Financials Jaya Tiasa Holdings

Equities

JTIASA

MYL4383OO005

Forest & Wood Products

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
1.25 ^MYR	-3.10%		-2.34%	+37.36%

04-09	Jaya Tiasa Holdings Berhad Reports Monthly Crop and Logs Production of the Group for the Month of March 2024	CI
03-08	Jaya Tiasa Holdings Berhad Reports Production Results for the Month of February 2024	CI

Valuation

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	469.5	469.5	551.8	614.7	667.9	1,191	-	-
Enterprise Value (EV) ¹	469.5	469.5	551.8	614.7	667.9	1,191	1,191	1,191
P/E ratio	-1.7 x	-6.38 x	17.6 x	4.53 x	4.35 x	6.83 x	9.25 x	11.5 x
Yield	-	-	-	4.41%	4.64%	3.66%	2.68%	2.2%
Capitalization / Revenue	0.74 x	0.67 x	0.76 x	0.79 x	0.79 x	1.36 x	1.61 x	1.66 x
EV / Revenue	0.74 x	0.67 x	0.76 x	0.79 x	0.79 x	1.36 x	1.61 x	1.66 x
EV / EBITDA	11.8 x	1.58 x	1.65 x	1.59 x	2.02 x	2.88 x	3.5 x	4.04 x
EV / FCF	-	-	-	-	-	5.66 x	5.23 x	6.04 x
FCF Yield	-	-	-	-	-	17.7%	19.1%	16.6%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	967,991	967,991	967,991	967,991	967,991	967,991	-	-
Reference price ²	0.4850	0.4850	0.5700	0.6350	0.6900	1.230	1.230	1.230
Announcement Date	19-08-27	20-08-26	21-09-22	22-08-29	23-08-24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Junio	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	637.7	701.9	723.4	780.1	845.2	874	740.2	718.8
EBITDA ¹	39.84	296.3	333.5	386.3	330.7	414	340	294.9
EBIT ¹	-	-	-	-	-	272.8	208.7	172.8
Operating Margin	-	-	-	-	-	31.21%	28.2%	24.04%
Earnings before Tax (EBT) ¹	-198	-132.1	77.08	201	168.8	244.2	180.2	144.3
Net income ¹	-275.7	-73.53	31.4	135.7	153.6	174.6	128.8	103.1
Net margin	-43.22%	-10.48%	4.34%	17.4%	18.18%	19.98%	17.4%	14.34%
EPS ²	-0.2848	-0.0760	0.0324	0.1402	0.1587	0.1800	0.1330	0.1070
Free Cash Flow ¹	-	-	-	-	-	210.5	227.6	197.1
FCF margin	-	-	-	-	-	24.08%	30.75%	27.42%
FCF Conversion (EBITDA)	-	-	-	-	-	50.85%	66.94%	66.84%
FCF Conversion (Net income)	-	-	-	-	-	120.56%	176.71%	191.17%
Dividend per Share ²	-	-	-	0.0280	0.0320	0.0450	0.0330	0.0270
Announcement Date	19-08-27	20-08-26	21-09-22	22-08-29	23-08-24	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni	2024 Q2	2025 Q3
Net sales ¹	333.5	176.4
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	66.88	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	24-02-29	-

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	-	211	228	197
ROE (net income / shareholders' equity)	-	-6.46%	5.23%	11.3%	11.6%	12.1%	8.3%	6.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	8.4%	5.9%	4.6%
Assets ¹	-	-	-	-	-	2,079	2,183	2,241
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	-	60	60	60
Capex / Sales	-	-	-	-	-	6.86%	8.11%	8.35%
Announcement Date	19-08-27	20-08-26	21-09-22	22-08-29	23-08-24	-	-	-

¹MYR in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Jaya Tiasa Holdings

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.23 MYR

Average target price

1 MYR

Spread / Average Target

-18.70%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Forest & Wood Products

	1st Jan change	Capi.
JAYA TIASA HOLDINGS	+37.36%	254M
GROUP OF COMPANIES SEGEZHA	-.--%	1.36B
CANFOR CORPORATION	-16.30%	1.3B
GREENLAM INDUSTRIES LIMITED	+10.17%	926M
ZHONGFU STRAITS (PINGTAN) DEVELOPMENT COMPANY LIMITED	-21.34%	531M
GUANGXI FENGLIN WOOD INDUSTRY GROUP CO.,LTD	-20.70%	350M
FUJIAN JINSEN FORESTRY CO.,LTD	-33.74%	266M
TAIGA BUILDING PRODUCTS LTD.	+17.54%	263M
ACADIAN TIMBER CORP.	+3.03%	220M
VIET NAM FORESTRY CORPORATION	-10.40%	214M

Other Forest & Wood Products