Cash flow IFCA MSC

Equities

IFCAMSC

MYQ0023OO000

IT Services & Consulting

End-of-day quote BURSA MALAYSIA Other stock markets 13/09/2024			5-day change	1st Jan Change
0.6200 ^MYR	+4.20%		-4.62%	+117.54%

29/08	IFCA MSC Berhad commences an Equity Buyback Plan, under the authorization approved on May 23, 2024.	CI
20/08	IFCA MSC Berhad Reports Impairment Charges for the Second Quarter Ended June 30, 2024	CI

2ac054e364e88afe2.EP6e7J-ZibdwhdVMAg4P5iSi1v6v2Y3bpsT75APsUN4.JK-to6784eAo1qMCYWQ4jmuTgo7j7tqewazCu1OLGOdqytDU_tLwxAfV4Q

Published financial data: IFCA MSC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	8.56Cr	8.11Cr	7.98Cr	7.55Cr	7.81Cr
Total Revenues	8.56Cr	8.11Cr	7.98Cr	7.55Cr	7.81Cr
Cost of Goods Sold, Total	5.87Cr	5.44Cr	5.53Cr	6.06Cr	5.9Cr
Gross Profit	2.68Cr	2.67Cr	2.45Cr	1.49Cr	1.91Cr
Depreciation & Amortization - (IS)	10.7L	23.39L	26.4L	19.91L	16.48L
Amortization of Goodwill and Intangible Assets - (IS)	2L	-	-	-	-
Other Operating Expenses	2.24Cr	1.64Cr	1.36Cr	1.72Cr	1.45Cr
Other Operating Expenses, Total	2.37Cr	1.87Cr	1.63Cr	1.91Cr	1.62Cr
Operating Income	31.09L	79.75L	82.43L	-42.25L	29.44L
Interest Expense, Total	-36.25T	-2L	-2L	-63.79T	-53.83T
Interest And Investment Income	17.26L	16.83L	12.4L	10L	13.65L
Net Interest Expenses	16.9L	14.95L	10.87L	9L	13.11L
Currency Exchange Gains (Loss)	1L	6.41T	15.14L	2L	3L
Other Non Operating Income (Expenses)	29.72L	7L	8L	2L	8L
EBT, Excl. Unusual Items	79.13L	1.02Cr	1.16Cr	-29.1L	53.68L
Gain (Loss) On Sale Of Investments	-	-	-	-	-3L
Gain (Loss) On Sale Of Assets	54.4T	22.2T	-	-	-
Asset Writedown	9.57T	13.14T	2L	2L	-
Other Unusual Items	2L	-	24.52T	37.51T	-
EBT, Incl. Unusual Items	81.59L	1.02Cr	1.19Cr	-26.94L	50.68L
Income Tax Expense	20.24L	18.1L	18.17L	15.03L	24L
Earnings From Continuing Operations	61.35L	84.25L	1.01Cr	-41.97L	26.68L
Net Income to Company	61.35L	84.25L	1.01Cr	-41.97L	26.68L
Minority Interest	-2L	-36.88T	-3L	58.18T	-5L
Net Income - (IS)	59.57L	83.88L	98.24L	-41.39L	21.29L
Net Income to Common Incl Extra Items	59.57L	83.88L	98.24L	-41.39L	21.29L
Net Income to Common Excl. Extra Items	59.57L	83.88L	98.24L	-41.39L	21.29L
Per Share Items
Net EPS - Basic	0.01	0.01	0.02	-0.01	0
Basic EPS - Continuing Operations	0.01	0.01	0.02	-0.01	0
Basic Weighted Average Shares Outstanding	61Cr	61Cr	61Cr	61Cr	61Cr
Net EPS - Diluted	0.01	0.01	0.02	-0.01	0
Diluted EPS - Continuing Operations	0.01	0.01	0.02	-0.01	0
Diluted Weighted Average Shares Outstanding	61Cr	61Cr	61Cr	61Cr	61Cr
Normalized Basic EPS	0.01	0.01	0.01	-0	0
Normalized Diluted EPS	0.01	0.01	0.01	-0	0
Dividend Per Share	0.01	0	0.01	-	0
Payout Ratio	101.89	72.35	30.89	-146.49	-
Supplemental Items
EBITDA	37.8L	88.22L	90.42L	-34.21L	39.05L
EBITA	31.09L	79.75L	82.43L	-42.25L	29.44L
EBIT	31.09L	79.75L	82.43L	-42.25L	29.44L
EBITDAR	64.62L	99.62L	1.03Cr	-8L	56.01L
Effective Tax Rate - (Ratio)	24.8	17.69	15.27	-55.81	47.36
Total Current Taxes	30.7L	18.97L	16.03L	21.32L	26.24L
Total Deferred Taxes	-10.47L	-86.35T	2L	-6L	-2L
Normalized Net Income	47.67L	63.38L	70.18L	-17.61L	28.17L
Interest on Long-Term Debt	36.25T	2L	2L	63.79T	53.83T
Non-Cash Pension Expense	-	59.02T	-2L	7.94T	50.36T
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	47.17L	52.87L	12.6L	35.23L	41.63L
Net Rental Expense, Total	26.82L	11.4L	12.27L	25.79L	16.96L
Imputed Operating Lease Interest Expense	14.14L	10L	6L	12.14L	7L
Imputed Operating Lease Depreciation	12.68L	2L	6L	13.64L	10L

