SHIN YANG SHIPPING CORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.6 MYR | +1.69% |
|
+0.84% | -3.23% |
| 03-25 | Shin Yang Group Repurchases Shares | MT |
| 03-22 | Shin Yang Group Repurchases Shares | MT |
Valuation
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 390.5 | 351.4 | 216.3 | 414.6 | 470.9 | 687.2 |
| Enterprise Value (EV) 1 | 666.5 | 635 | 403.4 | 504.4 | 391.5 | 415.8 |
| P/E ratio | 16.7 x | -4.07 x | -1.48 x | 24.3 x | 3.35 x | 3.82 x |
| Yield | - | - | - | - | 3.05% | 4.96% |
| Capitalization / Revenue | 0.63 x | 0.54 x | 0.36 x | 0.69 x | 0.53 x | 0.73 x |
| EV / Revenue | 1.08 x | 0.98 x | 0.68 x | 0.84 x | 0.44 x | 0.44 x |
| EV / EBITDA | 5.75 x | 24.3 x | -13.2 x | 4.38 x | 1.62 x | 1.51 x |
| EV / FCF | -4.43 x | 19.7 x | 4.07 x | 4.8 x | 2.55 x | 2.99 x |
| FCF Yield | -22.6% | 5.08% | 24.5% | 20.8% | 39.2% | 33.4% |
| Price to Book | 0.33 x | 0.33 x | 0.24 x | 0.45 x | 0.44 x | 0.56 x |
| Nbr of stocks (in thousands) | 1,183,245 | 1,171,259 | 1,169,304 | 1,167,974 | 1,148,545 | 1,135,830 |
| Reference price 2 | 0.3300 | 0.3000 | 0.1850 | 0.3550 | 0.4100 | 0.6050 |
| Announcement Date | 31/10/18 | 31/10/19 | 30/10/20 | 29/10/21 | 31/10/22 | 31/10/23 |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 619.1 | 645.2 | 596.5 | 601.5 | 893.5 | 939.6 |
| EBITDA 1 | 115.9 | 26.1 | -30.48 | 115.3 | 241.3 | 275.1 |
| EBIT 1 | 35.26 | -71.35 | -129.5 | 31.85 | 156.4 | 184 |
| Operating Margin | 5.7% | -11.06% | -21.71% | 5.29% | 17.5% | 19.59% |
| Earnings before Tax (EBT) 1 | 28.85 | -82.72 | -154.2 | 21.32 | 151.1 | 180.3 |
| Net income 1 | 23.66 | -86.67 | -146.1 | 17.05 | 141.9 | 180.9 |
| Net margin | 3.82% | -13.43% | -24.5% | 2.83% | 15.88% | 19.26% |
| EPS 2 | 0.0198 | -0.0738 | -0.1249 | 0.0146 | 0.1224 | 0.1583 |
| Free Cash Flow 1 | -150.5 | 32.29 | 99.01 | 105.2 | 153.4 | 138.9 |
| FCF margin | -24.31% | 5% | 16.6% | 17.48% | 17.17% | 14.78% |
| FCF Conversion (EBITDA) | - | 123.7% | - | 91.23% | 63.58% | 50.48% |
| FCF Conversion (Net income) | - | - | - | 616.65% | 108.09% | 76.77% |
| Dividend per Share | - | - | - | - | 0.0125 | 0.0300 |
| Announcement Date | 31/10/18 | 31/10/19 | 30/10/20 | 29/10/21 | 31/10/22 | 31/10/23 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 276 | 284 | 187 | 89.8 | - | - |
| Net Cash position 1 | - | - | - | - | 79.4 | 271 |
| Leverage (Debt/EBITDA) | 2.38 x | 10.87 x | -6.14 x | 0.779 x | - | - |
| Free Cash Flow 1 | -151 | 32.3 | 99 | 105 | 153 | 139 |
| ROE (net income / shareholders' equity) | 2.6% | -7.89% | -14.6% | 1.92% | 14.3% | 15.9% |
| ROA (Net income/ Total Assets) | 1.26% | -2.66% | -5.3% | 1.42% | 6.8% | 7.52% |
| Assets 1 | 1,879 | 3,258 | 2,757 | 1,198 | 2,086 | 2,406 |
| Book Value Per Share 2 | 0.9900 | 0.9100 | 0.7800 | 0.7900 | 0.9300 | 1.070 |
| Cash Flow per Share 2 | 0.0700 | 0.0600 | 0.1000 | 0.0700 | 0.2500 | 0.3500 |
| Capex 1 | 145 | 99 | 20.7 | 38.1 | 25.2 | 65.7 |
| Capex / Sales | 23.5% | 15.35% | 3.48% | 6.33% | 2.82% | 6.99% |
| Announcement Date | 31/10/18 | 31/10/19 | 30/10/20 | 29/10/21 | 31/10/22 | 31/10/23 |
1MYR in Million2MYR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -3.23% | 143M | |
| +9.56% | 28B | |
| +33.25% | 25.03B | |
| -1.97% | 12.87B | |
| +3.17% | 11.04B | |
| +6.24% | 9.91B | |
| +5.05% | 9.68B | |
| +45.07% | 9.6B | |
| +3.66% | 8B | |
| -21.81% | 7.79B |
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