Financials UWC

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 23:00:00 29/04/2024 BST			5-day change	1st Jan Change
3.08 ^MYR	-0.65%		+5.48%	-12.50%

02:32pm	UWC Berhad Announces the Appointment of Jariyah Binti Hashim as Independent Director	CI
03-26	UWC's Profit Plunges in Fiscal Q2	MT

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	506.2	2,503	6,318	4,383	3,702	3,295	-	-
Enterprise Value (EV) ¹	476.5	2,450	6,249	4,345	3,607	3,138	3,106	3,059
P/E ratio	14 x	43.3 x	69 x	41.1 x	67.3 x	68.4 x	31.8 x	30.8 x
Yield	2.17%	-	0.29%	0.73%	-	1.07%	2.03%	3.04%
Capitalization / Revenue	3.51 x	11.4 x	22.2 x	12.7 x	13.6 x	11.7 x	8.19 x	7.62 x
EV / Revenue	3.3 x	11.2 x	21.9 x	12.6 x	13.3 x	11.1 x	7.72 x	7.07 x
EV / EBITDA	10.4 x	31 x	48.9 x	27.9 x	41.7 x	33.5 x	17.5 x	14.8 x
EV / FCF	-	72.7 x	137 x	279 x	34.3 x	546 x	146 x	47 x
FCF Yield	-	1.38%	0.73%	0.36%	2.91%	0.18%	0.68%	2.13%
Price to Book	2.87 x	11.2 x	20.7 x	11.1 x	8.81 x	7.19 x	6.01 x	5.26 x
Nbr of stocks (in thousands)	1,100,400	1,100,400	1,100,633	1,101,365	1,101,667	1,101,954	-	-
Reference price ²	0.4600	2.275	5.740	3.980	3.360	3.080	3.080	3.080
Announcement Date	03/09/19	03/09/20	07/09/21	06/09/22	12/09/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	144.4	219	285	345.6	271.7	281.7	402.2	432.5
EBITDA ¹	45.81	79.07	127.8	155.6	86.42	93.55	177.5	206.5
EBIT ¹	36.79	68.6	115.1	140	68.13	73.15	155.5	181.1
Operating Margin	25.48%	31.32%	40.37%	40.51%	25.07%	25.97%	38.67%	41.88%
Earnings before Tax (EBT) ¹	46.19	72.63	114.8	139.7	67.87	61.89	132.8	137.4
Net income ¹	36.24	57.76	91.53	106.9	55.02	49.27	105.7	108.6
Net margin	25.1%	26.37%	32.11%	30.94%	20.25%	17.49%	26.28%	25.11%
EPS ²	0.0329	0.0525	0.0832	0.0969	0.0499	0.0450	0.0967	0.1000
Free Cash Flow ¹	-	33.71	45.65	15.56	105.1	5.75	21.25	65.1
FCF margin	-	15.39%	16.02%	4.5%	38.68%	2.04%	5.28%	15.05%
FCF Conversion (EBITDA)	-	42.63%	35.72%	10%	121.61%	6.15%	11.97%	31.53%
FCF Conversion (Net income)	-	58.36%	49.87%	14.55%	191.03%	11.67%	20.11%	59.94%
Dividend per Share ²	0.0100	-	0.0167	0.0291	-	0.0328	0.0624	0.0935
Announcement Date	03/09/19	03/09/20	07/09/21	06/09/22	12/09/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	29.7	53.1	69.1	38.5	94.8	157	189	236
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	33.7	45.6	15.6	105	5.75	21.3	65.1
ROE (net income / shareholders' equity)	27.8%	28.9%	34.7%	30.5%	13.5%	12.4%	21.2%	20.4%
ROA (Net income/ Total Assets)	17.6%	-	28.6%	26.2%	11.9%	10.2%	21.1%	-
Assets ¹	206	-	320	408.5	460.7	481.9	501	-
Book Value Per Share ²	0.1600	0.2000	0.2800	0.3600	0.3800	0.4300	0.5100	0.5900
Cash Flow per Share ²	-	-	-	0.0300	0.1200	0.0800	0.1300	0.1500
Capex ¹	13	21.5	28.6	18.4	31.3	43.9	40.7	38.7
Capex / Sales	9.02%	9.79%	10.02%	5.32%	11.53%	15.57%	10.12%	8.95%
Announcement Date	03/09/19	03/09/20	07/09/21	06/09/22	12/09/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.08 MYR

Average target price

3.76 MYR

Spread / Average Target

+22.08%

	1st Jan change	Capi.
UWC	-12.50%	712M
ATLAS COPCO AB	+11.26%	82.83B
PARKER-HANNIFIN CORPORATION	+15.27%	69.72B
INGERSOLL RAND INC.	+20.79%	37.53B
XYLEM INC.	+18.17%	31.66B
FANUC CORPORATION	+12.78%	27.96B
FORTIVE CORPORATION	+3.31%	26.56B
TECHTRONIC INDUSTRIES CO. LTD.	+13.70%	25.65B
SANDVIK AB	+0.37%	25.46B
DOVER CORPORATION	+14.91%	24.44B