Financials Leong Hup International

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-06-27 EDT			5-day change	1st Jan Change
0.62 ^MYR	+2.48%		+2.48%	+9.73%

05-30	Leong Hup International Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
05-30	Leong Hup International Berhad Announces Property, Plant and Equipment Written Off for the Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,212	2,500	1,916	1,807	2,062	2,263	-	-
Enterprise Value (EV) ¹	4,948	4,538	4,449	4,177	4,000	4,563	4,264	4,270
P/E ratio	20.8 x	22.1 x	22.4 x	8.25 x	6.83 x	8.12 x	7.47 x	7.01 x
Yield	1.82%	0.8%	-	-	5.31%	3.47%	3.74%	4.39%
Capitalization / Revenue	0.53 x	0.41 x	0.27 x	0.2 x	0.22 x	0.24 x	0.23 x	0.22 x
EV / Revenue	0.82 x	0.75 x	0.62 x	0.46 x	0.42 x	0.48 x	0.43 x	0.42 x
EV / EBITDA	7.61 x	8.37 x	8.3 x	5.46 x	3.83 x	4.92 x	4.42 x	4.24 x
EV / FCF	18.2 x	-74.5 x	-15.2 x	12.3 x	5.18 x	95.9 x	10.7 x	45.5 x
FCF Yield	5.49%	-1.34%	-6.58%	8.12%	19.3%	1.04%	9.3%	2.2%
Price to Book	1.91 x	1.46 x	1.06 x	0.9 x	0.92 x	0.9 x	0.85 x	0.76 x
Nbr of stocks (in thousands)	3,650,000	3,650,000	3,650,000	3,650,000	3,650,000	3,650,000	-	-
Reference price ²	0.8800	0.6850	0.5250	0.4950	0.5650	0.6200	0.6200	0.6200
Announcement Date	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,055	6,041	7,154	9,043	9,540	9,509	9,896	10,223
EBITDA ¹	650.5	542	536.1	765.3	1,043	927.7	964.6	1,006
EBIT ¹	425	282.6	252.3	464	724	612.9	648.9	685.6
Operating Margin	7.02%	4.68%	3.53%	5.13%	7.59%	6.45%	6.56%	6.71%
Earnings before Tax (EBT) ¹	288.8	157.1	140.3	326.6	554.7	466.6	505	538.2
Net income ¹	150.6	113.1	85.4	218.9	301.7	276.8	302.4	322.7
Net margin	2.49%	1.87%	1.19%	2.42%	3.16%	2.91%	3.06%	3.16%
EPS ²	0.0423	0.0310	0.0234	0.0600	0.0827	0.0763	0.0830	0.0885
Free Cash Flow ¹	271.5	-60.95	-292.5	339.4	771.7	47.6	396.7	93.8
FCF margin	4.48%	-1.01%	-4.09%	3.75%	8.09%	0.5%	4.01%	0.92%
FCF Conversion (EBITDA)	41.73%	-	-	44.34%	73.96%	5.13%	41.12%	9.32%
FCF Conversion (Net income)	180.29%	-	-	155.03%	255.75%	17.19%	131.18%	29.07%
Dividend per Share ²	0.0160	0.005500	-	-	0.0300	0.0215	0.0232	0.0272
Announcement Date	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,736	2,038	2,533	2,370	1,938	2,300	2,001	2,007
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.668 x	3.76 x	4.724 x	3.097 x	1.857 x	2.479 x	2.074 x	1.995 x
Free Cash Flow ¹	271	-60.9	-293	339	772	47.6	397	93.8
ROE (net income / shareholders' equity)	10.2%	6.75%	4.86%	11.5%	14.2%	11.6%	11.3%	10.8%
ROA (Net income/ Total Assets)	2.94%	2.04%	1.42%	3.39%	4.6%	3.77%	3.8%	3.87%
Assets ¹	5,122	5,552	6,014	6,461	6,559	7,350	7,958	8,346
Book Value Per Share ²	0.4600	0.4700	0.4900	0.5500	0.6100	0.6900	0.7300	0.8200
Cash Flow per Share	0.1800	0.1200	0.0100	-	-	-	-	-
Capex ¹	404	484	333	286	221	290	290	310
Capex / Sales	6.67%	8.01%	4.65%	3.16%	2.32%	3.05%	2.93%	3.03%
Announcement Date	2/18/20	2/23/21	2/22/22	2/28/23	2/27/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.62 MYR

Average target price

0.7817 MYR

Spread / Average Target

+26.08%