Financials SLP Resources

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 02/05/2024 BST			5-day change	1st Jan Change
1.09 ^MYR	+4.81%		+14.74%	+21.11%

05-03	SLP Resources Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-26	SLP Resources Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	367.7	285.3	293.2	313.8	285.3	345.5	-	-
Enterprise Value (EV) ¹	367.7	285.3	293.2	313.8	369.6	281.8	345.5	345.5
P/E ratio	17.3 x	17.5 x	16.5 x	15.3 x	26.9 x	20.7 x	17.9 x	15.1 x
Yield	4.74%	6.11%	5.95%	5.56%	-	5.05%	5.05%	5.05%
Capitalization / Revenue	2.2 x	1.94 x	1.74 x	1.69 x	1.76 x	1.91 x	1.77 x	1.77 x
EV / Revenue	2.2 x	1.94 x	1.74 x	1.69 x	2.28 x	1.56 x	1.77 x	1.77 x
EV / EBITDA	12 x	10.1 x	-	10.2 x	19.9 x	10.4 x	12.1 x	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2 x	1.57 x	1.58 x	1.63 x	1.49 x	1.85 x	1.83 x	1.6 x
Nbr of stocks (in thousands)	316,960	316,960	316,960	316,960	316,960	316,960	-	-
Reference price ²	1.160	0.9000	0.9250	0.9900	0.9000	1.090	1.090	1.090
Announcement Date	26/02/20	24/02/21	25/02/22	24/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	166.8	147	168.9	185.7	162.3	180.8	195	195.2
EBITDA ¹	30.54	28.24	-	30.69	18.6	27.05	28.6	-
EBIT ¹	-	-	22.57	24.3	12.26	21.17	24.53	29.3
Operating Margin	-	-	13.36%	13.08%	7.55%	11.71%	12.58%	15.01%
Earnings before Tax (EBT) ¹	25.3	22.33	23.3	25.54	14.24	22.1	25.53	30
Net income ¹	21.22	16.31	17.73	20.58	10.61	16.73	19.33	22.8
Net margin	12.72%	11.1%	10.49%	11.08%	6.53%	9.25%	9.91%	11.68%
EPS ²	0.0669	0.0515	0.0559	0.0649	0.0335	0.0527	0.0610	0.0720
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0550	0.0550	0.0550	0.0550	-	0.0550	0.0550	0.0550
Announcement Date	26/02/20	24/02/21	25/02/22	24/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	84.3	-	-	-
Net Cash position ¹	-	-	-	-	-	63.7	-	-
Leverage (Debt/EBITDA)	-	-	-	-	4.535 x	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.6%	8.92%	-	10.9%	5.52%	8.53%	9.9%	10.6%
ROA (Net income/ Total Assets)	10.1%	-	-	9.23%	4.72%	7.4%	8.6%	8.9%
Assets ¹	210.4	-	-	222.9	224.6	226.1	224.8	256.2
Book Value Per Share ²	0.5800	0.5700	0.5900	0.6100	0.6000	0.5900	0.6000	0.6800
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	1.12	0.46	-	-	-
Capex / Sales	-	-	-	0.6%	0.28%	-	-	-
Announcement Date	26/02/20	24/02/21	25/02/22	24/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.09 MYR

Average target price

0.8433 MYR

Spread / Average Target

-22.63%

	1st Jan change	Capi.
SLP RESOURCES	+21.11%	72.89M
AMCOR PLC	+3.89%	14.46B
BERRY GLOBAL GROUP, INC.	-12.66%	6.82B
TAIWAN HON CHUAN ENTERPRISE CO., LTD.	+34.40%	1.5B
FP CORPORATION	-12.45%	1.37B
SCIENTEX	+10.24%	1.37B
SHANGHAI ZIJIANG ENTERPRISE GROUP CO., LTD.	+30.43%	1.28B
SHENZHEN LEAGUER CO., LTD.	-22.77%	1.03B
HUANGSHAN NOVEL CO.,LTD	+20.36%	851M
MYERS INDUSTRIES, INC.	+16.73%	841M