Financials Jaya Tiasa Holdings

Equities

JTIASA

MYL4383OO005

Forest & Wood Products

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
1.24 ^MYR	-2.36%		-0.80%	+36.26%

Apr. 09	Jaya Tiasa Holdings Berhad Reports Monthly Crop and Logs Production of the Group for the Month of March 2024	CI
Mar. 08	Jaya Tiasa Holdings Berhad Reports Production Results for the Month of February 2024	CI

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	469.5	469.5	551.8	614.7	667.9	1,200	-	-
Enterprise Value (EV) ¹	469.5	469.5	551.8	614.7	667.9	1,200	1,200	1,200
P/E ratio	-1.7 x	-6.38 x	17.6 x	4.53 x	4.35 x	6.89 x	9.32 x	11.6 x
Yield	-	-	-	4.41%	4.64%	3.63%	2.66%	2.18%
Capitalization / Revenue	0.74 x	0.67 x	0.76 x	0.79 x	0.79 x	1.37 x	1.62 x	1.67 x
EV / Revenue	0.74 x	0.67 x	0.76 x	0.79 x	0.79 x	1.37 x	1.62 x	1.67 x
EV / EBITDA	11.8 x	1.58 x	1.65 x	1.59 x	2.02 x	2.9 x	3.53 x	4.07 x
EV / FCF	-	-	-	-	-	5.7 x	5.27 x	6.09 x
FCF Yield	-	-	-	-	-	17.5%	19%	16.4%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	967,991	967,991	967,991	967,991	967,991	967,991	-	-
Reference price ²	0.4850	0.4850	0.5700	0.6350	0.6900	1.240	1.240	1.240
Announcement Date	8/27/19	8/26/20	9/22/21	8/29/22	8/24/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	637.7	701.9	723.4	780.1	845.2	874	740.2	718.8
EBITDA ¹	39.84	296.3	333.5	386.3	330.7	414	340	294.9
EBIT ¹	-	-	-	-	-	272.8	208.7	172.8
Operating Margin	-	-	-	-	-	31.21%	28.2%	24.04%
Earnings before Tax (EBT) ¹	-198	-132.1	77.08	201	168.8	244.2	180.2	144.3
Net income ¹	-275.7	-73.53	31.4	135.7	153.6	174.6	128.8	103.1
Net margin	-43.22%	-10.48%	4.34%	17.4%	18.18%	19.98%	17.4%	14.34%
EPS ²	-0.2848	-0.0760	0.0324	0.1402	0.1587	0.1800	0.1330	0.1070
Free Cash Flow ¹	-	-	-	-	-	210.5	227.6	197.1
FCF margin	-	-	-	-	-	24.08%	30.75%	27.42%
FCF Conversion (EBITDA)	-	-	-	-	-	50.85%	66.94%	66.84%
FCF Conversion (Net income)	-	-	-	-	-	120.56%	176.71%	191.17%
Dividend per Share ²	-	-	-	0.0280	0.0320	0.0450	0.0330	0.0270
Announcement Date	8/27/19	8/26/20	9/22/21	8/29/22	8/24/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 Q2	2025 Q3
Net sales ¹	333.5	176.4
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	66.88	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	2/29/24	-

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 ¹	-	-	-	-	-	211	228	197
ROE (net income / shareholders' equity)	-	-6.46%	5.23%	11.3%	11.6%	12.1%	8.3%	6.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	8.4%	5.9%	4.6%
Assets ¹	-	-	-	-	-	2,079	2,183	2,241
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	-	-	-	-	-	60	60	60
Capex / Sales	-	-	-	-	-	6.86%	8.11%	8.35%
Announcement Date	8/27/19	8/26/20	9/22/21	8/29/22	8/24/23	-	-	-

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

Ratings for Jaya Tiasa Holdings

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.24 MYR

Average target price

1 MYR

Spread / Average Target

-19.35%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Forest & Wood Products

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Other Forest & Wood Products