Financials Focus Lumber

Equities

FLBHD

MYL5197OO008

Forest & Wood Products

End-of-day quote BURSA MALAYSIA 23:00:00 26/06/2024 BST 5-day change 1st Jan Change
0.48 MYR +1.05% Intraday chart for Focus Lumber -1.03% -6.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 154.7 108.5 86.02 122.6 137 112.5
Enterprise Value (EV) 1 53.28 16.3 -3.226 43.72 12.26 21.36
P/E ratio 5.51 x -15.5 x -9.65 x 7.96 x 4.73 x -14.3 x
Yield 10.6% 4.72% 3.45% 6.45% 7.94% 3.88%
Capitalization / Revenue 0.76 x 0.76 x 0.98 x 0.92 x 1.02 x 1.87 x
EV / Revenue 0.26 x 0.11 x -0.04 x 0.33 x 0.09 x 0.35 x
EV / EBITDA 1.32 x -2.34 x 0.44 x 2.2 x 0.36 x -1.97 x
EV / FCF 3.89 x -7.42 x -0.68 x -3.34 x 0.28 x -0.84 x
FCF Yield 25.7% -13.5% -146% -30% 355% -119%
Price to Book 0.85 x 0.63 x 0.54 x 0.72 x 0.72 x 0.65 x
Nbr of stocks (in thousands) 204,852 204,723 197,739 197,739 217,405 218,432
Reference price 2 0.7550 0.5300 0.4350 0.6200 0.6300 0.5150
Announcement Date 26/04/19 11/06/20 28/04/21 21/04/22 20/04/23 25/04/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 203.4 142.4 87.78 134 134.8 60.19
EBITDA 1 40.31 -6.96 -7.405 19.84 34.23 -10.82
EBIT 1 35.17 -12.42 -12.46 16.35 30.8 -14.06
Operating Margin 17.29% -8.72% -14.19% 12.2% 22.84% -23.36%
Earnings before Tax (EBT) 1 37.75 -10.04 -9.857 18.35 36.26 -10.5
Net income 1 28.42 -6.976 -9.039 15.4 27.67 -7.888
Net margin 13.97% -4.9% -10.3% 11.5% 20.52% -13.11%
EPS 2 0.1371 -0.0341 -0.0451 0.0779 0.1333 -0.0361
Free Cash Flow 1 13.68 -2.198 4.716 -13.11 43.52 -25.41
FCF margin 6.73% -1.54% 5.37% -9.79% 32.28% -42.21%
FCF Conversion (EBITDA) 33.95% - - - 127.16% -
FCF Conversion (Net income) 48.16% - - - 157.3% -
Dividend per Share 2 0.0800 0.0250 0.0150 0.0400 0.0500 0.0200
Announcement Date 26/04/19 11/06/20 28/04/21 21/04/22 20/04/23 25/04/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 101 92.2 89.2 78.9 125 91.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 13.7 -2.2 4.72 -13.1 43.5 -25.4
ROE (net income / shareholders' equity) 16% -3.93% -5.47% 9.41% 15.4% -4.33%
ROA (Net income/ Total Assets) 11.5% -4.11% -4.48% 5.84% 10.1% -4.67%
Assets 1 247.4 169.8 201.6 263.6 273.5 168.8
Book Value Per Share 2 0.8900 0.8400 0.8000 0.8600 0.8800 0.8000
Cash Flow per Share 2 0.2500 0.1900 0.2100 0.1500 0.1300 0.0700
Capex 1 3.91 6.99 0.56 1.64 2.02 4.4
Capex / Sales 1.92% 4.91% 0.63% 1.22% 1.5% 7.32%
Announcement Date 26/04/19 11/06/20 28/04/21 21/04/22 20/04/23 25/04/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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