Financials AME Real Estate Investment Trust

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 13/05/2024 am IST			5-day change	1st Jan Change
1.49 ^MYR	0.00%		+1.36%	+14.62%

25/04	AME REIT Posts Higher DPU for Fiscal Q4	MT
24/04	AME Real Estate Investment Trust Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	CI

Fiscal Period: März	2023	2024	2025	2026
Capitalization ¹	614.7	781.9	-	-
Enterprise Value (EV) ¹	678.9	798.6	868.9	915.9
P/E ratio	11.7 x	13.9 x	21.3 x	18.6 x
Yield	3.22%	5.4%	5.17%	5.17%
Capitalization / Revenue	26.9 x	14.9 x	15.9 x	15 x
EV / Revenue	29.7 x	16.6 x	17.7 x	17.6 x
EV / EBITDA	11.9 x	22.7 x	21.3 x	20 x
EV / FCF	-	-	-	-
FCF Yield	-	-	-	-
Price to Book	1.1 x	1.24 x	1.35 x	1.36 x
Nbr of stocks (in thousands)	5,20,895	5,24,782	-	-
Reference price ²	1.180	1.490	1.490	1.490
Announcement Date	30/05/23	24/04/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: März	2022	2023	2024	2025	2026
Net sales ¹	-	22.87	48	49.05	52
EBITDA ¹	-	57.28	38.7	40.8	45.8
EBIT ¹	-	57.28	37.7	40.8	45.8
Operating Margin	-	250.45%	81.51%	83.18%	88.08%
Earnings before Tax (EBT) ¹	26.95	56.29	52.86	36.9	40
Net income ¹	26.95	52.49	51.13	36.9	40
Net margin	-	229.48%	106.51%	75.23%	76.92%
EPS ²	-	0.1009	0.0978	0.0700	0.0800
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.0380	0.0735	0.0770	0.0770
Announcement Date	17/08/22	30/05/23	24/04/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2022	2023	2024	2025	2026
Net Debt ¹	-	64.2	84.9	87	134
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	1.121 x	2.455 x	2.132 x	2.926 x
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	18.8%	8.99%	6.4%	6.75%
ROA (Net income/ Total Assets)	-	16%	7.49%	5.2%	5.5%
Assets ¹	-	327.8	682.8	709.6	727.3
Book Value Per Share ²	-	1.070	1.100	1.100	1.100
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	-	1.52	2	3
Capex / Sales	-	-	3.17%	4.08%	5.77%
Announcement Date	17/08/22	30/05/23	24/04/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.49 MYR

Average target price

1.495 MYR

Spread / Average Target

+0.34%

	1st Jan change	Capi.
AME REAL ESTATE INVESTMENT TRUST	+14.62%	165M
CHINA RESOURCES LAND LIMITED	+12.14%	29.29B
MITSUI FUDOSAN CO., LTD.	+27.75%	28.36B
SUN HUNG KAI PROPERTIES LIMITED	-7.64%	25.5B
DLF LIMITED	+15.47%	24.47B
MITSUBISHI ESTATE CO., LTD.	+46.83%	23.83B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+11.05%	21.57B
EMAAR PROPERTIES	+2.90%	19.32B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.14%	16.73B
POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.	-3.64%	15.96B