Financials Brite-Tech

Equities

BTECH

MYQ0011OO005

Environmental Services & Equipment

End-of-day quote BURSA MALAYSIA 03:30:00 26/04/2024 am IST 5-day change 1st Jan Change
0.33 MYR +3.13% Intraday chart for Brite-Tech +4.76% +13.79%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 73.08 59.22 55.44 128.5 85.68 63
Enterprise Value (EV) 1 70.35 60.65 61.06 137.2 98.61 84.27
P/E ratio 18.3 x 13.7 x 9.48 x 27.7 x 10 x 8.45 x
Yield 5.52% 6.81% 7.27% 3.14% 2.35% 3.2%
Capitalization / Revenue 2.84 x 2.23 x 1.99 x 5.29 x 3.62 x 2.45 x
EV / Revenue 2.73 x 2.28 x 2.19 x 5.65 x 4.16 x 3.28 x
EV / EBITDA 11 x 8.38 x 6.91 x 16.7 x 7.79 x 7.09 x
EV / FCF 26.5 x -146 x 9.89 x 9.15 x -141 x 29.9 x
FCF Yield 3.77% -0.69% 10.1% 10.9% -0.71% 3.34%
Price to Book 1.34 x 1.02 x 0.9 x 1.84 x 1.12 x 0.76 x
Nbr of stocks (in thousands) 2,52,000 2,52,000 2,52,000 2,52,000 2,52,000 2,52,000
Reference price 2 0.2900 0.2350 0.2200 0.5100 0.3400 0.2500
Announcement Date 30/04/18 30/04/19 12/06/20 10/05/21 29/04/22 28/04/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 25.76 26.61 27.86 24.27 23.69 25.66
EBITDA 1 6.408 7.239 8.835 8.201 12.66 11.89
EBIT 1 5.398 5.925 7.45 6.939 11.39 10.6
Operating Margin 20.95% 22.26% 26.75% 28.59% 48.09% 41.3%
Earnings before Tax (EBT) 1 5.513 5.79 7.154 6.519 10.47 9.714
Net income 1 3.984 4.313 5.846 4.644 8.571 7.455
Net margin 15.47% 16.21% 20.99% 19.13% 36.18% 29.05%
EPS 2 0.0158 0.0171 0.0232 0.0184 0.0340 0.0296
Free Cash Flow 1 2.651 -0.4163 6.175 14.99 -0.6972 2.814
FCF margin 10.29% -1.56% 22.17% 61.74% -2.94% 10.97%
FCF Conversion (EBITDA) 41.36% - 69.89% 182.73% - 23.68%
FCF Conversion (Net income) 66.52% - 105.62% 322.72% - 37.75%
Dividend per Share 2 0.0160 0.0160 0.0160 0.0160 0.008000 0.008000
Announcement Date 30/04/18 30/04/19 12/06/20 10/05/21 29/04/22 28/04/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 1.43 5.62 8.67 12.9 21.3
Net Cash position 1 2.73 - - - - -
Leverage (Debt/EBITDA) - 0.1972 x 0.6365 x 1.057 x 1.021 x 1.79 x
Free Cash Flow 1 2.65 -0.42 6.17 15 -0.7 2.81
ROE (net income / shareholders' equity) 7.21% 7.5% 9.95% 7.27% 11.6% 9.19%
ROA (Net income/ Total Assets) 4.92% 4.92% 5.34% 4.18% 6.08% 5.28%
Assets 1 80.98 87.6 109.4 111 141 141.3
Book Value Per Share 2 0.2200 0.2300 0.2400 0.2800 0.3000 0.3300
Cash Flow per Share 2 0.0200 0.0100 0.0100 0.0100 0.0100 0.0100
Capex 1 2.05 4.41 0.56 0.63 0.87 4.73
Capex / Sales 7.95% 16.59% 2.02% 2.58% 3.66% 18.42%
Announcement Date 30/04/18 30/04/19 12/06/20 10/05/21 29/04/22 28/04/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA