Financials Advance Synergy

Equities

ASB

MYL1481OO000

Leisure & Recreation

End-of-day quote BURSA MALAYSIA 03:30:00 31/05/2024 am IST 5-day change 1st Jan Change
0.11 MYR -4.35% Intraday chart for Advance Synergy -8.33% -21.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 102.2 120.8 139.4 102.2 442.6 354.1
Enterprise Value (EV) 1 140 121.8 150.7 146.9 462.7 411.8
P/E ratio -20.4 x 1.61 x -4.06 x -9.07 x -5.95 x -7.18 x
Yield 2.27% 2.69% 1% 1.36% 0.57% 0.36%
Capitalization / Revenue 0.36 x 0.44 x 1.19 x 0.88 x 1.82 x 1.23 x
EV / Revenue 0.49 x 0.44 x 1.29 x 1.26 x 1.9 x 1.43 x
EV / EBITDA -64.2 x 1.13 x -6.12 x -690 x -61.8 x -47.3 x
EV / FCF -7.44 x 1.56 x 25 x -13.6 x -21.3 x -6.69 x
FCF Yield -13.4% 63.9% 4.01% -7.34% -4.69% -15%
Price to Book 0.24 x 0.25 x 0.31 x 0.23 x 0.9 x 0.84 x
Nbr of stocks (in thousands) 9,29,195 9,29,195 9,29,195 9,29,195 25,29,195 25,29,195
Reference price 2 0.1100 0.1300 0.1500 0.1100 0.1750 0.1400
Announcement Date 30/04/19 21/05/20 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 1 283.6 275.5 117.2 116.3 243.1 287.6
EBITDA 1 -2.179 108 -24.61 -0.213 -7.493 -8.714
EBIT 1 -7.863 102.2 -31.94 -7.336 -15.51 -16.57
Operating Margin -2.77% 37.08% -27.24% -6.31% -6.38% -5.76%
Earnings before Tax (EBT) 1 0.347 95.61 -28.81 2.077 -41.26 -76.84
Net income 1 -4.897 74.94 -34.3 -11.27 -35.29 -49.34
Net margin -1.73% 27.2% -29.26% -9.69% -14.52% -17.16%
EPS 2 -0.005400 0.0807 -0.0369 -0.0121 -0.0294 -0.0195
Free Cash Flow 1 -18.82 77.85 6.04 -10.78 -21.72 -61.57
FCF margin -6.63% 28.25% 5.15% -9.27% -8.93% -21.41%
FCF Conversion (EBITDA) - 72.07% - - - -
FCF Conversion (Net income) - 103.87% - - - -
Dividend per Share 2 0.002500 0.003500 0.001500 0.001500 0.001000 0.000500
Announcement Date 30/04/19 21/05/20 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 37.8 0.97 11.3 44.7 20.1 57.7
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -17.32 x 0.00899 x -0.46 x -209.8 x -2.687 x -6.618 x
Free Cash Flow 1 -18.8 77.8 6.04 -10.8 -21.7 -61.6
ROE (net income / shareholders' equity) -0.23% 15.7% -6.21% -0.27% -8.02% -15.3%
ROA (Net income/ Total Assets) -0.69% 8.64% -2.74% -0.62% -1.2% -1.31%
Assets 1 710.2 867.5 1,252 1,823 2,941 3,767
Book Value Per Share 2 0.4500 0.5200 0.4800 0.4900 0.2000 0.1700
Cash Flow per Share 2 0.0700 0.0500 0.0600 0.0700 0.0200 0.0300
Capex 1 8.91 9.38 15.7 18.2 19.5 10.5
Capex / Sales 3.14% 3.4% 13.37% 15.62% 8.02% 3.67%
Announcement Date 30/04/19 21/05/20 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

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