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.2Cr	6.07Cr	7.94Cr	7.28Cr	6.09Cr
Short Term Investments	36.96L	1.69Cr	31.21L	7L	1.66Cr
Total Cash And Short Term Investments	7.57Cr	7.76Cr	8.26Cr	7.36Cr	7.75Cr
Accounts Receivable, Total	1.7Cr	1.46Cr	1.24Cr	1.33Cr	1.22Cr
Other Receivables	17.75L	17.43L	21.49L	8L	6L
Total Receivables	1.88Cr	1.63Cr	1.46Cr	1.41Cr	1.28Cr
Prepaid Expenses	4L	3L	4L	3L	5L
Other Current Assets, Total	-	26.7L	27.13L	-	20L
Total Current Assets	9.48Cr	9.68Cr	10Cr	8.8Cr	9.28Cr
Gross Property Plant And Equipment	2.05Cr	2.09Cr	2.04Cr	2.03Cr	1.96Cr
Accumulated Depreciation	-99.55L	-1.16Cr	-1.26Cr	-1.36Cr	-1.21Cr
Net Property Plant And Equipment	1.05Cr	92.83L	77.86L	66.7L	75.32L
Long-term Investments	-	-	-	11.38T	11.38T
Goodwill	2.51Cr	2.51Cr	2.51Cr	2.51Cr	2.51Cr
Other Intangibles, Total	98.87L	1.1Cr	1.79Cr	1.89Cr	1.67Cr
Deferred Tax Assets Long-Term	-	-	-	21.65L	21.92L
Other Long-Term Assets, Total	2L	49.63L	78.21L	80.06L	1.14Cr
Total Assets	14Cr	15Cr	16Cr	15Cr	16Cr
Liabilities
Accounts Payable, Total	1L	57.91T	42.8T	1L	1L
Accrued Expenses, Total	29.88L	33.39L	94.9L	86L	70.14L
Current Portion of Leases	3L	13.72L	12.63L	4L	5L
Current Income Taxes Payable	18.51T	23.13T	4L	2L	12.23L
Unearned Revenue Current, Total	1.06Cr	1.29Cr	1.64Cr	1.82Cr	2.06Cr
Other Current Liabilities	66.55L	49.74L	6L	9L	13.87L
Total Current Liabilities	2.07Cr	2.27Cr	2.82Cr	2.85Cr	3.08Cr
Long-Term Leases	3L	15.49L	4L	28.2T	11.06L
Unearned Revenue Non Current	74.93T	2L	3L	1L	1L
Pension & Other Post Retirement Benefits	-	11.38L	10.57L	7L	9L
Deferred Tax Liability Non Current	2L	2L	4L	20.47L	18.3L
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	2.13Cr	2.57Cr	3.04Cr	3.13Cr	3.48Cr
Common Stock, Total	8.39Cr	8.39Cr	8.39Cr	8.39Cr	8.39Cr
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	3.75Cr	3.97Cr	4.66Cr	3.68Cr	3.89Cr
Treasury Stock	-4L	-4L	-4L	-9L	-9L
Comprehensive Income and Other	-12.25L	-13.91L	-9L	-13.05L	-5L
Total Common Equity	12Cr	12Cr	13Cr	12Cr	12Cr
Minority Interest	-4L	-4L	-7L	-10.36L	-5L
Total Equity	12Cr	12Cr	13Cr	12Cr	12Cr
Total Liabilities And Equity	14Cr	15Cr	16Cr	15Cr	16Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	61Cr	61Cr	61Cr	61Cr	61Cr
ECS Total Common Shares Outstanding	61Cr	61Cr	61Cr	61Cr	61Cr
Book Value / Share	0.2	0.2	0.21	0.2	0.2
Tangible Book Value	8.48Cr	8.57Cr	8.61Cr	7.46Cr	7.96Cr
Tangible Book Value Per Share	0.14	0.14	0.14	0.12	0.13
Total Debt	6L	29.21L	17.05L	5L	15.58L
Net Debt	-7.51Cr	-7.47Cr	-8.08Cr	-7.31Cr	-7.6Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	11.38L	10.57L	7L	9L
