Financials Boilermech Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 25/06/2024 am IST			5-day change	1st Jan Change
1.62 ^MYR	+1.89%		-8.99%	+79.01%

19/06	BM Greentech to Acquire Clean Energy Solutions Provider for MYR110 Million	MT
18/06	BM GreenTech Berhad entered into a binding term sheet to acquire Plus Xnergy Holding Sdn. Bhd. from Ko Chuan Zhen, Oh Zhi Kang, Poh Tyng Huei, Oh Siang Hwa, Leong Beng Yew and Tenaga Wan Foong Sdn. Bhd.	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	286.4	232.2	717.2	490.2	361.2	835.9	-	-
Enterprise Value (EV) ¹	286.4	232.2	717.2	490.2	361.2	487.6	835.9	835.9
P/E ratio	10.8 x	9.98 x	32 x	28.9 x	25.6 x	14.5 x	20.3 x	20.3 x
Yield	3.6%	3.89%	1.26%	1.84%	2.5%	1.17%	1.17%	1.17%
Capitalization / Revenue	1.22 x	1.01 x	3.02 x	1.54 x	0.96 x	1.11 x	1.48 x	1.4 x
EV / Revenue	1.22 x	1.01 x	3.02 x	1.54 x	0.96 x	1.11 x	1.48 x	1.4 x
EV / EBITDA	6.91 x	6.3 x	18.3 x	-	13.7 x	9.09 x	13.9 x	13.3 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.4 x	1.09 x	3.16 x	-	1.52 x	3.24 x	2.79 x	2.66 x
Nbr of stocks (in thousands)	5,16,000	5,16,000	5,16,000	5,16,000	5,16,000	5,16,000	-	-
Reference price ²	0.5550	0.4500	1.390	0.9500	0.7000	1.620	1.620	1.620
Announcement Date	28/05/19	25/06/20	25/05/21	24/05/22	25/05/23	28/05/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	234.8	230.1	237.3	317.8	377.7	440.3	563.4	598.6
EBITDA ¹	41.42	36.87	39.15	-	26.34	53.63	60	63
EBIT ¹	37.04	32.83	34.08	25.94	21.06	48.15	48.65	64.5
Operating Margin	15.77%	14.26%	14.36%	8.16%	5.58%	10.94%	8.64%	10.77%
Earnings before Tax (EBT) ¹	36.62	32.43	33.74	25.71	20.87	47.85	56	59
Net income ¹	26.58	23.26	22.46	16.98	14.08	33.64	41	43
Net margin	11.32%	10.1%	9.46%	5.34%	3.73%	7.64%	7.28%	7.18%
EPS ²	0.0515	0.0451	0.0435	0.0329	0.0273	0.0652	0.0800	0.0800
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0200	0.0175	0.0175	0.0175	0.0175	0.0190	0.0190	0.0190
Announcement Date	28/05/19	25/06/20	25/05/21	24/05/22	25/05/23	28/05/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.5%	11.2%	10.2%	7.19%	5.94%	12.2%	15.9%	14%
ROA (Net income/ Total Assets)	8.46%	7.37%	6.68%	4.8%	-	-	-	-
Assets ¹	314.1	315.7	336.3	353.8	-	-	-	-
Book Value Per Share ²	0.4000	0.4100	0.4400	-	0.4600	0.5000	0.5800	0.6100
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.54	23.4	5.98	-	1.23	1.9	1.8	1.8
Capex / Sales	0.23%	10.18%	2.52%	-	0.32%	0.45%	0.32%	0.3%
Announcement Date	28/05/19	25/06/20	25/05/21	24/05/22	25/05/23	28/05/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.62 MYR

Average target price

1.255 MYR

Spread / Average Target

-22.53%

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