Financials Deleum

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 27/06/2024 BST			5-day change	1st Jan Change
1.31 ^MYR	+2.34%		-2.96%	+37.17%

06-10	Deleum Secures MYR105 Million Deal from Petronas Carigali; Shares Gain 4%	MT
05-28	Deleum Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	385.5	244.9	200.8	361.4	383.5	514	-	-
Enterprise Value (EV) ¹	385.5	244.9	200.8	361.4	170	428.9	289.6	258.7
P/E ratio	11.6 x	33 x	11.8 x	8.58 x	8.38 x	9.77 x	9.42 x	8 x
Yield	4.58%	-	-	3.56%	5.97%	4.92%	5.23%	5.66%
Capitalization / Revenue	0.44 x	-	-	0.52 x	0.48 x	0.64 x	0.56 x	0.52 x
EV / Revenue	0.44 x	-	-	0.52 x	0.21 x	0.53 x	0.32 x	0.26 x
EV / EBITDA	4.45 x	-	-	3.78 x	1.51 x	3.94 x	2.61 x	2.23 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.1 x	-	-	0.93 x	0.93 x	1.17 x	1.08 x	1.02 x
Nbr of stocks (in thousands)	401,553	401,554	401,554	401,554	401,554	401,554	-	-
Reference price ²	0.9600	0.6100	0.5000	0.9000	0.9550	1.280	1.280	1.280
Announcement Date	26/02/20	29/03/21	23/02/22	28/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	868.3	-	-	698	792	802.3	911.6	979.2
EBITDA ¹	86.67	-	-	95.58	112.4	109	110.8	116.1
EBIT ¹	52.16	-	-	62.08	79.41	80	84.3	84.5
Operating Margin	6.01%	-	-	8.89%	10.03%	9.97%	9.25%	8.63%
Earnings before Tax (EBT) ¹	55.07	-	-	67.89	84.92	83.6	86.4	91.8
Net income ¹	33.15	-	17.07	42.14	45.74	52.45	55.65	58.1
Net margin	3.82%	-	-	6.04%	5.77%	6.54%	6.1%	5.93%
EPS ²	0.0826	0.0185	0.0425	0.1049	0.1139	0.1310	0.1359	0.1600
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0440	-	-	0.0320	0.0570	0.0630	0.0670	0.0725
Announcement Date	26/02/20	29/03/21	23/02/22	28/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	213	85.1	224	255
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.73%	-	11.3%	11.4%	12.3%	13.2%	13.2%
ROA (Net income/ Total Assets)	4.71%	-	6.37%	6.85%	7.5%	-	-
Assets ¹	703.9	-	661.4	667.2	699.3	-	-
Book Value Per Share ²	0.8700	-	0.9700	1.030	1.100	1.180	1.260
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	8.6	12.1	24	20.8	20.4
Capex / Sales	-	-	1.23%	1.52%	2.99%	2.28%	2.08%
Announcement Date	26/02/20	23/02/22	28/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.28 MYR

Average target price

1.523 MYR

Spread / Average Target

+19.01%

	1st Jan change	Capi.
DELEUM	+37.17%	109M
SCHLUMBERGER LIMITED	-9.36%	67.19B
BAKER HUGHES COMPANY	+2.42%	34.35B
TECHNIPFMC PLC	+29.00%	11.18B
WEATHERFORD INTERNATIONAL PLC	+26.66%	9B
NOV INC.	-6.24%	7.47B
CHAMPIONX CORPORATION	+14.31%	6.3B
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED	+44.56%	5.57B
SAIPEM S.P.A.	+62.72%	5.05B
TIDEWATER INC.	+31.72%	4.97B