Financials ELK-Desa Resources

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.26 ^MYR	0.00%		0.00%	+0.80%

Feb. 23	ELK-Desa Resources' Profit Slides in Fiscal Q3	MT
Feb. 22	ELK-Desa Resources Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	411.6	344.7	407.2	395.8	523	573.1	-	-
Enterprise Value (EV) ¹	411.6	344.7	407.2	395.8	523	573.1	573.1	573.1
P/E ratio	-	-	-	15.6 x	11 x	15.6 x	13.6 x	12.6 x
Yield	5.04%	6.25%	5.29%	3.95%	5.65%	3.57%	3.97%	4.37%
Capitalization / Revenue	3.34 x	2.33 x	2.83 x	3.07 x	3.37 x	3.51 x	3.22 x	2.98 x
EV / Revenue	3.34 x	2.33 x	2.83 x	3.07 x	3.37 x	3.51 x	3.22 x	2.98 x
EV / EBITDA	8.4 x	-	-	8.39 x	6.98 x	7.99 x	7.29 x	6.66 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1 x	0.81 x	-	-	1.11 x	1.17 x	1.13 x	1.09 x
Nbr of stocks (in thousands)	444,223	445,720	445,858	446,430	454,811	454,808	-	-
Reference price ²	0.9267	0.7733	0.9133	0.8867	1.150	1.260	1.260	1.260
Announcement Date	5/21/19	6/9/20	5/20/21	5/20/22	5/22/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	123.4	148	143.8	128.9	155.2	163.3	178	192.1
EBITDA ¹	48.98	-	-	47.19	74.89	71.7	78.6	86
EBIT ¹	48.06	-	59.08	44.49	70.85	72.68	80.06	85.78
Operating Margin	38.95%	-	41.1%	34.52%	45.64%	44.51%	44.96%	44.65%
Earnings before Tax (EBT) ¹	-	-	-	34.89	63.31	50	54.95	58.55
Net income ¹	-	-	-	25.77	47.74	38.15	41.85	44.55
Net margin	-	-	-	20%	30.75%	23.36%	23.5%	23.19%
EPS ²	-	-	-	0.0569	0.1050	0.0810	0.0925	0.1000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0467	0.0483	0.0483	0.0350	0.0650	0.0450	0.0500	0.0550
Announcement Date	5/21/19	6/9/20	5/20/21	5/20/22	5/22/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	8.15%	8.35%	8.14%	5.8%	10.4%	7.9%	8.4%	8.65%
ROA (Net income/ Total Assets)	6.47%	-	-	4.14%	7.49%	5.1%	5.25%	5.1%
Assets ¹	-	-	-	622.6	637.7	748	797.1	873.5
Book Value Per Share ²	0.9300	0.9500	-	-	1.040	1.080	1.120	1.160
Cash Flow per Share ²	-	-	-	-	-0.1100	-0.0600	-0.0300	-
Capex ¹	4.48	-	-	1.23	23.3	4	4	4
Capex / Sales	3.63%	-	-	0.95%	15%	2.45%	2.25%	2.08%
Announcement Date	5/21/19	6/9/20	5/20/21	5/20/22	5/22/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.26 MYR

Average target price

1.2 MYR

Spread / Average Target

-4.76%

	1st Jan change	Capi.
ELK-DESA RESOURCES	+0.80%	120M
BAJAJ FINANCE LIMITED	-8.14%	49.88B
BAJAJ FINSERV LTD.	-5.25%	30.53B
ORIX CORPORATION	+20.03%	23.38B
SYNCHRONY FINANCIAL	+16.97%	17.94B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	-6.99%	11.81B
SHRIRAM FINANCE LIMITED	+21.92%	11.27B
SOFI TECHNOLOGIES, INC.	-20.90%	8.31B
MUTHOOT FINANCE LIMITED	+14.34%	8.13B
SUNDARAM FINANCE LIMITED	+36.65%	6.39B