Financials Silverlake Axis Ltd.

Equities

Delayed Singapore S.E. Other stock markets 02:05:17 2024-06-27 EDT			5-day change	1st Jan Change
0.285 ^SGD	0.00%		+1.79%	+1.79%

05-28	Silverlake Axis Ltd Announces Board Changes	CI
05-22	Silverlake Axis Subsidiary Agrees to Buy Cybersecurity Companies Owned by Chairman	MT

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,322	1,871	1,918	3,146	2,643	2,486	-	-
Enterprise Value (EV) ¹	3,954	1,525	1,527	2,582	2,055	1,743	1,569	2,486
P/E ratio	17.6 x	10.3 x	13.2 x	18.3 x	15.6 x	15 x	14 x	14.8 x
Yield	3.33%	3.93%	2.22%	1.76%	2%	2%	2.1%	2.02%
Capitalization / Revenue	6.35 x	2.82 x	3.06 x	4.27 x	3.45 x	3.07 x	2.92 x	2.81 x
EV / Revenue	5.81 x	2.3 x	2.44 x	3.51 x	2.68 x	2.15 x	1.84 x	2.81 x
EV / EBITDA	14.2 x	6.27 x	6.49 x	9.63 x	7.71 x	7.29 x	6.07 x	9.86 x
EV / FCF	12.4 x	7.49 x	7.81 x	9.63 x	30.5 x	11.4 x	9.99 x	4.34 x
FCF Yield	8.1%	13.4%	12.8%	10.4%	3.28%	8.75%	10%	23.1%
Price to Book	7.31 x	2.51 x	1.84 x	3.27 x	2.5 x	2.04 x	1.85 x	1.65 x
Nbr of stocks (in thousands)	2,645,053	2,589,357	2,644,127	2,510,340	2,511,842	2,514,757	-	-
Reference price ²	1.634	0.7224	0.7254	1.253	1.052	0.9885	0.9885	0.9885
Announcement Date	19-08-23	20-08-26	21-08-26	22-08-29	23-08-25	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	680.8	663.7	626.1	736.5	765.9	809.5	852.4	884.3
EBITDA ¹	278.7	243	235.3	268.3	266.5	239.1	258.5	252.1
EBIT ¹	254.7	218.4	198	231.6	227.1	203.1	220.7	218.2
Operating Margin	37.41%	32.9%	31.62%	31.44%	29.65%	25.1%	25.89%	24.67%
Earnings before Tax (EBT) ¹	284.7	212.6	186.7	231.9	229.6	227.1	246.3	221.3
Net income ¹	245.6	184.7	143.1	182.2	169.6	168.8	183	167.5
Net margin	36.08%	27.83%	22.85%	24.73%	22.14%	20.86%	21.47%	18.94%
EPS ²	0.0927	0.0704	0.0549	0.0685	0.0676	0.0660	0.0705	0.0670
Free Cash Flow ¹	320.1	203.7	195.5	268.3	67.45	152.5	157.1	573.4
FCF margin	47.02%	30.69%	31.23%	36.42%	8.81%	18.84%	18.43%	64.84%
FCF Conversion (EBITDA)	114.86%	83.81%	83.1%	99.99%	25.31%	63.78%	60.78%	227.45%
FCF Conversion (Net income)	130.34%	110.28%	136.65%	147.27%	39.77%	90.32%	85.82%	342.33%
Dividend per Share ²	0.0544	0.0284	0.0161	0.0220	0.0210	0.0198	0.0208	0.0200
Announcement Date	19-08-23	20-08-26	21-08-26	22-08-29	23-08-25	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	368	346	391	563	589	743	917	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	320	204	196	268	67.4	153	157	573
ROE (net income / shareholders' equity)	41%	27.6%	15.9%	18.1%	16.2%	13.7%	13.4%	11%
ROA (Net income/ Total Assets)	22.4%	13.9%	10.1%	12.8%	10.9%	10.6%	10.7%	10.7%
Assets ¹	1,095	1,325	1,416	1,428	1,563	1,588	1,711	1,565
Book Value Per Share ²	0.2200	0.2900	0.3900	0.3800	0.4200	0.4800	0.5300	0.6000
Cash Flow per Share	0.1200	0.0800	0.0800	0.1000	0.0300	-	-	-
Capex ¹	5.08	6.12	1.38	2.04	5.17	5	5.1	4.4
Capex / Sales	0.75%	0.92%	0.22%	0.28%	0.67%	0.62%	0.6%	0.5%
Announcement Date	19-08-23	20-08-26	21-08-26	22-08-29	23-08-25	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.9885 MYR

Average target price

1.194 MYR

Spread / Average Target

+20.79%

	1st Jan change	Capi.
SILVERLAKE AXIS LTD.	+1.79%	527M
INTUIT INC.	+1.99%	178B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	+24.84%	41.71B
ADYEN N.V.	-1.92%	37.58B
ROBINHOOD MARKETS, INC.	+75.12%	19.61B
AFFIRM HOLDINGS, INC.	-36.08%	9.71B
FUTU HOLDINGS LIMITED	+23.63%	9.32B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	-29.30%	8.21B
PB FINTECH LIMITED	+69.28%	7.28B
ACI WORLDWIDE, INC.	+24.38%	4.01B