Financials MKH

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
1.34 ^MYR	-4.29%		-0.74%	-6.29%

Apr. 04	MKH Unit Lends MYR64.4 Million Ringgit in Fiscal Q2	MT
Feb. 28	MKH Berhad commences an Equity Buyback Plan, under the authorization approved on March 16, 2023.	CI

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	683.3	739.1	744.9	664	808.4	773.7	-	-
Enterprise Value (EV) ¹	962.9	998.1	744.9	664	802.2	773.7	773.7	773.7
P/E ratio	8.37 x	17.3 x	9.77 x	6.13 x	10.8 x	8.3 x	7.17 x	8.38 x
Yield	3.39%	2.34%	-	3.04%	2.86%	3.54%	3.92%	2.61%
Capitalization / Revenue	0.61 x	0.81 x	-	0.69 x	0.76 x	0.72 x	0.69 x	0.81 x
EV / Revenue	0.61 x	0.81 x	-	0.69 x	0.76 x	0.72 x	0.69 x	0.81 x
EV / EBITDA	2.89 x	3.5 x	-	3.23 x	5.27 x	4.54 x	4.3 x	4.39 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.42 x	0.45 x	-	0.37 x	0.43 x	0.4 x	0.39 x	0.37 x
Nbr of stocks (in thousands)	579,035	577,416	577,416	577,416	577,416	577,396	-	-
Reference price ²	1.180	1.280	1.290	1.150	1.400	1.340	1.340	1.340
Announcement Date	11/27/19	11/27/20	11/29/21	11/29/22	11/29/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,122	911.9	-	968.1	1,064	1,077	1,129	956.9
EBITDA ¹	236.5	210.9	-	205.7	153.3	170.3	179.8	176.4
EBIT ¹	200.6	172.7	-	168.2	113.3	153.2	165.2	138.6
Operating Margin	17.88%	18.94%	-	17.38%	10.65%	14.23%	14.63%	14.48%
Earnings before Tax (EBT) ¹	159.3	117.4	-	170.4	117.2	150.6	168.3	150.7
Net income ¹	82.71	42.72	76.33	89.24	74.6	94.25	107	95
Net margin	7.37%	4.68%	-	9.22%	7.01%	8.75%	9.48%	9.93%
EPS ²	0.1410	0.0740	0.1320	0.1876	0.1292	0.1615	0.1870	0.1600
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0400	0.0300	-	0.0350	0.0400	0.0475	0.0525	0.0350
Announcement Date	11/27/19	11/27/20	11/29/21	11/29/22	11/29/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: September	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	280	259	-	-	-	-	-	-
Net Cash position	-	-	-	-	6.18	-	-	-
Leverage (Debt/EBITDA)	1.182 x	1.228 x	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	5.22%	2.63%	-	5.03%	4.07%	4.37%	4.91%	4.67%
ROA (Net income/ Total Assets)	2.51%	1.27%	-	4.36%	2.22%	3.52%	3.72%	3.55%
Assets ¹	3,301	3,354	-	2,047	3,359	2,678	2,876	2,676
Book Value Per Share ²	2.790	2.830	-	3.120	3.220	3.320	3.480	3.590
Cash Flow per Share	0.4300	0.2100	-	-	-	-	-	-
Capex ¹	57.9	46.8	-	17.8	28.7	10	10	10
Capex / Sales	5.16%	5.13%	-	1.84%	2.7%	0.93%	0.89%	1.05%
Announcement Date	11/27/19	11/27/20	11/29/21	11/29/22	11/29/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.34 MYR

Average target price

1.775 MYR

Spread / Average Target

+32.46%

	1st Jan change	Capi.
MKH	-6.29%	162M
MITSUI FUDOSAN CO., LTD.	+37.77%	28.71B
SUN HUNG KAI PROPERTIES LIMITED	-13.85%	26.95B
DLF LIMITED	+22.78%	26.45B
CHINA RESOURCES LAND LIMITED	+1.61%	25.94B
MITSUBISHI ESTATE CO., LTD.	+46.99%	23.39B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+5.96%	20.4B
EMAAR PROPERTIES	-2.65%	19.76B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.59%	16.53B
CK ASSET HOLDINGS LIMITED	-14.16%	15.1B