Financials Broadway Industrial Group Limited

Equities

B69

SG1B21008464

Industrial Machinery & Equipment

Delayed Singapore S.E. 07:27:36 10/05/2024 am IST 5-day change 1st Jan Change
0.132 SGD +1.54% Intraday chart for Broadway Industrial Group Limited +3.94% +50.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 37.52 62.26 78.66 101 53.19 40.01
Enterprise Value (EV) 1 64.85 89.58 68.25 88.76 35.69 17.53
P/E ratio 20.9 x -2.92 x -84 x 6.73 x 8.49 x 13 x
Yield - - - 4.55% - 5.68%
Capitalization / Revenue 0.1 x 0.2 x 0.2 x 0.21 x 0.15 x 0.15 x
EV / Revenue 0.17 x 0.29 x 0.17 x 0.19 x 0.1 x 0.07 x
EV / EBITDA 3.51 x 22.9 x 2.8 x 3.13 x 1.76 x 1.26 x
EV / FCF -1.86 x 2.18 x -2.16 x -98.5 x 3.16 x 1.84 x
FCF Yield -53.7% 45.8% -46.2% -1.02% 31.7% 54.5%
Price to Book 0.45 x 1.01 x 1.06 x 1.16 x 0.61 x 0.45 x
Nbr of stocks (in thousands) 4,68,956 4,68,147 4,68,222 4,59,115 4,54,656 4,54,656
Reference price 2 0.0800 0.1330 0.1680 0.2200 0.1170 0.0880
Announcement Date 10/04/19 14/04/20 13/04/21 10/04/22 05/04/23 04/04/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 386.9 305.7 400.7 471.4 352.4 258.7
EBITDA 1 18.45 3.916 24.39 28.31 20.29 13.95
EBIT 1 3.663 -9.464 11 16.51 8.847 4.352
Operating Margin 0.95% -3.1% 2.75% 3.5% 2.51% 1.68%
Earnings before Tax (EBT) 1 2.506 -14.95 13.61 15.26 6.755 2.585
Net income 1 1.81 -21.37 14.11 15.27 6.278 3.085
Net margin 0.47% -6.99% 3.52% 3.24% 1.78% 1.19%
EPS 2 0.003822 -0.0456 -0.002000 0.0327 0.0138 0.006785
Free Cash Flow 1 -34.83 41.01 -31.55 -0.9015 11.3 9.554
FCF margin -9% 13.42% -7.87% -0.19% 3.21% 3.69%
FCF Conversion (EBITDA) - 1,047.21% - - 55.68% 68.48%
FCF Conversion (Net income) - - - - 179.93% 309.7%
Dividend per Share - - - 0.0100 - 0.005000
Announcement Date 10/04/19 14/04/20 13/04/21 10/04/22 05/04/23 04/04/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 27.3 27.3 - - - -
Net Cash position 1 - - 10.4 12.3 17.5 22.5
Leverage (Debt/EBITDA) 1.481 x 6.975 x - - - -
Free Cash Flow 1 -34.8 41 -31.6 -0.9 11.3 9.55
ROE (net income / shareholders' equity) 1.68% -20.9% 19.7% 17.6% 6.49% 3.32%
ROA (Net income/ Total Assets) 1.09% -2.97% 3.48% 4.79% 2.89% 1.55%
Assets 1 165.8 720.2 405.8 318.6 217 198.9
Book Value Per Share 2 0.1800 0.1300 0.1600 0.1900 0.1900 0.2000
Cash Flow per Share 2 0.0200 0.0200 0.0200 0.0600 0.0600 0.0700
Capex 1 17.1 6.67 3.66 5.64 4.74 7
Capex / Sales 4.41% 2.18% 0.91% 1.2% 1.35% 2.71%
Announcement Date 10/04/19 14/04/20 13/04/21 10/04/22 05/04/23 04/04/24
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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