Financials Mynews Holdings

Equities

MYNEWS

MYL5275OO002

Food Retail & Distribution

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-09 pm EDT			5-day change	1st Jan Change
0.54 ^MYR	+2.86%		+1.89%	+3.85%

Mar. 27	Mynews Holdings Berhad Announces Committee Changes	CI
Mar. 27	Mynews Holdings Berhad Appoints Ding Lien Bing as Non Independent and Non Executive Member of Risk Committee, Effective April 1, 2024	CI

Valuation

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	907.3	378.6	634.4	365	405.2	405.2	-	-
Enterprise Value (EV) ¹	923.4	489.7	782	442.4	446.2	385.3	331.6	295.9
P/E ratio	33.8 x	-41.1 x	-14.7 x	-20.1 x	-35.5 x	53.1 x	28.4 x	12.6 x
Yield	0.75%	-	-	-	-	0.65%	0.74%	2%
Capitalization / Revenue	1.72 x	0.77 x	1.58 x	0.58 x	0.55 x	0.5 x	0.44 x	0.4 x
EV / Revenue	1.75 x	1 x	1.95 x	0.7 x	0.61 x	0.47 x	0.36 x	0.29 x
EV / EBITDA	12.4 x	10.8 x	77.8 x	7.9 x	5.41 x	4.23 x	3.15 x	2.5 x
EV / FCF	-32.7 x	120 x	322 x	22.7 x	8.37 x	8.63 x	5.15 x	3.9 x
FCF Yield	-3.06%	0.83%	0.31%	4.41%	12%	11.6%	19.4%	25.7%
Price to Book	3.2 x	1.38 x	2.65 x	1.65 x	1.69 x	1.66 x	1.48 x	1.41 x
Nbr of stocks (in thousands)	682,154	682,154	682,154	682,154	750,354	750,354	-	-
Reference price ²	1.330	0.5550	0.9300	0.5350	0.5400	0.5400	0.5400	0.5400
Announcement Date	12/19/19	12/21/20	12/22/21	12/22/22	12/21/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	528.5	490	400.6	631.3	730.2	815.5	912.9	1,005
EBITDA ¹	74.34	45.44	10.05	56.03	82.46	91.08	105.4	118.2
EBIT ¹	33	-6.599	-46.6	-12.85	3.995	15.43	26.67	35.7
Operating Margin	6.24%	-1.35%	-11.63%	-2.04%	0.55%	1.89%	2.92%	3.55%
Earnings before Tax (EBT) ¹	33.05	-13.14	-53.72	-20.99	-7.277	12.02	24.7	31.5
Net income ¹	26.82	-9.214	-43.07	-18.17	-10.7	10.12	18.72	26.15
Net margin	5.07%	-1.88%	-10.75%	-2.88%	-1.47%	1.24%	2.05%	2.6%
EPS ²	0.0393	-0.0135	-0.0631	-0.0266	-0.0152	0.0102	0.0190	0.0430
Free Cash Flow ¹	-28.24	4.083	2.432	19.52	53.33	44.64	64.36	75.93
FCF margin	-5.34%	0.83%	0.61%	3.09%	7.3%	5.47%	7.05%	7.56%
FCF Conversion (EBITDA)	-	8.99%	24.2%	34.84%	64.67%	49.02%	61.04%	64.24%
FCF Conversion (Net income)	-	-	-	-	-	441.3%	343.86%	290.36%
Dividend per Share ²	0.0100	-	-	-	-	0.003520	0.004020	0.0108
Announcement Date	12/19/19	12/21/20	12/22/21	12/22/22	12/21/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October	2023 Q1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	-3.213
Net margin	-
EPS ²	-0.004700
Dividend per Share	-
Announcement Date	3/30/23

¹MYR in Million²MYR

Estimates

Balance Sheet Analysis

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	16.1	111	148	77.4	41	-	-	-
Net Cash position ¹	-	-	-	-	-	19.9	73.6	109
Leverage (Debt/EBITDA)	0.217 x	2.445 x	14.69 x	1.382 x	0.497 x	-	-	-
Free Cash Flow ¹	-28.2	4.08	2.43	19.5	53.3	44.6	64.4	75.9
ROE (net income / shareholders' equity)	9.85%	-3.3%	-16.8%	-7.9%	-4.67%	4.12%	7.32%	9.62%
ROA (Net income/ Total Assets)	6.64%	-1.83%	-8.35%	-3.22%	-1.7%	2.51%	3.34%	4.52%
Assets ¹	404.2	502.8	515.6	564.9	629.3	403.9	560	578.2
Book Value Per Share ²	0.4200	0.4000	0.3500	0.3200	0.3200	0.3300	0.3700	0.3800
Cash Flow per Share ²	0.1300	0.0700	0.0300	0.1300	0.0900	0.1000	0.2000	0.2000
Capex ¹	116	40.8	18.3	72	10.3	52.5	46.8	40.7
Capex / Sales	22.01%	8.33%	4.57%	11.4%	1.4%	6.44%	5.12%	4.05%
Announcement Date	12/19/19	12/21/20	12/22/21	12/22/22	12/21/23	-	-	-

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Mynews Holdings

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.54 MYR

Average target price

0.6283 MYR

Spread / Average Target

+16.36%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Supermarkets & Convenience Stores

	1st Jan change	Capi.
MYNEWS HOLDINGS	+3.85%	85.5M
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-7.77%	39.16B
AVENUE SUPERMARTS LIMITED	+17.49%	37.37B
SEVEN & I HOLDINGS CO., LTD.	+8.66%	33.78B
SM INVESTMENTS CORPORATION	+0.92%	18.67B
COLES GROUP LIMITED	+0.81%	14.31B
JERÓNIMO MARTINS, SGPS, S.A.	-11.55%	13.79B
CASEY'S GENERAL STORES, INC.	+22.88%	12.5B
CARREFOUR	-0.45%	12.28B
ICA GRUPPEN	-.--%	11.82B

Supermarkets & Convenience Stores