Financials Bintulu Port Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-07 EDT			5-day change	1st Jan Change
6.16 ^MYR	+0.82%		+0.98%	+19.84%

04-02	Bintulu Port Holdings Berhad Announces the Appointment of Datuk Dyg Sadiah Binti Abg Bohan as Independent and Non Executive Member of Nomination and Remuneration Committee	CI
04-02	Bintulu Port Holdings Berhad Announces the Appointment of Datuk Dyg Sadiah Binti Abg Bohan as Independent and Non Executive Chairman of Risk Committee	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,208	2,208	2,364	2,834	-	-
Enterprise Value (EV) ¹	2,208	2,217	2,364	2,430	2,559	2,623
P/E ratio	6.08 x	17.3 x	18.9 x	22.8 x	18.8 x	16.3 x
Yield	-	2.92%	2.33%	2.2%	2.67%	3.05%
Capitalization / Revenue	-	2.78 x	3.07 x	3.27 x	2.77 x	2.6 x
EV / Revenue	-	2.8 x	3.07 x	2.81 x	2.5 x	2.4 x
EV / EBITDA	-	5.03 x	5.69 x	5.44 x	5.65 x	5.61 x
EV / FCF	-	-	-	8.7 x	8.39 x	-
FCF Yield	-	-	-	11.5%	11.9%	-
Price to Book	-	1.26 x	1.3 x	1.55 x	1.49 x	1.47 x
Nbr of stocks (in thousands)	460,000	460,000	460,000	460,000	-	-
Reference price ²	4.800	4.800	5.140	6.160	6.160	6.160
Announcement Date	22-02-25	23-02-28	24-02-29	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	793.1	770.1	865.8	1,024	1,092
EBITDA ¹	-	440.5	415.7	447.1	452.9	467.2
EBIT ¹	-	226.4	195.3	225.6	237	252
Operating Margin	-	28.54%	25.36%	26.06%	23.14%	23.08%
Earnings before Tax (EBT) ¹	-	178	158.9	162.9	197.9	228.1
Net income ¹	363.2	127.7	125.1	124.2	150.8	173.3
Net margin	-	16.1%	16.24%	14.35%	14.73%	15.87%
EPS ²	0.7895	0.2777	0.2719	0.2700	0.3280	0.3770
Free Cash Flow ¹	-	-	-	279.2	305.2	-
FCF margin	-	-	-	32.25%	29.8%	-
FCF Conversion (EBITDA)	-	-	-	62.45%	67.39%	-
FCF Conversion (Net income)	-	-	-	224.8%	202.32%	-
Dividend per Share ²	-	0.1400	0.1200	0.1355	0.1645	0.1880
Announcement Date	22-02-25	23-02-28	24-02-29	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	9.45	-	-	-	-
Net Cash position ¹	-	-	-	403	274	211
Leverage (Debt/EBITDA)	-	0.0215 x	-	-	-	-
Free Cash Flow ¹	-	-	-	279	305	-
ROE (net income / shareholders' equity)	-	7.42%	6.99%	5.45%	6.6%	8.6%
ROA (Net income/ Total Assets)	-	-	-	13.7%	14.4%	-
Assets ¹	-	-	-	906.6	1,048	-
Book Value Per Share ²	-	3.810	3.970	3.970	4.130	4.200
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	36.2	10.2	159	198	200
Capex / Sales	-	4.57%	1.32%	18.37%	19.36%	18.35%
Announcement Date	22-02-25	23-02-28	24-02-29	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.16 MYR

Average target price

6.2 MYR

Spread / Average Target

+0.65%

	1st Jan change	Capi.
BINTULU PORT HOLDINGS	+19.84%	593M
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED	+24.69%	33.33B
SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	+15.51%	18.26B
DP WORLD PLC	0.00%	13.47B
MISC	+12.48%	7.71B
ABU DHABI PORTS COMPANY	-14.58%	7.55B
QINGDAO PORT INTERNATIONAL CO., LTD.	+25.06%	6.89B
JSW INFRASTRUCTURE LIMITED	+18.22%	5.95B
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	+3.38%	5.76B
QUBE HOLDINGS LIMITED	+10.96%	4.18B