Financials Reach Energy

Equities

REACH

MYL5256OO002

Oil & Gas Exploration and Production

End-of-day quote BURSA MALAYSIA 03:30:00 10/05/2024 am IST 5-day change 1st Jan Change
0.03 MYR 0.00% Intraday chart for Reach Energy 0.00% -25.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 323.4 180.9 109.6 65.78 49.34 85.16
Enterprise Value (EV) 1 874.7 782.9 757.5 786.5 757.6 719.2
P/E ratio -7.38 x -1.38 x -0.83 x -1.2 x -0.31 x -0.4 x
Yield - - - - - -
Capitalization / Revenue 1.47 x 1.06 x 1.38 x 0.44 x 0.29 x 0.41 x
EV / Revenue 3.97 x 4.58 x 9.52 x 5.22 x 4.47 x 3.45 x
EV / EBITDA 13.9 x -112 x -82.1 x 23.1 x 540 x 13.6 x
EV / FCF -39.2 x -29.2 x 16.6 x -59.2 x -75 x 4.95 x
FCF Yield -2.55% -3.42% 6.04% -1.69% -1.33% 20.2%
Price to Book 0.47 x 0.38 x 0.31 x 0.22 x 0.27 x 0.46 x
Nbr of stocks (in thousands) 10,96,413 10,96,413 10,96,413 10,96,413 10,96,413 21,28,957
Reference price 2 0.2950 0.1650 0.1000 0.0600 0.0450 0.0400
Announcement Date 26/03/19 30/06/20 24/05/21 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 1 220.3 170.8 79.54 150.7 169.5 208.7
EBITDA 1 63 -7.021 -9.231 34.07 1.404 52.94
EBIT 1 3.159 -97.73 -194.9 -42.13 -142.9 -454.9
Operating Margin 1.43% -57.21% -245.01% -27.96% -84.3% -217.99%
Earnings before Tax (EBT) 1 -38.71 -193.1 -247 -74.9 -224.1 -435.5
Net income 1 -41.73 -128.4 -128.7 -53.41 -157.2 -208.3
Net margin -18.94% -75.17% -161.79% -35.44% -92.76% -99.82%
EPS 2 -0.0400 -0.1200 -0.1200 -0.0500 -0.1434 -0.1000
Free Cash Flow 1 -22.31 -26.8 45.76 -13.28 -10.1 145.3
FCF margin -10.13% -15.69% 57.54% -8.81% -5.96% 69.61%
FCF Conversion (EBITDA) - - - - - 274.39%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 26/03/19 30/06/20 24/05/21 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 1 551 602 648 721 708 634
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.749 x -85.74 x -70.18 x 21.15 x 504.5 x 11.98 x
Free Cash Flow 1 -22.3 -26.8 45.8 -13.3 -10.1 145
ROE (net income / shareholders' equity) -6.62% -23.6% -33.9% -18.5% -74.5% -234%
ROA (Net income/ Total Assets) 0.12% -3.84% -8.67% -1.97% -6.64% -25.8%
Assets 1 -35,094 3,341 1,485 2,711 2,367 807
Book Value Per Share 2 0.6300 0.4400 0.3300 0.2800 0.1700 0.0900
Cash Flow per Share 2 0.0400 0.0300 0 0.0400 0.0100 0
Capex 1 35 36.8 15.2 59.4 52.1 37.2
Capex / Sales 15.89% 21.55% 19.05% 39.43% 30.77% 17.82%
Announcement Date 26/03/19 30/06/20 24/05/21 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

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