Projected Income Statement: IGB

Forecast Balance Sheet: IGB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 2/25/22 2/22/23 2/29/24 2/26/25 2/27/26 - - -
Estimates

Cash Flow Forecast: IGB

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 97.09 27.68 28.95 70.12 112.6 119.1
Change - -71.49% 4.6% 142.19% 60.56% 5.79%
Free Cash Flow (FCF) 1 154.4 143.9 199.4 540.8 431.3 539.4
Change - -6.81% 38.6% 171.25% -20.25% 25.08%
Announcement Date 4/12/21 4/29/22 4/27/23 4/29/24 4/28/25 4/30/26
1MYR in Million
Estimates

Forecast Financial Ratios: IGB

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - - - - - - - - -
EBIT Margin (%) - 50.51% 37.04% 45.77% - 45.39% 62.38% 39.59% 40.12%
EBT Margin (%) - 37.78% 32.61% - - 40.41% 61.26% 39.64% 39.44%
Net margin (%) - 17.4% 12.32% - - 18.88% 35.67% 18.92% 18.62%
FCF margin (%) - - - - - - - - -
FCF / Net Income (%) - - - - - - - - -

Profitability

         
ROA - 1.83% 1.76% 3.54% - 4.05% 7.6% 4.1% 4.1%
ROE - 4.34% 4.19% 8.02% - 8.39% 13.9% 7.2% 7.1%

Financial Health

         
Leverage (Debt/EBITDA) 7.4x 7.14x 3.98x 2.85x 2.44x 1.67x - - -
Debt / Free cash flow 21.57x 19.81x 13.74x 4.34x 4.95x 3.21x - - -

Capital Intensity

         
CAPEX / Current Assets (%) - 27.94% 4.16% - - - - - -
CAPEX / EBITDA (%) - - - - - - - - -
CAPEX / FCF (%) - - - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - 0.0667 0.0444 0.0333 - - 0.08 0.08 0.08
Change - - -33.34% -25% - - - 0% 0%
Book Value Per Share 1 - 1.889 1.855 1.988 - 2.234 2.6 2.8 2.9
Change - - -1.83% 7.2% - - 16.37% 7.69% 3.57%
EPS 1 - 0.0779 0.0784 - 0.2074 0.1813 0.366 0.2 0.206
Change - - 0.63% - - -12.6% 101.91% -45.36% 3%
Nbr of stocks (in thousands) - 2,033,826 2,027,567 2,021,721 1,992,147 1,990,732 1,989,987 1,989,987 1,989,987
Announcement Date - 2/25/22 2/22/23 2/29/24 2/26/25 2/27/26 - - -
1MYR
Estimates
2026 *2027 *
P/E 6.5x 11.9x
PBR 0.92x 0.85x
EV / Sales 2.32x 2.25x
Yield 3.36% 3.36%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
-
Investor
-
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
2.380MYR
Average target price
2.600MYR
Spread / Average Target
+9.24%

Annual profits - Rate of surprise