Financials Ho Hup Construction Company

Equities

HOHUP

MYL5169OO007

Construction & Engineering

End-of-day quote BURSA MALAYSIA 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
0.14 MYR -3.45% Intraday chart for Ho Hup Construction Company +3.70% -44.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 118.1 210.3 191.8 150.9 143.5 129.6
Enterprise Value (EV) 1 463.6 474.8 641.5 742.4 762.1 615.9
P/E ratio 4.09 x 3.78 x 3.96 x -7.12 x -4.47 x -1.54 x
Yield - - - - - -
Capitalization / Revenue 0.45 x 0.57 x 0.61 x 0.76 x 0.67 x 0.69 x
EV / Revenue 1.78 x 1.28 x 2.03 x 3.73 x 3.58 x 3.28 x
EV / EBITDA 6.02 x 3.36 x 4.33 x 23.1 x 17.9 x 17.8 x
EV / FCF -6.35 x 2.09 x -17.6 x -5.15 x 229 x -5.48 x
FCF Yield -15.8% 47.8% -5.68% -19.4% 0.44% -18.2%
Price to Book 0.32 x 0.49 x 0.44 x 0.35 x 0.35 x 0.38 x
Nbr of stocks (in thousands) 374,895 412,384 412,384 494,861 494,861 518,261
Reference price 2 0.3150 0.5100 0.4650 0.3050 0.2900 0.2500
Announcement Date 30/04/19 26/06/20 07/05/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 260.8 371.4 315.9 199.1 213 187.9
EBITDA 1 76.97 141.4 148.2 32.15 42.62 34.66
EBIT 1 72.97 134.4 135.6 18.32 28.22 20.9
Operating Margin 27.98% 36.2% 42.92% 9.2% 13.24% 11.12%
Earnings before Tax (EBT) 1 39.32 76.08 76.47 -23.54 -25.85 -85.19
Net income 1 28.89 51.5 48.48 -20.67 -32.13 -80.62
Net margin 11.08% 13.87% 15.35% -10.38% -15.08% -42.89%
EPS 2 0.0771 0.1350 0.1176 -0.0429 -0.0649 -0.1622
Free Cash Flow 1 -73.06 227 -36.41 -144.2 3.333 -112.3
FCF margin -28.01% 61.12% -11.52% -72.4% 1.56% -59.76%
FCF Conversion (EBITDA) - 160.49% - - 7.82% -
FCF Conversion (Net income) - 440.75% - - - -
Dividend per Share - - - - - -
Announcement Date 30/04/19 26/06/20 07/05/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 345 264 450 591 619 486
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.488 x 1.87 x 3.035 x 18.4 x 14.52 x 14.03 x
Free Cash Flow 1 -73.1 227 -36.4 -144 3.33 -112
ROE (net income / shareholders' equity) 7.78% 12.5% 10.8% -6.24% -8.3% -22.2%
ROA (Net income/ Total Assets) 4.6% 7.02% 6.38% 0.8% 1.15% 0.95%
Assets 1 628.3 733.5 759.7 -2,594 -2,797 -8,459
Book Value Per Share 2 0.9700 1.050 1.060 0.8800 0.8300 0.6500
Cash Flow per Share 2 0.0600 0.1300 0.1000 0.0700 0.0400 0.0300
Capex 1 1.45 65.4 5.22 1.76 2.68 1
Capex / Sales 0.56% 17.62% 1.65% 0.88% 1.26% 0.53%
Announcement Date 30/04/19 26/06/20 07/05/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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