Debt Equivalent Oper. Leases	2.15Cr	91.2L	98.17L	2.06Cr	1.36Cr
Minority Interest, Total (Incl. Fin. Div)	-4L	-4L	-7L	-10.36L	-5L
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6L	6L	6L	6L	6L
Buildings, Total	82.14L	52.12L	52.12L	51.44L	51.44L
Machinery, Total	77.81L	83.52L	90.66L	96.39L	1.04Cr
Full Time Employees	651	594	622	532	515
Accumulated Allowance for Doubtful Accounts (Supple)	35.26L	27.51L	10.83L	18.36L	22.59L
Order Backlog	3.01Cr	2.54Cr	2.59Cr	3.83Cr	2.95Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	59.57L	83.88L	98.24L	-41.39L	21.29L
Depreciation & Amortization - CF	10.7L	23.39L	26.4L	19.91L	16.48L
Depreciation & Amortization, Total	10.7L	23.39L	26.4L	19.91L	16.48L
Amortization of Deferred Charges, Total - (CF)	49.65L	52.87L	12.6L	35.23L	41.63L
(Gain) Loss From Sale Of Asset	-5.98T	-7.73T	-	-	2L
(Gain) Loss on Sale of Investments - (CF)	-	15T	-	-	-
Asset Writedown & Restructuring Costs	1L	2L	-2L	-2L	4L
Provision and Write-off of Bad Debts	-7L	14.15L	9L	32.94L	11.55L
Other Operating Activities, Total	-14.2L	-1L	-4L	-10.92L	-12.61L
Change In Accounts Receivable	64.88L	15.99L	3L	-40.93L	-20.17L
Change In Accounts Payable	3L	-20.58L	14.19L	-51.46T	52.91T
Change in Unearned Revenues	-2L	10.6L	15.21L	38.85L	46.23L
Cash from Operations	1.66Cr	1.81Cr	1.72Cr	31.47L	1.11Cr
Capital Expenditure	-27.98L	-27.55L	-5L	-9L	-7L
Sale of Property, Plant, and Equipment	1L	4L	-	2.94T	14.59T
Cash Acquisitions	-37.02L	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-19.05L	-3L	-26.68L
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	2.12T	-
Other Investing Activities, Total	-4L	-68.46L	78.73L	-12.3L	-1.66Cr
Cash from Investing	-67.38L	-91.75L	54.8L	-23.96L	-2Cr
Long-Term Debt Repaid, Total	-4L	-13.4L	-18.22L	-12.4L	-7L
Total Debt Repaid	-4L	-13.4L	-18.22L	-12.4L	-7L
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-45.6T	-	-	-5L	-
Common Dividends Paid	-60.69L	-60.69L	-30.34L	-60.63L	-
Common & Preferred Stock Dividends Paid	-60.69L	-60.69L	-30.34L	-60.63L	-
Other Financing Activities, Total	-36.25T	-3L	-8L	23.54L	-20.54L
Cash from Financing	-65.6L	-76.7L	-56.23L	-54.31L	-27.14L
Foreign Exchange Rate Adjustments	-3L	10L	16.62L	-19.39L	-3L
Net Change in Cash	29.81L	22.69L	1.87Cr	-66.2L	-1.19Cr
Supplemental Items
Cash Interest Paid	36.25T	2L	2L	63.79T	53.83T
Cash Income Tax Paid (Refund)	16.51L	9L	12.19L	14.69L	13.67L
Levered Free Cash Flow	78.78L	1.4Cr	1.57Cr	62.38L	83.62L
Unlevered Free Cash Flow	79.01L	1.41Cr	1.58Cr	62.78L	83.96L
Change In Net Working Capital	-27.21L	-42.22L	-71.98L	-43.09L	-14.91L
Net Debt Issued / Repaid	-4L	-13.4L	-18.22L	-12.4L	-7L

