Financials MHC Plantations Bhd.

Equities

MHC

MYL5026OO009

Fishing & Farming

End-of-day quote BURSA MALAYSIA 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
0.94 MYR +0.53% Intraday chart for MHC Plantations Bhd. +0.53% +1.62%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 129.7 146.4 156.3 176.9 198.5 181.8
Enterprise Value (EV) 1 235.8 248.8 223.3 153.6 128.6 100.7
P/E ratio 29.1 x 58.4 x 11.4 x 4.2 x 5.73 x 8.25 x
Yield 2.27% - 1.89% 2.22% 1.98% 3.24%
Capitalization / Revenue 0.38 x 0.49 x 0.44 x 0.3 x 0.33 x 0.38 x
EV / Revenue 0.69 x 0.83 x 0.63 x 0.26 x 0.22 x 0.21 x
EV / EBITDA 5.77 x 6.6 x 3.39 x 1.18 x 1.16 x 1.28 x
EV / FCF 28 x 33 x 6.89 x 1.8 x 2.12 x 2.61 x
FCF Yield 3.58% 3.03% 14.5% 55.6% 47.2% 38.3%
Price to Book 0.52 x 0.59 x 0.62 x 0.62 x 0.64 x 0.57 x
Nbr of stocks (in thousands) 196,544 196,544 196,544 196,544 196,544 196,544
Reference price 2 0.6600 0.7450 0.7950 0.9000 1.010 0.9250
Announcement Date 10/04/19 24/06/20 28/04/21 25/04/22 25/04/23 23/04/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 343.4 301.4 354.7 599 593.3 477.4
EBITDA 1 40.86 37.69 65.79 130.3 111.3 78.69
EBIT 1 19.75 16.79 35.81 100.5 81.64 47.85
Operating Margin 5.75% 5.57% 10.09% 16.78% 13.76% 10.02%
Earnings before Tax (EBT) 1 12.65 9.75 31.2 96.69 80.44 48.12
Net income 1 4.458 2.509 13.67 42.1 34.62 22.03
Net margin 1.3% 0.83% 3.85% 7.03% 5.84% 4.61%
EPS 2 0.0227 0.0128 0.0696 0.2142 0.1762 0.1121
Free Cash Flow 1 8.436 7.537 32.41 85.41 60.75 38.59
FCF margin 2.46% 2.5% 9.14% 14.26% 10.24% 8.08%
FCF Conversion (EBITDA) 20.64% 20% 49.26% 65.56% 54.6% 49.04%
FCF Conversion (Net income) 189.23% 300.4% 237.02% 202.88% 175.48% 175.18%
Dividend per Share 2 0.0150 - 0.0150 0.0200 0.0200 0.0300
Announcement Date 10/04/19 24/06/20 28/04/21 25/04/22 25/04/23 23/04/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 106 102 67 - - -
Net Cash position 1 - - - 23.3 69.9 81.1
Leverage (Debt/EBITDA) 2.596 x 2.716 x 1.019 x - - -
Free Cash Flow 1 8.44 7.54 32.4 85.4 60.8 38.6
ROE (net income / shareholders' equity) 1.25% 0.77% 4.53% 14.4% 9.52% 5.55%
ROA (Net income/ Total Assets) 1.66% 1.43% 3.18% 8.84% 7.03% 4.07%
Assets 1 268.4 175.6 429.5 476.2 492.8 541
Book Value Per Share 2 1.260 1.260 1.280 1.450 1.570 1.630
Cash Flow per Share 2 0.0700 0.0700 0.1700 0.2600 0.3400 0.3900
Capex 1 18.9 23.9 17.2 9.06 14.8 22.9
Capex / Sales 5.52% 7.93% 4.86% 1.51% 2.49% 4.8%
Announcement Date 10/04/19 24/06/20 28/04/21 25/04/22 25/04/23 23/04/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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