Financials WCT Holdings

Equities

WCT

MYL9679OO001

Construction & Engineering

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-02 pm EDT 5-day change 1st Jan Change
0.53 MYR +0.95% Intraday chart for WCT Holdings +0.95% +7.07%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 931.9 1,227 743.7 722.8 566.9 751.1 751.1 -
Enterprise Value (EV) 1 4,190 3,711 3,174 3,277 3,131 701.5 751.1 751.1
P/E ratio 8.6 x 13.7 x -3.89 x 7.39 x 4.46 x -2.76 x 14.2 x 11.8 x
Yield 2.48% - - 0.98% 1.25% 1.26% 0.94% 1.26%
Capitalization / Revenue 0.4 x 0.68 x 0.44 x 0.41 x 0.27 x 0.41 x 0.38 x 0.36 x
EV / Revenue 0.4 x 0.68 x 0.44 x 0.41 x 0.27 x 0.41 x 0.38 x 0.36 x
EV / EBITDA 2.65 x 3.69 x 6.65 x 1.44 x 2.16 x 3.73 x 3.25 x 3.07 x
EV / FCF -11,498,567 x 4,540,792 x -21,797,979 x 4,716,521 x 3,132,978 x - 2,302,682 x 2,159,054 x
FCF Yield -0% 0% -0% 0% 0% - 0% 0%
Price to Book 0.3 x 0.33 x 0.2 x 0.19 x 0.18 x 0.21 x 0.19 x 0.18 x
Nbr of stocks (in thousands) 1,380,592 1,409,965 1,403,209 1,417,236 1,417,236 1,417,236 1,417,236 -
Reference price 2 0.6750 0.8700 0.5300 0.5100 0.4000 0.5300 0.5300 0.5300
Announcement Date 2/28/19 2/26/20 3/17/21 2/24/22 2/27/23 4/26/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,333 1,794 1,709 1,753 2,102 1,727 1,997 2,067
EBITDA 1 352.2 332.2 111.9 500.3 262.7 201.5 231.1 245
EBIT 1 323.5 308.7 86.04 458.5 223.3 -78.23 224.8 242
Operating Margin 13.86% 17.2% 5.04% 26.16% 10.62% -4.53% 11.26% 11.71%
Earnings before Tax (EBT) 1 154.8 126.6 -122.9 277.9 139.7 -177.8 135.1 151.8
Net income 1 111.8 88.83 -190.8 97.3 127.2 -254.1 52.62 63.73
Net margin 4.79% 4.95% -11.16% 5.55% 6.05% -14.71% 2.63% 3.08%
EPS 2 0.0785 0.0634 -0.1361 0.0690 0.0897 -0.1793 0.0373 0.0448
Free Cash Flow -81.04 270.1 -34.12 153.2 180.9 - 326.2 347.9
FCF margin -3.47% 15.06% -2% 8.74% 8.61% - 16.33% 16.83%
FCF Conversion (EBITDA) - 81.32% - 30.63% 68.88% - 141.15% 142.02%
FCF Conversion (Net income) - 304.1% - 157.51% 142.3% - 619.96% 545.87%
Dividend per Share 2 0.0168 - - 0.005000 0.005000 0.006670 0.005000 0.006670
Announcement Date 2/28/19 2/26/20 3/17/21 2/24/22 2/27/23 4/26/24 - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q3
Net sales 1 435.6 - 421 604.7 561.2 470 466.5 404.6 496.6
EBITDA 1 64.91 - 226.7 103.3 40.34 77.15 41.83 52.35 37.94
EBIT 1 59.16 - 217.4 93.29 30.03 67 32.92 42.73 28.81
Operating Margin 13.58% - 51.64% 15.43% 5.35% 14.26% 7.06% 10.56% 5.8%
Earnings before Tax (EBT) 1 26.66 - 148.3 61.16 3.073 43.75 31.74 19.7 6.017
Net income 1 16.12 -35.23 51 30.56 58.48 12.5 25.62 -7.688 10.74
Net margin 3.7% - 12.12% 5.05% 10.42% 2.66% 5.49% -1.9% 2.16%
EPS 2 0.0115 -0.0249 0.0360 0.0216 0.0413 0.008800 0.0181 -0.005400 0.007580
Dividend per Share - - 0.005000 - - - 0.005000 - -
Announcement Date 8/26/21 11/25/21 2/24/22 5/26/22 8/30/22 11/29/22 2/27/23 5/25/23 11/23/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 3,258 2,484 2,430 2,555 2,564 - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 9.252 x 7.479 x 21.72 x 5.106 x 9.76 x - - -
Free Cash Flow -81 270 -34.1 153 181 - 326 348
ROE (net income / shareholders' equity) 3.53% 2.81% -0.49% 2.58% 2.87% 0.52% 1.14% 1.39%
ROA (Net income/ Total Assets) 1.32% 1.02% -0.21% 0.59% 1.35% 0.2% 0.4% 0.53%
Assets 1 8,448 8,734 91,303 16,575 9,412 22,150 13,154 11,950
Book Value Per Share 2 2.220 2.660 2.640 2.700 2.210 2.510 2.800 2.900
Cash Flow per Share 2 -0.0300 0.2100 -0.0100 0.1300 0.1600 0.1500 0.0600 0.0600
Capex 1 38.2 30.8 16.2 26.8 46.4 34.4 57.7 59.3
Capex / Sales 1.64% 1.72% 0.95% 1.53% 2.21% 1.82% 2.89% 2.87%
Announcement Date 2/28/19 2/26/20 3/17/21 2/24/22 2/27/23 4/26/24 - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
0.53 MYR
Average target price
0.55 MYR
Spread / Average Target
+3.77%
Consensus
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