Financials Hong Leong Financial Group

Equities

HLFG

MYL1082OO006

Banks

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
16.84 MYR +0.48% Intraday chart for Hong Leong Financial Group +1.57% +2.43%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,216 14,853 20,181 20,978 20,028 19,101 - -
Enterprise Value (EV) 1 21,216 14,853 20,181 20,978 20,028 19,101 19,101 19,101
P/E ratio 11 x 8.01 x 8.91 x 8.55 x 7.18 x 6.69 x 6.27 x 5.88 x
Yield 2.27% 2.9% 2.25% 2.49% 2.77% 3.1% 3.3% 3.53%
Capitalization / Revenue 4.02 x 2.82 x 3.26 x 3.36 x 3.12 x 2.94 x 2.75 x 2.58 x
EV / Revenue 4.02 x 2.82 x 3.26 x 3.36 x 3.12 x 2.94 x 2.75 x 2.58 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.1 x 0.71 x 0.88 x 0.86 x 0.75 x 0.66 x 0.6 x 0.56 x
Nbr of stocks (in thousands) 1,144,351 1,133,799 1,133,789 1,133,945 1,134,102 1,134,258 - -
Reference price 2 18.54 13.10 17.80 18.50 17.66 16.84 16.84 16.84
Announcement Date 8/28/19 8/28/20 8/30/21 8/30/22 8/30/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,278 5,258 6,199 6,252 6,429 6,505 6,949 7,413
EBITDA - - - - - - - -
EBIT 1 2,897 2,898 3,806 3,893 3,860 3,963 4,286 4,589
Operating Margin 54.89% 55.13% 61.4% 62.28% 60.03% 60.93% 61.67% 61.9%
Earnings before Tax (EBT) 1 3,506 3,300 3,972 4,840 5,102 5,310 5,673 6,062
Net income 1 1,919 1,858 2,265 2,452 2,791 2,911 3,103 3,158
Net margin 36.37% 35.33% 36.54% 39.23% 43.42% 44.75% 44.66% 42.61%
EPS 2 1.678 1.636 1.998 2.163 2.461 2.518 2.686 2.863
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4200 0.3800 0.4000 0.4600 0.4900 0.5213 0.5560 0.5940
Announcement Date 8/28/19 8/28/20 8/30/21 8/30/22 8/30/23 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2021 S1 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2024 Q2
Net sales 1 - - - - 1,645 1,662
EBITDA - - - - - -
EBIT - - - 913 - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income 1,115 640.6 559.5 577.5 681.7 -
Net margin - - - - 41.44% -
EPS 0.9830 0.5650 0.4930 - 0.6010 -
Dividend per Share - - - - - -
Announcement Date 2/26/21 11/29/21 2/28/22 5/30/22 11/29/22 2/28/24
1MYR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.4% 9.29% 10.4% 10.4% 10.9% 10.3% 10.3% 10.2%
ROA (Net income/ Total Assets) 0.82% 0.76% 0.86% 0.88% 0.93% 0.9% 0.9% 0.9%
Assets 1 233,612 245,734 263,432 280,092 301,079 323,458 344,828 350,944
Book Value Per Share 2 16.80 18.40 20.10 21.40 23.60 25.60 27.90 30.30
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 8/28/19 8/28/20 8/30/21 8/30/22 8/30/23 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
16.84 MYR
Average target price
21.21 MYR
Spread / Average Target
+25.96%
Consensus
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  4. Financials Hong Leong Financial Group