Financials Swift Haulage

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 13/06/2024 BST			5-day change	1st Jan Change
0.555 ^MYR	-0.89%		-3.48%	+1.83%

05-15	Swift Haulage's Profit More Than Doubles in Q1	MT
05-13	Swift Haulage Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	707	423.8	480	490	-	-
Enterprise Value (EV) ¹	707	1,097	1,139	1,122	1,095	1,069
P/E ratio	12.1 x	8.44 x	7.79 x	11.5 x	9.6 x	9.74 x
Yield	1.87%	4.17%	2.94%	2.93%	3.2%	3.6%
Capitalization / Revenue	1.19 x	0.66 x	0.71 x	0.69 x	0.65 x	0.63 x
EV / Revenue	1.19 x	1.7 x	1.7 x	1.57 x	1.46 x	1.38 x
EV / EBITDA	4.9 x	7.2 x	6.74 x	7.37 x	6.57 x	6.44 x
EV / FCF	-	23.8 x	32.1 x	15 x	15.2 x	14.7 x
FCF Yield	-	4.2%	3.12%	6.68%	6.58%	6.81%
Price to Book	0.96 x	0.65 x	0.68 x	0.67 x	0.65 x	-
Nbr of stocks (in thousands)	732,662	882,844	880,713	882,873	-	-
Reference price ²	0.9650	0.4800	0.5450	0.5550	0.5550	0.5550
Announcement Date	24/02/22	27/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	592.8	644.8	671.5	713.9	748.6	775.8
EBITDA ¹	-	144.4	152.3	169	152.2	166.7	166
EBIT ¹	-	88.49	91.42	99.73	93.3	106.8	91.2
Operating Margin	-	14.93%	14.18%	14.85%	13.07%	14.27%	11.76%
Earnings before Tax (EBT) ¹	-	61.14	64	65.9	58.22	62.56	66.1
Net income ¹	41.69	50.58	50.46	61.73	45.72	52.55	50.35
Net margin	-	8.53%	7.83%	9.19%	6.4%	7.02%	6.49%
EPS ²	0.3410	0.0798	0.0569	0.0700	0.0482	0.0578	0.0570
Free Cash Flow ¹	-	-	46.04	35.52	74.9	72	72.8
FCF margin	-	-	7.14%	5.29%	10.49%	9.62%	9.38%
FCF Conversion (EBITDA)	-	-	30.23%	21.02%	49.21%	43.19%	43.84%
FCF Conversion (Net income)	-	-	91.24%	57.54%	163.82%	137.01%	144.59%
Dividend per Share ²	-	0.0180	0.0200	0.0160	0.0162	0.0178	0.0200
Announcement Date	30/11/21	24/02/22	27/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	674	659	632	605	579
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	4.423 x	3.899 x	4.15 x	3.629 x	3.486 x
Free Cash Flow ¹	-	-	46	35.5	74.9	72	72.8
ROE (net income / shareholders' equity)	-	9.47%	7.81%	9.48%	6.45%	7.25%	6.35%
ROA (Net income/ Total Assets)	-	3.78%	3.35%	3.93%	2.85%	2.85%	2.8%
Assets ¹	-	1,338	1,508	1,570	1,604	1,844	1,798
Book Value Per Share ²	-	1.010	0.7400	0.8000	0.8300	0.8600	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	118	99.5	56.7	84.4	71.8
Capex / Sales	-	-	18.32%	14.82%	7.94%	11.27%	9.25%
Announcement Date	30/11/21	24/02/22	27/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.555 MYR

Average target price

0.5967 MYR

Spread / Average Target

+7.51%

	1st Jan change	Capi.
SWIFT HAULAGE	+1.83%	104M
OLD DOMINION FREIGHT LINE, INC.	-14.18%	37.79B
JB HUNT TRANSPORT SERVICES	-20.89%	16.31B
TFI INTERNATIONAL INC.	+5.20%	11.64B
LANDSTAR SYSTEM, INC.	-6.83%	6.45B
RXO, INC.	-13.54%	2.36B
WERNER ENTERPRISES, INC.	-14.92%	2.29B
STEF	+2.28%	1.53B
MARTEN TRANSPORT, LTD.	-16.49%	1.43B
ALPS LOGISTICS CO., LTD.	+244.37%	1.28B