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.35	3.46	3.37	-1.71	1.21
Return on Total Capital	1.62	4.08	4.05	-2.13	1.53
Return On Equity %	5.15	7	8.06	-3.41	2.24
Return on Common Equity	4.98	6.94	7.83	-3.34	1.77
Margin Analysis
Gross Profit Margin %	31.37	32.94	30.7	19.77	24.47
EBITDA Margin %	4.42	10.88	11.33	-4.53	5
EBITA Margin %	3.63	9.84	10.32	-5.6	3.77
EBIT Margin %	3.63	9.84	10.32	-5.6	3.77
Income From Continuing Operations Margin %	7.17	10.39	12.62	-5.56	3.42
Net Income Margin %	6.96	10.35	12.31	-5.48	2.73
Net Avail. For Common Margin %	6.96	10.35	12.31	-5.48	2.73
Normalized Net Income Margin	5.57	7.82	8.79	-2.33	3.61
Levered Free Cash Flow Margin	9.2	17.22	19.62	8.27	10.71
Unlevered Free Cash Flow Margin	9.23	17.37	19.74	8.32	10.75
Asset Turnover
Asset Turnover	0.6	0.56	0.52	0.49	0.51
Fixed Assets Turnover	8.94	8.18	9.35	10.44	11
Receivables Turnover (Average Receivables)	4.32	5.14	5.92	5.86	6.12
Short Term Liquidity
Current Ratio	4.59	4.27	3.55	3.09	3.01
Quick Ratio	4.57	4.14	3.44	3.08	2.93
Operating Cash Flow to Current Liabilities	0.8	0.8	0.61	0.11	0.36
Days Sales Outstanding (Average Receivables)	84.48	71.26	61.67	62.25	59.65
Average Days Payable Outstanding	2.23	0.63	0.33	0.49	0.82
Long Term Solvency
Total Debt/Equity	0.46	2.4	1.33	0.39	1.29
Total Debt / Total Capital	0.46	2.35	1.31	0.39	1.27
LT Debt/Equity	0.25	1.28	0.34	0.02	0.91
Long-Term Debt / Total Capital	0.25	1.25	0.34	0.02	0.9
Total Liabilities / Total Assets	15.13	17.47	19.12	21.05	22.36
EBIT / Interest Expense	85.77	42.51	54.08	-66.23	54.68
EBITDA / Interest Expense	115.28	54.97	71.4	-35.02	85.3
(EBITDA - Capex) / Interest Expense	38.09	40.29	68.19	-49.21	71.44
Total Debt / EBITDA	0.13	0.28	0.16	-0.21	0.34
Net Debt / EBITDA	-17.97	-7.24	-7.43	32.72	-16.54
Total Debt / (EBITDA - Capex)	0.4	0.39	0.16	-0.15	0.41
Net Debt / (EBITDA - Capex)	-54.4	-9.88	-7.78	23.29	-19.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.17	-5.29	-1.51	-5.46	3.47
Gross Profit, 1 Yr. Growth %	-21.23	-0.26	-7.21	-39.1	28.03
EBITDA, 1 Yr. Growth %	-77.03	101