Financials Deleum

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-06-23 EDT			5-day change	1st Jan Change
1.34 ^MYR	-1.47%		-0.74%	+40.31%

06-10	Deleum Secures MYR105 Million Deal from Petronas Carigali; Shares Gain 4%	MT
05-28	Deleum Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	385.5	244.9	200.8	361.4	383.5	538.1	-	-
Enterprise Value (EV) ¹	385.5	244.9	200.8	361.4	170	453	313.7	282.8
P/E ratio	11.6 x	33 x	11.8 x	8.58 x	8.38 x	10.2 x	9.61 x	9.24 x
Yield	4.58%	-	-	3.56%	5.97%	4.81%	5.11%	5.41%
Capitalization / Revenue	0.44 x	-	-	0.52 x	0.48 x	0.67 x	0.6 x	0.56 x
EV / Revenue	0.44 x	-	-	0.52 x	0.21 x	0.56 x	0.35 x	0.3 x
EV / EBITDA	4.45 x	-	-	3.78 x	1.51 x	4.16 x	2.68 x	2.29 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.1 x	-	-	0.93 x	0.93 x	1.22 x	1.14 x	1.06 x
Nbr of stocks (in thousands)	401,553	401,554	401,554	401,554	401,554	401,554	-	-
Reference price ²	0.9600	0.6100	0.5000	0.9000	0.9550	1.340	1.340	1.340
Announcement Date	2/26/20	3/29/21	2/23/22	2/28/23	2/26/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	868.3	-	-	698	792	802.3	892.8	956.1
EBITDA ¹	86.67	-	-	95.58	112.4	109	116.9	123.6
EBIT ¹	52.16	-	-	62.08	79.41	80	85.2	85.67
Operating Margin	6.01%	-	-	8.89%	10.03%	9.97%	9.54%	8.96%
Earnings before Tax (EBT) ¹	55.07	-	-	67.89	84.92	83.6	89.2	92.4
Net income ¹	33.15	-	17.07	42.14	45.74	52.45	55.65	58.1
Net margin	3.82%	-	-	6.04%	5.77%	6.54%	6.23%	6.08%
EPS ²	0.0826	0.0185	0.0425	0.1049	0.1139	0.1310	0.1395	0.1450
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0440	-	-	0.0320	0.0570	0.0645	0.0685	0.0725
Announcement Date	2/26/20	3/29/21	2/23/22	2/28/23	2/26/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	213	85.1	224	255
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.73%	-	11.3%	11.4%	12.3%	12.4%	12.1%
ROA (Net income/ Total Assets)	4.71%	-	6.37%	6.85%	7.5%	7.5%	7%
Assets ¹	703.9	-	661.4	667.2	699.3	742	830
Book Value Per Share ²	0.8700	-	0.9700	1.030	1.100	1.180	1.260
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	8.6	12.1	24	20.8	20.4
Capex / Sales	-	-	1.23%	1.52%	2.99%	2.32%	2.13%
Announcement Date	2/26/20	2/23/22	2/28/23	2/26/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.34 MYR

Average target price

1.48 MYR

Spread / Average Target

+10.45%

	1st Jan change	Capi.
DELEUM	+40.31%	114M
SCHLUMBERGER LIMITED	-8.76%	67.86B
BAKER HUGHES COMPANY	+0.67%	34.34B
HALLIBURTON COMPANY	-5.01%	30.4B
TECHNIPFMC PLC	+26.91%	11.02B
WEATHERFORD INTERNATIONAL PLC	+22.93%	8.8B
NOV INC.	-8.38%	7.35B
CHAMPIONX CORPORATION	+14.14%	6.35B
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED	+39.30%	5.56B
TIDEWATER INC.	+32.09%	5.03B