Financials TRC Synergy

Equities

TRC

MYL5054OO001

Construction & Engineering

End-of-day quote BURSA MALAYSIA 18:00:00 2024-05-30 EDT 5-day change 1st Jan Change
0.45 MYR +1.12% Intraday chart for TRC Synergy -10.00% +21.62%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 153.2 141.4 174.4 212.1 - -
Enterprise Value (EV) 1 153.2 25.97 -137.3 212.1 212.1 212.1
P/E ratio 7.4 x 6.34 x 6.88 x 12.9 x 11 x 10 x
Yield - 4% - 2.78% 2.89% 3.33%
Capitalization / Revenue - 0.21 x 0.26 x 0.39 x 0.37 x 0.3 x
EV / Revenue - 0.21 x 0.26 x 0.39 x 0.37 x 0.3 x
EV / EBITDA - 3.83 x 4.58 x 8.97 x 6.9 x 6.36 x
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book - 0.3 x 0.32 x 0.41 x 0.38 x 0.38 x
Nbr of stocks (in thousands) 471,289 471,289 471,289 471,289 - -
Reference price 2 0.3250 0.3000 0.3700 0.4500 0.4500 0.4500
Announcement Date 22-04-29 23-02-28 24-02-28 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 677.4 678.7 550.8 581 701.2
EBITDA 1 - 36.88 38.08 23.65 30.75 33.35
EBIT 1 - 22.24 25.58 6.4 14.2 16.6
Operating Margin - 3.28% 3.77% 1.16% 2.44% 2.37%
Earnings before Tax (EBT) 1 - 22.56 32.21 21.45 24.95 26.5
Net income 1 20.7 22.3 53.89 16.9 19.5 21.7
Net margin - 3.29% 7.94% 3.07% 3.36% 3.09%
EPS 2 0.0439 0.0473 0.0538 0.0350 0.0410 0.0450
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - 0.0120 - 0.0125 0.0130 0.0150
Announcement Date 22-04-29 23-02-28 24-02-28 - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - 115 312 - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - - - - - -
ROE (net income / shareholders' equity) - 2% 10.4% 2.3% 3.2% 3.35%
ROA (Net income/ Total Assets) - 4.87% 5.11% 1.1% 1.6% 1.6%
Assets 1 - 457.8 1,054 1,536 1,219 1,356
Book Value Per Share 2 - 0.9900 1.150 1.100 1.200 1.200
Cash Flow per Share 2 - -0.0600 0.4300 -0.0700 0.0400 -
Capex 1 - 1.21 1.71 13.5 13.5 13.5
Capex / Sales - 0.18% 0.25% 2.45% 2.32% 1.93%
Announcement Date 22-04-29 23-02-28 24-02-28 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
2
Last Close Price
0.45 MYR
Average target price
0.53 MYR
Spread / Average Target
+17.78%
Consensus

Annual profits - Rate of surprise

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