Financials MGB

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-06-20 EDT			5-day change	1st Jan Change
0.825 ^MYR	-1.79%		-4.62%	+23.13%

06-13	Mgb Berhad Declare A Final Single Tier Dividend in Respect of the Financial Year Ended 31 December 2023	CI
05-16	MGB Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	326.1	301	428.9	307.7	396.4	488.1	-	-
Enterprise Value (EV) ¹	326.1	301	428.9	307.7	396.4	488.1	488.1	488.1
P/E ratio	28.5 x	-	14.1 x	20.4 x	8.12 x	8.46 x	7.37 x	6.82 x
Yield	-	-	-	0.96%	-	2.48%	2.73%	2.79%
Capitalization / Revenue	0.43 x	0.53 x	0.72 x	0.5 x	0.41 x	0.36 x	0.32 x	0.31 x
EV / Revenue	0.43 x	0.53 x	0.72 x	0.5 x	0.41 x	0.36 x	0.32 x	0.31 x
EV / EBITDA	7.06 x	6.58 x	7.08 x	6.52 x	4.28 x	4.4 x	3.87 x	3.64 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.84 x	0.64 x	0.86 x	0.61 x	0.71 x	0.82 x	0.75 x	0.69 x
Nbr of stocks (in thousands)	501,653	501,653	591,653	591,653	591,653	591,653	-	-
Reference price ²	0.6500	0.6000	0.7250	0.5200	0.6700	0.8250	0.8250	0.8250
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	754.3	563.3	593.8	612.8	971.8	1,370	1,513	1,560
EBITDA ¹	46.17	45.73	60.57	47.22	92.69	111	126	134
EBIT ¹	30.58	29.84	44.99	31.57	74.24	91.25	105.2	111
Operating Margin	4.05%	5.3%	7.58%	5.15%	7.64%	6.66%	6.95%	7.11%
Earnings before Tax (EBT) ¹	20.88	22.7	40.04	25.61	69.2	86.8	99.1	104.8
Net income ¹	13.42	13.95	27.03	15.1	48.8	59.15	67.6	72
Net margin	1.78%	2.48%	4.55%	2.46%	5.02%	4.32%	4.47%	4.62%
EPS ²	0.0228	-	0.0516	0.0255	0.0825	0.0975	0.1120	0.1210
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	0.005000	-	0.0205	0.0225	0.0230
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	2.98%	3.01%	5.58%	3%	9.2%	9.95%	10.4%	10.4%
ROA (Net income/ Total Assets)	-	-	2.84%	1.63%	4.78%	5.4%	5.7%	5.9%
Assets ¹	-	-	950.7	927.4	1,020	1,095	1,186	1,220
Book Value Per Share ²	0.7800	0.9400	0.8400	0.8600	0.9400	1.010	1.100	1.190
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	9.44	8.97	5.1	2.73	11.1	10	10	9
Capex / Sales	1.25%	1.59%	0.86%	0.45%	1.14%	0.73%	0.66%	0.58%
Announcement Date	2/21/20	2/23/21	2/22/22	4/28/23	2/19/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.825 MYR

Average target price

1.16 MYR

Spread / Average Target

+40.61%

	1st Jan change	Capi.
MGB	+23.13%	104M
VINCI	-10.47%	61.82B
LARSEN & TOUBRO LIMITED	+0.17%	58.11B
QUANTA SERVICES, INC.	+26.97%	40.11B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+13.93%	31.41B
FERROVIAL SE	+9.21%	28.2B
CHINA RAILWAY GROUP LIMITED	+14.61%	20.73B
WSP GLOBAL INC.	+12.58%	19.01B
EMCOR GROUP, INC.	+76.98%	17.92B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+35.06%	17.17B