Financials AFFIN Bank

Equities

AFFIN

MYL5185OO003

Banks

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
2.55 MYR +0.39% Intraday chart for AFFIN Bank +2.00% +22.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,773 3,654 3,675 4,616 4,881 5,984 - -
Enterprise Value (EV) 1 3,773 3,654 3,675 4,616 4,881 5,984 5,984 5,984
P/E ratio 8.03 x 16.7 x 6.93 x 3.38 x 11.9 x 11.3 x 10.2 x 9.3 x
Yield 3.68% 1.9% 7.23% 15% - 3.08% 3.29% 3.69%
Capitalization / Revenue 1.95 x 1.61 x 1.64 x 2.25 x 2.46 x 2.68 x 2.49 x 2.34 x
EV / Revenue 1.95 x 1.61 x 1.64 x 2.25 x 2.46 x 2.68 x 2.49 x 2.34 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.4 x 0.4 x 0.41 x 0.43 x - 0.52 x 0.5 x 0.49 x
Nbr of stocks (in thousands) 1,986,020 1,986,020 2,124,062 2,273,889 2,346,488 2,346,488 - -
Reference price 2 1.900 1.840 1.730 2.030 2.080 2.550 2.550 2.550
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,932 2,265 2,241 2,055 1,986 2,234 2,405 2,552
EBITDA - - - - - - - -
EBIT 1 707.8 913.9 887.5 737.9 564.6 716.7 834.6 882
Operating Margin 36.64% 40.35% 39.6% 35.91% 28.43% 32.08% 34.71% 34.57%
Earnings before Tax (EBT) 1 682.5 394.2 710.3 412.4 522.9 662.5 740.7 792
Net income 1 487.8 230.3 526.9 1,300 402.2 509.8 566.2 610.8
Net margin 25.25% 10.17% 23.51% 63.28% 20.25% 22.82% 23.54% 23.94%
EPS 2 0.2367 0.1103 0.2496 0.5999 0.1742 0.2254 0.2506 0.2742
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0700 0.0350 0.1250 0.3039 - 0.0786 0.0840 0.0940
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q1 2023 Q2 2023 Q3
Net sales 494.3 - -
EBITDA - - -
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 1 149 113.2 100.5
Net margin 30.14% - -
EPS 2 - - 0.0438
Dividend per Share - - -
Announcement Date 5/26/23 8/25/23 11/17/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 5.42% 2.44% 5.42% 12.6% - 4.53% 4.95% 5.13%
ROA (Net income/ Total Assets) 0.68% 0.33% 0.71% 1.54% - 0.46% 0.49% 0.55%
Assets 1 71,730 68,938 73,987 84,342 - 109,865 115,073 111,045
Book Value Per Share 2 4.700 4.600 4.180 4.730 - 4.890 5.070 5.210
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/27/20 2/26/21 2/28/22 2/27/23 2/29/24 - - -
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
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
7
Last Close Price
2.55 MYR
Average target price
2.016 MYR
Spread / Average Target
-20.95%
Consensus

Annual profits - Rate of surprise