Financials Tune Protect Group

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 27/06/2024 BST			5-day change	1st Jan Change
0.36 ^MYR	+1.41%		-2.70%	-10.00%

06-19	Tune Protect Group Berhad Announces Retirement of Grace Lee Hwee Ling as Independent and Non Executive Director	CI
06-19	Tune Protect Group Berhad Announces Cessation of Grace Lee Hwee Ling as Independent and Non Executive Member of Remuneration Committee	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	424.7	327	319.5	236.8	300.9	271.3	-	-
Enterprise Value (EV) ¹	424.7	327	319.5	236.8	300.9	271.3	271.3	271.3
P/E ratio	8.38 x	17.8 x	-21.4 x	-6.89 x	-308 x	10.6 x	8.57 x	7.35 x
Yield	5.31%	-	-	-	-	-	5.28%	5.28%
Capitalization / Revenue	1.67 x	1.72 x	1.62 x	0.8 x	-	0.73 x	0.56 x	-
EV / Revenue	1.67 x	1.72 x	1.62 x	0.8 x	-	0.73 x	0.56 x	-
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.76 x	0.56 x	0.57 x	-	0.58 x	0.47 x	0.45 x	-
Nbr of stocks (in thousands)	751,760	751,760	751,760	751,760	752,260	753,641	-	-
Reference price ²	0.5650	0.4350	0.4250	0.3150	0.4000	0.3600	0.3600	0.3600
Announcement Date	28/02/20	25/02/21	25/02/22	22/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	254.7	189.9	196.8	297.3	-	372.2	486.8	-
EBITDA	-	-	-	-	-	-	-	-
EBIT	57.29	32.3	-5.242	-	-	-	-	-
Operating Margin	22.49%	17.01%	-2.66%	-	-	-	-	-
Earnings before Tax (EBT) ¹	61.65	34.68	-14.78	-33.74	3.171	37	49.25	50.9
Net income ¹	50.68	18.39	-14.99	-34.39	-0.947	25.6	32.55	36.5
Net margin	19.9%	9.69%	-7.62%	-11.57%	-	6.88%	6.69%	-
EPS ²	0.0674	0.0245	-0.0199	-0.0457	-0.001300	0.0340	0.0420	0.0490
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0300	-	-	-	-	-	0.0190	0.0190
Announcement Date	28/02/20	25/02/21	25/02/22	22/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.33%	3.24%	-2.64%	-6.35%	-0.18%	4.7%	5.65%	-
ROA (Net income/ Total Assets)	3.26%	1.1%	-0.86%	-2.05%	-0.07%	1.5%	2.05%	-
Assets ¹	1,557	1,679	1,737	1,677	1,280	1,707	1,588	-
Book Value Per Share ²	0.7400	0.7700	0.7500	-	0.7000	0.7700	0.8000	-
Cash Flow per Share	0.0400	0.0400	0.0300	-	-	-	-	-
Capex	3.62	4.77	18.3	16	-	-	-	-
Capex / Sales	1.42%	2.51%	9.3%	5.37%	-	-	-	-
Announcement Date	28/02/20	25/02/21	25/02/22	22/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.36 MYR

Average target price

0.48 MYR

Spread / Average Target

+33.33%

	1st Jan change	Capi.
TUNE PROTECT GROUP	-10.00%	57.51M
CHUBB LIMITED	+12.87%	107B
MARSH & MCLENNAN COMPANIES	+11.22%	104B
ZURICH INSURANCE GROUP LTD	+8.99%	76.77B
HARTFORD FINANCIAL SERVICES GROUP (THE), INC.	+25.08%	29.74B
TALANX AG	+15.31%	20.61B
BB SEGURIDADE PARTICIPAÇÕES S.A.	-2.14%	11.67B
POWSZECHNY ZAKLAD UBEZPIECZE? SPÓLKA AKCYJNA	+9.03%	11.07B
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	+26.02%	10.59B
ASR NEDERLAND N.V.	+4.24%	10.06B