Financials Hua Yang

Equities

HUAYANG

MYL5062OO004

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-28 pm EDT 5-day change 1st Jan Change
0.335 MYR -1.47% Intraday chart for Hua Yang +3.08% +19.64%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 174.2 135.5 72.16 121.4 88 101.2
Enterprise Value (EV) 1 599.8 522 359.2 353.9 331.9 320.1
P/E ratio 39.5 x -6.1 x -0.99 x -2.32 x 58.1 x 27.7 x
Yield - - - - - -
Capitalization / Revenue 0.76 x 0.5 x 0.26 x 0.76 x 0.73 x 0.84 x
EV / Revenue 2.6 x 1.92 x 1.28 x 2.22 x 2.76 x 2.67 x
EV / EBITDA 25.1 x 25.2 x 9.55 x -21.2 x 13.5 x 15.8 x
EV / FCF -12.8 x 20.1 x 7.22 x 1.68 x -21.3 x 149 x
FCF Yield -7.79% 4.97% 13.9% 59.6% -4.68% 0.67%
Price to Book 0.3 x 0.24 x 0.15 x 0.28 x 0.2 x 0.23 x
Nbr of stocks (in thousands) 352,000 352,000 352,000 352,000 352,000 440,000
Reference price 2 0.4950 0.3850 0.2050 0.3450 0.2500 0.2300
Announcement Date 7/30/18 7/29/19 8/28/20 8/27/21 7/29/22 7/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 230.7 272.5 279.6 159.6 120.2 120.1
EBITDA 1 23.86 20.68 37.61 -16.72 24.58 20.21
EBIT 1 22.02 17.95 34.64 -19.87 21.42 17.09
Operating Margin 9.55% 6.59% 12.39% -12.45% 17.82% 14.24%
Earnings before Tax (EBT) 1 11.59 -13.81 -64.27 -49.18 7.71 7.846
Net income 1 4.412 -22.23 -73.13 -52.4 1.526 3.224
Net margin 1.91% -8.16% -26.16% -32.84% 1.27% 2.69%
EPS 2 0.0125 -0.0632 -0.2078 -0.1489 0.004300 0.008295
Free Cash Flow 1 -46.75 25.95 49.76 210.8 -15.55 2.149
FCF margin -20.27% 9.52% 17.8% 132.1% -12.94% 1.79%
FCF Conversion (EBITDA) - 125.46% 132.3% - - 10.64%
FCF Conversion (Net income) - - - - - 66.67%
Dividend per Share - - - - - -
Announcement Date 7/30/18 7/29/19 8/28/20 8/27/21 7/29/22 7/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 426 386 287 232 244 219
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 17.83 x 18.69 x 7.632 x -13.9 x 9.923 x 10.83 x
Free Cash Flow 1 -46.7 26 49.8 211 -15.6 2.15
ROE (net income / shareholders' equity) 0.74% -3.82% -13.4% -10.8% 0.31% 0.67%
ROA (Net income/ Total Assets) 1.22% 0.93% 1.91% -1.22% 1.44% 1.21%
Assets 1 361.3 -2,382 -3,827 4,308 105.8 266.3
Book Value Per Share 2 1.680 1.600 1.390 1.250 1.220 1.020
Cash Flow per Share 2 0.0500 0.0500 0.0900 0.1700 0.0300 0.0200
Capex 1 8.81 0.45 1.99 0.39 0.03 0.08
Capex / Sales 3.82% 0.17% 0.71% 0.24% 0.02% 0.06%
Announcement Date 7/30/18 7/29/19 8/28/20 8/27/21 7/29/22 7/28/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise