Financials Spritzer

Equities

SPRITZER

MYL7103OO004

Non-Alcoholic Beverages

End-of-day quote BURSA MALAYSIA 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
2.38 MYR +0.42% Intraday chart for Spritzer +1.28% +30.05%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 440.9 472.4 413.6 440.9 463.7 759.9 759.9 -
Enterprise Value (EV) 1 440.9 472.4 413.6 440.9 458.1 548.6 728.7 720.9
P/E ratio 18.2 x 15.4 x 11.8 x 18.7 x 13.1 x 12.1 x 14.4 x 13.8 x
Yield 1.67% 2% 2.28% 2.14% 2.82% 3.01% 2.34% 2.35%
Capitalization / Revenue 1.27 x 1.26 x 1.34 x 1.33 x 1.07 x 1.18 x 1.47 x 1.4 x
EV / Revenue 1.27 x 1.26 x 1.34 x 1.33 x 1.06 x 1.12 x 1.41 x 1.33 x
EV / EBITDA 13.8 x 8.14 x - 8.82 x 6.99 x 6.11 x 7.68 x 7.16 x
EV / FCF 6,40,79,932 x -1,52,17,565 x - - - - - -
FCF Yield 0% -0% - - - - - -
Price to Book 1.13 x 1.14 x - - 1.22 x 1.1 x 1.33 x 1.26 x
Nbr of stocks (in thousands) 3,14,953 3,14,953 3,14,953 3,14,953 3,13,304 3,19,302 3,19,302 -
Reference price 2 1.400 1.500 1.313 1.400 1.480 2.380 2.380 2.380
Announcement Date 26/02/19 26/02/20 26/02/21 25/02/22 27/02/23 28/02/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 347.7 374.4 308.4 331 433.3 490.7 518 542.3
EBITDA 1 31.85 58.04 - 50 65.56 89.8 94.87 100.6
EBIT 1 - 42 35.2 30.87 46.06 67.54 70.43 71.75
Operating Margin - 11.22% 11.41% 9.33% 10.63% 13.76% 13.6% 13.23%
Earnings before Tax (EBT) 1 33.86 41.3 34.64 30.34 45.2 65.92 68.83 71.93
Net income 1 24.22 31.25 35.66 24.24 36.96 49.49 52.33 54.9
Net margin 6.97% 8.35% 11.56% 7.32% 8.53% 10.09% 10.1% 10.12%
EPS 2 0.0769 0.0971 0.1109 0.0747 0.1133 0.1518 0.1650 0.1730
Free Cash Flow 6.881 -31.04 - - - - - -
FCF margin 1.98% -8.29% - - - - - -
FCF Conversion (EBITDA) 21.61% - - - - - - -
FCF Conversion (Net income) 28.4% - - - - - - -
Dividend per Share 2 0.0233 0.0300 0.0300 0.0300 0.0417 0.0550 0.0558 0.0560
Announcement Date 26/02/19 26/02/20 26/02/21 25/02/22 27/02/23 28/02/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3
Net sales - -
EBITDA - -
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 7.622 11.43
Net margin - -
EPS 2 0.0235 0.0348
Dividend per Share - -
Announcement Date 29/08/22 28/11/22
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 5.6 30.2 31.2 39
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 6.88 -31 - - - - - -
ROE (net income / shareholders' equity) 6.33% 7.77% - 5.35% 7.73% 12.9% 9.53% 9.1%
ROA (Net income/ Total Assets) - - - - 6.38% 10.2% 7.2% 7.1%
Assets 1 - - - - 579.5 483.7 726.9 773.2
Book Value Per Share 2 1.240 1.320 - - 1.210 1.670 1.790 1.900
Cash Flow per Share - - - - - - - -
Capex 1 27.5 63.6 - - 103 78 20 20
Capex / Sales 7.9% 16.99% - - 23.72% 15.91% 3.86% 3.69%
Announcement Date 26/02/19 26/02/20 26/02/21 25/02/22 27/02/23 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
OUTPERFORM
Number of Analysts
4
Last Close Price
2.38 MYR
Average target price
2.198 MYR
Spread / Average Target
-7.67%
Consensus

Annual profits - Rate of surprise