MALAYSIAN BULK CARRIERS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.32 MYR | +1.59% |
|
+6.67% | +3.23% |
| 21/02 | Maybulk Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 | CI |
| 2023 | Malaysian Bulk Carriers Berhad has Changed its Name to Maybulk Berhad | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 560 | 550 | 540 | 525 | 360 | 310 |
| Enterprise Value (EV) 1 | 740.2 | 1,035 | 853.6 | 458.8 | 13.81 | 0.227 |
| P/E ratio | 2.12 x | -75.1 x | -26 x | 2.69 x | 3.86 x | 6.24 x |
| Yield | - | - | - | - | - | 4.84% |
| Capitalization / Revenue | 2.34 x | 2.13 x | 3.07 x | 2.54 x | 2.33 x | 2.42 x |
| EV / Revenue | 3.1 x | 4.01 x | 4.85 x | 2.22 x | 0.09 x | 0 x |
| EV / EBITDA | 14.5 x | 19.2 x | 35.8 x | 4.42 x | 0.27 x | 0.01 x |
| EV / FCF | -4.4 x | -17.6 x | 8.07 x | 3.36 x | 0.07 x | -0 x |
| FCF Yield | -22.7% | -5.69% | 12.4% | 29.8% | 1,360% | -43,280% |
| Price to Book | 1.42 x | 1.55 x | 1.97 x | 1.12 x | 0.74 x | 0.59 x |
| Nbr of stocks (in thousands) | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 | 10,00,000 |
| Reference price 2 | 0.5600 | 0.5500 | 0.5400 | 0.5250 | 0.3600 | 0.3100 |
| Announcement Date | 04/04/19 | 06/05/20 | 16/04/21 | 29/04/22 | 28/04/23 | 30/04/24 |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 239 | 258 | 176 | 207 | 154.8 | 128.2 |
| EBITDA 1 | 50.98 | 54.03 | 23.86 | 103.7 | 51.64 | 25.54 |
| EBIT 1 | 28.22 | 28.46 | -2.53 | 85.43 | 40.94 | 16.6 |
| Operating Margin | 11.81% | 11.03% | -1.44% | 41.26% | 26.45% | 12.95% |
| Earnings before Tax (EBT) 1 | 264.8 | -6.099 | -20.68 | 195.4 | 93.29 | 52.75 |
| Net income 1 | 263.8 | -7.319 | -20.78 | 195.2 | 93.18 | 49.65 |
| Net margin | 110.4% | -2.84% | -11.81% | 94.3% | 60.2% | 38.72% |
| EPS 2 | 0.2638 | -0.007319 | -0.0208 | 0.1952 | 0.0932 | 0.0496 |
| Free Cash Flow 1 | -168.2 | -58.91 | 105.7 | 136.7 | 187.8 | -98.25 |
| FCF margin | -70.4% | -22.83% | 60.08% | 66.03% | 121.32% | -76.63% |
| FCF Conversion (EBITDA) | - | - | 443.25% | 131.8% | 363.64% | - |
| FCF Conversion (Net income) | - | - | - | 70.02% | 201.52% | - |
| Dividend per Share | - | - | - | - | - | 0.0150 |
| Announcement Date | 04/04/19 | 06/05/20 | 16/04/21 | 29/04/22 | 28/04/23 | 30/04/24 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 180 | 485 | 314 | - | - | - |
| Net Cash position 1 | - | - | - | 66.2 | 346 | 310 |
| Leverage (Debt/EBITDA) | 3.534 x | 8.978 x | 13.15 x | - | - | - |
| Free Cash Flow 1 | -168 | -58.9 | 106 | 137 | 188 | -98.2 |
| ROE (net income / shareholders' equity) | 56% | -1.95% | -6.61% | 52.5% | 19.5% | 9.84% |
| ROA (Net income/ Total Assets) | 1.58% | 1.8% | -0.2% | 8.34% | 4.04% | 1.76% |
| Assets 1 | 16,674 | -407.3 | 10,576 | 2,340 | 2,307 | 2,814 |
| Book Value Per Share 2 | 0.3900 | 0.3500 | 0.2700 | 0.4700 | 0.4900 | 0.5200 |
| Cash Flow per Share 2 | 0.2900 | 0.0800 | 0.0400 | 0.2100 | 0.3800 | 0.3100 |
| Capex 1 | 141 | 192 | 0.72 | 3.11 | 1.8 | 0.05 |
| Capex / Sales | 58.85% | 74.51% | 0.41% | 1.5% | 1.16% | 0.04% |
| Announcement Date | 04/04/19 | 06/05/20 | 16/04/21 | 29/04/22 | 28/04/23 | 30/04/24 |
1MYR in Million2MYR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +3.23% | 67.52M | |
| +34.84% | 12.73B | |
| +37.98% | 4.78B | |
| +37.95% | 4.16B | |
| +20.74% | 2.91B | |
| +27.37% | 2.07B | |
| +22.76% | 1.95B | |
| +78.22% | 2.12B | |
| -12.49% | 1.96B | |
| -0.68% | 1.63B |
- Stock Market
- Equities
- MAYBULK Stock
- Financials Malaysian Bulk Carriers