Financials My E.G. Services

Equities

MYEG

MYQ0138OO006

IT Services & Consulting

End-of-day quote BURSA MALAYSIA 23:00:00 24/06/2024 BST 5-day change 1st Jan Change
1.04 MYR +4.52% Intraday chart for My E.G. Services -2.80% +27.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,826 6,947 7,914 6,471 6,080 7,757 - -
Enterprise Value (EV) 1 3,926 6,878 7,986 6,838 6,842 8,218 7,977 7,695
P/E ratio 12.6 x 24.9 x 25.5 x 17.1 x 12.3 x 13.1 x 12.2 x 11.3 x
Yield 1.82% 1.15% 1.2% 1.63% 2.37% 2.13% 2.36% 2.66%
Capitalization / Revenue 6.42 x 13.1 x 10.9 x 9.94 x 7.85 x 8.16 x 7.6 x 7.2 x
EV / Revenue 6.59 x 12.9 x 11 x 10.5 x 8.84 x 8.65 x 7.82 x 7.14 x
EV / EBITDA 11.6 x 22.3 x 21.4 x 16.1 x 11.7 x 11.7 x 10.6 x 9.53 x
EV / FCF 40.9 x 39.7 x -157 x 46.6 x 13.7 x 23 x 14.8 x 12.2 x
FCF Yield 2.44% 2.52% -0.64% 2.15% 7.27% 4.34% 6.76% 8.17%
Price to Book 5.42 x 5.85 x 5.01 x 3.42 x 2.75 x 2.89 x 2.56 x 2.17 x
Nbr of stocks (in thousands) 6,956,676 7,236,530 7,396,617 7,437,976 7,459,543 7,459,056 - -
Reference price 2 0.5500 0.9600 1.070 0.8700 0.8150 1.040 1.040 1.040
Announcement Date 27/02/20 03/03/21 25/02/22 27/02/23 28/02/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 595.9 532.1 724.4 651.2 774.3 950.4 1,020 1,078
EBITDA 1 339.3 309 373.7 425.1 585.7 699.6 753 807.5
EBIT 1 305.1 277.3 326 364.8 524.3 632.4 674.4 720.2
Operating Margin 51.2% 52.12% 45% 56.02% 67.72% 66.54% 66.1% 66.83%
Earnings before Tax (EBT) 1 308.1 268.3 320.8 404.4 488.3 597.6 641.1 696.5
Net income 1 304.6 268.2 316 398.7 487.7 591 633.7 688.3
Net margin 51.12% 50.4% 43.62% 61.23% 62.98% 62.18% 62.11% 63.86%
EPS 2 0.0435 0.0385 0.0420 0.0510 0.0660 0.0793 0.0850 0.0922
Free Cash Flow 1 95.91 173.1 -50.99 146.7 497.6 356.6 539.1 628.8
FCF margin 16.09% 32.53% -7.04% 22.54% 64.27% 37.53% 52.84% 58.34%
FCF Conversion (EBITDA) 28.27% 56.01% - 34.52% 84.96% 50.98% 71.59% 77.87%
FCF Conversion (Net income) 31.48% 64.55% - 36.81% 102.05% 60.35% 85.07% 91.36%
Dividend per Share 2 0.0100 0.0110 0.0128 0.0142 0.0193 0.0221 0.0246 0.0277
Announcement Date 27/02/20 03/03/21 25/02/22 27/02/23 28/02/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 111.6 120
Net margin - -
EPS 2 0.0150 0.0160
Dividend per Share - -
Announcement Date 21/08/23 20/11/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 99.8 - 71.3 367 763 460 219 -
Net Cash position 1 - 69.1 - - - - - 62.4
Leverage (Debt/EBITDA) 0.2941 x - 0.1909 x 0.8626 x 1.302 x 0.6578 x 0.2913 x -
Free Cash Flow 1 95.9 173 -51 147 498 357 539 629
ROE (net income / shareholders' equity) 47.9% 29% 23.4% 23.3% 23.8% 24.2% 21.7% 20%
ROA (Net income/ Total Assets) 31.9% 21.9% 19.1% 18% 16.9% 18.6% 17.3% 16.6%
Assets 1 956.1 1,223 1,651 2,212 2,883 3,177 3,663 4,146
Book Value Per Share 2 0.1000 0.1600 0.2100 0.2500 0.3000 0.3600 0.4100 0.4800
Cash Flow per Share 2 0.0200 0.0400 0.0200 0.0400 0.0700 0.0900 0.0900 0.0900
Capex 1 53.2 134 164 156 5.42 140 85 35
Capex / Sales 8.92% 25.21% 22.58% 23.97% 0.7% 14.73% 8.33% 3.25%
Announcement Date 27/02/20 03/03/21 25/02/22 27/02/23 28/02/24 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
1.04 MYR
Average target price
1.301 MYR
Spread / Average Target
+25.14%
Consensus

Annual profits - Rate of surprise

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