Financials Innoprise Plantations

Equities

INNO

MYL6262OO009

Food Processing

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
1.44 MYR -1.37% Intraday chart for Innoprise Plantations -0.69% +9.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 292.1 459.7 560.3 617.7 761.4 627.3
Enterprise Value (EV) 1 314.9 466.7 531.2 584 740.3 612.1
P/E ratio 30.9 x 31.3 x 15.4 x 7.17 x 9.22 x 12 x
Yield 1.64% 2.08% 5.56% 14% 11.6% 7.63%
Capitalization / Revenue 2.56 x 3.88 x 3.62 x 2.68 x 2.83 x 2.8 x
EV / Revenue 2.76 x 3.94 x 3.43 x 2.54 x 2.75 x 2.74 x
EV / EBITDA 9.37 x 12.5 x 7.79 x 4.36 x 5.75 x 7.03 x
EV / FCF 58.7 x 30.7 x 12.3 x 8.47 x 8.99 x 17.9 x
FCF Yield 1.7% 3.25% 8.11% 11.8% 11.1% 5.59%
Price to Book 0.95 x 1.44 x 1.68 x 1.91 x 2.53 x 2.04 x
Nbr of stocks (in thousands) 478,858 478,858 478,858 478,858 478,858 478,858
Reference price 2 0.6100 0.9600 1.170 1.290 1.590 1.310
Announcement Date 4/29/19 5/29/20 4/26/21 4/26/22 4/28/23 4/25/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 114.2 118.6 154.9 230.3 269.2 223.6
EBITDA 1 33.61 37.2 68.18 133.9 128.6 87.1
EBIT 1 13.42 16.16 46.62 111.7 105.6 61.56
Operating Margin 11.75% 13.63% 30.09% 48.5% 39.23% 27.52%
Earnings before Tax (EBT) 1 12.48 18.31 46.26 113.7 111.2 68.5
Net income 1 9.465 14.72 36.38 86.2 82.62 52.39
Net margin 8.29% 12.41% 23.48% 37.42% 30.69% 23.43%
EPS 2 0.0198 0.0307 0.0760 0.1800 0.1725 0.1094
Free Cash Flow 1 5.362 15.18 43.09 68.91 82.31 34.22
FCF margin 4.69% 12.8% 27.81% 29.92% 30.57% 15.3%
FCF Conversion (EBITDA) 15.95% 40.82% 63.2% 51.48% 63.98% 39.29%
FCF Conversion (Net income) 56.65% 103.15% 118.46% 79.94% 99.62% 65.32%
Dividend per Share 2 0.0100 0.0200 0.0650 0.1800 0.1850 0.1000
Announcement Date 4/29/19 5/29/20 4/26/21 4/26/22 4/28/23 4/25/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 22.8 7.02 - - - -
Net Cash position 1 - - 29.1 33.8 21.1 15.2
Leverage (Debt/EBITDA) 0.6783 x 0.1888 x - - - -
Free Cash Flow 1 5.36 15.2 43.1 68.9 82.3 34.2
ROE (net income / shareholders' equity) 3.04% 4.7% 11.2% 26.2% 26.5% 17.2%
ROA (Net income/ Total Assets) 2.13% 2.59% 7.32% 17% 16.1% 9.56%
Assets 1 444.8 567.7 497.2 507.6 514.2 548.1
Book Value Per Share 2 0.6400 0.6700 0.7000 0.6800 0.6300 0.6400
Cash Flow per Share 2 0 0.0200 0.0600 0.0700 0.0500 0.0300
Capex 1 22.2 10.6 10.8 16.4 19.3 24.2
Capex / Sales 19.41% 8.97% 6.96% 7.1% 7.16% 10.83%
Announcement Date 4/29/19 5/29/20 4/26/21 4/26/22 4/28/23 4/25/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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