Financials SAM Engineering & Equipment (M)

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
5.7 ^MYR	+6.15%		+18.01%	+40.39%

27/03	SAM Engineering & Equipment (M) Berhad Appoints Piroon Saengpakdee as Independent and Non Executive Director	CI
23/02	Sam Engineering & Equipment (M) Berhad Reports Unaudited Property, Plant and Equipment Written Off for the Three Months Ended December 31, 2023	CI

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Capitalization ¹	1,053	720.4	2,572	2,448	3,859	-	-
Enterprise Value (EV) ¹	1,129	720.4	2,572	2,448	4,153	4,179	4,198
P/E ratio	13.4 x	9.02 x	34.1 x	27.5 x	40.5 x	32.1 x	24.3 x
Yield	3.73%	-	-	0.55%	0.52%	0.72%	1.02%
Capitalization / Revenue	1.39 x	-	-	1.69 x	2.53 x	2.09 x	1.75 x
EV / Revenue	1.5 x	-	-	1.69 x	2.73 x	2.27 x	1.9 x
EV / EBITDA	8.42 x	-	-	12.3 x	19.2 x	16.1 x	13.5 x
EV / FCF	-15.8 x	-	-	-9.73 x	-12.5 x	92.9 x	34.5 x
FCF Yield	-6.34%	-	-	-10.3%	-8.02%	1.08%	2.9%
Price to Book	1.97 x	-	-	3.01 x	3.41 x	3.18 x	2.85 x
Nbr of stocks (in thousands)	5,40,668	5,40,668	5,41,400	5,41,589	6,76,987	-	-
Reference price ²	1.948	1.332	4.750	4.520	5.700	5.700	5.700
Announcement Date	21/05/19	05/06/20	24/05/22	24/05/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: März	2019	2020	2022	2023	2024	2025	2026
Net sales ¹	755	-	-	1,445	1,524	1,844	2,210
EBITDA ¹	134.1	-	-	199	216.2	259.5	310.9
EBIT ¹	97.55	-	-	130	135	170	219.4
Operating Margin	12.92%	-	-	9%	8.86%	9.22%	9.93%
Earnings before Tax (EBT) ¹	94.8	-	-	115	120.1	155.4	205.2
Net income ¹	78.51	79.82	75.46	88.85	92.63	120.4	158.8
Net margin	10.4%	-	-	6.15%	6.08%	6.53%	7.19%
EPS ²	0.1452	0.1476	0.1394	0.1641	0.1407	0.1773	0.2350
Free Cash Flow ¹	-71.61	-	-	-251.6	-332.9	45	121.8
FCF margin	-9.49%	-	-	-17.41%	-21.85%	2.44%	5.51%
FCF Conversion (EBITDA)	-	-	-	-	-	17.34%	39.17%
FCF Conversion (Net income)	-	-	-	-	-	37.38%	76.68%
Dividend per Share ²	0.0726	-	-	0.0250	0.0297	0.0410	0.0583
Announcement Date	21/05/19	05/06/20	24/05/22	24/05/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Net Debt ¹	75.8	-	-	-	294	320	340
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5654 x	-	-	-	1.362 x	1.235 x	1.092 x
Free Cash Flow ¹	-71.6	-	-	-252	-333	45	122
ROE (net income / shareholders' equity)	15.6%	-	-	11.8%	9.1%	9.8%	11.7%
ROA (Net income/ Total Assets)	10.7%	-	-	6.31%	5.27%	5.89%	7.09%
Assets ¹	733.1	-	-	1,407	1,757	2,043	2,240
Book Value Per Share ²	0.9900	-	-	1.500	1.670	1.800	2.000
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	103	-	-	219	87.1	58.3	56.4
Capex / Sales	13.59%	-	-	15.16%	5.71%	3.16%	2.55%
Announcement Date	21/05/19	05/06/20	24/05/22	24/05/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.7 MYR

Average target price

5.05 MYR

Spread / Average Target

-11.40%

	1st Jan change	Capi.
SAM ENGINEERING & EQUIPMENT (M)	+40.39%	767M
ATLAS COPCO AB	+16.68%	85.82B
PARKER-HANNIFIN CORPORATION	+22.46%	72.07B
INGERSOLL RAND INC.	+18.00%	36.71B
XYLEM INC.	+24.91%	34.58B
FANUC CORPORATION	+12.66%	28.12B
FORTIVE CORPORATION	+4.54%	27.28B
SANDVIK AB	+6.88%	26.89B
TECHTRONIC INDUSTRIES CO. LTD.	+20.37%	26.17B
DOVER CORPORATION	+20.92%	25.42B