Financials LPI Capital

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
12 ^MYR	+0.67%		+0.67%	+0.33%

30/04	LPI Capital's Profit Soars in Q1	MT
29/04	LPI Capital Bhd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,016	5,466	5,601	5,036	4,765	4,781	-	-
Enterprise Value (EV) ¹	6,016	5,466	5,601	5,036	4,765	4,781	4,781	4,781
P/E ratio	18.7 x	16.2 x	16.3 x	18.2 x	15.2 x	13.6 x	13.7 x	12.2 x
Yield	4.64%	5.25%	5.26%	4.75%	5.52%	6.25%	6.13%	6.77%
Capitalization / Revenue	3.95 x	3.52 x	3.59 x	3.09 x	2.5 x	2.36 x	2.36 x	2.01 x
EV / Revenue	3.95 x	3.52 x	3.59 x	3.09 x	2.5 x	2.36 x	2.36 x	2.01 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	12,57,54,235 x	-	2,38,27,551 x	-	-	-	-	-
FCF Yield	0%	-	0%	-	-	-	-	-
Price to Book	3.05 x	2.63 x	2.62 x	2.31 x	2.09 x	1.98 x	1.87 x	1.64 x
Nbr of stocks (in thousands)	3,98,383	3,98,383	3,98,383	3,98,383	3,98,383	3,98,383	-	-
Reference price ²	15.10	13.72	14.06	12.64	11.96	12.00	12.00	12.00
Announcement Date	03/02/20	04/02/21	07/02/22	07/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,524	1,551	1,561	1,629	1,905	2,023	2,027	2,380
EBITDA	-	-	-	-	-	-	-	-
EBIT	414.4	433	436.2	373.9	-	-	-	-
Operating Margin	27.18%	27.92%	27.95%	22.96%	-	-	-	-
Earnings before Tax (EBT) ¹	414.7	433.6	437.3	373.5	394.9	441.3	432.1	431.5
Net income ¹	322.4	336.7	344.7	276.6	313.7	351	349.2	392.3
Net margin	21.15%	21.72%	22.08%	16.98%	16.46%	17.35%	17.23%	16.48%
EPS ²	0.8092	0.8452	0.8652	0.6943	0.7875	0.8813	0.8760	0.9840
Free Cash Flow	47.84	-	235.1	-	-	-	-	-
FCF margin	3.14%	-	15.06%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	14.84%	-	68.2%	-	-	-	-	-
Dividend per Share ²	0.7000	0.7200	0.7400	0.6000	0.6600	0.7497	0.7357	0.8122
Announcement Date	03/02/20	04/02/21	07/02/22	07/02/23	26/02/24	-	-	-

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	47.8	-	235	-	-	-	-	-
ROE (net income / shareholders' equity)	15.6%	16.6%	16.3%	12.8%	14%	15%	14.6%	14.3%
ROA (Net income/ Total Assets)	7.78%	7.86%	7.32%	5.52%	6.66%	7.17%	7.26%	7.43%
Assets ¹	4,143	4,283	4,707	5,014	4,709	4,898	4,810	5,277
Book Value Per Share ²	4.950	5.210	5.370	5.480	5.730	6.060	6.430	7.290
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	1.95	-	1.51	-	-	-	-	-
Capex / Sales	0.13%	-	0.1%	-	-	-	-	-
Announcement Date	03/02/20	04/02/21	07/02/22	07/02/23	26/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12 MYR

Average target price

12.82 MYR

Spread / Average Target

+6.87%

	1st Jan change	Capi.
LPI CAPITAL	+0.33%	1B
TOKIO MARINE HOLDINGS, INC.	+43.10%	62.34B
AMERICAN INTERNATIONAL GROUP, INC.	+11.90%	51.1B
THE TRAVELERS COMPANIES	+11.90%	48.81B
THE ALLSTATE CORPORATION	+22.56%	45.27B
ARCH CAPITAL GROUP LTD.	+28.99%	35.81B
INTACT FINANCIAL CORPORATION	+12.27%	29.67B
MS&AD INSURANCE GROUP HOLDINGS, INC.	+53.14%	28.34B
FAIRFAX FINANCIAL HOLDINGS LIMITED	+25.02%	25.35B
W.R. BERKLEY CORPORATION	+9.98%	20.86B