Financials Scientex

Equities

SCIENTX

MYL4731OO005

Non-Paper Containers & Packaging

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.1 ^MYR	+0.24%		+3.27%	+7.61%

Mar. 27	Scientex Logs Higher Profit, Revenue in Fiscal Q2; Shares Rally 4%	MT
Mar. 26	Scientex Berhad Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024	CI

Valuation

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,338	4,694	6,482	5,320	5,522	6,360	-	-
Enterprise Value (EV) ¹	4,338	4,694	7,366	6,306	6,199	6,377	6,374	6,363
P/E ratio	12.6 x	12 x	14.2 x	13 x	12.6 x	11.5 x	10.7 x	10.1 x
Yield	2.38%	2.53%	2.15%	2.62%	2.81%	2.76%	3.07%	3.54%
Capitalization / Revenue	1.34 x	1.33 x	1.77 x	1.33 x	1.35 x	1.4 x	1.33 x	1.27 x
EV / Revenue	1.34 x	1.33 x	2.01 x	1.58 x	1.52 x	1.4 x	1.33 x	1.27 x
EV / EBITDA	7.83 x	7.15 x	10.4 x	9.39 x	8.69 x	7.4 x	6.79 x	6.35 x
EV / FCF	-	-	11.9 x	11.1 x	9.08 x	11.4 x	-	-
FCF Yield	-	-	8.39%	8.97%	11%	8.79%	-	-
Price to Book	1.95 x	1.83 x	2.24 x	1.72 x	1.63 x	1.66 x	1.51 x	1.35 x
Nbr of stocks (in thousands)	1,545,784	1,547,630	1,550,656	1,551,000	1,551,064	1,551,267	-	-
Reference price ²	2.807	3.033	4.180	3.430	3.560	4.100	4.100	4.100
Announcement Date	9/26/19	9/18/20	9/29/21	9/29/22	9/20/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juli	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,247	3,519	3,656	3,985	4,077	4,542	4,794	5,013
EBITDA ¹	554.1	656.9	707.2	671.8	713.5	861.5	938.4	1,001
EBIT ¹	461.8	549.5	600.3	561	589.6	736.1	785.2	812.4
Operating Margin	14.22%	15.62%	16.42%	14.08%	14.46%	16.21%	16.38%	16.2%
Earnings before Tax (EBT) ¹	450.6	544.3	601	548.3	568.7	721.9	782.6	842.2
Net income ¹	333.7	390.1	457.2	409.9	438.1	546.2	592.6	638.3
Net margin	10.28%	11.09%	12.51%	10.28%	10.75%	12.03%	12.36%	12.73%
EPS ²	0.2222	0.2522	0.2950	0.2643	0.2825	0.3562	0.3824	0.4078
Free Cash Flow ¹	-	-	618.2	565.9	682.9	560.8	-	-
FCF margin	-	-	16.91%	14.2%	16.75%	12.35%	-	-
FCF Conversion (EBITDA)	-	-	87.41%	84.24%	95.71%	65.1%	-	-
FCF Conversion (Net income)	-	-	135.2%	138.07%	155.85%	102.68%	-	-
Dividend per Share ²	0.0667	0.0767	0.0900	0.0900	0.1000	0.1132	0.1260	0.1450
Announcement Date	9/26/19	9/18/20	9/29/21	9/29/22	9/20/23	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: July	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	-	-	1,072	1,107
EBITDA ¹	-	180.8	180.5	221.6
EBIT	-	-	-	-
Operating Margin	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Net income	106.3	-	-	-
Net margin	-	-	-	-
EPS	0.0685	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	3/15/23	6/20/23	9/20/23	12/14/23

¹MYR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: July	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	884	986	677	16.8	13.4	3
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	1.251 x	1.468 x	0.9495 x	0.0195 x	0.0143 x	0.002996 x
Free Cash Flow ¹	-	-	618	566	683	561	-	-
ROE (net income / shareholders' equity)	17.8%	16.9%	16.8%	13.7%	13.5%	14.9%	14.7%	14.1%
ROA (Net income/ Total Assets)	9.43%	9.28%	9.43%	7.75%	7.98%	9.55%	9.7%	9.4%
Assets ¹	3,540	4,205	4,850	5,287	5,490	5,719	6,110	6,790
Book Value Per Share ²	1.440	1.660	1.870	2.000	2.190	2.470	2.720	3.040
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	48.3	79.4	81.4	172	123	145	150	150
Capex / Sales	1.49%	2.26%	2.23%	4.33%	3.02%	3.18%	3.13%	2.99%
Announcement Date	9/26/19	9/18/20	9/29/21	9/29/22	9/20/23	-	-	-

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 Scientex

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.1 MYR

Average target price

4.123 MYR

Spread / Average Target

+0.56%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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