE HOLDINGS, INC.	+51.57%	94.79B
RELX PLC	+16.21%	85.07B
INFOSYS LIMITED	-1.78%	75.03B
HCL TECHNOLOGIES LIMITED	-1.54%	46.94B
SNOWFLAKE INC.	-36.41%	42.73B

Other IT Services & Consulting