WESTPORTS HOLDINGS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.93 MYR | -0.51% |
|
+1.03% | +7.67% |
| Feb. 02 | Westports Handles 10.9 Million TEUs Container Volume in 2023 | MT |
| Feb. 02 | Westports' Profit Drops in Q4 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,356 | 14,663 | 13,810 | 12,958 | 12,446 | 13,401 | - | - |
| Enterprise Value (EV) 1 | 15,122 | 15,250 | 14,493 | 13,562 | 12,848 | 14,249 | 14,873 | 15,706 |
| P/E ratio | 24.3 x | 22.4 x | 17.1 x | 18.5 x | 16 x | 16.6 x | 16 x | 16.3 x |
| Yield | 3.09% | 2.68% | 4.39% | 3.78% | - | 4.53% | 4.63% | 4.71% |
| Capitalization / Revenue | 8.05 x | 7.42 x | 6.83 x | 6.26 x | 5.78 x | 5.68 x | 5.37 x | 5.01 x |
| EV / Revenue | 8.48 x | 7.72 x | 7.17 x | 6.55 x | 5.97 x | 6.04 x | 5.96 x | 5.87 x |
| EV / EBITDA | 14.2 x | 13.2 x | 10.9 x | 11.4 x | 10.1 x | 10.8 x | 10.6 x | 10.1 x |
| EV / FCF | 17.2 x | 21.7 x | 19.9 x | 20.8 x | 16.7 x | 39 x | 51.9 x | 180 x |
| FCF Yield | 5.81% | 4.6% | 5.03% | 4.82% | 5.98% | 2.56% | 1.93% | 0.56% |
| Price to Book | 5.61 x | 5.18 x | 4.42 x | 3.96 x | 3.54 x | 3.65 x | 3.42 x | 3.19 x |
| Nbr of stocks (in thousands) | 3,410,000 | 3,410,000 | 3,410,000 | 3,410,000 | 3,410,000 | 3,410,000 | - | - |
| Reference price 2 | 4.210 | 4.300 | 4.050 | 3.800 | 3.650 | 3.930 | 3.930 | 3.930 |
| Announcement Date | 2/7/20 | 2/2/21 | 1/27/22 | 1/20/23 | 2/2/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,783 | 1,975 | 2,022 | 2,069 | 2,152 | 2,358 | 2,496 | 2,674 |
| EBITDA 1 | 1,068 | 1,153 | 1,332 | 1,188 | 1,267 | 1,323 | 1,398 | 1,552 |
| EBIT 1 | 848.8 | 930.3 | 1,102 | 950.1 | 1,037 | 1,077 | 1,147 | 1,301 |
| Operating Margin | 47.61% | 47.11% | 54.49% | 45.92% | 48.21% | 45.67% | 45.95% | 48.64% |
| Earnings before Tax (EBT) 1 | 773.8 | 865.1 | 1,040 | 943.9 | 1,006 | 1,027 | 1,060 | 1,186 |
| Net income 1 | 590.9 | 654.5 | 808.2 | 699.6 | 779.4 | 802.2 | 829.4 | 829.6 |
| Net margin | 33.14% | 33.14% | 39.97% | 33.81% | 36.22% | 34.02% | 33.22% | 31.03% |
| EPS 2 | 0.1733 | 0.1919 | 0.2370 | 0.2052 | 0.2286 | 0.2365 | 0.2454 | 0.2408 |
| Free Cash Flow 1 | 879.2 | 701.7 | 729.6 | 653.2 | 767.7 | 364.9 | 286.8 | 87.5 |
| FCF margin | 49.32% | 35.53% | 36.09% | 31.57% | 35.68% | 15.47% | 11.49% | 3.27% |
| FCF Conversion (EBITDA) | 82.34% | 60.86% | 54.78% | 54.99% | 60.61% | 27.57% | 20.51% | 5.64% |
| FCF Conversion (Net income) | 148.8% | 107.21% | 90.28% | 93.37% | 98.5% | 45.49% | 34.58% | 10.55% |
| Dividend per Share 2 | 0.1300 | 0.1152 | 0.1778 | 0.1437 | - | 0.1779 | 0.1819 | 0.1849 |
| Announcement Date | 2/7/20 | 2/2/21 | 1/27/22 | 1/20/23 | 2/2/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 199.1 | 222.9 | 151.9 | 162.3 | 150.4 | 235 | - | 206.1 |
| Net margin | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0584 | 0.0654 | 0.0445 | 0.0476 | 0.0441 | 0.0690 | - | 0.0604 |
| Dividend per Share | - | 0.0928 | - | 0.0691 | - | 0.0746 | - | - |
| Announcement Date | 10/29/21 | 1/27/22 | 4/26/22 | 7/28/22 | 11/4/22 | 1/20/23 | 5/2/23 | 2/2/24 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 766 | 587 | 682 | 604 | 401 | 848 | 1,472 | 2,305 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.7169 x | 0.5089 x | 0.5124 x | 0.5086 x | 0.3166 x | 0.6406 x | 1.053 x | 1.485 x |
| Free Cash Flow 1 | 879 | 702 | 730 | 653 | 768 | 365 | 287 | 87.5 |
| ROE (net income / shareholders' equity) | 23.8% | 24.3% | 27.1% | 21.9% | 22.9% | 22.3% | 22.3% | 21% |
| ROA (Net income/ Total Assets) | 11.6% | 12.6% | 15.1% | 13.1% | 14.7% | 13.6% | 11.5% | 10.4% |
| Assets 1 | 5,110 | 5,197 | 5,338 | 5,348 | 5,310 | 5,884 | 7,229 | 7,955 |
| Book Value Per Share 2 | 0.7500 | 0.8300 | 0.9200 | 0.9600 | 1.030 | 1.080 | 1.150 | 1.230 |
| Cash Flow per Share 2 | 0.2800 | 0.3000 | 0.3100 | 0.2600 | 0.2900 | 0.3200 | 0.3000 | 0.4000 |
| Capex 1 | 80.7 | 323 | 371 | 246 | 227 | 751 | 707 | 1,098 |
| Capex / Sales | 4.53% | 16.36% | 18.34% | 11.9% | 10.54% | 31.84% | 28.3% | 41.07% |
| Announcement Date | 2/7/20 | 2/2/21 | 1/27/22 | 1/20/23 | 2/2/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
3.93
MYR
Average target price
4.218
MYR
Spread / Average Target
+7.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.67% | 2.81B | |
| +29.31% | 34.31B | |
| +14.90% | 18.09B | |
| 0.00% | 13.47B | |
| +8.23% | 7.39B | |
| -14.11% | 7.59B | |
| +21.75% | 6.85B | |
| +21.22% | 6.19B | |
| -2.63% | 5.56B | |
| 0.00% | 4.12B |
- Stock Market
- Equities
- WPRTS Stock
- Financials Westports Holdings
