Financials CB Industrial Product Holding

Equities

CBIP

MYL7076OO002

Industrial Machinery & Equipment

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-05 pm EDT 5-day change 1st Jan Change
1.36 MYR 0.00% Intraday chart for CB Industrial Product Holding +0.74% +1.49%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 511.7 555.5 543.2 562.3 525.8 632.4
Enterprise Value (EV) 1 522.5 599.5 575.1 598.1 667.5 732.5
P/E ratio 12.9 x 15.6 x 9.91 x 6.59 x -88.8 x 9.15 x
Yield 4% 1.82% 3.6% 3.42% 1.82% 3.73%
Capitalization / Revenue 1.07 x 1.23 x 1.01 x 0.93 x 0.6 x 0.75 x
EV / Revenue 1.09 x 1.32 x 1.06 x 0.99 x 0.76 x 0.87 x
EV / EBITDA 6.49 x 13.1 x 8.9 x 7.29 x -32.2 x 7.26 x
EV / FCF -4.77 x -8.38 x -63.2 x 24.3 x 81.7 x -9.78 x
FCF Yield -20.9% -11.9% -1.58% 4.12% 1.22% -10.2%
Price to Book 0.69 x 0.77 x 0.73 x 0.7 x 0.67 x 0.76 x
Nbr of stocks (in thousands) 511,721 505,037 489,354 480,641 477,955 471,951
Reference price 2 1.000 1.100 1.110 1.170 1.100 1.340
Announcement Date 4/30/19 6/30/20 5/31/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 478.1 452.5 540.4 606 881.3 841
EBITDA 1 80.51 45.88 64.65 82.06 -20.74 100.9
EBIT 1 70.02 31.1 43.77 61.04 -41.02 78.1
Operating Margin 14.65% 6.87% 8.1% 10.07% -4.65% 9.29%
Earnings before Tax (EBT) 1 88.55 37.72 72.71 104.4 4.658 96.42
Net income 1 41.28 35.5 54.88 86.66 -6.104 70.9
Net margin 8.63% 7.85% 10.15% 14.3% -0.69% 8.43%
EPS 2 0.0777 0.0703 0.1120 0.1776 -0.0124 0.1465
Free Cash Flow 1 -109.4 -71.56 -9.095 24.65 8.174 -74.93
FCF margin -22.89% -15.82% -1.68% 4.07% 0.93% -8.91%
FCF Conversion (EBITDA) - - - 30.04% - -
FCF Conversion (Net income) - - - 28.44% - -
Dividend per Share 2 0.0400 0.0200 0.0400 0.0400 0.0200 0.0500
Announcement Date 4/30/19 6/30/20 5/31/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 10.7 43.9 31.9 35.7 142 100
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.1335 x 0.9577 x 0.4941 x 0.4351 x -6.836 x 0.9919 x
Free Cash Flow 1 -109 -71.6 -9.09 24.6 8.17 -74.9
ROE (net income / shareholders' equity) 7.33% 4.42% 5.8% 11.1% -1.55% 9%
ROA (Net income/ Total Assets) 4.16% 1.74% 2.41% 3.37% -2.17% 3.99%
Assets 1 991.5 2,040 2,275 2,575 281.3 1,776
Book Value Per Share 2 1.440 1.440 1.530 1.680 1.640 1.760
Cash Flow per Share 2 0.2200 0.2700 0.2900 0.2900 0.1300 0.1100
Capex 1 101 59.3 25.4 35 44.2 34.2
Capex / Sales 21.15% 13.11% 4.7% 5.78% 5.01% 4.06%
Announcement Date 4/30/19 6/30/20 5/31/21 4/29/22 4/28/23 4/30/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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