Financials Encorp

Equities

ENCORP

MYL6076OO003

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-01 pm EDT 5-day change 1st Jan Change
0.26 MYR -3.70% Intraday chart for Encorp -1.89% -3.70%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 124.8 94.89 74.33 104.4 69.59 85.4
Enterprise Value (EV) 1 1,043 952.1 894 823.3 698.2 656.5
P/E ratio -54.4 x -2.05 x -19.9 x -9.58 x -3.45 x -9.29 x
Yield - - - - - -
Capitalization / Revenue 0.48 x 0.57 x 0.55 x 0.71 x 0.51 x 0.66 x
EV / Revenue 4.01 x 5.75 x 6.67 x 5.61 x 5.08 x 5.08 x
EV / EBITDA 10.7 x 11.5 x 18.7 x 11.5 x 13.2 x 13.4 x
EV / FCF 13.2 x 26.3 x -3.05 x 418 x 86.2 x -23.7 x
FCF Yield 7.56% 3.8% -32.8% 0.24% 1.16% -4.22%
Price to Book 0.32 x 0.27 x 0.2 x 0.3 x 0.21 x 0.26 x
Nbr of stocks (in thousands) 293,566 306,088 316,299 316,299 316,299 316,299
Reference price 2 0.4250 0.3100 0.2350 0.3300 0.2200 0.2700
Announcement Date 4/30/19 5/22/20 4/2/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 260 165.6 134.1 146.7 137.5 129.2
EBITDA 1 97.62 82.54 47.74 71.86 52.94 49.03
EBIT 1 96.96 82 47.31 71.52 52.59 48.59
Operating Margin 37.3% 49.51% 35.28% 48.75% 38.25% 37.61%
Earnings before Tax (EBT) 1 8.931 -35.1 1.56 1.884 -7.537 -1.083
Net income 1 -2.294 -46.4 -3.643 -10.89 -20.14 -9.188
Net margin -0.88% -28.01% -2.72% -7.42% -14.65% -7.11%
EPS 2 -0.007814 -0.1516 -0.0118 -0.0344 -0.0637 -0.0290
Free Cash Flow 1 78.85 36.23 -293.1 1.968 8.102 -27.72
FCF margin 30.33% 21.87% -218.53% 1.34% 5.89% -21.46%
FCF Conversion (EBITDA) 80.77% 43.89% - 2.74% 15.3% -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/30/19 5/22/20 4/2/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 918 857 820 719 629 571
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 9.407 x 10.39 x 17.17 x 10 x 11.87 x 11.65 x
Free Cash Flow 1 78.8 36.2 -293 1.97 8.1 -27.7
ROE (net income / shareholders' equity) -0.84% -9.26% -1.5% -1.84% -4.21% -2.02%
ROA (Net income/ Total Assets) 2.87% 2.5% 1.74% 3.28% 2.62% 2.61%
Assets 1 -79.94 -1,855 -209.8 -332 -769 -352.7
Book Value Per Share 2 1.340 1.130 1.150 1.120 1.060 1.040
Cash Flow per Share 2 0.2200 0.1500 0.0900 0.1400 0.1100 0.0500
Capex 1 0.02 0.22 0.21 0.08 1.04 1.24
Capex / Sales 0.01% 0.13% 0.16% 0.06% 0.76% 0.96%
Announcement Date 4/30/19 5/22/20 4/2/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA