Financials Southern Cable Group

Equities

SCGBHD

MYQ0225OO001

Electrical Components & Equipment

End-of-day quote BURSA MALAYSIA 23:00:00 20/06/2024 BST 5-day change 1st Jan Change
0.955 MYR -0.52% Intraday chart for Southern Cable Group -3.05% +127.38%

Valuation

Fiscal Period: December 2020 2021 2022 2023
Capitalization 1 388 324 232 336
Enterprise Value (EV) 1 429.8 460.2 427.4 435.2
P/E ratio 18.2 x 29.7 x 16.2 x 12.5 x
Yield 0.82% 0.52% 0.97% 1.79%
Capitalization / Revenue 0.69 x 0.49 x 0.26 x 0.32 x
EV / Revenue 0.76 x 0.7 x 0.49 x 0.41 x
EV / EBITDA 11.2 x 19.8 x 13.1 x 8.26 x
EV / FCF 16.3 x -4.82 x -6.93 x 4.36 x
FCF Yield 6.12% -20.7% -14.4% 22.9%
Price to Book 1.45 x 1.18 x 0.81 x 1.07 x
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,050
Reference price 2 0.4850 0.4050 0.2900 0.4200
Announcement Date 30/04/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 683.2 656.7 562.7 659.9 875.9 1,053
EBITDA 1 46.62 46.95 38.22 23.23 32.66 52.69
EBIT 1 39.79 44.11 34.82 18.52 26.81 45.75
Operating Margin 5.82% 6.72% 6.19% 2.81% 3.06% 4.34%
Earnings before Tax (EBT) 1 33.13 39.32 30.01 14.31 19.86 39.05
Net income 1 26.23 28.55 21.26 10.91 14.54 29.44
Net margin 3.84% 4.35% 3.78% 1.65% 1.66% 2.8%
EPS 2 0.0444 0.0483 0.0266 0.0136 0.0179 0.0336
Free Cash Flow 1 5.325 17.09 26.29 -95.39 -61.65 99.79
FCF margin 0.78% 2.6% 4.67% -14.45% -7.04% 9.48%
FCF Conversion (EBITDA) 11.42% 36.4% 68.79% - - 189.38%
FCF Conversion (Net income) 20.3% 59.85% 123.65% - - 339.01%
Dividend per Share - - 0.004000 0.002100 0.002800 0.007500
Announcement Date 29/09/20 29/09/20 30/04/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 151 141 41.8 136 195 99.2
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.244 x 3 x 1.093 x 5.861 x 5.984 x 1.883 x
Free Cash Flow 1 5.32 17.1 26.3 -95.4 -61.7 99.8
ROE (net income / shareholders' equity) 19.5% 17.7% 9.59% 4.02% 5.17% 9.77%
ROA (Net income/ Total Assets) 6.81% 7.38% 5.31% 2.41% 3.1% 4.86%
Assets 1 385.1 386.8 400.3 451.7 469.2 605.4
Book Value Per Share 2 0.2500 0.3000 0.3300 0.3400 0.3600 0.3900
Cash Flow per Share 2 0.0600 0.0200 0.0400 0.0300 0.0300 0.1200
Capex 1 1.63 2.11 4.42 22 12.4 7.81
Capex / Sales 0.24% 0.32% 0.79% 3.33% 1.42% 0.74%
Announcement Date 29/09/20 29/09/20 30/04/21 29/04/22 28/04/23 30/04/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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