Financials Muda Holdings

Equities

MUDA

MYL3883OO005

Paper Packaging

End-of-day quote BURSA MALAYSIA 03:30:00 30/04/2024 am IST 5-day change 1st Jan Change
1.46 MYR -2.01% Intraday chart for Muda Holdings -2.01% +2.10%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 405.7 546 430.1 848 841.9 579.6
Enterprise Value (EV) 1 913.2 1,067 824.8 1,149 1,309 1,154
P/E ratio 6.9 x 7.04 x 10.9 x 9.42 x 10.8 x -53.3 x
Yield 2.63% 2.51% 2.84% 1.8% 1.81% 2.11%
Capitalization / Revenue 0.28 x 0.35 x 0.28 x 0.59 x 0.48 x 0.33 x
EV / Revenue 0.63 x 0.69 x 0.54 x 0.81 x 0.75 x 0.65 x
EV / EBITDA 7.26 x 5.57 x 4.77 x 5.73 x 7.02 x 13.7 x
EV / FCF -10.7 x -4,314 x 6.49 x 11.2 x -8.6 x -13.1 x
FCF Yield -9.32% -0.02% 15.4% 8.95% -11.6% -7.65%
Price to Book 0.42 x 0.53 x 0.41 x 0.75 x 0.64 x 0.45 x
Nbr of stocks (in thousands) 3,05,051 3,05,051 3,05,051 3,05,051 3,05,051 3,05,051
Reference price 2 1.330 1.790 1.410 2.780 2.760 1.900
Announcement Date 27/04/18 29/04/19 24/06/20 28/04/21 28/04/22 27/04/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,448 1,544 1,519 1,426 1,741 1,769
EBITDA 1 125.8 191.5 173 200.7 186.5 84.46
EBIT 1 63.67 123.3 108 136.2 117.6 12.4
Operating Margin 4.4% 7.98% 7.11% 9.55% 6.76% 0.7%
Earnings before Tax (EBT) 1 65.38 100.9 66.05 120 108.1 -15.11
Net income 1 58.77 77.53 39.34 90.02 77.84 -10.87
Net margin 4.06% 5.02% 2.59% 6.31% 4.47% -0.61%
EPS 2 0.1926 0.2542 0.1290 0.2951 0.2552 -0.0356
Free Cash Flow 1 -85.09 -0.2472 127.1 102.8 -152.2 -88.26
FCF margin -5.87% -0.02% 8.37% 7.21% -8.74% -4.99%
FCF Conversion (EBITDA) - - 73.48% 51.23% - -
FCF Conversion (Net income) - - 323.2% 114.19% - -
Dividend per Share 2 0.0350 0.0450 0.0400 0.0500 0.0500 0.0400
Announcement Date 27/04/18 29/04/19 24/06/20 28/04/21 28/04/22 27/04/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 507 521 395 301 467 575
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.035 x 2.719 x 2.281 x 1.501 x 2.503 x 6.807 x
Free Cash Flow 1 -85.1 -0.25 127 103 -152 -88.3
ROE (net income / shareholders' equity) 6.43% 7.83% 3.83% 8.66% 6.73% -0.61%
ROA (Net income/ Total Assets) 2.26% 4.01% 3.47% 4.39% 3.4% 0.32%
Assets 1 2,599 1,933 1,135 2,050 2,292 -3,363
Book Value Per Share 2 3.160 3.350 3.470 3.730 4.320 4.240
Cash Flow per Share 2 0.2400 0.2500 0.3400 0.3000 0.3000 0.2800
Capex 1 74.6 98.4 58.2 46 143 162
Capex / Sales 5.15% 6.37% 3.83% 3.23% 8.21% 9.15%
Announcement Date 27/04/18 29/04/19 24/06/20 28/04/21 28/04/22 27/04/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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