Financials Chin Well Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
1.23 ^MYR	+0.82%		+2.50%	-3.15%

27/02	Chin Well Holdings Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI
2023	Chin Well Holdings Berhad commences an Equity Buyback Plan, under the authorization approved on November 29, 2023.	CI

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	528.6	293.5	343.8	487	378.1	352.3	-	-
Enterprise Value (EV) ¹	493.5	293.5	307.1	397.3	378.1	226.1	218.8	207.5
P/E ratio	9.18 x	122 x	14.8 x	5.07 x	9.58 x	20.7 x	10.3 x	7.64 x
Yield	4.36%	1.49%	2.75%	7.88%	4.17%	1.95%	3.66%	5.12%
Capitalization / Revenue	0.78 x	0.55 x	0.7 x	0.74 x	0.83 x	0.79 x	0.66 x	0.61 x
EV / Revenue	0.72 x	0.55 x	0.62 x	0.6 x	0.83 x	0.51 x	0.41 x	0.36 x
EV / EBITDA	5.91 x	12.9 x	6.12 x	2.91 x	5.72 x	6.72 x	3.87 x	2.81 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	0.73 x	0.55 x	0.51 x	0.49 x	0.47 x
Nbr of stocks (in thousands)	2,93,648	2,90,599	2,86,463	2,86,453	2,86,453	2,86,450	-	-
Reference price ²	1.800	1.010	1.200	1.700	1.320	1.230	1.230	1.230
Announcement Date	28/08/19	26/08/20	15/09/21	29/08/22	29/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	680.7	535.8	491.7	657.8	456.5	443.7	532	580.9
EBITDA ¹	83.57	22.83	50.22	136.5	66.15	33.65	56.5	73.85
EBIT ¹	71.85	9.717	36.47	123.1	52.72	20.9	42.7	58.7
Operating Margin	10.55%	1.81%	7.42%	18.71%	11.55%	4.71%	8.03%	10.11%
Earnings before Tax (EBT) ¹	68.82	7.303	33.08	122.2	52.28	22.57	44.07	60.4
Net income ¹	57.58	2.42	23.39	95.99	39.46	17.3	33.77	46.43
Net margin	8.46%	0.45%	4.76%	14.59%	8.65%	3.9%	6.35%	7.99%
EPS ²	0.1960	0.008300	0.0811	0.3351	0.1378	0.0593	0.1190	0.1610
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0785	0.0150	0.0330	0.1340	0.0551	0.0240	0.0450	0.0630
Announcement Date	28/08/19	26/08/20	15/09/21	29/08/22	29/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	35.1	-	36.6	89.6	-	126	134	145
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	10.3%	0.42%	4.7%	15.4%	5.87%	2.5%	4.8%	6.33%
ROA (Net income/ Total Assets)	8.41%	0.35%	3.36%	12.7%	5.06%	2.1%	3.85%	5.6%
Assets ¹	684.6	692.2	696.2	756.2	779.2	823.8	877.1	829.2
Book Value Per Share ²	-	-	-	2.320	2.380	2.410	2.500	2.610
Cash Flow per Share ²	0.1300	0.1300	-0.0900	0.4100	0.4600	0.1900	0.0200	-
Capex ¹	26.4	18.8	10.9	5.01	6.73	30	25	22.5
Capex / Sales	3.87%	3.51%	2.23%	0.76%	1.47%	6.76%	4.7%	3.87%
Announcement Date	28/08/19	26/08/20	15/09/21	29/08/22	29/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

1.23 MYR

Average target price

0.95 MYR

Spread / Average Target

-22.76%

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