Financials Globetronics Technology Bhd.

Equities

GTRONIC

MYL7022OO006

Semiconductors

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-02 EDT			5-day change	1st Jan Change
1.32 ^MYR	+0.76%		+5.60%	-18.52%

04-05	Globetronics Technology Bhd Appoints Chiew Jong Wei as Independent and Non Executive Chairman of Audit Committee	CI
04-05	Globetronics Technology Bhd. Appoints Tan Teik Hsiung as Independent and Non Executive Member of Audit Committee	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,560	1,808	1,111	776.6	1,091	891.1	-	-
Enterprise Value (EV) ¹	1,418	1,644	916.2	575.1	880.6	703.6	711.5	713.1
P/E ratio	34.9 x	35.6 x	21 x	17.1 x	41.1 x	23.1 x	21 x	19.2 x
Yield	3.22%	2.78%	4.52%	5.17%	-	2.97%	3.67%	3.77%
Capitalization / Revenue	7.21 x	7.94 x	5.39 x	4.31 x	8.27 x	4.97 x	4.57 x	4.38 x
EV / Revenue	6.55 x	7.22 x	4.45 x	3.19 x	6.68 x	3.92 x	3.65 x	3.5 x
EV / EBITDA	16.6 x	17.5 x	11.3 x	8.13 x	20.2 x	11.3 x	10.1 x	8.83 x
EV / FCF	15.1 x	24.2 x	12.1 x	12.1 x	41.1 x	50.3 x	24.5 x	16.2 x
FCF Yield	6.63%	4.13%	8.24%	8.26%	2.44%	1.99%	4.08%	6.17%
Price to Book	5.3 x	6.14 x	3.69 x	2.58 x	3.52 x	2.79 x	2.7 x	2.7 x
Nbr of stocks (in thousands)	669,445	669,445	669,445	669,445	673,262	675,061	-	-
Reference price ²	2.330	2.700	1.660	1.160	1.620	1.320	1.320	1.320
Announcement Date	20-02-24	21-02-24	22-02-22	23-02-21	24-02-20	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	216.3	227.5	206	180.1	131.8	179.4	194.9	203.6
EBITDA ¹	85.57	93.94	80.96	70.73	43.5	62.43	70.73	80.72
EBIT ¹	47.47	53.2	53.71	49.28	29.38	43.58	48.95	53.17
Operating Margin	21.95%	23.38%	26.07%	27.37%	22.29%	24.29%	25.11%	26.11%
Earnings before Tax (EBT) ¹	46.04	53.25	55.47	51.27	33.9	45.94	50.95	55.11
Net income ¹	44.71	50.8	52.95	45.46	26.42	38.01	42.44	45.69
Net margin	20.67%	22.33%	25.7%	25.25%	20.04%	21.18%	21.77%	22.43%
EPS ²	0.0668	0.0759	0.0791	0.0679	0.0394	0.0572	0.0629	0.0687
Free Cash Flow ¹	93.98	67.9	75.53	47.48	21.45	14	29	44
FCF margin	43.45%	29.84%	36.66%	26.37%	16.27%	7.8%	14.88%	21.61%
FCF Conversion (EBITDA)	109.82%	72.29%	93.3%	67.14%	49.3%	22.43%	41%	54.51%
FCF Conversion (Net income)	210.18%	133.65%	142.64%	104.45%	81.19%	36.83%	68.34%	96.31%
Dividend per Share ²	0.0750	0.0750	0.0750	0.0600	-	0.0392	0.0484	0.0498
Announcement Date	20-02-24	21-02-24	22-02-22	23-02-21	24-02-20	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2	2023 Q3
Net sales ¹	-	34.63
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	7.078	-
Net margin	-	-
EPS	0.0106	-
Dividend per Share	-	-
Announcement Date	23-07-25	23-10-24

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	142	164	195	201	210	187	180	178
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	94	67.9	75.5	47.5	21.4	14	29	44
ROE (net income / shareholders' equity)	15%	17.5%	17.7%	15.1%	8.68%	12.6%	13.9%	14.7%
ROA (Net income/ Total Assets)	12.5%	15.1%	15.8%	13.7%	7.97%	11%	11.8%	12.6%
Assets ¹	357.1	335.7	334.3	330.9	331.4	345.6	358.6	362.6
Book Value Per Share ²	0.4400	0.4400	0.4500	0.4500	0.4600	0.4700	0.4900	0.4900
Cash Flow per Share ²	0.1600	0.1300	0.1300	0.0900	0.0800	0.0800	0.1000	0.1100
Capex ¹	12	20.6	10.1	10.6	30.1	43.8	37.4	32
Capex / Sales	5.54%	9.07%	4.9%	5.91%	22.87%	24.43%	19.16%	15.7%
Announcement Date	20-02-24	21-02-24	22-02-22	23-02-21	24-02-20	-	-	-

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Globetronics Technology Bhd.

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.32 MYR

Average target price

1.265 MYR

Spread / Average Target

-4.17%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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