Financials Hup Seng Industries

Equities

HUPSENG

MYL5024OO004

Food Processing

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
0.83 MYR 0.00% Intraday chart for Hup Seng Industries +0.61% +5.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 720 760 700 572 628 664 - -
Enterprise Value (EV) 1 720 760 700 572 537.5 759.7 763.7 767.2
P/E ratio 17.3 x 18.8 x 25.7 x 21.9 x 13.9 x 14.1 x 12.7 x 10.2 x
Yield 6.67% 6.32% 4% 4.2% - 5.06% 5.66% 7.83%
Capitalization / Revenue 2.33 x 2.32 x 2.37 x 1.8 x 1.76 x 1.86 x 1.79 x 1.63 x
EV / Revenue 2.33 x 2.32 x 2.37 x 1.8 x 1.5 x 2.12 x 2.06 x 1.88 x
EV / EBITDA 11.6 x 12.3 x 15.9 x 13.6 x 8.18 x 11.4 x 10.1 x 8.37 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 4.74 x 5.44 x - - - - - -
Nbr of stocks (in thousands) 800,000 800,000 800,000 800,000 800,000 800,000 - -
Reference price 2 0.9000 0.9500 0.8750 0.7150 0.7850 0.8300 0.8300 0.8300
Announcement Date 2/10/20 2/17/21 2/16/22 2/14/23 2/19/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 309.5 327.3 295.8 318.2 357.3 357.7 370 407.4
EBITDA 1 62.32 61.82 44.06 42.19 65.7 66.9 75.9 91.7
EBIT 1 56.14 55.03 37.32 35.47 60.03 70.4 82.3 85.9
Operating Margin 18.14% 16.81% 12.61% 11.15% 16.8% 19.68% 22.24% 21.08%
Earnings before Tax (EBT) 1 56.12 55.01 37.29 35.44 60.01 63.85 70.55 87.7
Net income 1 41.53 40.38 27.24 26.08 45.09 47.2 52.2 64.9
Net margin 13.42% 12.34% 9.21% 8.2% 12.62% 13.2% 14.11% 15.93%
EPS 2 0.0519 0.0505 0.0341 0.0326 0.0564 0.0590 0.0655 0.0810
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.0600 0.0600 0.0350 0.0300 - 0.0420 0.0470 0.0650
Announcement Date 2/10/20 2/17/21 2/16/22 2/14/23 2/19/24 - - -
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 95.7 99.7 103
Net Cash position 1 - - - - 90.5 - - -
Leverage (Debt/EBITDA) - - - - - 1.43 x 1.314 x 1.125 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 26.8% 28.1% 19.5% 18.6% 29.7% 23.6% 22.1% -
ROA (Net income/ Total Assets) 17.6% 17.4% 12.5% 12.4% - - - -
Assets 1 235.3 231.5 218 210 - - - -
Book Value Per Share 0.1900 0.1700 - - - - - -
Cash Flow per Share - - - - - - - -
Capex 16.6 3.84 2.76 - - - - -
Capex / Sales 5.35% 1.17% 0.93% - - - - -
Announcement Date 2/10/20 2/17/21 2/16/22 2/14/23 2/19/24 - - -
1MYR in Million
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
0.83 MYR
Average target price
1.015 MYR
Spread / Average Target
+22.29%
Consensus

Annual profits - Rate of surprise

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