Financials PETRONAS Chemicals Group

Equities

PCHEM

MYL5183OO008

Commodity Chemicals

End-of-day quote BURSA MALAYSIA 18:00:00 2024-06-20 EDT 5-day change 1st Jan Change
6.46 MYR -0.92% Intraday chart for PETRONAS Chemicals Group -1.52% -9.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,800 59,440 71,360 68,800 57,280 51,680 - -
Enterprise Value (EV) 1 49,335 49,913 58,820 64,443 53,144 43,794 42,403 40,434
P/E ratio 21 x 37.2 x 9.7 x 10.9 x 34.1 x 22.1 x 17.2 x 16.6 x
Yield 2.45% 1.62% 5.16% 4.77% 1.82% 2.71% 3.39% 3.64%
Capitalization / Revenue 3.59 x 4.14 x 3.1 x 2.38 x 2 x 1.72 x 1.57 x 1.53 x
EV / Revenue 3.01 x 3.48 x 2.55 x 2.23 x 1.85 x 1.46 x 1.29 x 1.19 x
EV / EBITDA 11.1 x 14.2 x 7.1 x 7.97 x 14 x 8.85 x 7.47 x 6.88 x
EV / FCF 15.5 x 32.4 x 8.85 x 10.4 x 19.2 x 12 x 10.8 x 9.9 x
FCF Yield 6.47% 3.08% 11.3% 9.57% 5.21% 8.36% 9.25% 10.1%
Price to Book 1.96 x 1.95 x 2.04 x 1.76 x 1.42 x 1.25 x 1.21 x 1.17 x
Nbr of stocks (in thousands) 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 - -
Reference price 2 7.350 7.430 8.920 8.600 7.160 6.460 6.460 6.460
Announcement Date 2/26/20 2/23/21 2/24/22 2/23/23 2/26/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,370 14,362 23,025 28,953 28,667 30,099 32,903 33,861
EBITDA 1 4,448 3,523 8,287 8,090 3,796 4,946 5,679 5,876
EBIT 1 3,240 2,200 7,010 6,634 2,156 2,712 3,324 3,419
Operating Margin 19.79% 15.32% 30.45% 22.91% 7.52% 9.01% 10.1% 10.1%
Earnings before Tax (EBT) 1 3,155 1,857 7,710 6,733 2,110 2,945 3,525 3,815
Net income 1 2,811 1,628 7,345 6,327 1,696 2,579 3,064 3,249
Net margin 17.17% 11.34% 31.9% 21.85% 5.92% 8.57% 9.31% 9.59%
EPS 2 0.3500 0.2000 0.9200 0.7900 0.2100 0.2919 0.3751 0.3892
Free Cash Flow 1 3,193 1,539 6,647 6,168 2,767 3,662 3,923 4,086
FCF margin 19.51% 10.72% 28.87% 21.3% 9.65% 12.17% 11.92% 12.07%
FCF Conversion (EBITDA) 71.79% 43.68% 80.21% 76.24% 72.89% 74.04% 69.08% 69.53%
FCF Conversion (Net income) 113.59% 94.53% 90.5% 97.49% 163.15% 142.03% 128.04% 125.76%
Dividend per Share 2 0.1800 0.1200 0.4600 0.4100 0.1300 0.1751 0.2191 0.2352
Announcement Date 2/26/20 2/23/21 2/24/22 2/23/23 2/26/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - 6,976 6,634 6,583 - 7,032 8,704 - 7,113 - 6,784 7,213 7,499 7,682 7,682 7,682 - -
EBITDA 1,459 3,849 2,325 - 1,968 4,390 1,960 - 1,083 1,058 2,141 1,000 - 1,160 - - - - -
EBIT 1 - - 1,970 2,097 1,876 - - 620 - 702 - 606 256 847 688.6 688.6 688.6 - -
Operating Margin - - 28.24% 31.61% 28.5% - - 7.12% - 9.87% - 8.93% 3.55% 11.29% 8.96% 8.96% 8.96% - -
Earnings before Tax (EBT) - - - - - - - - - - - - 240 805 - - - - -
Net income - - 2,060 2,076 1,869 - 1,895 - 532 628 1,160 424 112 668 - - - - -
Net margin - - 29.53% 31.29% 28.39% - 26.95% - - 8.83% - 6.25% 1.55% 8.91% - - - - -
EPS - - 0.2600 0.2600 0.2300 - 0.2400 - 0.0700 - - - 0.0100 - - - - - -
Dividend per Share 2 - - 0.2300 - 0.2500 - - 0.2400 - - - - 0.0500 - - - 0.1788 - -
Announcement Date 8/19/20 8/25/21 2/24/22 5/27/22 8/22/22 8/22/22 11/25/22 2/23/23 5/29/23 8/22/23 8/22/23 11/28/23 2/26/24 5/29/24 - - - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 9,465 9,527 12,540 4,357 4,136 7,886 9,277 11,246
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3,193 1,539 6,647 6,168 2,767 3,663 3,923 4,086
ROE (net income / shareholders' equity) 9.45% 5.39% 22.4% 17.1% 4.4% 6.52% 7.52% 7.77%
ROA (Net income/ Total Assets) 7.38% 4.14% 17% 12.4% 3.03% 4.61% 5.12% 5.63%
Assets 1 38,114 39,346 43,219 50,942 56,034 55,900 59,825 57,723
Book Value Per Share 2 3.740 3.810 4.380 4.890 5.050 5.180 5.360 5.540
Cash Flow per Share 2 0.6900 0.3800 1.020 1.010 0.6400 0.5400 0.6700 0.7000
Capex 1 2,351 1,476 1,538 1,881 2,352 1,605 1,771 1,721
Capex / Sales 14.36% 10.28% 6.68% 6.5% 8.2% 5.33% 5.38% 5.08%
Announcement Date 2/26/20 2/23/21 2/24/22 2/23/23 2/26/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
18
Last Close Price
6.46 MYR
Average target price
6.362 MYR
Spread / Average Target
-1.52%
Consensus
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