Financials Asia Enterprises Holding Limited

Equities

A55

SG1S11926551

Iron & Steel

Market Closed - Singapore S.E. 04:22:04 2024-05-03 am EDT 5-day change 1st Jan Change
0.145 SGD +2.11% Intraday chart for Asia Enterprises Holding Limited +4.32% +9.85%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 53.56 54.58 47.08 52.19 53.9 45.03
Enterprise Value (EV) 1 2.962 12.64 2.648 11.5 23.25 6.812
P/E ratio 31.4 x 80.3 x 92.1 x 14 x 14.4 x 7.43 x
Yield 3.18% 3.13% 3.62% 5.23% 5.06% 7.58%
Capitalization / Revenue 1.42 x 1.36 x 1.1 x 1.47 x 0.73 x 0.47 x
EV / Revenue 0.08 x 0.31 x 0.06 x 0.32 x 0.32 x 0.07 x
EV / EBITDA 1.16 x 6.74 x 1.74 x 2.05 x 2.95 x 0.78 x
EV / FCF -0.8 x 2.3 x 0.7 x -5.5 x -2.14 x 0.99 x
FCF Yield -125% 43.5% 144% -18.2% -46.7% 101%
Price to Book 0.57 x 0.57 x 0.5 x 0.54 x 0.55 x 0.45 x
Nbr of stocks (in thousands) 341,129 341,129 341,129 341,129 341,129 341,129
Reference price 2 0.1570 0.1600 0.1380 0.1530 0.1580 0.1320
Announcement Date 4/1/19 4/14/20 4/7/21 4/6/22 4/6/23 4/9/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 37.82 40.24 42.78 35.41 73.52 95.45
EBITDA 1 2.547 1.876 1.521 5.621 7.889 8.772
EBIT 1 0.391 -0.271 -0.668 3.466 5.742 6.604
Operating Margin 1.03% -0.67% -1.56% 9.79% 7.81% 6.92%
Earnings before Tax (EBT) 1 1.378 0.545 0.5 3.983 5.469 7.77
Net income 1 1.718 0.68 0.525 3.726 3.749 6.064
Net margin 4.54% 1.69% 1.23% 10.52% 5.1% 6.35%
EPS 2 0.004999 0.001993 0.001499 0.0109 0.0110 0.0178
Free Cash Flow 1 -3.7 5.492 3.81 -2.092 -10.87 6.899
FCF margin -9.78% 13.65% 8.9% -5.91% -14.78% 7.23%
FCF Conversion (EBITDA) - 292.77% 250.46% - - 78.65%
FCF Conversion (Net income) - 807.7% 725.62% - - 113.77%
Dividend per Share 2 0.005000 0.005000 0.005000 0.008000 0.008000 0.0100
Announcement Date 4/1/19 4/14/20 4/7/21 4/6/22 4/6/23 4/9/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 50.6 41.9 44.4 40.7 30.6 38.2
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 -3.7 5.49 3.81 -2.09 -10.9 6.9
ROE (net income / shareholders' equity) 1.53% 0.52% 0.55% 3.92% 3.88% 6.14%
ROA (Net income/ Total Assets) 0.23% -0.16% -0.38% 1.94% 3.06% 3.5%
Assets 1 732 -428.5 -137.4 191.6 122.5 173.5
Book Value Per Share 2 0.2700 0.2800 0.2800 0.2800 0.2800 0.2900
Cash Flow per Share 2 0.1400 0.1400 0.1500 0.1300 0.1000 0.1200
Capex 1 0.14 0.05 0.03 0.2 0.23 0.52
Capex / Sales 0.36% 0.13% 0.07% 0.56% 0.31% 0.54%
Announcement Date 4/1/19 4/14/20 4/7/21 4/6/22 4/6/23 4/9/24
1SGD in Million2SGD
Estimates
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