Financials Ancom

Equities

ANCOMNY

MYL4758OO008

Diversified Chemicals

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.01 ^MYR	-1.94%		-1.94%	-10.62%

Apr. 22	Ancom Nylex Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024	CI
Apr. 22	Malaysian Shares Maintain Winning Streak on Week's Open; Shares of Compugates, XOX Soar Up 50%	MT

Valuation

Fiscal Period: May	2022	2023	2024	2025	2026
Capitalization ¹	890.7	906.5	968.9	-	-
Enterprise Value (EV) ¹	890.7	1,121	637.8	513	374.4
P/E ratio	4.61 x	12.8 x	11.9 x	9.56 x	8.31 x
Yield	-	1.02%	1.16%	1.42%	1.88%
Capitalization / Revenue	-	0.44 x	0.46 x	0.43 x	0.39 x
EV / Revenue	-	0.55 x	0.3 x	0.23 x	0.15 x
EV / EBITDA	-	8.18 x	3.82 x	2.68 x	1.72 x
EV / FCF	-	13,453,941 x	-	-	-
FCF Yield	-	0%	-	-	-
Price to Book	-	1.86 x	1.7 x	1.47 x	1.29 x
Nbr of stocks (in thousands)	859,164	934,508	959,260	-	-
Reference price ²	1.037	0.9700	1.010	1.010	1.010
Announcement Date	7/18/22	9/27/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: May	2022	2023	2024	2025	2026
Net sales ¹	-	2,043	2,122	2,240	2,454
EBITDA ¹	-	137.1	167	191.2	217.9
EBIT ¹	-	116	128.4	156.6	178.9
Operating Margin	-	5.68%	6.05%	6.99%	7.29%
Earnings before Tax (EBT) ¹	-	95.81	108.7	137.3	157.5
Net income ¹	68.18	75.13	82.23	104.1	118
Net margin	-	3.68%	3.88%	4.65%	4.81%
EPS ²	0.2246	0.0756	0.0847	0.1057	0.1215
Free Cash Flow	-	83.33	-	-	-
FCF margin	-	4.08%	-	-	-
FCF Conversion (EBITDA)	-	60.78%	-	-	-
FCF Conversion (Net income)	-	110.91%	-	-	-
Dividend per Share ²	-	0.009900	0.0117	0.0143	0.0190
Announcement Date	7/18/22	9/27/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: May	2024 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	20.8
Net margin	-
EPS ²	0.0200
Dividend per Share	-
Announcement Date	10/17/23

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: May	2022	2023	2024	2025	2026
Net Debt ¹	-	215	-	-	-
Net Cash position ¹	-	-	331	456	595
Leverage (Debt/EBITDA)	-	1.565 x	-	-	-
Free Cash Flow	-	83.3	-	-	-
ROE (net income / shareholders' equity)	-	17.1%	14.6%	15.4%	16.4%
ROA (Net income/ Total Assets)	-	6.45%	7%	8%	8%
Assets ¹	-	1,164	1,175	1,302	1,474
Book Value Per Share ²	-	0.5200	0.5900	0.6900	0.7800
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	13.2	25	27.5	27.5
Capex / Sales	-	0.65%	1.18%	1.23%	1.12%
Announcement Date	7/18/22	9/27/23	-	-	-

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

Ratings for Ancom

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.01 MYR

Average target price

1.417 MYR

Spread / Average Target

+40.26%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Diversified Chemicals

	1st Jan change	Capi.
ANCOM	-10.62%	203M
SHIN-ETSU CHEMICAL CO., LTD.	-0.19%	74.89B
BASF SE	+0.09%	46.52B
DUPONT DE NEMOURS, INC.	-4.19%	30.82B
PIDILITE INDUSTRIES LIMITED	+9.85%	18.19B
BRENNTAG SE	-10.05%	11.54B
EASTMAN CHEMICAL COMPANY	+6.39%	11.24B
SYENSQO SA/NV	-8.09%	9.73B
ASAHI KASEI CORPORATION	+2.79%	9.4B
SRF LIMITED	+6.35%	9.37B

Diversified Chemicals