Financials Malayan Cement

Equities

MCEMENT

MYL3794OO004

Construction Materials

End-of-day quote BURSA MALAYSIA 18:00:00 2024-05-05 EDT 5-day change 1st Jan Change
5.1 MYR -1.35% Intraday chart for Malayan Cement +0.59% +20.57%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,076 2,039 2,711 2,882 4,022 6,711 - -
Enterprise Value (EV) 1 3,076 2,956 3,417 2,882 4,022 6,711 6,711 6,711
P/E ratio -18.3 x -7.77 x 341 x 41.7 x 34.3 x 17.8 x 16.8 x 16.1 x
Yield - - - - - 1.46% 2.09% 1.86%
Capitalization / Revenue 1.6 x 0.85 x 1.98 x 1.07 x 1.07 x 1.58 x 1.52 x 1.44 x
EV / Revenue 1.6 x 0.85 x 1.98 x 1.07 x 1.07 x 1.58 x 1.52 x 1.44 x
EV / EBITDA - 117 x 14.6 x 5.64 x 5.6 x 6.86 x 6.49 x 6.38 x
EV / FCF -28.9 x -135 x 45.2 x 17 x 12.8 x 10.3 x 8.88 x 8.23 x
FCF Yield -3.46% -0.74% 2.21% 5.89% 7.79% 9.72% 11.3% 12.1%
Price to Book 1.29 x 0.89 x 1.07 x 0.5 x 0.68 x 1.04 x 0.99 x 0.91 x
Nbr of stocks (in thousands) 849,695 849,695 934,695 1,310,202 1,310,202 1,315,834 - -
Reference price 2 3.620 2.400 2.900 2.200 3.070 5.100 5.100 5.100
Announcement Date 20-02-20 20-08-28 21-09-08 22-08-25 23-10-31 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,923 2,407 1,370 2,705 3,757 4,257 4,418 4,650
EBITDA 1 - 17.44 185.3 511.4 718.8 978.9 1,034 1,052
EBIT 1 -173.2 -262.7 29.52 233.9 411.5 750.3 803.7 841.9
Operating Margin -9.01% -10.91% 2.16% 8.65% 10.95% 17.62% 18.19% 18.11%
Earnings before Tax (EBT) 1 -200.5 -318.9 8.202 129.2 253.1 576 620.8 673
Net income 1 -168.1 -262.9 7.31 83.54 159 397 426 458.5
Net margin -8.74% -10.92% 0.53% 3.09% 4.23% 9.32% 9.64% 9.86%
EPS 2 -0.1980 -0.3090 0.008500 0.0527 0.0895 0.2858 0.3030 0.3162
Free Cash Flow 1 -106.4 -15.12 59.95 169.7 313.4 652 756 815
FCF margin -5.53% -0.63% 4.38% 6.27% 8.34% 15.32% 17.11% 17.53%
FCF Conversion (EBITDA) - - 32.35% 33.19% 43.59% 66.61% 73.09% 77.47%
FCF Conversion (Net income) - - 820.05% 203.14% 197.04% 164.24% 177.48% 177.74%
Dividend per Share 2 - - - - - 0.0745 0.1065 0.0950
Announcement Date 20-02-20 20-08-28 21-09-08 22-08-25 23-10-31 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q1 2022 Q2 2023 Q2
Net sales - - -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 -23.75 54.92 15.26
Net margin - - -
EPS 2 -0.0244 0.0309 0.008600
Dividend per Share - - -
Announcement Date 21-11-25 22-02-24 23-02-23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 917 707 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - 52.6 x 3.814 x - - - - -
Free Cash Flow 1 -106 -15.1 59.9 170 313 652 756 815
ROE (net income / shareholders' equity) -6.83% -10.9% 0.3% 2.01% 2.71% 6.59% 6.78% 7.24%
ROA (Net income/ Total Assets) -3.96% -6.46% 0.23% 1.18% 1.47% 5.28% 5.53% 7.5%
Assets 1 4,244 4,067 3,225 7,094 10,828 7,518 7,710 6,114
Book Value Per Share 2 2.800 2.690 2.710 4.410 4.540 4.890 5.160 5.620
Cash Flow per Share - 0.1100 0 - - - - -
Capex 1 - 107 54.8 77 105 97.7 137 100
Capex / Sales - 4.45% 4% 2.85% 2.79% 2.29% 3.1% 2.16%
Announcement Date 20-02-20 20-08-28 21-09-08 22-08-25 23-10-31 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
5.1 MYR
Average target price
5.872 MYR
Spread / Average Target
+15.14%
Consensus

Annual profits - Rate of surprise

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