Financials United Malacca

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-02 EDT			5-day change	1st Jan Change
5.09 ^MYR	+1.60%		+0.79%	+0.59%

04-16	United Malacca Berhad Reports Monthly Production Figures for March 2024	CI
03-26	United Malacca Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024	CI

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,124	923	1,070	1,191	1,129	1,068	-	-
Enterprise Value (EV) ¹	1,124	923	1,070	1,191	1,129	1,068	1,068	1,068
P/E ratio	-26.9 x	58.5 x	81.1 x	11.3 x	18.7 x	19.1 x	15.5 x	14.9 x
Yield	1.49%	1.82%	1.96%	2.64%	2.23%	2.16%	2.55%	2.95%
Capitalization / Revenue	5.52 x	3.14 x	2.69 x	2.15 x	1.87 x	1.93 x	1.82 x	1.84 x
EV / Revenue	5.52 x	3.14 x	2.69 x	2.15 x	1.87 x	1.93 x	1.82 x	1.84 x
EV / EBITDA	88 x	13 x	13.6 x	5.65 x	7.45 x	8.72 x	8.16 x	8.32 x
EV / FCF	-11,531,779 x	-31,308,836 x	25,631,254 x	9,228,337 x	-	-	-	-
FCF Yield	-0%	-0%	0%	0%	-	-	-	-
Price to Book	0.75 x	0.7 x	0.82 x	0.85 x	-	-	-	-
Nbr of stocks (in thousands)	209,691	209,769	209,769	209,769	209,769	209,769	-	-
Reference price ²	5.360	4.400	5.100	5.680	5.380	5.090	5.090	5.090
Announcement Date	19-06-26	20-06-23	21-06-24	22-06-28	23-06-28	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	203.7	294	398.1	554	604.5	554.5	586.4	578.9
EBITDA ¹	12.77	70.78	78.59	210.8	151.4	122.4	130.9	128.4
EBIT ¹	-41.56	19.47	31.8	147.6	86.98	70.8	103.6	-
Operating Margin	-20.4%	6.62%	7.99%	26.64%	14.39%	12.77%	17.67%	-
Earnings before Tax (EBT) ¹	-48.73	8.433	25.05	141.9	79.46	85.8	100.5	110.3
Net income ¹	-41.76	15.77	13.19	105.9	60.38	51.15	68.6	71.4
Net margin	-20.5%	5.36%	3.31%	19.12%	9.99%	9.22%	11.7%	12.33%
EPS ²	-0.1992	0.0752	0.0629	0.5048	0.2878	0.2670	0.3275	0.3410
Free Cash Flow	-97.46	-29.48	41.74	129.1	-	-	-	-
FCF margin	-47.84%	-10.03%	10.49%	23.31%	-	-	-	-
FCF Conversion (EBITDA)	-	-	53.11%	61.26%	-	-	-	-
FCF Conversion (Net income)	-	-	316.54%	121.92%	-	-	-	-
Dividend per Share ²	0.0800	0.0800	0.1000	0.1500	0.1200	0.1100	0.1300	0.1500
Announcement Date	19-06-26	20-06-23	21-06-24	22-06-28	23-06-28	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-97.5	-29.5	41.7	129	-	-	-	-
ROE (net income / shareholders' equity)	-2.79%	1.2%	1%	8.33%	4.26%	3.9%	9.3%	4.9%
ROA (Net income/ Total Assets)	-2.27%	-	-	6.32%	-	-	-	-
Assets ¹	1,840	-	-	1,677	-	-	-	-
Book Value Per Share	7.180	6.280	6.240	6.670	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	75.2	-	35.4	38	-	-	-	-
Capex / Sales	36.93%	-	8.9%	6.87%	-	-	-	-
Announcement Date	19-06-26	20-06-23	21-06-24	22-06-28	23-06-28	-	-	-

¹MYR in Million

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.09 MYR

Average target price

5.69 MYR

Spread / Average Target

+11.79%

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