Financials FGV Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.4 ^MYR	+1.45%		+2.19%	+1.45%

Apr. 01	FGV Holdings Berhad Appoints Puan Nurul Muhaniza Binti Hanafi as Independent and Non Executive Director	CI
Apr. 01	FGV Holdings Berhad Appoints Dato' Dr. Suzana Idayu Wati Binti Osman as Non Independent and Non Executive Director	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,608	5,545	4,670	5,399	4,816	5,107	5,107	-
Enterprise Value (EV) ¹	5,769	13,388	7,230	5,399	4,816	7,894	1,452	1,057
P/E ratio	-2.42 x	-23 x	31.2 x	4.62 x	3.64 x	49.3 x	22.9 x	15.9 x
Yield	-	1.32%	2.34%	5.41%	11.4%	2.17%	2.74%	3.16%
Capitalization / Revenue	0.19 x	0.42 x	0.33 x	0.28 x	0.19 x	0.26 x	0.24 x	0.25 x
EV / Revenue	0.43 x	1.01 x	0.51 x	0.28 x	0.19 x	0.41 x	0.07 x	0.05 x
EV / EBITDA	-40.8 x	24.9 x	12.5 x	2.24 x	1.6 x	6.88 x	1.11 x	0.73 x
EV / FCF	-31 x	10.3 x	5.42 x	3.8 x	3.29 x	13.1 x	1.14 x	0.67 x
FCF Yield	-3.22%	9.71%	18.5%	26.3%	30.4%	7.61%	87.5%	150%
Price to Book	0.58 x	1.33 x	1.09 x	0.99 x	0.77 x	0.84 x	0.83 x	0.81 x
Nbr of stocks (in thousands)	3,648,152	3,648,152	3,648,152	3,648,152	3,648,152	3,648,152	3,648,152	-
Reference price ²	0.7150	1.520	1.280	1.480	1.320	1.400	1.400	1.400
Announcement Date	2/28/19	2/28/20	2/26/21	2/28/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	13,467	13,259	14,076	19,575	25,564	19,359	21,227	20,790
EBITDA ¹	-141.6	537.1	578	2,415	3,002	1,148	1,313	1,447
EBIT ¹	-827.2	-194.4	448.4	1,788	2,266	393.5	409.6	472.7
Operating Margin	-6.14%	-1.47%	3.19%	9.14%	8.86%	2.03%	1.93%	2.27%
Earnings before Tax (EBT) ¹	-1,023	-350.3	353.5	1,714	1,951	339	372.4	531.8
Net income ¹	-1,080	-242.2	150	1,168	1,323	103	229.2	296
Net margin	-8.02%	-1.83%	1.07%	5.97%	5.17%	0.53%	1.08%	1.42%
EPS ²	-0.2960	-0.0660	0.0410	0.3201	0.3626	0.0280	0.0612	0.0878
Free Cash Flow ¹	-185.9	1,300	1,334	1,420	1,462	600.4	1,270	1,585
FCF margin	-1.38%	9.81%	9.48%	7.26%	5.72%	3.1%	5.98%	7.62%
FCF Conversion (EBITDA)	-	242.09%	230.84%	58.81%	48.71%	52.3%	96.73%	109.5%
FCF Conversion (Net income)	-	-	889.45%	121.61%	110.54%	582.92%	554%	535.41%
Dividend per Share ²	-	0.0200	0.0300	0.0800	0.1500	0.0300	0.0383	0.0443
Announcement Date	2/28/19	2/28/20	2/26/21	2/28/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	3,160	7,843	2,560	-	-	2,859	-	-
Net Cash position ¹	-	-	-	-	-	3,366	3,656	4,050
Leverage (Debt/EBITDA)	-22.33 x	14.6 x	4.43 x	-	-	2.491 x	-	-
Free Cash Flow ¹	-186	1,300	1,334	1,420	1,462	600	1,270	1,585
ROE (net income / shareholders' equity)	-21.4%	-5.6%	3.56%	24.1%	22.7%	1.69%	4.45%	4.86%
ROA (Net income/ Total Assets)	-5.49%	-1.31%	0.86%	6.65%	7.35%	0.58%	2.01%	2.73%
Assets ¹	19,673	18,439	17,412	17,573	17,994	17,692	11,405	10,844
Book Value Per Share ²	1.220	1.150	1.170	1.490	1.710	1.640	1.690	1.720
Cash Flow per Share ²	0.2000	0.5300	0.4700	-	0.6000	0.4400	0.0800	-
Capex ¹	923	634	371	509	742	997	707	655
Capex / Sales	6.86%	4.78%	2.64%	2.6%	2.9%	5.15%	3.33%	3.15%
Announcement Date	2/28/19	2/28/20	2/26/21	2/28/22	2/27/23	2/26/24	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.4 MYR

Average target price

1.361 MYR

Spread / Average Target

-2.77%

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