Financials Pintaras Jaya

Equities

PTARAS

MYL9598OO003

Construction & Engineering

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 18/06/2024 BST			5-day change	1st Jan Change
1.78 ^MYR	0.00%		-2.73%	+11.25%

06-07	Pintaras Jaya Berhad Announces Appointment of Tan Yong Kwang as Alternate Director	CI
05-20	Pintaras Jaya Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	403.1	431.2	414.7	391.4	280.3	295.2	-	-
Enterprise Value (EV) ¹	403.1	431.2	414.7	365.3	164.9	172.7	190.9	190.6
P/E ratio	15.5 x	13.6 x	6.46 x	9.52 x	-130 x	34.2 x	25.2 x	22.8 x
Yield	8.23%	3.85%	4%	4.24%	2.96%	1.87%	1.87%	2.06%
Capitalization / Revenue	1.28 x	1.15 x	1.12 x	0.88 x	0.84 x	0.96 x	0.83 x	0.77 x
EV / Revenue	1.28 x	1.15 x	1.12 x	0.82 x	0.5 x	0.56 x	0.54 x	0.5 x
EV / EBITDA	5.26 x	6.26 x	3.82 x	4.42 x	3.85 x	4.94 x	4.45 x	4.24 x
EV / FCF	-38.9 x	13.4 x	-	51.9 x	15.3 x	16.6 x	-12.8 x	51.5 x
FCF Yield	-2.57%	7.48%	-	1.93%	6.51%	6.02%	-7.8%	1.94%
Price to Book	1.27 x	1.33 x	1.12 x	0.98 x	0.7 x	0.73 x	0.72 x	0.71 x
Nbr of stocks (in thousands)	165,865	165,865	165,865	165,865	165,865	165,865	-	-
Reference price ²	2.430	2.600	2.500	2.360	1.690	1.780	1.780	1.780
Announcement Date	29/08/19	27/08/20	30/08/21	29/08/22	25/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	315.9	373.9	370.4	443.1	333.1	306.7	355.9	382.5
EBITDA ¹	76.58	68.91	108.5	82.63	42.81	35	42.9	44.95
EBIT ¹	44.46	41.76	76.41	49.23	7.43	12	15	17
Operating Margin	14.07%	11.17%	20.63%	11.11%	2.23%	3.91%	4.21%	4.44%
Earnings before Tax (EBT) ¹	31.61	39.26	75.12	48.26	5.887	10.37	11.95	17.8
Net income ¹	26.1	31.69	64.12	41.2	-2.119	6.433	8.8	12.83
Net margin	8.26%	8.48%	17.31%	9.3%	-0.64%	2.1%	2.47%	3.36%
EPS ²	0.1570	0.1910	0.3870	0.2480	-0.0130	0.0520	0.0707	0.0780
Free Cash Flow ¹	-10.35	32.26	-	7.04	10.74	10.4	-14.9	3.7
FCF margin	-3.28%	8.63%	-	1.59%	3.23%	3.39%	-4.19%	0.97%
FCF Conversion (EBITDA)	-	46.81%	-	8.52%	25.1%	29.71%	-	8.23%
FCF Conversion (Net income)	-	101.79%	-	17.09%	-	161.66%	-	28.83%
Dividend per Share ²	0.2000	0.1000	0.1000	0.1000	0.0500	0.0333	0.0333	0.0367
Announcement Date	29/08/19	27/08/20	30/08/21	29/08/22	25/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2023 Q2	2023 Q3	2023 Q4
Net sales	-	-	-
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	1.763	3.665	-4.181
Net margin	-	-	-
EPS	0.0100	-	-
Dividend per Share	-	-	-
Announcement Date	24/02/23	26/05/23	25/08/23

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	26.2	115	123	104	105
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-10.4	32.3	-	7.04	10.7	10.4	-14.9	3.7
ROE (net income / shareholders' equity)	8.12%	9.87%	18.4%	10.7%	-0.53%	1.25%	2.15%	2.45%
ROA (Net income/ Total Assets)	5.93%	6.3%	-	7.12%	-0.37%	0.3%	1.2%	1.2%
Assets ¹	440	502.8	-	578.9	571.2	2,144	733.3	1,069
Book Value Per Share ²	1.920	1.950	2.240	2.410	2.410	2.440	2.470	2.510
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	37.7	39.8	22.9	11	6.78	27.5	27.5	27.5
Capex / Sales	11.94%	10.63%	6.19%	2.49%	2.04%	8.97%	7.73%	7.19%
Announcement Date	29/08/19	27/08/20	30/08/21	29/08/22	25/08/23	-	-	-

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

Ratings for Pintaras Jaya

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.78 MYR

Average target price

1.823 MYR

Spread / Average Target

+2.43%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Construction & Engineering

	1st Jan change	Capi.
PINTARAS JAYA	+11.25%	62.63M
VINCI	-11.70%	61.58B
LARSEN & TOUBRO LIMITED	+1.80%	60.83B
QUANTA SERVICES, INC.	+30.31%	41.16B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+15.18%	31.67B
FERROVIAL SE	+10.18%	28.6B
CHINA RAILWAY GROUP LIMITED	+14.79%	20.71B
WSP GLOBAL INC.	+11.06%	18.96B
EMCOR GROUP, INC.	+79.03%	18.13B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+34.48%	17.25B

Other Construction & Engineering