Financials Elsoft Research

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 15/07/2024 am IST			5-day change	1st Jan Change
0.585 ^MYR	+0.86%		-0.85%	+9.35%

07/06	Elsoft Research Berhad Announces Retirement of Madam Tan Ai Jiew as Non Independent and Non Executive Director, Effective June 7, 2024	CI
03/05	Elsoft Research Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	553.9	533.4	701.8	388.8	370.4	405.1	-	-
Enterprise Value (EV) ¹	553.9	533.4	701.8	388.8	370.4	405.1	405.1	405.1
P/E ratio	31.3 x	795 x	63.8 x	9.07 x	48.2 x	41.8 x	24.4 x	22.5 x
Yield	3.61%	1.26%	1.44%	3.48%	3.74%	1.2%	2.05%	2.22%
Capitalization / Revenue	16.5 x	29.4 x	24 x	13.8 x	23 x	19.6 x	12.1 x	10.6 x
EV / Revenue	16.5 x	29.4 x	24 x	13.8 x	23 x	19.6 x	12.1 x	10.6 x
EV / EBITDA	29.4 x	73.5 x	54.1 x	-19.9 x	41.7 x	39.7 x	24.3 x	21.9 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	6,67,380	6,70,992	6,74,793	6,76,124	6,92,425	6,92,425	-	-
Reference price ²	0.8300	0.7950	1.040	0.5750	0.5350	0.5850	0.5850	0.5850
Announcement Date	26/02/20	24/02/21	18/02/22	17/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	33.55	18.13	29.18	28.1	16.07	20.7	33.4	38.2
EBITDA ¹	18.83	7.254	12.97	-19.57	8.882	10.2	16.7	18.5
EBIT ¹	-	6.453	12.24	-20.36	8.044	9.4	15.9	17.7
Operating Margin	-	35.6%	41.93%	-72.47%	50.05%	45.41%	47.6%	46.34%
Earnings before Tax (EBT) ¹	18.31	0.988	11.49	43.63	8.37	9.9	16.5	18.5
Net income ¹	17.76	0.694	11.03	42.98	7.602	9.8	16.4	18.3
Net margin	52.94%	3.83%	37.78%	153%	47.3%	47.34%	49.1%	47.91%
EPS ²	0.0265	0.001000	0.0163	0.0634	0.0111	0.0140	0.0240	0.0260
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0300	0.0100	0.0150	0.0200	0.0200	0.007000	0.0120	0.0130
Announcement Date	26/02/20	24/02/21	18/02/22	17/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.9%	4%	10.5%	34.7%	5.55%	7%	10.9%	-
ROA (Net income/ Total Assets)	14.2%	3.67%	9.68%	31.7%	5.2%	7%	10.8%	-
Assets ¹	124.8	18.89	113.9	135.7	146.1	140	151.9	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share ²	-	-	0.0100	-0.0300	0.0100	0.0100	0.0200	-
Capex	2.2	-	0.08	-	-	-	-	-
Capex / Sales	6.55%	-	0.28%	-	-	-	-	-
Announcement Date	26/02/20	24/02/21	18/02/22	17/02/23	23/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.585 MYR

Average target price

0.575 MYR

Spread / Average Target

-1.71%

	1st Jan change	Capi.
ELSOFT RESEARCH	+9.35%	86.71M
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HP INC.	+24.71%	36.54B
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SEAGATE TECHNOLOGY HOLDINGS PLC	+26.87%	22.88B
LENOVO GROUP LIMITED	-1.65%	17.42B
LOGITECH INTERNATIONAL S.A.	+2.03%	14.14B
ASUSTEK COMPUTER INC.	+1.84%	11.36B
WISTRON CORPORATION	+8.01%	9.38B
PEGATRON CORPORATION	+21.42%	8.66B