Financials Maxim Global

Equities

MAXIM

MYL4022OO009

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
0.39 MYR 0.00% Intraday chart for Maxim Global -2.50% +4.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 156.7 235 425.9 294.4 238 275.6
Enterprise Value (EV) 1 233 226.4 346.8 281.6 155.8 177.8
P/E ratio 26 x 9.39 x -3.53 x 10.5 x 7.17 x 47.2 x
Yield - - - 4.26% 5.26% 5.33%
Capitalization / Revenue 0.91 x 0.84 x 1.09 x 0.81 x 0.67 x 2.36 x
EV / Revenue 1.35 x 0.81 x 0.89 x 0.77 x 0.44 x 1.52 x
EV / EBITDA 23.8 x 5.7 x 4.65 x 7.56 x 3.13 x 47.3 x
EV / FCF -2.63 x 2.86 x -2.58 x -3.78 x 7.85 x 237 x
FCF Yield -38% 34.9% -38.8% -26.5% 12.7% 0.42%
Price to Book 0.42 x 0.59 x 0.99 x 0.66 x 0.51 x 0.56 x
Nbr of stocks (in thousands) 391,644 391,644 626,337 626,337 626,337 735,033
Reference price 2 0.4000 0.6000 0.6800 0.4700 0.3800 0.3750
Announcement Date 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23 4/25/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 172 279.4 389.9 363.6 352.6 116.9
EBITDA 1 9.79 39.73 74.61 37.24 49.84 3.76
EBIT 1 6.951 34.93 70.55 36.57 49.21 2.98
Operating Margin 4.04% 12.5% 18.09% 10.06% 13.96% 2.55%
Earnings before Tax (EBT) 1 7.075 35.1 -59.22 38.05 48.05 9.486
Net income 1 5.393 25.02 -82.75 28.14 33.31 5.32
Net margin 3.14% 8.95% -21.22% 7.74% 9.45% 4.55%
EPS 2 0.0154 0.0639 -0.1927 0.0448 0.0530 0.007953
Free Cash Flow 1 -88.61 79.11 -134.5 -74.55 19.85 0.7518
FCF margin -51.52% 28.31% -34.49% -20.5% 5.63% 0.64%
FCF Conversion (EBITDA) - 199.12% - - 39.83% 19.99%
FCF Conversion (Net income) - 316.23% - - 59.6% 14.13%
Dividend per Share - - - 0.0200 0.0200 0.0200
Announcement Date 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23 4/25/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 76.3 - - - - -
Net Cash position 1 - 8.56 79.1 12.8 82.3 97.8
Leverage (Debt/EBITDA) 7.798 x - - - - -
Free Cash Flow 1 -88.6 79.1 -134 -74.6 19.9 0.75
ROE (net income / shareholders' equity) 1.45% 5.9% -19% 6.26% 7.68% 1.62%
ROA (Net income/ Total Assets) 0.7% 3.44% 5.98% 2.63% 3.75% 0.24%
Assets 1 765.6 727 -1,383 1,069 888.7 2,258
Book Value Per Share 2 0.9500 1.010 0.6800 0.7100 0.7400 0.6700
Cash Flow per Share 2 0.0100 0.0700 0.0300 0.2400 0.3700 0.3200
Capex 1 4.92 3.47 6.7 0.1 0.77 0.35
Capex / Sales 2.86% 1.24% 1.72% 0.03% 0.22% 0.3%
Announcement Date 4/30/19 5/28/20 4/26/21 4/29/22 4/20/23 4/25/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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