Financials Comfort Gloves

Equities

COMFORT

MYL2127OO008

Medical Equipment, Supplies & Distribution

End-of-day quote BURSA MALAYSIA 18:00:00 2024-05-08 EDT 5-day change 1st Jan Change
0.465 MYR +1.09% Intraday chart for Comfort Gloves +6.90% -2.11%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 486.1 460.5 1,743 615.3 281 275
Enterprise Value (EV) 1 466.8 526.1 1,791 544.9 78.56 71.5
P/E ratio 14.7 x 16.5 x 52 x 2.21 x -6.65 x -7.47 x
Yield 1.16% 1.9% - 2.83% - -
Capitalization / Revenue 1.15 x 0.97 x 3.41 x 0.65 x 0.46 x 0.84 x
EV / Revenue 1.11 x 1.11 x 3.51 x 0.58 x 0.13 x 0.22 x
EV / EBITDA 8.91 x 10 x 26.9 x 1.39 x -4.75 x -8.8 x
EV / FCF -21 x -8.45 x 243 x 7.54 x 3.12 x 4.5 x
FCF Yield -4.76% -11.8% 0.41% 13.3% 32.1% 22.2%
Price to Book 1.98 x 1.6 x 5.61 x 1.06 x 0.31 x 0.32 x
Nbr of stocks (in thousands) 561,949 582,949 582,949 580,443 579,350 579,000
Reference price 2 0.8650 0.7900 2.990 1.060 0.4850 0.4750
Announcement Date 18-05-30 19-05-31 20-05-28 21-05-24 23-04-20 24-04-25
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 421.2 474 510.7 946.4 606.7 325.9
EBITDA 1 52.38 52.42 66.49 392.8 -16.54 -8.124
EBIT 1 40.03 36.5 44.8 365.4 -61.3 -52.92
Operating Margin 9.51% 7.7% 8.77% 38.61% -10.1% -16.24%
Earnings before Tax (EBT) 1 41.12 35.44 41.56 363.3 -60.16 -47.96
Net income 1 35.9 27.9 33.18 280.2 -42.3 -36.81
Net margin 8.52% 5.88% 6.5% 29.61% -6.97% -11.3%
EPS 2 0.0588 0.0479 0.0575 0.4807 -0.0729 -0.0636
Free Cash Flow 1 -22.24 -62.25 7.368 72.22 25.21 15.9
FCF margin -5.28% -13.13% 1.44% 7.63% 4.16% 4.88%
FCF Conversion (EBITDA) - - 11.08% 18.39% - -
FCF Conversion (Net income) - - 22.21% 25.77% - -
Dividend per Share 2 0.0100 0.0150 - 0.0300 - -
Announcement Date 18-05-30 19-05-31 20-05-28 21-05-24 23-04-20 24-04-25
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 65.6 48.3 - - -
Net Cash position 1 19.3 - - 70.4 202 204
Leverage (Debt/EBITDA) - 1.251 x 0.7269 x - - -
Free Cash Flow 1 -22.2 -62.2 7.37 72.2 25.2 15.9
ROE (net income / shareholders' equity) 15.9% 10.7% 11.3% 62.8% -4.63% -4.18%
ROA (Net income/ Total Assets) 9.02% 5.99% 5.97% 36% -3.53% -3.38%
Assets 1 397.9 465.9 555.9 779 1,198 1,088
Book Value Per Share 2 0.4400 0.4900 0.5300 1.000 1.540 1.500
Cash Flow per Share 2 0.0500 0.0400 0.0600 0.2100 0.2300 0.2400
Capex 1 34.7 63.7 50.8 127 50.2 14
Capex / Sales 8.24% 13.44% 9.94% 13.47% 8.27% 4.31%
Announcement Date 18-05-30 19-05-31 20-05-28 21-05-24 23-04-20 24-04-25
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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