Financials Evergreen Fibreboard

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 28/06/2024 am IST			5-day change	1st Jan Change
0.39 ^MYR	-.--%		+9.86%	+27.87%

27/05	Evergreen Fibreboard Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
28/02	Evergreen Fibreboard Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	232.6	389.1	393.3	329.4	257.6	329.4	-	-
Enterprise Value (EV) ¹	232.6	389.1	393.3	329.4	257.6	329.4	329.4	329.4
P/E ratio	-5.53 x	-3.88 x	11 x	-13.6 x	-7.23 x	30 x	17 x	12.6 x
Yield	-	-	-	-	-	-	3.85%	6.41%
Capitalization / Revenue	0.24 x	0.45 x	0.42 x	0.3 x	0.28 x	0.3 x	0.3 x	0.29 x
EV / Revenue	0.24 x	0.45 x	0.42 x	0.3 x	0.28 x	0.3 x	0.3 x	0.29 x
EV / EBITDA	5.57 x	-30.9 x	3.22 x	2.97 x	5.5 x	4.11 x	3.68 x	3.44 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.21 x	0.38 x	0.38 x	0.33 x	0.26 x	0.33 x	0.33 x	0.33 x
Nbr of stocks (in thousands)	8,45,802	8,45,802	8,45,802	8,44,667	8,44,667	8,44,667	-	-
Reference price ²	0.2750	0.4600	0.4650	0.3900	0.3050	0.3900	0.3900	0.3900
Announcement Date	26/02/20	29/03/21	25/02/22	27/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	967.9	859.9	934.8	1,095	909.8	1,093	1,109	1,118
EBITDA ¹	41.75	-12.59	122	110.7	46.85	80.2	89.5	95.7
EBIT ¹	-34.29	-88.06	50.77	37.88	-14.68	20.4	31.3	39.1
Operating Margin	-3.54%	-10.24%	5.43%	3.46%	-1.61%	1.87%	2.82%	3.5%
Earnings before Tax (EBT) ¹	-42.29	-95.92	43.97	-9.412	-20.16	13	23.9	31.6
Net income ¹	-42.06	-100.3	35.66	-24.14	-35.62	10.6	19.6	25.9
Net margin	-4.35%	-11.66%	3.81%	-2.2%	-3.92%	0.97%	1.77%	2.32%
EPS ²	-0.0497	-0.1185	0.0422	-0.0286	-0.0422	0.0130	0.0230	0.0310
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	0.0150	0.0250
Announcement Date	26/02/20	29/03/21	25/02/22	27/02/23	28/02/24	-	-	-

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)	-3.67%	-9.29%	3.47%	3.58%	-3.55%	1.1%	1.9%	2.5%
ROA (Net income/ Total Assets)	-2.66%	-6.62%	2.49%	2.68%	-2.58%	0.7%	1.3%	1.7%
Assets ¹	1,582	1,514	1,434	-900.9	1,382	1,514	1,508	1,524
Book Value Per Share ²	1.340	1.210	1.220	1.200	1.180	1.200	1.200	1.200
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	64.6	37.9	20.5	27.6	94.3	35	35	35
Capex / Sales	6.67%	4.41%	2.2%	2.52%	10.37%	3.2%	3.16%	3.13%
Announcement Date	26/02/20	29/03/21	25/02/22	27/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.39 MYR

Average target price

0.48 MYR

Spread / Average Target

+23.08%

	1st Jan change	Capi.
EVERGREEN FIBREBOARD	+27.87%	6.98Cr
LOUISIANA-PACIFIC CORPORATION	+16.24%	590.07Cr
STELLA-JONES INC.	+15.75%	368.55Cr
CENTURY PLYBOARDS (INDIA) LIMITED	-1.07%	203.53Cr
CORTICEIRA AMORIM, SGPS, S.A.	-1.42%	128.4Cr
DEHUA TB NEW DECORATION MATERIAL CO.,LTD	+17.04%	118.15Cr
DEXCO S.A.	-18.71%	95Cr
OENEO	-17.05%	74Cr
DONGWHA ENTERPRISE CO.,LTD	-38.18%	50Cr
GREENPANEL INDUSTRIES LIMITED	-23.70%	48Cr