FARLIM GROUP (MALAYSIA) BHD.

Financials Farlim Group (Malaysia) Bhd.

Equities

FARLIM

MYL6041OO007

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-14 EDT			5-day change	1st Jan Change
0.235 ^MYR	0.00%		0.00%	+6.82%

03-12	Farlim Group Bhd. completed the acquisition of 35% stake in Entity Consolidated Sdn. Bhd from Tan Sri Dato' Seri Lim Gait Tong, Puan Sri Datin Seri Chin Chew Lin, Lim Chu Dick and Joanne Lim for MYR 5.6 million	CI
02-28	Farlim Group Bhd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Capitalization ¹	63.15	54.85	45.14	38.26	35.96	33.67
Enterprise Value (EV) ¹	-20.81	-19.47	-8.659	-10.77	-19.94	-0.1003
P/E ratio	-91.5 x	-8.41 x	-8.94 x	-1.99 x	-6.32 x	-4.92 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	6.23 x	5.06 x	1.6 x	1.54 x	2.14 x	2.19 x
EV / Revenue	-2.05 x	-1.8 x	-0.31 x	-0.43 x	-1.19 x	-0.01 x
EV / EBITDA	-195 x	3.3 x	1.9 x	0.58 x	1.94 x	0.02 x
EV / FCF	1.52 x	1.55 x	1.32 x	-5.15 x	-5.03 x	0.01 x
FCF Yield	65.8%	64.6%	75.8%	-19.4%	-19.9%	18,669%
Price to Book	0.37 x	0.32 x	0.29 x	0.28 x	0.28 x	0.27 x
Nbr of stocks (in thousands)	168,391	163,732	153,026	153,026	153,026	153,026
Reference price ²	0.3750	0.3350	0.2950	0.2500	0.2350	0.2200
Announcement Date	19-04-26	20-06-29	21-04-27	22-04-29	23-04-26	24-04-25

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net sales ¹	10.13	10.84	28.24	24.91	16.79	15.38
EBITDA ¹	0.1066	-5.891	-4.555	-18.62	-10.3	-6.384
EBIT ¹	-0.7518	-6.609	-5.043	-19.18	-10.81	-6.842
Operating Margin	-7.42%	-60.98%	-17.86%	-77.02%	-64.38%	-44.49%
Earnings before Tax (EBT) ¹	-0.7295	-6.522	-4.987	-19.14	-10.74	-6.74
Net income ¹	-0.6873	-6.648	-5.053	-19.18	-5.692	-6.836
Net margin	-6.78%	-61.34%	-17.89%	-77.02%	-33.9%	-44.46%
EPS ²	-0.004099	-0.0398	-0.0330	-0.1254	-0.0372	-0.0447
Free Cash Flow ¹	-13.69	-12.57	-6.565	2.09	3.963	-18.72
FCF margin	-135.14%	-115.96%	-23.25%	8.39%	23.61%	-121.74%
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	19-04-26	20-06-29	21-04-27	22-04-29	23-04-26	24-04-25

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2018	2019	2020	2021	2022	2023
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	84	74.3	53.8	49	55.9	33.8
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-13.7	-12.6	-6.56	2.09	3.96	-18.7
ROE (net income / shareholders' equity)	-0.43%	-3.95%	-3.16%	-13.1%	-8.05%	-5.34%
ROA (Net income/ Total Assets)	-0.25%	-2.31%	-1.85%	-7.58%	-4.49%	-2.86%
Assets ¹	271.3	287.7	273.2	253.2	126.8	238.8
Book Value Per Share ²	1.020	1.030	1.020	0.8900	0.8500	0.8100
Cash Flow per Share ²	0.0100	0.0600	0.0400	0.0400	0.0500	0.0300
Capex ¹	0.05	0.04	0.08	0.08	0.06	0.23
Capex / Sales	0.51%	0.36%	0.3%	0.32%	0.39%	1.52%
Announcement Date	19-04-26	20-06-29	21-04-27	22-04-29	23-04-26	24-04-25

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
FARLIM GROUP (MALAYSIA) BHD.	+6.82%	7.64M
CHINA RESOURCES LAND LIMITED	+13.93%	28.12B
SUN HUNG KAI PROPERTIES LIMITED	-5.68%	27.28B
MITSUI FUDOSAN CO., LTD.	+25.10%	26.12B
DLF LIMITED	+15.85%	24.49B
MITSUBISHI ESTATE CO., LTD.	+41.95%	22.83B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+14.97%	21.19B
EMAAR PROPERTIES	-3.03%	18.99B
POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.	+2.83%	16.22B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+24.15%	15.9B

Other Real Estate Development & Operations

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FARLIM Stock
Financials Farlim Group (Malaysia) Bhd.

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