Financials S & F Capital

Equities

S&FCAP

MYL8745OO001

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-12 EDT			5-day change	1st Jan Change
0.105 ^MYR	+5.00%		+10.53%	-22.22%

02-21	S & F Capital Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI
2023	S & F Capital Berhad Reports Earnings Results for the First Quarter Ended September 30, 2023	CI

Valuation

Fiscal Period: June	2018	2019	2020	2021	2022	2023
Capitalization ¹	75.64	57.94	75.21	74.3	38.53	60.54
Enterprise Value (EV) ¹	101.1	70.2	76.41	66.94	31.44	44.88
P/E ratio	-20.4 x	-2.38 x	-3.9 x	-6.82 x	-16.3 x	25 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	3.35 x	1.46 x	5.04 x	2.77 x	1.68 x	0.74 x
EV / Revenue	4.48 x	1.77 x	5.12 x	2.49 x	1.37 x	0.55 x
EV / EBITDA	-30.7 x	192 x	-4.65 x	-27.9 x	-16 x	18.2 x
EV / FCF	-332 x	3.08 x	3,990 x	25.2 x	64.9 x	2.35 x
FCF Yield	-0.3%	32.5%	0.03%	3.97%	1.54%	42.5%
Price to Book	0.9 x	0.97 x	1.45 x	1.26 x	0.68 x	1.02 x
Nbr of stocks (in thousands)	321,893	321,893	366,893	550,367	550,367	550,367
Reference price ²	0.2350	0.1800	0.2050	0.1350	0.0700	0.1100
Announcement Date	10/31/18	10/31/19	10/27/20	10/29/21	10/28/22	10/31/23

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Giugno	2018	2019	2020	2021	2022	2023
Net sales ¹	22.59	39.68	14.91	26.85	22.98	81.82
EBITDA ¹	-3.296	0.3659	-16.42	-2.4	-1.964	2.47
EBIT ¹	-3.991	-0.5535	-17.14	-2.701	-2.02	2.232
Operating Margin	-17.67%	-1.39%	-114.9%	-10.06%	-8.79%	2.73%
Earnings before Tax (EBT) ¹	-1.886	-16.26	-15.58	-9.021	-1.972	2.513
Net income ¹	-3.712	-24.29	-17.17	-9.142	-2.367	2.449
Net margin	-16.43%	-61.2%	-115.09%	-34.05%	-10.3%	2.99%
EPS ²	-0.0115	-0.0755	-0.0526	-0.0198	-0.004300	0.004400
Free Cash Flow ¹	-0.305	22.82	0.0192	2.656	0.4841	19.09
FCF margin	-1.35%	57.5%	0.13%	9.89%	2.11%	23.33%
FCF Conversion (EBITDA)	-	6,235.64%	-	-	-	772.87%
FCF Conversion (Net income)	-	-	-	-	-	779.41%
Dividend per Share	-	-	-	-	-	-
Announcement Date	10/31/18	10/31/19	10/27/20	10/29/21	10/28/22	10/31/23

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: June	2018	2019	2020	2021	2022	2023
Net Debt ¹	25.5	12.3	1.2	-	-	-
Net Cash position ¹	-	-	-	7.36	7.09	15.7
Leverage (Debt/EBITDA)	-7.735 x	33.52 x	-0.0731 x	-	-	-
Free Cash Flow ¹	-0.3	22.8	0.02	2.66	0.48	19.1
ROE (net income / shareholders' equity)	-3.34%	-26.2%	-29.1%	-20.5%	-4.55%	5.53%
ROA (Net income/ Total Assets)	-1.93%	-0.31%	-12%	-2.42%	-2.28%	1.98%
Assets ¹	192.5	7,963	143.1	378.2	103.7	123.7
Book Value Per Share ²	0.2600	0.1900	0.1400	0.1100	0.1000	0.1100
Cash Flow per Share ²	0.0100	0	0	0.0100	0.0100	0.0300
Capex ¹	5.83	0.37	0.56	0.12	-	0.86
Capex / Sales	25.83%	0.94%	3.75%	0.45%	-	1.05%
Announcement Date	10/31/18	10/31/19	10/27/20	10/29/21	10/28/22	10/31/23

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Real Estate Development & Operations

	1st Jan change	Capi.
S & F CAPITAL	-22.22%	11.61M
CHINA RESOURCES LAND LIMITED	+12.14%	29.29B
MITSUI FUDOSAN CO., LTD.	+29.48%	28.36B
SUN HUNG KAI PROPERTIES LIMITED	-7.64%	25.5B
DLF LIMITED	+15.47%	24.47B
MITSUBISHI ESTATE CO., LTD.	+44.75%	23.83B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+11.05%	21.57B
EMAAR PROPERTIES	+2.90%	19.32B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.56%	16.73B
POLY DEVELOPMENTS AND HOLDINGS GROUP CO., LTD.	-3.64%	15.96B

Other Real Estate Development & Operations

Stock Market
Equities
S&FCAP Stock
Financials S & F Capital

-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.

SIGN UP NOW