Financials Pansar

Equities

PANSAR

MYL8419OO003

Diversified Industrial Goods Wholesale

End-of-day quote BURSA MALAYSIA 23:00:00 13/05/2024 BST 5-day change 1st Jan Change
0.585 MYR +1.74% Intraday chart for Pansar +2.63% -13.97%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 360.4 244.3 288.5 340 289.8 268.7
Enterprise Value (EV) 1 341.8 225.2 265.9 191.4 443 496.8
P/E ratio 38 x 30.9 x 39.3 x 31.7 x 630 x 61.1 x
Yield 1.28% 1.88% 2.38% 1.01% - 0.6%
Capitalization / Revenue 0.93 x 0.66 x 0.85 x 1.12 x 0.48 x 0.33 x
EV / Revenue 0.88 x 0.61 x 0.79 x 0.63 x 0.74 x 0.6 x
EV / EBITDA 49.2 x 97.6 x -149 x -32.4 x 28 x 14.9 x
EV / FCF -19.9 x 17 x 12.9 x -68.9 x -2.42 x -6.92 x
FCF Yield -5.03% 5.88% 7.75% -1.45% -41.3% -14.4%
Price to Book 1.98 x 1.4 x 1.62 x 1.87 x 1.61 x 1.44 x
Nbr of stocks (in thousands) 462,000 458,127 457,977 459,438 460,057 463,230
Reference price 2 0.7800 0.5333 0.6300 0.7400 0.6300 0.5800
Announcement Date 06/07/18 18/07/19 11/08/20 03/08/21 27/07/22 26/07/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 386.5 368 338.7 304 601.6 824.9
EBITDA 1 6.954 2.307 -1.787 -5.916 15.84 33.27
EBIT 1 5.31 0.5068 -3.803 -7.441 6.228 20.35
Operating Margin 1.37% 0.14% -1.12% -2.45% 1.04% 2.47%
Earnings before Tax (EBT) 1 11.58 10.36 9.966 12 3.511 13.7
Net income 1 8.744 7.929 7.349 10.71 0.9206 8.724
Net margin 2.26% 2.15% 2.17% 3.52% 0.15% 1.06%
EPS 2 0.0205 0.0172 0.0160 0.0234 0.001000 0.009499
Free Cash Flow 1 -17.18 13.24 20.61 -2.777 -182.9 -71.74
FCF margin -4.45% 3.6% 6.09% -0.91% -30.4% -8.7%
FCF Conversion (EBITDA) - 573.8% - - - -
FCF Conversion (Net income) - 166.96% 280.48% - - -
Dividend per Share 2 0.0100 0.0100 0.0150 0.007500 - 0.003500
Announcement Date 06/07/18 18/07/19 11/08/20 03/08/21 27/07/22 26/07/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - 153 228
Net Cash position 1 18.5 19.2 22.6 149 - -
Leverage (Debt/EBITDA) - - - - 9.673 x 6.856 x
Free Cash Flow 1 -17.2 13.2 20.6 -2.78 -183 -71.7
ROE (net income / shareholders' equity) 5.03% 4.44% 4.17% 4.46% 0.23% 2.93%
ROA (Net income/ Total Assets) 1.29% 0.12% -0.92% -1.46% 0.8% 1.95%
Assets 1 678.5 6,669 -801.7 -731.5 115.1 448.2
Book Value Per Share 2 0.3900 0.3800 0.3900 0.4000 0.3900 0.4000
Cash Flow per Share 2 0.0200 0.0300 0.0900 0.3100 0.0500 0.0300
Capex 1 1.81 3.08 0.88 2.02 9.1 11
Capex / Sales 0.47% 0.84% 0.26% 0.66% 1.51% 1.33%
Announcement Date 06/07/18 18/07/19 11/08/20 03/08/21 27/07/22 26/07/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA