Financials Guan Chong

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 25/06/2024 BST			5-day change	1st Jan Change
3.64 ^MYR	+0.55%		-5.45%	+98.91%

05-27	Guan Chong Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-28	Guan Chong Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,105	2,761	2,952	2,819	2,149	4,252	-	-
Enterprise Value (EV) ¹	3,105	2,761	2,952	2,819	2,149	4,252	4,252	4,252
P/E ratio	7.77 x	12.9 x	19.6 x	17.6 x	21.3 x	10.7 x	10 x	14.1 x
Yield	1.14%	1.31%	1.43%	1.47%	1.09%	1.24%	1.47%	1.51%
Capitalization / Revenue	1.06 x	0.75 x	0.75 x	0.64 x	0.4 x	0.5 x	0.45 x	0.52 x
EV / Revenue	1.06 x	0.75 x	0.75 x	0.64 x	0.4 x	0.5 x	0.45 x	0.52 x
EV / EBITDA	9.33 x	7.94 x	10.1 x	9.18 x	6.05 x	5.69 x	5.39 x	7.5 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.27 x	2.29 x	2.17 x	1.6 x	1.23 x	2.06 x	1.75 x	1.6 x
Nbr of stocks (in thousands)	1,008,138	1,034,028	1,054,407	1,174,515	1,174,515	1,174,515	-	-
Reference price ²	3.080	2.670	2.800	2.400	1.830	3.640	3.640	3.640
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,942	3,685	3,923	4,419	5,349	8,578	9,511	8,247
EBITDA ¹	332.8	347.6	293.6	306.9	355.6	747.8	788.3	566.8
EBIT ¹	300.1	294.5	230.8	244	279.2	664.8	665.1	481.2
Operating Margin	10.2%	7.99%	5.88%	5.52%	5.22%	7.75%	6.99%	5.84%
Earnings before Tax (EBT) ¹	268	269.2	197.9	188.1	139.1	508.8	541.3	371.9
Net income ¹	219.4	223.2	156	149	101	398.7	425.9	302.6
Net margin	7.46%	6.06%	3.98%	3.37%	1.89%	4.65%	4.48%	3.67%
EPS ²	0.3966	0.2068	0.1428	0.1367	0.0860	0.3393	0.3633	0.2575
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0350	0.0350	0.0400	0.0352	0.0200	0.0450	0.0533	0.0550
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	27.1%	18.8%	12.3%	9.99%	5.96%	20.8%	18.7%	11.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.9400	1.170	1.290	1.500	1.490	1.770	2.080	2.280
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	61.1	208	148	283	165	100	125	115
Capex / Sales	2.08%	5.65%	3.77%	6.4%	3.08%	1.17%	1.31%	1.39%
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.64 MYR

Average target price

5.16 MYR

Spread / Average Target

+41.76%