NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED

Financials Nanofilm Technologies International Limited

Equities

MZH

SGXE61652363

Specialty Chemicals

Market Closed - Singapore S.E. Other stock markets 05:15:25 2024-05-14 EDT			5-day change	1st Jan Change
0.74 ^SGD	+4.96%		+6.47%	-19.13%

05-06	Nanofilm Technologies Expects to Improve Profitability in Succeeding Quarters	MT
04-26	Nanofilm Technologies International Limited Declares Final Tax-Exempt One Tier Dividend for the Financial Year Ended 31 December 2023	CI

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,897	2,520	913.8	592.1	481.7	-	-
Enterprise Value (EV) ¹	2,712	2,418	792.3	465	400.7	395.6	388.1
P/E ratio	41.8 x	40.8 x	20.9 x	191 x	21.6 x	14.8 x	11.9 x
Yield	-	0.52%	1.58%	-	1.17%	2.26%	1.46%
Capitalization / Revenue	13.3 x	10.2 x	3.85 x	3.34 x	2.36 x	1.96 x	1.74 x
EV / Revenue	12.4 x	9.8 x	3.34 x	2.63 x	1.96 x	1.61 x	1.4 x
EV / EBITDA	28 x	25.3 x	9.84 x	11.8 x	6.81 x	5.17 x	4.66 x
EV / FCF	-131 x	-76.4 x	36.6 x	-46.4 x	22 x	22.1 x	14.8 x
FCF Yield	-0.76%	-1.31%	2.73%	-2.16%	4.55%	4.52%	6.76%
Price to Book	6.72 x	5.87 x	2.18 x	1.56 x	1.22 x	1.16 x	1.09 x
Nbr of stocks (in thousands)	658,400	659,688	657,398	647,056	651,012	-	-
Reference price ²	4.400	3.820	1.390	0.9150	0.7400	0.7400	0.7400
Announcement Date	2/26/21	2/23/22	2/21/23	2/26/24	-	-	-

¹SGD in Million²SGD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	218.3	246.7	237.4	177	204.4	245.8	276.9
EBITDA ¹	-	96.94	95.73	80.5	39.4	58.82	76.57	83.31
EBIT ¹	-	77.41	69.89	49.62	4.946	24.26	37.89	45.38
Operating Margin	-	35.45%	28.33%	20.9%	2.79%	11.87%	15.41%	16.39%
Earnings before Tax (EBT) ¹	-	70.28	69.86	46.12	3.143	24.93	37.29	44.95
Net income ¹	35.76	57.62	62.2	43.81	3.135	21.9	32.65	40
Net margin	-	26.39%	25.21%	18.45%	1.77%	10.71%	13.28%	14.44%
EPS ²	0.0652	0.1053	0.0937	0.0664	0.004800	0.0342	0.0500	0.0620
Free Cash Flow ¹	-	-20.62	-31.67	21.64	-10.02	18.22	17.9	26.25
FCF margin	-	-9.45%	-12.84%	9.12%	-5.66%	8.91%	7.28%	9.48%
FCF Conversion (EBITDA)	-	-	-	26.89%	-	30.97%	23.37%	31.51%
FCF Conversion (Net income)	-	-	-	49.41%	-	83.17%	54.81%	65.63%
Dividend per Share ²	-	-	0.0200	0.0220	-	0.008640	0.0168	0.0108
Announcement Date	10/16/20	2/26/21	2/23/22	2/21/23	2/26/24	-	-	-

¹SGD in Million²SGD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 S1	2021 S2	2023 S1
Net sales ¹	96.63	-	73.15
EBITDA	-	-	-
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income ¹	-	44.32	-7.649
Net margin	-	-	-10.46%
EPS	0.0268	-	-
Dividend per Share	-	-	-
Announcement Date	8/13/21	2/23/22	8/10/23

¹SGD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	185	102	121	127	81.1	86.1	93.7
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-20.6	-31.7	21.6	-10	18.2	17.9	26.3
ROE (net income / shareholders' equity)	-	20.9%	14.5%	10.3%	0.79%	5.58%	7.93%	9.02%
ROA (Net income/ Total Assets)	-	14.7%	10.4%	6.94%	0.51%	3.35%	4.81%	5.56%
Assets ¹	-	391.4	596.9	631.4	619.7	653.9	679.5	719.9
Book Value Per Share ²	-	0.6500	0.6500	0.6400	0.5900	0.6100	0.6400	0.6800
Cash Flow per Share ²	-	0.1100	0.1100	0.1100	0.0600	0.0800	0.0900	0.1000
Capex ¹	-	79.6	105	50.8	49.1	44.3	44.8	46.7
Capex / Sales	-	36.48%	42.51%	21.39%	27.72%	21.67%	18.24%	16.88%
Announcement Date	10/16/20	2/26/21	2/23/22	2/21/23	2/26/24	-	-	-

¹SGD in Million²SGD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nanofilm Technologies International Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.705 SGD

Average target price

0.6762 SGD

Spread / Average Target

-4.09%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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