Projected Income Statement: Ancom

Forecast Balance Sheet: Ancom

Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028
Net Debt - 215 -137 - - - -
Change - - -163.72% - - - -
Announcement Date 7/18/22 9/27/23 7/18/24 7/17/25 - - -
Estimates

Cash Flow Forecast: Ancom

Fiscal Period: May 2023 2024 2025 2026 2027 2028
CAPEX 1 13.19 48.33 33.57 35 35 35
Change - 266.5% -30.54% 4.26% 0% 0%
Free Cash Flow (FCF) 1 83.33 - - - - -
Change - - - - - -
Announcement Date 9/27/23 7/18/24 7/17/25 - - -
1MYR in Million
Estimates

Forecast Financial Ratios: Ancom

Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028

Profitability

       
EBITDA Margin (%) - 6.71% 8.61% 6.5% 8.07% 8.7% 8.07%
EBIT Margin (%) - 5.68% 6.57% 6.33% 6.78% 7.25% 6.6%
EBT Margin (%) - 4.69% 5.53% 5.29% 5.63% 6.2% 5.87%
Net margin (%) - 3.68% 4.08% 3.39% 4.18% 4.65% 4.46%
FCF margin (%) - 4.08% - - - - -
FCF / Net Income (%) - 110.91% - - - - -

Profitability

       
ROA - 6.45% 6.7% 5.12% 7% 7% 7%
ROE - 17.09% 15.67% 11.06% 11.83% 12.25% 12%

Financial Health

       
Leverage (Debt/EBITDA) - 1.57x - - - - -
Debt / Free cash flow - 2.58x - - - - -

Capital Intensity

       
CAPEX / Current Assets (%) - 0.65% 2.42% 1.79% 1.78% 1.68% 1.51%
CAPEX / EBITDA (%) - 9.62% 28.13% 27.55% 22.04% 19.33% 18.77%
CAPEX / FCF (%) - 15.83% - - - - -

Items per share

       
Cash flow per share 1 - - - - - - -
Change - - - - - - -
Dividend per Share 1 - 0.0099 0.0099 0.0099 0.0203 0.022 0.02
Change - - 0% 0% 105.35% 8.21% -9.09%
Book Value Per Share 1 - 0.5208 0.5667 0.5545 0.65 0.7 0.8
Change - - 8.82% -2.17% 17.23% 7.69% 14.29%
EPS 1 0.2246 0.0756 0.0793 0.0593 0.075 0.0883 0.09
Change - -66.33% 4.85% -25.22% 26.45% 17.77% 1.89%
Nbr of stocks (in thousands) 859,164 934,508 957,559 1,072,459 1,052,642 1,052,642 1,052,642
Announcement Date 7/18/22 9/27/23 7/18/24 7/17/25 - - -
1MYR
Estimates
2026 *2027 *
P/E 11.6x 9.85x
PBR 1.34x 1.24x
EV / Sales 0.47x 0.44x
Yield 2.34% 2.53%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
0.8700MYR
Average target price
1.237MYR
Spread / Average Target
+42.15%

Annual profits - Rate of surprise