Financials Ideal United Bintang International

Equities

IDEAL

MYL9687OO004

Real Estate Development & Operations

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3.3 MYR 0.00% Intraday chart for Ideal United Bintang International +3.12% +10.00%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 74.57 120.4 732.7 502.3 655 850
Enterprise Value (EV) 1 72.06 116 699.3 601.6 701.5 866.9
P/E ratio 4.61 x 5.05 x 12.6 x -8.86 x 10.5 x 21.6 x
Yield - - 1.27% - - -
Capitalization / Revenue 0.3 x 0.18 x 1.28 x 1.59 x 1.38 x 2.03 x
EV / Revenue 0.29 x 0.17 x 1.23 x 1.9 x 1.48 x 2.07 x
EV / EBITDA 1.58 x 0.8 x 5.95 x 34.5 x 9.83 x 18 x
EV / FCF -1.05 x -0.85 x 31.8 x 4.92 x 16.2 x 19.8 x
FCF Yield -95.4% -118% 3.15% 20.3% 6.19% 5.06%
Price to Book 0.8 x 0.82 x 1.33 x 1.02 x 1.15 x 1.39 x
Nbr of stocks (in thousands) 110,468 110,468 463,723 465,059 500,001 500,001
Reference price 2 0.6750 1.090 1.580 1.080 1.310 1.700
Announcement Date 4/30/18 4/30/19 6/29/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 246.5 677.7 570.4 316.7 473.1 419.3
EBITDA 1 45.64 145.7 117.5 17.42 71.35 48.16
EBIT 1 45.57 145.5 117.2 17.05 71.04 47.87
Operating Margin 18.49% 21.47% 20.55% 5.38% 15.02% 11.42%
Earnings before Tax (EBT) 1 45.92 144.4 116.2 -56.87 75.32 50.86
Net income 1 16.19 52.53 58.15 -56.68 59.64 39.36
Net margin 6.57% 7.75% 10.2% -17.9% 12.61% 9.39%
EPS 2 0.1465 0.2157 0.1253 -0.1219 0.1247 0.0787
Free Cash Flow 1 -68.73 -137 22 122.3 43.39 43.89
FCF margin -27.89% -20.22% 3.86% 38.64% 9.17% 10.47%
FCF Conversion (EBITDA) - - 18.72% 702.18% 60.82% 91.13%
FCF Conversion (Net income) - - 37.82% - 72.76% 111.5%
Dividend per Share - - 0.0200 - - -
Announcement Date 4/30/18 4/30/19 6/29/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - 99.3 46.5 16.9
Net Cash position 1 2.5 4.43 33.3 - - -
Leverage (Debt/EBITDA) - - - 5.701 x 0.6515 x 0.3516 x
Free Cash Flow 1 -68.7 -137 22 122 43.4 43.9
ROE (net income / shareholders' equity) 33.3% 45.6% 15.5% -9.51% 8.68% 4.91%
ROA (Net income/ Total Assets) 10.7% 19% 7.77% 0.91% 3.84% 2.53%
Assets 1 151.9 277 748.6 -6,261 1,552 1,558
Book Value Per Share 2 0.8500 1.320 1.190 1.060 1.140 1.220
Cash Flow per Share 2 0.0200 0.0800 0.1000 0.0200 0.0500 0.0300
Capex 1 0.1 0.32 0.04 0.69 0.15 0.23
Capex / Sales 0.04% 0.05% 0.01% 0.22% 0.03% 0.05%
Announcement Date 4/30/18 4/30/19 6/29/20 5/25/21 4/29/22 4/28/23
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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