Financials Gadang Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 13/05/2024 am IST			5-day change	1st Jan Change
0.42 ^MYR	+1.20%		+7.69%	+25.37%

29/04	Gadang Bags MYR280 Million Data Center Development Deal; Shares Surge 5%	MT
22/04	Gadang Holdings Berhad Reports Property, Plant and Equipment Written Off for the Third Quarter Ended February 29, 2024	CI

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	569.1	367.7	283.9	273	211.1	305.8	-	-
Enterprise Value (EV) ¹	714.2	367.7	283.9	270.1	211.1	305.8	305.8	305.8
P/E ratio	13.1 x	10.1 x	27.7 x	6.57 x	-7.2 x	30 x	16.2 x	10.8 x
Yield	1.4%	1.98%	0.77%	1.87%	-	0.71%	2.38%	2.38%
Capitalization / Revenue	0.81 x	0.55 x	0.49 x	0.42 x	0.43 x	0.6 x	0.41 x	0.43 x
EV / Revenue	0.81 x	0.55 x	0.49 x	0.42 x	0.43 x	0.6 x	0.41 x	0.43 x
EV / EBITDA	5.9 x	4.46 x	8.72 x	2.89 x	-	10.9 x	7.33 x	5.43 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	0.45 x	0.35 x	0.33 x	-	-	-	-
Nbr of stocks (in thousands)	6,61,721	7,28,061	7,28,061	7,28,061	7,28,061	7,28,061	-	-
Reference price ²	0.8600	0.5050	0.3900	0.3750	0.2900	0.4200	0.4200	0.4200
Announcement Date	24/07/19	29/07/20	28/07/21	27/07/22	28/07/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	699.9	673.1	574.8	652	496.1	512.4	738.2	715.1
EBITDA ¹	96.43	82.37	32.56	94.59	-	28.1	41.7	56.3
EBIT ¹	90.54	64.79	23.62	83.91	-12.45	18.5	56.3	-
Operating Margin	12.94%	9.63%	4.11%	12.87%	-2.51%	3.61%	7.63%	-
Earnings before Tax (EBT) ¹	71.02	59.46	20.15	70.14	-27.9	14.9	26.8	39.5
Net income ¹	43.49	36.12	10.25	41.55	-29.32	9.9	18.7	28.3
Net margin	6.21%	5.37%	1.78%	6.37%	-5.91%	1.93%	2.53%	3.96%
EPS ²	0.0657	0.0498	0.0141	0.0571	-0.0403	0.0140	0.0260	0.0390
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0120	0.0100	0.003000	0.007000	-	0.003000	0.0100	0.0100
Announcement Date	24/07/19	29/07/20	28/07/21	27/07/22	28/07/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: May	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	145	-	-	-	-	-	-	-
Net Cash position	-	-	-	2.91	-	-	-	-
Leverage (Debt/EBITDA)	1.505 x	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	7.31%	4.67%	1.26%	5.17%	-3.63%	1.2%	2.3%	3.4%
ROA (Net income/ Total Assets)	3%	-	0.58%	2.53%	-1.99%	0.7%	1.2%	1.7%
Assets ¹	1,448	-	1,766	1,645	1,476	1,414	1,558	1,665
Book Value Per Share	-	1.120	1.120	1.130	-	-	-	-
Cash Flow per Share ²	-0.1400	0.1900	-0.1600	0.1900	0.0500	0.1000	0.2100	-
Capex ¹	1.6	2.96	-	0.95	6.82	11	14	15
Capex / Sales	0.23%	0.44%	-	0.15%	1.37%	2.15%	1.9%	2.1%
Announcement Date	24/07/19	29/07/20	28/07/21	27/07/22	28/07/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.42 MYR

Average target price

0.42 MYR

Spread / Average Target

0.00%

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