Financials Guan Chong

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
2.74 ^MYR	-3.52%		+2.62%	+49.73%

28/02	Guan Chong Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI
28/02	Guan Chong Berhad Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,105	2,761	2,952	2,819	2,149	3,336	-	-
Enterprise Value (EV) ¹	3,105	2,761	2,952	2,819	2,149	3,336	3,336	3,336
P/E ratio	7.77 x	12.9 x	19.6 x	17.6 x	21.3 x	13.7 x	12 x	11 x
Yield	1.14%	1.31%	1.43%	1.47%	1.09%	1.23%	1.53%	1.94%
Capitalization / Revenue	1.06 x	0.75 x	0.75 x	0.64 x	0.4 x	0.39 x	0.42 x	0.4 x
EV / Revenue	1.06 x	0.75 x	0.75 x	0.64 x	0.4 x	0.39 x	0.42 x	0.4 x
EV / EBITDA	9.33 x	7.94 x	10.1 x	9.18 x	6.05 x	6.03 x	5.63 x	5.91 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.27 x	2.29 x	2.17 x	1.6 x	1.23 x	1.73 x	1.57 x	1.41 x
Nbr of stocks (in thousands)	10,08,138	10,34,028	10,54,407	11,74,515	11,74,515	11,74,515	-	-
Reference price ²	3.080	2.670	2.800	2.400	1.830	2.840	2.840	2.840
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,942	3,685	3,923	4,419	5,349	8,662	7,921	8,382
EBITDA ¹	332.8	347.6	293.6	306.9	355.6	553.4	592	564.4
EBIT ¹	300.1	294.5	230.8	244	279.2	463.1	455	480.2
Operating Margin	10.2%	7.99%	5.88%	5.52%	5.22%	5.35%	5.74%	5.73%
Earnings before Tax (EBT) ¹	268	269.2	197.9	188.1	139.1	315.5	361.3	370.9
Net income ¹	219.4	223.2	156	149	101	243.2	279.2	301.6
Net margin	7.46%	6.06%	3.98%	3.37%	1.89%	2.81%	3.52%	3.6%
EPS ²	0.3966	0.2068	0.1428	0.1367	0.0860	0.2073	0.2373	0.2575
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0350	0.0350	0.0400	0.0352	0.0200	0.0350	0.0433	0.0550
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	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)	27.1%	18.8%	12.3%	9.99%	5.96%	13.2%	13.4%	13.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.9400	1.170	1.290	1.500	1.490	1.640	1.810	2.020
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	61.1	208	148	283	165	100	125	115
Capex / Sales	2.08%	5.65%	3.77%	6.4%	3.08%	1.15%	1.58%	1.37%
Announcement Date	24/02/20	26/02/21	21/02/22	28/02/23	28/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.84 MYR

Average target price

2.937 MYR

Spread / Average Target

+3.40%