Financials Malaysia Marine and Heavy Engineering Holdings

Equities

MHB

MYL5186OO001

Oil Related Services and Equipment

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.47 MYR 0.00% Intraday chart for Malaysia Marine and Heavy Engineering Holdings 0.00% -2.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,392 720 632 952 768 752 - -
Enterprise Value (EV) 1 909.6 326.1 291.7 490.1 768 752 752 752
P/E ratio -41.4 x -1.81 x -2.34 x 14.2 x -1.58 x 16.3 x 12.8 x 14.8 x
Yield - - - - 3.13% 1.91% 1.91% 1.28%
Capitalization / Revenue 1.38 x 0.46 x 0.43 x 0.58 x 0.23 x 0.25 x 0.23 x 0.27 x
EV / Revenue 1.38 x 0.46 x 0.43 x 0.58 x 0.23 x 0.25 x 0.23 x 0.27 x
EV / EBITDA 40 x -28.5 x -3.84 x 6.76 x -1.96 x 6.18 x 4.93 x 5.74 x
EV / FCF -23,494,456 x -7,663,239 x -10,225,373 x 10,245,478 x - - - -
FCF Yield -0% -0% -0% 0% - - - -
Price to Book 0.59 x 0.37 x 0.37 x 0.54 x 0.61 x 0.56 x 0.55 x 0.53 x
Nbr of stocks (in thousands) 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 - -
Reference price 2 0.8700 0.4500 0.3950 0.5950 0.4800 0.4700 0.4700 0.4700
Announcement Date 2/12/20 2/9/21 2/11/22 2/10/23 2/14/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,010 1,567 1,467 1,652 3,309 3,057 3,203 2,744
EBITDA 1 34.77 -25.23 -164.5 140.8 -391.9 121.6 152.6 131
EBIT 1 -41.11 -100.2 -252.2 60.92 -467.7 59.67 83.67 57.7
Operating Margin -4.07% -6.4% -17.19% 3.69% -14.13% 1.95% 2.61% 2.1%
Earnings before Tax (EBT) 1 -39.76 -401.3 -274.1 46.73 -483.1 56.25 71.35 54.3
Net income 1 -34.22 -396.8 -270.4 67.77 -484.2 47.52 59.72 44.22
Net margin -3.39% -25.33% -18.43% 4.1% -14.63% 1.55% 1.86% 1.61%
EPS 2 -0.0210 -0.2480 -0.1690 0.0420 -0.3030 0.0288 0.0368 0.0317
Free Cash Flow -59.25 -93.96 -61.81 92.92 - - - -
FCF margin -5.87% -6% -4.21% 5.63% - - - -
FCF Conversion (EBITDA) - - - 66% - - - -
FCF Conversion (Net income) - - - 137.1% - - - -
Dividend per Share 2 - - - - 0.0150 0.009000 0.009000 0.006000
Announcement Date 2/12/20 2/9/21 2/11/22 2/10/23 2/14/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 15.94
Net margin -
EPS 2 0.0100
Dividend per Share -
Announcement Date 11/10/22
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 482 394 340 462 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow -59.2 -94 -61.8 92.9 - - - -
ROE (net income / shareholders' equity) -1.43% -4.47% -14.3% 3.9% -31.9% 4% 4.45% 3.07%
ROA (Net income/ Total Assets) -1.07% -3.04% -8% 2.01% -13.8% - - 0.8%
Assets 1 3,199 13,044 3,381 3,374 3,504 - - 5,528
Book Value Per Share 2 1.480 1.230 1.070 1.110 0.7900 0.8400 0.8600 0.8800
Cash Flow per Share - - - - - - - -
Capex 1 180 230 48.1 40.5 82.1 100 117 150
Capex / Sales 17.82% 14.68% 3.28% 2.45% 2.48% 3.27% 3.65% 5.47%
Announcement Date 2/12/20 2/9/21 2/11/22 2/10/23 2/14/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.47 MYR
Average target price
0.64 MYR
Spread / Average Target
+36.17%
Consensus

Annual profits - Rate of surprise

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