Financials TIME dotCom

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 28/06/2024 am IST			5-day change	1st Jan Change
5.03 ^MYR	+1.00%		+0.20%	-6.85%

29/05	TIME dotCom Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
16/05	IBPO Group Berhad and Time DotCom Berhad Partner to Strengthen Data Security in Fusion Finance	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,399	8,013	8,398	8,999	9,973	9,337	-	-
Enterprise Value (EV) ¹	5,105	7,448	7,856	8,544	8,449	8,260	8,360	8,409
P/E ratio	17.4 x	24.2 x	21.3 x	20 x	3.88 x	20 x	18.4 x	17.3 x
Yield	1.08%	2.5%	2.86%	2.52%	13.1%	4.94%	4.91%	5.12%
Capitalization / Revenue	4.85 x	6.55 x	6.01 x	5.71 x	6.04 x	5.41 x	5 x	4.65 x
EV / Revenue	4.58 x	6.09 x	5.63 x	5.42 x	5.11 x	4.79 x	4.48 x	4.19 x
EV / EBITDA	10.6 x	13.1 x	11.4 x	11.3 x	14.5 x	11 x	10.3 x	9.55 x
EV / FCF	17.5 x	20.8 x	23.7 x	28.1 x	20.2 x	13.6 x	21.4 x	18.7 x
FCF Yield	5.72%	4.82%	4.22%	3.56%	4.94%	7.33%	4.66%	5.34%
Price to Book	1.95 x	2.63 x	2.67 x	2.88 x	2.41 x	2.5 x	2.42 x	2.31 x
Nbr of stocks (in thousands)	17,56,604	18,12,785	18,25,619	18,36,586	18,46,839	18,48,819	-	-
Reference price ²	3.073	4.420	4.600	4.900	5.400	5.030	5.030	5.030
Announcement Date	28/02/20	26/02/21	25/02/22	28/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,114	1,223	1,396	1,576	1,652	1,726	1,868	2,008
EBITDA ¹	479.8	567.1	689.2	758.1	581	748.1	815.1	880.6
EBIT ¹	330.3	415.2	526	571.3	384.1	516.2	574.6	614.4
Operating Margin	29.65%	33.94%	37.67%	36.26%	23.25%	29.91%	30.77%	30.59%
Earnings before Tax (EBT) ¹	328.1	423.1	532.7	577.1	454.5	637.3	690.8	735.7
Net income ¹	314	328	393.2	449.9	2,569	463.8	503.6	536.2
Net margin	28.19%	26.82%	28.16%	28.55%	155.51%	26.88%	26.96%	26.7%
EPS ²	0.1771	0.1824	0.2161	0.2456	1.392	0.2511	0.2730	0.2908
Free Cash Flow ¹	291.9	358.6	331.5	303.8	417.7	605.5	389.9	449
FCF margin	26.2%	29.32%	23.74%	19.28%	25.29%	35.09%	20.88%	22.36%
FCF Conversion (EBITDA)	60.83%	63.24%	48.1%	40.08%	71.89%	80.94%	47.84%	50.99%
FCF Conversion (Net income)	92.94%	109.32%	84.32%	67.53%	16.26%	130.55%	77.43%	83.74%
Dividend per Share ²	0.0332	0.1103	0.1315	0.1233	0.7065	0.2486	0.2472	0.2578
Announcement Date	28/02/20	26/02/21	25/02/22	28/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	293	565	542	455	1,524	1,077	977	928
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	292	359	332	304	418	606	390	449
ROE (net income / shareholders' equity)	11.9%	11.3%	12.7%	14.4%	9.14%	11.5%	12.9%	13.6%
ROA (Net income/ Total Assets)	9.38%	8.84%	9.8%	10.8%	54.1%	8.6%	8.8%	8.9%
Assets ¹	3,349	3,711	4,011	4,155	4,752	5,393	5,722	6,024
Book Value Per Share ²	1.580	1.680	1.720	1.700	2.240	2.010	2.080	2.180
Cash Flow per Share ²	0.3400	0.3600	0.3500	0.4100	0.4200	0.3900	0.4100	0.4600
Capex ¹	318	283	300	452	350	361	363	310
Capex / Sales	28.58%	23.1%	21.52%	28.68%	21.2%	20.92%	19.44%	15.42%
Announcement Date	28/02/20	26/02/21	25/02/22	28/02/23	29/02/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.03 MYR

Average target price

5.749 MYR

Spread / Average Target

+14.29%

	1st Jan change	Capi.
TIME DOTCOM	-6.85%	1.97B
CHINA MOBILE LIMITED	+18.83%	216B
VERIZON COMMUNICATIONS	+10.81%	174B
DEUTSCHE TELEKOM AG	+9.15%	124B
NIPPON TELEGRAPH AND TELEPHONE CORPORATION	-9.34%	79.34B
CHINA TELECOM CORPORATION LIMITED	+23.80%	73.93B
AMÉRICA MÓVIL, S.A.B. DE C.V.	-1.08%	52.55B
SAUDI TELECOM COMPANY	-5.94%	50.62B
CHARTER COMMUNICATIONS, INC.	-23.71%	43.06B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	-18.02%	38.12B