Financials TASCO

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-02 EDT			5-day change	1st Jan Change
0.85 ^MYR	+2.41%		+3.03%	+11.11%

05-01	Tasco's Profit Drops in Fiscal Q4	MT
04-30	TASCO Berhad Reports Earnings Results for the Full Year Ended March 31, 2024	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	332	152	840	888	676	680	-	-
Enterprise Value (EV) ¹	332	297.2	840	888	676	652	680	680
P/E ratio	-	17.1 x	20.3 x	13.6 x	7.44 x	10.6 x	8.67 x	8.21 x
Yield	1.51%	2.63%	1.9%	2.25%	4.14%	2.88%	3.14%	2.94%
Capitalization / Revenue	0.45 x	0.2 x	0.89 x	0.6 x	0.42 x	0.61 x	0.55 x	0.51 x
EV / Revenue	0.45 x	0.2 x	0.89 x	0.6 x	0.42 x	0.61 x	0.55 x	0.51 x
EV / EBITDA	4.9 x	2.16 x	7.35 x	6.31 x	3.85 x	4.75 x	3.85 x	3.72 x
EV / FCF	-8.33 x	-	-	-	-	18.4 x	16.2 x	14.8 x
FCF Yield	-12%	-	-	-	-	5.44%	6.18%	6.76%
Price to Book	-	0.35 x	1.78 x	1.71 x	1.14 x	1.03 x	0.97 x	0.88 x
Nbr of stocks (in thousands)	800,000	800,000	800,000	800,000	800,000	800,000	-	-
Reference price ²	0.4150	0.1900	1.050	1.110	0.8450	0.8500	0.8500	0.8500
Announcement Date	19-05-29	20-06-18	21-04-27	22-04-28	23-04-27	24-04-30	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	736.8	747.4	946.6	1,481	1,607	1,073	1,248	1,340
EBITDA ¹	67.76	70.25	114.3	140.7	175.4	137.2	176.7	183
EBIT ¹	37.43	39.25	74.79	95.49	128.5	87.33	106.6	121.6
Operating Margin	5.08%	5.25%	7.9%	6.45%	8%	8.14%	8.54%	9.08%
Earnings before Tax (EBT) ¹	-	20.6	60.69	88.15	120.6	73.82	90.45	105.1
Net income ¹	-	8.891	41.27	65.25	90.8	61.74	78.03	89.3
Net margin	-	1.19%	4.36%	4.4%	5.65%	5.76%	6.26%	6.67%
EPS ²	-	0.0111	0.0516	0.0816	0.1135	0.0772	0.0980	0.1035
Free Cash Flow ¹	-39.84	-	-	-	-	37	42	46
FCF margin	-5.41%	-	-	-	-	3.2%	3.37%	3.43%
FCF Conversion (EBITDA)	-	-	-	-	-	24.64%	23.77%	25.14%
FCF Conversion (Net income)	-	-	-	-	-	56.23%	53.82%	51.51%
Dividend per Share ²	0.006250	0.005000	0.0200	0.0250	0.0350	0.0235	0.0267	0.0250
Announcement Date	19-05-29	20-06-18	21-04-27	22-04-28	23-04-27	24-04-30	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	145	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.067 x	-	-	-	-	-	-
Free Cash Flow ¹	-39.8	-	-	-	-	37	42	46
ROE (net income / shareholders' equity)	3.56%	2.2%	9.12%	13.2%	16.3%	10.1%	10.6%	11.6%
ROA (Net income/ Total Assets)	1.63%	0.98%	4.32%	5.59%	-	3.85%	9.6%	12%
Assets ¹	-	904.3	955.2	1,167	-	1,604	812.8	744.2
Book Value Per Share ²	-	0.5400	0.5900	0.6500	0.7400	0.7900	0.8800	0.9700
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	143	8.91	41.1	46.8	94.2	208	97.5	112
Capex / Sales	19.45%	1.19%	4.34%	3.16%	5.86%	19.41%	7.82%	8.35%
Announcement Date	19-05-29	20-06-18	21-04-27	22-04-28	23-04-27	24-04-30	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.85 MYR

Average target price

1.222 MYR

Spread / Average Target

+43.82%

	1st Jan change	Capi.
TASCO	+11.11%	143M
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NIPPON EXPRESS HOLDINGS INC.	+0.04%	4.61B
COMPAGNIE DU CAMBODGE	+4.62%	4.1B
COMPAÑÍA DE DISTRIBUCIÓN INTEGRAL LOGISTA HOLDINGS, S.A.	+4.58%	3.64B
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KAMIGUMI CO., LTD.	+0.86%	2.36B
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