Financials Samaiden Group

Equities

SAMAIDEN

MYQ0223OO006

Construction & Engineering

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 10/05/2024 am IST			5-day change	1st Jan Change
1.38 ^MYR	+0.73%		+3.76%	+20.00%

19/04	Samaiden Group Berhad Announces Resignation of Foo Jen Kah as Chief Financial Officer, Effective April 20, 2024	CI
11/03	Samaiden Inks Solar Power Purchase Deal with Maxell Tohshin	MT

Valuation

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Capitalization ¹	262.5	223.3	381.6	575.4	-	-
Enterprise Value (EV) ¹	262.5	154.9	347	535.7	526.8	575.4
P/E ratio	40.6 x	18.1 x	39.4 x	31.7 x	21.4 x	17.7 x
Yield	-	-	0.51%	0.36%	0.87%	1.23%
Capitalization / Revenue	-	1.48 x	2.23 x	2.15 x	1.61 x	1.43 x
EV / Revenue	-	1.03 x	2.03 x	2 x	1.47 x	1.43 x
EV / EBITDA	-	9.12 x	21.6 x	21.8 x	14.7 x	14.1 x
EV / FCF	-	28.4 x	11 x	-114 x	16 x	125 x
FCF Yield	-	3.52%	9.07%	-0.88%	6.26%	0.8%
Price to Book	-	2.6 x	3.9 x	4.88 x	4 x	3.49 x
Nbr of stocks (in thousands)	3,50,000	3,85,007	3,87,390	4,16,920	-	-
Reference price ²	0.7500	0.5800	0.9850	1.380	1.380	1.380
Announcement Date	27/09/21	30/08/22	30/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	76.17	-	150.7	170.8	267.5	357.5	402.3
EBITDA ¹	-	-	16.99	16.07	24.57	35.9	40.77
EBIT ¹	-	-	16.8	12.89	24.15	35.96	40.57
Operating Margin	-	-	11.15%	7.54%	9.03%	10.06%	10.08%
Earnings before Tax (EBT) ¹	-	-	16.4	13.39	23.62	35.44	40.8
Net income ¹	-	5.927	11.93	10.08	17.62	26.5	30.83
Net margin	-	-	7.92%	5.9%	6.59%	7.41%	7.66%
EPS ²	0.0292	0.0185	0.0321	0.0250	0.0435	0.0646	0.0780
Free Cash Flow ¹	-	-	5.461	31.48	-4.7	33	4.6
FCF margin	-	-	3.62%	18.43%	-1.76%	9.23%	1.14%
FCF Conversion (EBITDA)	-	-	32.15%	195.83%	-	91.92%	11.28%
FCF Conversion (Net income)	-	-	45.77%	312.28%	-	124.53%	14.92%
Dividend per Share ²	-	-	-	0.005000	0.005000	0.0120	0.0170
Announcement Date	28/09/20	27/09/21	30/08/22	30/08/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 Q2	2024 Q3	2025 Q2
Net sales	-	-	-
EBITDA	-	-	-
EBIT ¹	-	6.9	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	3.17	-	13.1
Net margin	-	-	-
EPS	0.007000	-	0.2440
Dividend per Share	-	-	-
Announcement Date	21/02/24	-	-

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	68.4	34.6	39.7	48.6	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	5.46	31.5	-4.7	33	4.6
ROE (net income / shareholders' equity)	-	-	17.7%	11%	13.9%	17.1%	17.9%
ROA (Net income/ Total Assets)	-	-	9.63%	5.54%	9.7%	11%	9.7%
Assets ¹	-	-	123.9	181.8	181.7	242	317.9
Book Value Per Share ²	-	-	0.2200	0.2500	0.2800	0.3500	0.4000
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	0.51	1.84	1.07	1.07	1.07
Capex / Sales	-	-	0.34%	1.07%	0.4%	0.3%	0.27%
Announcement Date	28/09/20	27/09/21	30/08/22	30/08/23	-	-	-

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

Ratings for Samaiden Group

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.38 MYR

Average target price

1.568 MYR

Spread / Average Target

+13.62%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Construction & Engineering

	1st Jan change	Capi.
SAMAIDEN GROUP	+20.00%	121M
VINCI	+1.67%	71.03B
LARSEN & TOUBRO LIMITED	-7.25%	53.83B
QUANTA SERVICES, INC.	+25.80%	39.74B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+13.93%	31.57B
FERROVIAL SE	+4.72%	27.28B
CHINA RAILWAY GROUP LIMITED	+17.96%	21.32B
WSP GLOBAL INC.	+17.92%	19.99B
EMCOR GROUP, INC.	+76.52%	17.87B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+32.47%	17.66B

Other Construction & Engineering