Financials Maxim Global

Equities

MAXIM

MYL4022OO009

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.4 MYR 0.00% Intraday chart for Maxim Global -1.23% +6.67%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 161.4 156.7 235 425.9 294.4 238
Enterprise Value (EV) 1 233.2 233 226.4 346.8 281.6 155.8
P/E ratio -4.57 x 26 x 9.39 x -3.53 x 10.5 x 7.17 x
Yield - - - - 4.26% 5.26%
Capitalization / Revenue 1.62 x 0.91 x 0.84 x 1.09 x 0.81 x 0.67 x
EV / Revenue 2.34 x 1.35 x 0.81 x 0.89 x 0.77 x 0.44 x
EV / EBITDA -7.59 x 23.8 x 5.7 x 4.65 x 7.56 x 3.13 x
EV / FCF -6.36 x -2.63 x 2.86 x -2.58 x -3.78 x 7.85 x
FCF Yield -15.7% -38% 34.9% -38.8% -26.5% 12.7%
Price to Book 0.55 x 0.42 x 0.59 x 0.99 x 0.66 x 0.51 x
Nbr of stocks (in thousands) 269,078 391,644 391,644 626,337 626,337 626,337
Reference price 2 0.6000 0.4000 0.6000 0.6800 0.4700 0.3800
Announcement Date 4/30/18 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 99.88 172 279.4 389.9 363.6 352.6
EBITDA 1 -30.74 9.79 39.73 74.61 37.24 49.84
EBIT 1 -33.31 6.951 34.93 70.55 36.57 49.21
Operating Margin -33.35% 4.04% 12.5% 18.09% 10.06% 13.96%
Earnings before Tax (EBT) 1 -33.91 7.075 35.1 -59.22 38.05 48.05
Net income 1 -33.68 5.393 25.02 -82.75 28.14 33.31
Net margin -33.72% 3.14% 8.95% -21.22% 7.74% 9.45%
EPS 2 -0.1312 0.0154 0.0639 -0.1927 0.0448 0.0530
Free Cash Flow 1 -36.68 -88.61 79.11 -134.5 -74.55 19.85
FCF margin -36.72% -51.52% 28.31% -34.49% -20.5% 5.63%
FCF Conversion (EBITDA) - - 199.12% - - 39.83%
FCF Conversion (Net income) - - 316.23% - - 59.6%
Dividend per Share - - - - 0.0200 0.0200
Announcement Date 4/30/18 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 71.8 76.3 - - - -
Net Cash position 1 - - 8.56 79.1 12.8 82.3
Leverage (Debt/EBITDA) -2.335 x 7.798 x - - - -
Free Cash Flow 1 -36.7 -88.6 79.1 -134 -74.6 19.9
ROE (net income / shareholders' equity) -11.3% 1.45% 5.9% -19% 6.26% 7.68%
ROA (Net income/ Total Assets) -3.91% 0.7% 3.44% 5.98% 2.63% 3.75%
Assets 1 860.5 765.6 727 -1,383 1,069 888.7
Book Value Per Share 2 1.090 0.9500 1.010 0.6800 0.7100 0.7400
Cash Flow per Share 2 0.0300 0.0100 0.0700 0.0300 0.2400 0.3700
Capex 1 7.35 4.92 3.47 6.7 0.1 0.77
Capex / Sales 7.35% 2.86% 1.24% 1.72% 0.03% 0.22%
Announcement Date 4/30/18 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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