Financials Ramssol Group

Equities

RAMSSOL

MYQ0236OO008

Employment Services

End-of-day quote BURSA MALAYSIA 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
0.65 MYR +3.17% Intraday chart for Ramssol Group +13.04% +71.05%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 176.2 107.5 121.2 207.3 - -
Enterprise Value (EV) 1 176.2 106.2 118.1 203.8 194.8 183.6
P/E ratio 25.7 x 23.7 x 15.2 x 16.3 x 15.6 x 11.7 x
Yield - - - 1.69% 2.15% 2.62%
Capitalization / Revenue - 3.86 x 3.97 x 3.64 x 3.07 x 2.73 x
EV / Revenue - 3.81 x 3.87 x 3.58 x 2.89 x 2.42 x
EV / EBITDA - 21.3 x 11.8 x 11.5 x 8.79 x 6.65 x
EV / FCF - 22.3 x 143 x 64.2 x 16.1 x 11.8 x
FCF Yield - 4.48% 0.7% 1.56% 6.19% 8.45%
Price to Book - 1.76 x 1.41 x 2.17 x 1.91 x 1.71 x
Nbr of stocks (in thousands) 2,23,052 2,44,357 3,18,964 3,18,964 - -
Reference price 2 0.7900 0.4400 0.3800 0.6500 0.6500 0.6500
Announcement Date 25/02/22 24/02/23 28/02/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 25.33 - 27.83 30.55 57 67.49 75.84
EBITDA 1 - - 4.995 10.05 17.69 22.17 27.6
EBIT 1 - - 4.103 8.35 14.72 17.63 21.84
Operating Margin - - 14.74% 27.33% 25.82% 26.12% 28.8%
Earnings before Tax (EBT) 1 - - 3.721 7.071 14.01 17.17 21.47
Net income 1 7.533 6.838 4.185 6.564 12.1 14.74 18.23
Net margin 29.74% - 15.04% 21.49% 21.22% 21.84% 24.04%
EPS 2 - 0.0307 0.0186 0.0250 0.0400 0.0417 0.0555
Free Cash Flow 1 - - 4.761 0.828 3.175 12.06 15.52
FCF margin - - 17.11% 2.71% 5.57% 17.88% 20.47%
FCF Conversion (EBITDA) - - 95.32% 8.24% 17.94% 54.42% 56.24%
FCF Conversion (Net income) - - 113.76% 12.61% 26.25% 81.87% 85.16%
Dividend per Share 2 - - - - 0.0110 0.0140 0.0170
Announcement Date 22/06/21 25/02/22 24/02/23 28/02/24 - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - 1.36 3.12 3.5 12.5 23.7
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 4.76 0.83 3.18 12.1 15.5
ROE (net income / shareholders' equity) - - 8.4% 9.35% 15.1% 16% 17.6%
ROA (Net income/ Total Assets) - - 7.53% 7.96% 13.5% 14.6% 16.5%
Assets 1 - - 55.6 82.5 89.6 100.7 110.5
Book Value Per Share 2 - - 0.2500 0.2700 0.3000 0.3400 0.3800
Cash Flow per Share - - - - - - -
Capex 1 - - 1.95 0.26 0.9 0.97 1.25
Capex / Sales - - 7% 0.84% 1.58% 1.43% 1.65%
Announcement Date 22/06/21 25/02/22 24/02/23 28/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.65 MYR
Average target price
0.68 MYR
Spread / Average Target
+4.62%
Consensus

Annual profits - Rate of surprise

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