Financials Frontken Corporation

Equities

FRONTKN

MYQ0128OO007

Business Support Services

End-of-day quote BURSA MALAYSIA 03:30:00 26/06/2024 am IST 5-day change 1st Jan Change
4.5 MYR +0.22% Intraday chart for Frontken Corporation -1.53% +38.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,400 3,720 6,284 4,839 5,096 7,080 - -
Enterprise Value (EV) 1 2,192 3,418 5,990 4,839 4,780 6,652 6,558 6,444
P/E ratio 34.7 x 45.4 x 60.2 x 39.2 x 45.5 x 42.6 x 36.7 x 31.8 x
Yield 1.09% 1.13% 1% - 0.68% 1.06% 1.22% 1.45%
Capitalization / Revenue 7.06 x 10.1 x 14 x 9.36 x 10.2 x 10.6 x 9.24 x 7.99 x
EV / Revenue 6.45 x 9.28 x 13.3 x 9.36 x 9.56 x 9.97 x 8.56 x 7.27 x
EV / EBITDA 19.8 x 27.9 x 37 x 26.1 x 26.8 x 25.4 x 21.6 x 18.4 x
EV / FCF 20.3 x 30.5 x 107 x - 36.9 x 49 x 32.5 x 27.7 x
FCF Yield 4.92% 3.28% 0.93% - 2.71% 2.04% 3.08% 3.61%
Price to Book 6.36 x 8.45 x 8.36 x - 7.95 x 9.6 x 8.34 x 7.37 x
Nbr of stocks (in thousands) 15,71,953 15,71,953 15,70,951 15,70,951 15,72,906 15,73,431 - -
Reference price 2 1.527 2.367 4.000 3.080 3.240 4.500 4.500 4.500
Announcement Date 18/02/20 23/02/21 25/02/22 23/02/23 22/02/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 339.9 368.3 450.2 517.2 500.1 667.2 765.9 886.3
EBITDA 1 110.9 122.3 161.9 185.1 178.6 261.6 303.7 350
EBIT 1 93.13 103.9 144.3 167.5 158.3 239 279.7 323.8
Operating Margin 27.4% 28.21% 32.04% 32.38% 31.66% 35.83% 36.52% 36.53%
Earnings before Tax (EBT) 1 96.26 114.3 149.5 174.8 167.1 235.5 266.1 291.2
Net income 1 69.17 81.97 104.5 123.3 112 165.2 186.5 205.2
Net margin 20.35% 22.25% 23.21% 23.84% 22.38% 24.77% 24.35% 23.15%
EPS 2 0.0440 0.0521 0.0665 0.0785 0.0712 0.1057 0.1226 0.1414
Free Cash Flow 1 107.9 112 55.94 - 129.4 135.8 202.1 232.7
FCF margin 31.73% 30.41% 12.43% - 25.87% 20.36% 26.38% 26.25%
FCF Conversion (EBITDA) 97.23% 91.56% 34.55% - 72.45% 51.92% 66.54% 66.48%
FCF Conversion (Net income) 155.95% 136.63% 53.53% - 115.56% 82.21% 108.33% 113.39%
Dividend per Share 2 0.0167 0.0267 0.0400 - 0.0220 0.0476 0.0550 0.0651
Announcement Date 18/02/20 23/02/21 25/02/22 23/02/23 22/02/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - 195.8 - 135.3 114 121.2 133.5 140.5 181.1 188.5 188.5 - -
EBITDA 1 - 69.43 - - 37.84 45.52 48.6 49.76 70.39 73.26 73.26 - -
EBIT 1 - 61.92 - 40.68 34.55 40.48 43.49 44.44 63.95 66.56 66.56 - -
Operating Margin - 31.62% - 30.07% 30.31% 33.41% 32.57% 31.62% 35.32% 35.32% 35.32% - -
Earnings before Tax (EBT) - 61.61 - - - - - - - - - - -
Net income 37.34 44.63 34.73 - - - - - - - - - -
Net margin - 22.79% - - - - - - - - - - -
EPS 2 0.0237 0.0300 0.0221 0.0190 0.0150 0.0203 0.0170 0.0191 0.0284 0.0296 0.0296 - -
Dividend per Share 2 - - - - - - - - 0.0170 0.0178 0.0178 0.0211 0.0211
Announcement Date 04/08/20 23/02/21 01/11/22 23/02/23 03/05/23 01/08/23 24/10/23 02/05/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 208 303 294 - 316 428 523 636
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 108 112 55.9 - 129 136 202 233
ROE (net income / shareholders' equity) 19.7% 20.1% 22.2% - 18.8% 25.6% 26.4% 29%
ROA (Net income/ Total Assets) 14.3% 14.5% 15.6% - 13.2% 16.7% 19.1% 19.3%
Assets 1 485.4 566.9 668.4 - 845.7 988.8 977.4 1,064
Book Value Per Share 2 0.2400 0.2800 0.4800 - 0.4100 0.4700 0.5400 0.6100
Cash Flow per Share 2 - - 0.0900 - 0.0800 0.1400 0.1700 0.1800
Capex 1 7.03 7.74 82.8 - 15.1 17.1 18.6 20.7
Capex / Sales 2.07% 2.1% 18.4% - 3.03% 2.56% 2.43% 2.33%
Announcement Date 18/02/20 23/02/21 25/02/22 23/02/23 22/02/24 - - -
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
4.5 MYR
Average target price
4.674 MYR
Spread / Average Target
+3.86%
Consensus
  1. Stock Market
  2. Equities
  3. FRONTKN Stock
  4. Financials Frontken Corporation