Projected Income Statement: Scientex

Forecast Balance Sheet: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 884 986 677 - - - - -
Change - 11.54% -31.34% - - - - -
Announcement Date 29/09/21 29/09/22 20/09/23 24/09/24 17/09/25 - - -
Estimates

Cash Flow Forecast: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 81.38 172.4 123.1 91.66 233.8 150 150 150
Change - 111.79% -28.58% -25.55% 155.04% -35.83% 0% 0%
Free Cash Flow (FCF) 1 618.2 565.9 682.9 - - - - -
Change - -8.45% 20.66% - - - - -
Announcement Date 29/09/21 29/09/22 20/09/23 24/09/24 17/09/25 - - -
1MYR in Million
Estimates

Forecast Financial Ratios: Scientex

Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 19.34% 16.86% 17.5% 19.41% 19.48% 18.79% 19.17% 19.28%
EBIT Margin (%) 16.42% 14.08% 14.46% 16.46% 16.43% 16.69% 16.68% 16.58%
EBT Margin (%) 16.44% 13.76% 13.95% 16.29% 16.27% 15.83% 15.9% 16.07%
Net margin (%) 12.51% 10.28% 10.75% 12.18% 11.75% 11.77% 11.84% 11.93%
FCF margin (%) 16.91% 14.2% 16.75% - - - - -
FCF / Net Income (%) 135.2% 138.07% 155.85% - - - - -

Profitability

        
ROA 9.43% 7.75% 7.98% 9.35% 7.46% 7.65% 7.85% 8.9%
ROE 16.76% 13.65% 13.48% 15.21% 13.44% 14.2% 14.55% 14.53%

Financial Health

        
Leverage (Debt/EBITDA) 1.25x 1.47x 0.95x - - - - -
Debt / Free cash flow 1.43x 1.74x 0.99x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.23% 4.33% 3.02% 2.05% 5.17% 3.02% 2.85% 2.78%
CAPEX / EBITDA (%) 11.51% 25.66% 17.26% 10.55% 26.57% 16.09% 14.89% 14.42%
CAPEX / FCF (%) 13.16% 30.46% 18.03% - - - - -

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.09 0.09 0.1 0.12 0.12 0.134 0.1442 0.1512
Change - 0% 11.11% 20% 0% 11.67% 7.61% 4.89%
Book Value Per Share 1 1.867 2 2.19 2.43 2.65 2.895 3.185 3.44
Change - 7.1% 9.5% 10.96% 9.05% 9.25% 10.02% 8.01%
EPS 1 0.295 0.2643 0.2825 0.3515 0.3413 0.3757 0.4013 0.4136
Change - -10.41% 6.89% 24.42% -2.9% 10.08% 6.82% 3.06%
Nbr of stocks (in thousands) 1,550,656 1,551,000 1,551,064 1,551,268 1,556,268 1,556,277 1,556,277 1,556,277
Announcement Date 29/09/21 29/09/22 20/09/23 24/09/24 17/09/25 - - -
1MYR
Estimates
2026 *2027 *
P/E Ratio 10x 9.39x
PBR 1.3x 1.18x
EV / Sales 1.18x 1.12x
Yield 3.55% 3.82%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
3.770MYR
Average target price
4.114MYR
Spread / Average Target
+9.13%

Annual profits - Rate of surprise

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