Financials Uchi Technologies

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-30 EDT			5-day change	1st Jan Change
3.99 ^MYR	-0.25%		-3.16%	+7.55%

05-24	Uchi Technologies' Profit Drops in Q1	MT
05-24	Uchi Technologies Berhad Approves Final Dividend Single Tier for the Year Ended 31 December 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,248	1,174	1,422	1,491	1,705	1,835	-	-
Enterprise Value (EV) ¹	1,248	1,174	1,422	1,491	1,705	1,835	1,835	1,835
P/E ratio	16.6 x	14 x	15.6 x	12 x	12.6 x	15.3 x	14.6 x	13.7 x
Yield	5.76%	6.54%	6.37%	7.65%	7.95%	5.58%	5.76%	5.77%
Capitalization / Revenue	7.96 x	7.56 x	8.44 x	6.96 x	7.03 x	7.78 x	7.54 x	7.38 x
EV / Revenue	7.96 x	7.56 x	8.44 x	6.96 x	7.03 x	7.78 x	7.54 x	7.38 x
EV / EBITDA	15.2 x	13.6 x	15 x	11.5 x	11 x	13 x	12.6 x	12.5 x
EV / FCF	15 x	13.8 x	14.5 x	13 x	-	14.8 x	12.3 x	11.6 x
FCF Yield	6.68%	7.24%	6.88%	7.69%	-	6.74%	8.15%	8.59%
Price to Book	7.72 x	6.5 x	7.48 x	6.81 x	8.43 x	7.98 x	7.6 x	7.32 x
Nbr of stocks (in thousands)	448,840	451,426	452,820	455,922	459,658	459,986	-	-
Reference price ²	2.780	2.600	3.140	3.270	3.710	3.990	3.990	3.990
Announcement Date	20-02-26	21-02-24	22-02-23	23-02-28	24-02-27	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	156.7	155.3	168.5	214.3	242.5	235.9	243.4	248.6
EBITDA ¹	81.95	86.38	94.69	129.6	154.8	141.6	146.1	147.4
EBIT ¹	75	79.99	88.94	124.4	150.8	142.4	148.8	141.2
Operating Margin	47.87%	51.52%	52.78%	58.06%	62.18%	60.35%	61.13%	56.77%
Earnings before Tax (EBT) ¹	79.04	84.65	92.17	127.9	168.8	140.9	145.8	147.8
Net income ¹	75.95	83.83	91.44	124.9	135.2	118	123.6	131.4
Net margin	48.48%	53.99%	54.26%	58.26%	55.76%	50.03%	50.8%	52.86%
EPS ²	0.1676	0.1854	0.2007	0.2736	0.2942	0.2602	0.2728	0.2917
Free Cash Flow ¹	83.31	85.02	97.76	114.7	-	123.7	149.5	157.7
FCF margin	53.17%	54.76%	58.01%	53.51%	-	52.44%	61.42%	63.43%
FCF Conversion (EBITDA)	101.66%	98.42%	103.24%	88.46%	-	87.37%	102.33%	107.01%
FCF Conversion (Net income)	109.69%	101.42%	106.91%	91.84%	-	104.83%	120.91%	119.98%
Dividend per Share ²	0.1600	0.1700	0.2000	0.2500	0.2950	0.2225	0.2298	0.2303
Announcement Date	20-02-26	21-02-24	22-02-23	23-02-28	24-02-27	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	83.3	85	97.8	115	-	124	150	158
ROE (net income / shareholders' equity)	48.5%	49.1%	49.3%	60.9%	64.3%	55.6%	53.3%	52.5%
ROA (Net income/ Total Assets)	33.8%	34.8%	34.9%	42.8%	48.8%	50.6%	49.4%	47.6%
Assets ¹	224.5	240.9	261.9	291.8	277.1	233.2	250.3	276.1
Book Value Per Share ²	0.3600	0.4000	0.4200	0.4800	0.4400	0.5000	0.5300	0.5500
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.74	0.68	0.51	2.18	2.93	1.5	2.5	3.5
Capex / Sales	0.47%	0.44%	0.3%	1.02%	1.21%	0.64%	1.03%	1.41%
Announcement Date	20-02-26	21-02-24	22-02-23	23-02-28	24-02-27	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

3.99 MYR

Average target price

4 MYR

Spread / Average Target

+0.25%

	1st Jan change	Capi.
UCHI TECHNOLOGIES	+7.55%	391M
KEYENCE CORPORATION	+13.80%	108B
HEXAGON AB	-4.75%	29.57B
BOE TECHNOLOGY GROUP COMPANY LIMITED	+4.62%	20.93B
TELEDYNE TECHNOLOGIES INCORPORATED	-11.06%	18.67B
ZEBRA TECHNOLOGIES CORPORATION	+14.27%	16.28B
KYOCERA CORPORATION	-13.22%	16.03B
FLEX LTD.	+8.77%	13.57B
HALMA PLC	-2.54%	10.8B
SAMSUNG ELECTRO-MECHANICS CO., LTD.	+1.17%	8.44B