Financials Dancomech Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
0.45 ^MYR	0.00%		-1.10%	+3.45%

Feb. 26	Dancomech Holdings Berhad Declares and Approves Payment of A Second Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 4 April 2024	CI
Feb. 26	Dancomech Holdings Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	153.5	194.7	179.4	174.8	199.1	199.1	-
Enterprise Value (EV) ¹	153.5	194.7	179.4	174.8	192.5	199.1	199.1
P/E ratio	12.6 x	13.7 x	12.6 x	8.98 x	9.26 x	8.33 x	7.63 x
Yield	-	3.17%	-	-	4.44%	5.11%	5.44%
Capitalization / Revenue	1.9 x	1.64 x	-	0.82 x	0.91 x	0.78 x	0.72 x
EV / Revenue	1.9 x	1.64 x	-	0.82 x	0.91 x	0.78 x	0.72 x
EV / EBITDA	-	7.61 x	-	7.26 x	7.26 x	5.17 x	4.74 x
EV / FCF	-	-	-	23,747,770 x	18,601,734 x	9,982,336 x	8,617,378 x
FCF Yield	-	-	-	0%	0%	0%	0%
Price to Book	-	-	-	0.81 x	0.91 x	0.85 x	0.79 x
Nbr of stocks (in thousands)	304,010	309,100	332,234	442,550	442,550	442,550	-
Reference price ²	0.5050	0.6300	0.5400	0.3950	0.4500	0.4500	0.4500
Announcement Date	2/27/20	3/5/21	2/25/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	80.87	118.8	-	212	211.8	255.5	277.8
EBITDA ¹	-	25.58	-	24.08	26.5	38.55	42.05
EBIT ¹	-	23.29	-	20.17	22.26	38.2	42.8
Operating Margin	-	19.61%	-	9.52%	10.51%	14.95%	15.41%
Earnings before Tax (EBT) ¹	-	22.08	-	26.91	29.87	34.75	38.1
Net income ¹	-	16.34	16.59	18.2	21	23.8	26.25
Net margin	-	13.76%	-	8.58%	9.92%	9.32%	9.45%
EPS ²	0.0400	0.0460	0.0430	0.0440	0.0470	0.0540	0.0590
Free Cash Flow	-	-	-	7.361	10.35	19.95	23.11
FCF margin	-	-	-	3.47%	4.89%	7.81%	8.32%
FCF Conversion (EBITDA)	-	-	-	30.57%	39.05%	51.75%	54.96%
FCF Conversion (Net income)	-	-	-	40.45%	49.28%	83.82%	88.04%
Dividend per Share ²	-	0.0200	-	-	0.0200	0.0230	0.0245
Announcement Date	2/27/20	3/5/21	2/25/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	7.36	10.3	20	23.1
ROE (net income / shareholders' equity)	-	12.1%	-	10.1%	10.1%	10.7%	11.1%
ROA (Net income/ Total Assets)	-	9.5%	-	6.92%	7.07%	8.88%	9.29%
Assets ¹	-	172	-	263.1	297	268	282.6
Book Value Per Share ²	-	-	-	0.4900	0.4800	0.5300	0.5700
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	8.79	3.58	8.79	8.79
Capex / Sales	-	-	-	4.15%	1.69%	3.44%	3.16%
Announcement Date	2/27/20	3/5/21	2/25/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.45 MYR

Average target price

0.55 MYR

Spread / Average Target

+22.22%

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