Financials OpenSys (M)

Equities

OPENSYS

MYQ0040OO004

IT Services & Consulting

End-of-day quote BURSA MALAYSIA 23:00:00 30/05/2024 BST 5-day change 1st Jan Change
0.415 MYR -2.35% Intraday chart for OpenSys (M) -3.49% +12.16%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 84.9 110.2 234.6 163.1 156.4 165.3
Enterprise Value (EV) 1 85.67 109.5 217 133.9 125.6 146.2
P/E ratio 8.36 x 9.93 x 21.2 x 14.8 x 13.4 x 13.4 x
Yield 4.37% 4.05% 1.75% 2.74% 4% 4.59%
Capitalization / Revenue 0.89 x 1.07 x 2.85 x 2.65 x 1.9 x 1.87 x
EV / Revenue 0.9 x 1.06 x 2.63 x 2.18 x 1.53 x 1.65 x
EV / EBITDA 4.07 x 4.76 x 10.2 x 6.21 x 5.7 x 6.49 x
EV / FCF 5.77 x 14.5 x 10.9 x 8.64 x 16.3 x -111 x
FCF Yield 17.3% 6.89% 9.15% 11.6% 6.14% -0.9%
Price to Book 1.48 x 1.72 x 3.31 x 2.11 x 1.89 x 1.89 x
Nbr of stocks (in thousands) 446,838 446,838 446,838 446,838 446,838 446,838
Reference price 2 0.1900 0.2467 0.5250 0.3650 0.3500 0.3700
Announcement Date 30/04/19 29/05/20 30/04/21 29/04/22 28/04/23 29/04/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 95.36 102.9 82.41 61.51 82.29 88.38
EBITDA 1 21.06 23 21.21 21.55 22.05 22.53
EBIT 1 14.91 15.82 15.4 15.54 16.08 17.09
Operating Margin 15.64% 15.38% 18.69% 25.26% 19.54% 19.34%
Earnings before Tax (EBT) 1 14.3 15.35 15.19 15.07 15.87 16.54
Net income 1 10.16 11.1 11.08 11.04 11.7 12.34
Net margin 10.65% 10.79% 13.44% 17.95% 14.21% 13.96%
EPS 2 0.0227 0.0248 0.0248 0.0247 0.0262 0.0276
Free Cash Flow 1 14.85 7.543 19.85 15.49 7.717 -1.312
FCF margin 15.57% 7.33% 24.09% 25.19% 9.38% -1.48%
FCF Conversion (EBITDA) 70.51% 32.8% 93.61% 71.88% 34.99% -
FCF Conversion (Net income) 146.13% 67.96% 179.19% 140.29% 65.98% -
Dividend per Share 2 0.008300 0.0100 0.009200 0.0100 0.0140 0.0170
Announcement Date 30/04/19 29/05/20 30/04/21 29/04/22 28/04/23 29/04/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 0.77 - - - - -
Net Cash position 1 - 0.71 17.6 29.2 30.8 19.2
Leverage (Debt/EBITDA) 0.0365 x - - - - -
Free Cash Flow 1 14.8 7.54 19.9 15.5 7.72 -1.31
ROE (net income / shareholders' equity) 18.8% 18.3% 16.4% 14.9% 14.6% 14.5%
ROA (Net income/ Total Assets) 9.41% 9.39% 9.39% 9.63% 9.66% 9.53%
Assets 1 108 118.3 118 114.7 121.1 129.5
Book Value Per Share 2 0.1300 0.1400 0.1600 0.1700 0.1900 0.2000
Cash Flow per Share 2 0.0200 0.0100 0.0100 0.0200 0.0900 0.0700
Capex 1 6.05 2.78 2.65 1.41 2.47 17.3
Capex / Sales 6.35% 2.7% 3.22% 2.28% 3.01% 19.56%
Announcement Date 30/04/19 29/05/20 30/04/21 29/04/22 28/04/23 29/04/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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