Financials SAM Engineering & Equipment (M)

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-30 pm EDT			5-day change	1st Jan Change
5.96 ^MYR	-1.49%		-1.16%	+46.80%

May. 29	SAM Engineering & Equipment (M) Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	CI
Mar. 27	SAM Engineering & Equipment (M) Berhad Appoints Piroon Saengpakdee as Independent and Non Executive Director	CI

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Capitalization ¹	1,053	720.4	2,572	2,448	4,035	-	-
Enterprise Value (EV) ¹	1,129	720.4	2,572	2,448	4,035	4,311	4,296
P/E ratio	13.4 x	9.02 x	34.1 x	27.5 x	41.7 x	32 x	24.8 x
Yield	3.73%	-	-	0.55%	0.49%	0.67%	0.94%
Capitalization / Revenue	1.39 x	-	-	1.69 x	2.71 x	2.23 x	1.89 x
EV / Revenue	1.39 x	-	-	1.69 x	2.71 x	2.23 x	1.89 x
EV / EBITDA	7.85 x	-	-	12.3 x	16.8 x	15.2 x	12.9 x
EV / FCF	-14.7 x	-	-	-9.73 x	-12.1 x	136 x	46.4 x
FCF Yield	-6.8%	-	-	-10.3%	-8.25%	0.74%	2.16%
Price to Book	1.97 x	-	-	3.01 x	2.92 x	2.65 x	2.43 x
Nbr of stocks (in thousands)	540,668	540,668	541,400	541,589	676,987	-	-
Reference price ²	1.948	1.332	4.750	4.520	5.960	5.960	5.960
Announcement Date	5/21/19	6/5/20	5/24/22	5/24/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: März	2019	2020	2022	2023	2024	2025	2026
Net sales ¹	755	-	-	1,445	1,490	1,812	2,130
EBITDA ¹	134.1	-	-	199	240.2	265.5	312.9
EBIT ¹	97.55	-	-	130	161.7	176.2	221.6
Operating Margin	12.92%	-	-	9%	10.85%	9.72%	10.4%
Earnings before Tax (EBT) ¹	94.8	-	-	115	117	163.2	209.9
Net income ¹	78.51	79.82	75.46	88.85	94	126.3	162.4
Net margin	10.4%	-	-	6.15%	6.31%	6.97%	7.62%
EPS ²	0.1452	0.1476	0.1394	0.1641	0.1430	0.1860	0.2403
Free Cash Flow ¹	-71.61	-	-	-251.6	-332.9	29.7	87.05
FCF margin	-9.49%	-	-	-17.41%	-22.35%	1.64%	4.09%
FCF Conversion (EBITDA)	-	-	-	-	-	11.19%	27.82%
FCF Conversion (Net income)	-	-	-	-	-	23.51%	53.6%
Dividend per Share ²	0.0726	-	-	0.0250	0.0293	0.0400	0.0560
Announcement Date	5/21/19	6/5/20	5/24/22	5/24/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2022	2023	2024	2025	2026
Net Debt	75.8	-	-	-	-	276	261
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5654 x	-	-	-	-	1.04 x	0.8347 x
Free Cash Flow ¹	-71.6	-	-	-252	-333	29.7	87.1
ROE (net income / shareholders' equity)	15.6%	-	-	11.8%	8.05%	8.5%	10.2%
ROA (Net income/ Total Assets)	10.7%	-	-	6.31%	5.56%	6.03%	7.19%
Assets ¹	733.1	-	-	1,407	1,691	2,096	2,259
Book Value Per Share ²	0.9900	-	-	1.500	2.040	2.250	2.450
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	103	-	-	219	213	58.3	56.4
Capex / Sales	13.59%	-	-	15.16%	14.3%	3.22%	2.65%
Announcement Date	5/21/19	6/5/20	5/24/22	5/24/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.96 MYR

Average target price

5.74 MYR

Spread / Average Target

-3.69%

	1st Jan change	Capi.
SAM ENGINEERING & EQUIPMENT (M)	+46.80%	857M
ATLAS COPCO AB	+15.70%	88.8B
PARKER-HANNIFIN CORPORATION	+15.37%	68.32B
INGERSOLL RAND INC.	+20.31%	37.54B
XYLEM INC.	+23.31%	34.19B
SANDVIK AB	+5.69%	27.45B
FANUC CORPORATION	+6.08%	26.46B
FORTIVE CORPORATION	+1.10%	26.21B
DOVER CORPORATION	+19.51%	25.26B
TECHTRONIC INDUSTRIES CO. LTD.	+2.85%	22.44B