Financials WCT Holdings

Equities

WCT

MYL9679OO001

Construction & Engineering

End-of-day quote BURSA MALAYSIA 23:00:00 14/05/2024 BST 5-day change 1st Jan Change
0.535 MYR -1.83% Intraday chart for WCT Holdings 0.00% +8.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,227 743.7 722.8 566.9 701.5 758.2 - -
Enterprise Value (EV) 1 3,711 3,174 3,277 3,131 701.5 758.2 758.2 758.2
P/E ratio 13.7 x -3.89 x 7.39 x 4.46 x -2.76 x 14.3 x 11.9 x 11.5 x
Yield - - 0.98% 1.25% - 0.93% 1.25% 0.93%
Capitalization / Revenue 0.68 x 0.44 x 0.41 x 0.27 x 0.41 x 0.38 x 0.37 x 0.37 x
EV / Revenue 0.68 x 0.44 x 0.41 x 0.27 x 0.41 x 0.38 x 0.37 x 0.37 x
EV / EBITDA 3.69 x 6.65 x 1.44 x 2.16 x - 3.28 x 3.1 x 3.91 x
EV / FCF 4.54 x -21.8 x 4.72 x 3.13 x - 2.32 x 2.18 x 2 x
FCF Yield 22% -4.59% 21.2% 31.9% - 43% 45.9% 50.1%
Price to Book 0.33 x 0.2 x 0.19 x 0.18 x - 0.19 x 0.18 x -
Nbr of stocks (in thousands) 1,409,965 1,403,209 1,417,236 1,417,236 1,417,236 1,417,236 - -
Reference price 2 0.8700 0.5300 0.5100 0.4000 0.4950 0.5350 0.5350 0.5350
Announcement Date 26/02/20 17/03/21 24/02/22 27/02/23 26/04/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,794 1,709 1,753 2,102 1,727 1,997 2,067 2,048
EBITDA 1 332.2 111.9 500.3 262.7 - 231.1 245 194.1
EBIT 1 308.7 86.04 458.5 223.3 -78.23 224.8 242 182.6
Operating Margin 17.2% 5.04% 26.16% 10.62% -4.53% 11.26% 11.71% 8.92%
Earnings before Tax (EBT) 1 126.6 -122.9 277.9 139.7 -177.8 135.1 151.8 150.3
Net income 1 88.83 -190.8 97.3 127.2 -254.1 52.62 63.73 54.28
Net margin 4.95% -11.16% 5.55% 6.05% -14.71% 2.63% 3.08% 2.65%
EPS 2 0.0634 -0.1361 0.0690 0.0897 -0.1793 0.0373 0.0448 0.0463
Free Cash Flow 1 270.1 -34.12 153.2 180.9 - 326.2 347.9 379.5
FCF margin 15.06% -2% 8.74% 8.61% - 16.33% 16.83% 18.53%
FCF Conversion (EBITDA) 81.32% - 30.63% 68.88% - 141.15% 142.02% 195.52%
FCF Conversion (Net income) 304.1% - 157.51% 142.3% - 619.96% 545.87% 699.22%
Dividend per Share 2 - - 0.005000 0.005000 - 0.005000 0.006670 0.005000
Announcement Date 26/02/20 17/03/21 24/02/22 27/02/23 26/04/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q3
Net sales 1 - 421 604.7 561.2 470 466.5 404.6 496.6
EBITDA 1 - 226.7 103.3 40.34 77.15 41.83 52.35 37.94
EBIT 1 - 217.4 93.29 30.03 67 32.92 42.73 28.81
Operating Margin - 51.64% 15.43% 5.35% 14.26% 7.06% 10.56% 5.8%
Earnings before Tax (EBT) 1 - 148.3 61.16 3.073 43.75 31.74 19.7 6.017
Net income 1 -35.23 51 30.56 58.48 12.5 25.62 -7.688 10.74
Net margin - 12.12% 5.05% 10.42% 2.66% 5.49% -1.9% 2.16%
EPS 2 -0.0249 0.0360 0.0216 0.0413 0.008800 0.0181 -0.005400 0.007580
Dividend per Share - 0.005000 - - - 0.005000 - -
Announcement Date 25/11/21 24/02/22 26/05/22 30/08/22 29/11/22 27/02/23 25/05/23 23/11/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 2,484 2,430 2,555 2,564 - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 7.479 x 21.72 x 5.106 x 9.76 x - - - -
Free Cash Flow 1 270 -34.1 153 181 - 326 348 380
ROE (net income / shareholders' equity) 2.81% -0.49% 2.58% 2.87% - 1.14% 1.39% 1.34%
ROA (Net income/ Total Assets) 1.02% -0.21% 0.59% 1.35% - 0.4% 0.53% 0.2%
Assets 1 8,734 91,303 16,575 9,412 - 13,154 11,950 27,138
Book Value Per Share 2 2.660 2.640 2.700 2.210 - 2.800 2.900 -
Cash Flow per Share 2 0.2100 -0.0100 0.1300 0.1600 - 0.0600 0.0600 -
Capex 1 30.8 16.2 26.8 46.4 - 57.7 59.3 100
Capex / Sales 1.72% 0.95% 1.53% 2.21% - 2.89% 2.87% 4.89%
Announcement Date 26/02/20 17/03/21 24/02/22 27/02/23 26/04/24 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
0.535 MYR
Average target price
0.55 MYR
Spread / Average Target
+2.80%
Consensus
  1. Stock Market
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  4. Financials WCT Holdings
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