Financials Tropicana Corporation

Equities

TROP

MYL5401OO004

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1.5 MYR 0.00% Intraday chart for Tropicana Corporation +20.97% +15.38%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,339 1,284 1,366 1,243 1,530 2,518
Enterprise Value (EV) 1 2,214 2,214 3,283 4,357 4,762 5,510
P/E ratio 7.1 x 7.64 x 4.45 x 22.5 x -29.5 x -5.18 x
Yield 2.19% 1.8% 2.97% - - -
Capitalization / Revenue 0.7 x 0.79 x 1.2 x 1.17 x 1.75 x 2.67 x
EV / Revenue 1.16 x 1.35 x 2.89 x 4.1 x 5.44 x 5.85 x
EV / EBITDA 7.74 x 7.37 x 28.8 x 16.2 x 58.7 x -20.9 x
EV / FCF 24 x 6.32 x 2.2 x -9.23 x -62.9 x -10.1 x
FCF Yield 4.17% 15.8% 45.6% -10.8% -1.59% -9.92%
Price to Book 0.41 x 0.38 x 0.37 x 0.34 x 0.42 x 0.66 x
Nbr of stocks (in thousands) 1,463,383 1,442,650 1,460,471 1,462,047 1,443,081 1,967,261
Reference price 2 0.9150 0.8900 0.9350 0.8500 1.060 1.280
Announcement Date 4/30/18 4/30/19 6/30/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,909 1,635 1,136 1,063 876 942.6
EBITDA 1 286.1 300.6 114.1 268.7 81.13 -263.3
EBIT 1 262.4 276.3 86.95 240.4 49.11 -296.3
Operating Margin 13.75% 16.9% 7.65% 22.63% 5.61% -31.44%
Earnings before Tax (EBT) 1 288.8 320.2 367.5 238.4 -35.98 -472.4
Net income 1 187.5 170 325.4 108.7 -29.54 -393.4
Net margin 9.82% 10.4% 28.65% 10.23% -3.37% -41.74%
EPS 2 0.1289 0.1165 0.2099 0.0378 -0.0360 -0.2473
Free Cash Flow 1 92.42 350.4 1,495 -472 -75.68 -546.5
FCF margin 4.84% 21.42% 131.66% -44.42% -8.64% -57.98%
FCF Conversion (EBITDA) 32.3% 116.56% 1,310.49% - - -
FCF Conversion (Net income) 49.3% 206.06% 459.55% - - -
Dividend per Share 2 0.0200 0.0160 0.0278 - - -
Announcement Date 4/30/18 4/30/19 6/30/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 875 931 1,917 3,115 3,232 2,992
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.059 x 3.096 x 16.8 x 11.59 x 39.84 x -11.36 x
Free Cash Flow 1 92.4 350 1,495 -472 -75.7 -547
ROE (net income / shareholders' equity) 5.6% 4.86% 7.17% 2.57% -0.51% -7%
ROA (Net income/ Total Assets) 2.2% 2.22% 0.56% 1.3% 0.25% -1.51%
Assets 1 8,505 7,661 58,049 8,349 -11,597 26,106
Book Value Per Share 2 2.260 2.360 2.510 2.530 2.520 1.930
Cash Flow per Share 2 0.6400 0.6800 0.5200 0.4300 0.4400 0.3300
Capex 1 126 96.3 49.6 40.7 14 84.5
Capex / Sales 6.61% 5.89% 4.37% 3.83% 1.6% 8.97%
Announcement Date 4/30/18 4/30/19 6/30/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates
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