MAH SING GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.27 MYR | -1.55% |
|
-0.78% | +53.01% |
| 28/02 | Mah Sing Hikes Dividend as Q4 Profit Surges | MT |
| 27/02 | Mah Sing Group Berhad Declares First and Final Single-Tier Dividend for Financial Year Ended 31 December 2023, Payable on May 23, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,712 | 2,112 | 1,675 | 1,372 | 2,015 | 3,167 | - | - |
| Enterprise Value (EV) 1 | 1,215 | 2,172 | 2,164 | 2,144 | 2,396 | 4,008 | 4,052 | 3,997 |
| P/E ratio | 15.7 x | 77.7 x | 15.8 x | 8.69 x | 9.36 x | 13.1 x | 11.8 x | 11.1 x |
| Yield | 4.75% | 1.91% | 3.84% | 5.31% | 4.82% | 3.3% | 3.61% | 3.96% |
| Capitalization / Revenue | 0.96 x | 1.38 x | 0.96 x | 0.59 x | 0.77 x | 1.14 x | 1.05 x | 1.01 x |
| EV / Revenue | 0.68 x | 1.42 x | 1.23 x | 0.93 x | 0.92 x | 1.44 x | 1.34 x | 1.28 x |
| EV / EBITDA | 3.9 x | 10.7 x | 7.21 x | 5.93 x | - | 9.33 x | 8.47 x | 7.97 x |
| EV / FCF | 3.68 x | 11.5 x | -15.6 x | 4.17 x | 3.99 x | -54.9 x | -51.3 x | 18.3 x |
| FCF Yield | 27.1% | 8.68% | -6.4% | 24% | 25.1% | -1.82% | -1.95% | 5.48% |
| Price to Book | 0.49 x | 0.61 x | 0.48 x | 0.38 x | 0.55 x | 0.81 x | 0.78 x | 0.75 x |
| Nbr of stocks (in thousands) | 24,27,687 | 24,27,688 | 24,27,688 | 24,27,688 | 24,27,688 | 24,93,913 | - | - |
| Reference price 2 | 0.7050 | 0.8700 | 0.6900 | 0.5650 | 0.8300 | 1.270 | 1.270 | 1.270 |
| Announcement Date | 28/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 27/02/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,193 | 1,790 | 1,531 | 1,754 | 2,317 | 2,603 | 2,784 | 3,013 |
| EBITDA 1 | 363.9 | 311.8 | 203.7 | 300.2 | 361.2 | 380.8 | 429.5 | 478.1 |
| EBIT 1 | 357.7 | 271.4 | 164.4 | 261.4 | 320.5 | 379.2 | 390.2 | 436.9 |
| Operating Margin | 16.31% | 15.17% | 10.74% | 14.9% | 13.83% | 14.57% | 14.02% | 14.5% |
| Earnings before Tax (EBT) 1 | 347.6 | 270.2 | 153.7 | 219.2 | 264.1 | 327.4 | 336.6 | 377.8 |
| Net income 1 | 271.6 | 200.3 | 100.4 | 106.7 | 180 | 215.3 | 238.5 | 267.4 |
| Net margin | 12.38% | 11.19% | 6.56% | 6.08% | 7.77% | 8.27% | 8.57% | 8.88% |
| EPS 2 | 0.0783 | 0.0449 | 0.0112 | 0.0437 | 0.0650 | 0.0887 | 0.0966 | 0.1080 |
| Free Cash Flow 1 | 397.3 | 329.9 | 188.6 | -138.5 | 514.4 | 601.1 | -73 | -79 |
| FCF margin | 18.12% | 18.43% | 12.32% | -7.9% | 22.2% | 23.09% | -2.62% | -2.62% |
| FCF Conversion (EBITDA) | 109.16% | 105.78% | 92.6% | - | 142.41% | - | - | - |
| FCF Conversion (Net income) | 146.28% | 164.65% | 187.85% | - | 285.67% | 279.22% | - | - |
| Dividend per Share 2 | 0.0450 | 0.0335 | 0.0166 | 0.0265 | 0.0300 | 0.0400 | 0.0419 | 0.0458 |
| Announcement Date | 27/02/19 | 28/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 27/02/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 |
|---|---|
| Net sales 1 | 644.3 |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income | - |
| Net margin | - |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 29/11/23 |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 60.4 | 489 | 772 | 381 | 841 | 884 | 830 |
| Net Cash position 1 | 497 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.2964 x | 1.629 x | 2.137 x | - | 1.957 x | 1.85 x | 1.654 x |
| Free Cash Flow 1 | 330 | 189 | -138 | 514 | 601 | -73 | -79 | 219 |
| ROE (net income / shareholders' equity) | 4.16% | 2.22% | 3.87% | 4.69% | 5.93% | 6.28% | 6.77% | 7.02% |
| ROA (Net income/ Total Assets) | 2.95% | 1.48% | 2.32% | 2.68% | 3.36% | 3.61% | 3.79% | 3.92% |
| Assets 1 | 6,793 | 6,771 | 4,599 | 6,716 | 6,403 | 6,609 | 7,050 | 7,272 |
| Book Value Per Share 2 | 1.440 | 1.420 | 1.430 | 1.470 | 1.520 | 1.580 | 1.640 | 1.690 |
| Cash Flow per Share 2 | 0.1500 | 0.1200 | 0.0700 | 0.3200 | 0.1200 | -0.1100 | -0.0300 | 0.1100 |
| Capex 1 | 34.4 | 52.3 | 180 | 76.3 | 53.3 | 109 | 65.9 | 42.1 |
| Capex / Sales | 1.92% | 3.42% | 10.26% | 3.29% | 2.05% | 3.92% | 2.19% | 1.35% |
| Announcement Date | 28/02/20 | 25/02/21 | 28/02/22 | 28/02/23 | 27/02/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
1.27
MYR
Average target price
1.389
MYR
Spread / Average Target
+9.37%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +53.01% | 668M | |
| +40.41% | 29.66B | |
| -11.60% | 27.69B | |
| +7.86% | 27.57B | |
| +20.90% | 26.07B | |
| +49.25% | 24.02B | |
| +13.23% | 21.83B | |
| -1.52% | 18.77B | |
| +28.90% | 16.76B | |
| -13.27% | 15.28B |
- Stock Market
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- Financials Mah Sing Group
