Financials Genting Malaysia

Equities

GENM

MYL4715OO008

Casinos & Gaming

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
2.6 MYR -0.76% Intraday chart for Genting Malaysia +0.78% -3.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,601 15,207 16,281 15,239 15,246 14,736 - -
Enterprise Value (EV) 1 22,911 22,993 25,428 24,312 23,578 23,100 22,329 21,168
P/E ratio 13.4 x -6.72 x -17.2 x -29.3 x 34.9 x 16 x 13.1 x 12.2 x
Yield 5.78% 5.39% 3.13% 5.58% 5.58% 6.04% 6.4% 6.57%
Capitalization / Revenue 1.79 x 3.36 x 3.92 x 1.77 x 1.5 x 1.36 x 1.31 x 1.26 x
EV / Revenue 2.2 x 5.08 x 6.12 x 2.83 x 2.31 x 2.13 x 1.98 x 1.82 x
EV / EBITDA 8.67 x 65.6 x 35 x 11.5 x 8.96 x 7.41 x 6.74 x 6.4 x
EV / FCF 386 x -14.8 x -64.6 x 15.9 x 14.9 x 10.2 x 9.25 x 8.38 x
FCF Yield 0.26% -6.75% -1.55% 6.3% 6.72% 9.82% 10.8% 11.9%
Price to Book 1.01 x 1.02 x 1.18 x 1.21 x 1.19 x 1.21 x 1.2 x 1.2 x
Nbr of stocks (in thousands) 5,653,649 5,653,236 5,653,194 5,665,207 5,667,742 5,667,742 - -
Reference price 2 3.290 2.690 2.880 2.690 2.690 2.600 2.600 2.600
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 10,407 4,529 4,157 8,603 10,189 10,833 11,257 11,651
EBITDA 1 2,641 350.3 727 2,117 2,632 3,118 3,315 3,309
EBIT 1 1,571 -768.4 -379.3 877.8 1,391 1,837 1,991 2,077
Operating Margin 15.09% -16.97% -9.13% 10.2% 13.65% 16.96% 17.69% 17.83%
Earnings before Tax (EBT) 1 1,489 -2,138 -1,148 -342.2 674.2 1,128 1,399 1,520
Net income 1 1,395 -2,264 -946.8 -520 436.8 859.8 1,041 1,159
Net margin 13.41% -49.99% -22.78% -6.04% 4.29% 7.94% 9.25% 9.94%
EPS 2 0.2464 -0.4005 -0.1675 -0.0918 0.0771 0.1622 0.1983 0.2131
Free Cash Flow 1 59.37 -1,552 -393.8 1,531 1,583 2,269 2,413 2,525
FCF margin 0.57% -34.26% -9.47% 17.8% 15.54% 20.94% 21.43% 21.68%
FCF Conversion (EBITDA) 2.25% - - 72.35% 60.15% 72.77% 72.8% 76.32%
FCF Conversion (Net income) 4.26% - - - 362.5% 263.85% 231.76% 217.98%
Dividend per Share 2 0.1900 0.1450 0.0900 0.1500 0.1500 0.1570 0.1664 0.1708
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 826.3 1,889 1,721 2,176 2,271 2,435 2,283 2,475 2,710 2,722
EBITDA - - - - - - - - - -
EBIT 1 -252.7 447.6 117.8 308 298.7 153.3 284.3 327.5 436.8 531.4
Operating Margin -30.58% 23.69% 6.84% 14.16% 13.15% 6.3% 12.45% 13.24% 16.12% 19.53%
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS - - - - - - -0.004800 - - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/25/21 2/24/22 5/26/22 8/25/22 11/24/22 2/23/23 5/25/23 8/24/23 11/23/23 2/29/24
1MYR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,310 7,786 9,147 9,073 8,332 8,364 7,593 6,431
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.632 x 22.23 x 12.58 x 4.287 x 3.165 x 2.683 x 2.291 x 1.944 x
Free Cash Flow 1 59.4 -1,552 -394 1,531 1,583 2,269 2,413 2,525
ROE (net income / shareholders' equity) 7.6% -13.6% -6.6% -3.94% 3.43% 7.15% 8.67% 8.73%
ROA (Net income/ Total Assets) 4.29% -7.35% -3.23% -1.76% 1.51% 4.31% 4.83% 4.83%
Assets 1 32,515 30,800 29,348 29,520 28,874 19,950 21,562 23,969
Book Value Per Share 2 3.270 2.640 2.440 2.230 2.260 2.150 2.170 2.160
Cash Flow per Share 2 0.4600 -0.0900 0.0800 0.4200 0.4100 0.5000 0.5000 0.5000
Capex 1 2,518 1,071 865 832 739 736 744 703
Capex / Sales 24.19% 23.64% 20.8% 9.67% 7.25% 6.79% 6.61% 6.03%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
2.6 MYR
Average target price
3.216 MYR
Spread / Average Target
+23.70%
Consensus

Quarterly revenue - Rate of surprise

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