Financials HPP Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-14 EDT			5-day change	1st Jan Change
0.365 ^MYR	+2.82%		+5.80%	+5.80%

01-24	HPP Holdings Berhad Announces First Interim Single Tier Dividend in Respect of the Financial Year Ending May 31, 2024, Payable on 01 March 2024	CI
01-19	HPP's Profit Plummets in Fiscal Q2	MT

Fiscal Period: May	2021	2022	2023	2024	2025	2026
Capitalization ¹	219.5	184.5	116.5	141.8	-	-
Enterprise Value (EV) ¹	214.2	184.5	116.5	141.8	141.8	141.8
P/E ratio	13 x	22.2 x	12.5 x	45.6 x	20.3 x	9.24 x
Yield	3.54%	-	5%	3.01%	5.02%	5.89%
Capitalization / Revenue	2.06 x	-	1.44 x	1.8 x	1.5 x	1.29 x
EV / Revenue	2.06 x	-	1.44 x	1.8 x	1.5 x	1.29 x
EV / EBITDA	9.15 x	-	6.34 x	7.77 x	6.15 x	5.18 x
EV / FCF	-	-	9.91 x	-22.5 x	34.8 x	22.8 x
FCF Yield	-	-	10.1%	-4.44%	2.87%	4.39%
Price to Book	1.98 x	-	0.97 x	1.15 x	1.12 x	1.01 x
Nbr of stocks (in thousands)	388,430	388,430	388,430	388,430	-	-
Reference price ²	0.5650	0.4750	0.3000	0.3650	0.3650	0.3650
Announcement Date	21-07-22	22-07-22	23-07-21	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: Mei	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	101.2	106.7	-	80.8	78.83	94.81	109.7
EBITDA ¹	-	23.99	-	18.38	18.24	23.04	27.37
EBIT ¹	-	19.87	-	13.75	10.44	15.65	20.84
Operating Margin	-	18.62%	-	17.01%	13.24%	16.5%	19%
Earnings before Tax (EBT) ¹	-	18.97	-	12.85	9.883	15.06	21.48
Net income ¹	-	16.8	8.403	9.306	7.177	11.39	16.25
Net margin	-	15.75%	-	11.52%	9.1%	12.01%	14.81%
EPS ²	0.0212	0.0433	0.0214	0.0240	0.008000	0.0180	0.0395
Free Cash Flow ¹	-	-	-	11.76	-6.3	4.07	6.23
FCF margin	-	-	-	14.56%	-7.99%	4.29%	5.68%
FCF Conversion (EBITDA)	-	-	-	64.02%	-	17.66%	22.76%
FCF Conversion (Net income)	-	-	-	126.4%	-	35.74%	38.34%
Dividend per Share ²	-	0.0200	-	0.0150	0.0110	0.0183	0.0215
Announcement Date	20-12-15	21-07-22	22-07-22	23-07-21	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: May	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	5.23	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	11.8	-6.3	4.07	6.23
ROE (net income / shareholders' equity)	-	18.9%	-	7.85%	5.78%	9.68%	11.5%
ROA (Net income/ Total Assets)	-	13%	-	6.3%	2.07%	3.49%	4.7%
Assets ¹	-	129.2	-	147.7	346.7	326.3	345.7
Book Value Per Share ²	-	0.2800	-	0.3100	0.3200	0.3300	0.3600
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	-	5.1	18.8	6.5	5
Capex / Sales	-	-	-	6.31%	23.78%	6.86%	4.56%
Announcement Date	20-12-15	21-07-22	22-07-22	23-07-21	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.365 MYR

Average target price

0.3767 MYR

Spread / Average Target

+3.20%

	1st Jan change	Capi.
HPP HOLDINGS	+5.80%	30.13M
PACKAGING CORPORATION OF AMERICA	+11.74%	16.23B
INTERNATIONAL PAPER COMPANY	+9.85%	13.79B
WESTROCK COMPANY	+27.36%	13.65B
SMURFIT KAPPA GROUP PLC	+23.61%	12.48B
STORA ENSO OYJ	+9.26%	11.74B
MONDI PLC	-5.81%	8.93B
GRAPHIC PACKAGING HOLDING COMPANY	+13.83%	8.62B
SIG GROUP AG	-0.67%	8.15B
DS SMITH PLC	+19.17%	6.42B