Financials Formosa Prosonic Industries

Equities

FPI

MYL9172OO007

Household Electronics

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-23 pm EDT 5-day change 1st Jan Change
3.05 MYR +0.33% Intraday chart for Formosa Prosonic Industries +0.66% +6.27%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 415.6 398.2 561.5 948.3 827.7 732.5
Enterprise Value (EV) 1 246.6 198.3 293.3 681.6 465.8 281.5
P/E ratio 11.3 x 9.54 x 10.7 x 9.71 x 7.8 x 6.26 x
Yield 5.95% 6.83% 6.17% 5.33% 6.5% 8.01%
Capitalization / Revenue 0.74 x 0.52 x 0.73 x 1.01 x 0.84 x 1.09 x
EV / Revenue 0.44 x 0.26 x 0.38 x 0.73 x 0.47 x 0.42 x
EV / EBITDA 5.89 x 4.16 x 4.51 x 6.05 x 3.78 x 1.72 x
EV / FCF 12.4 x 4.48 x 3.82 x -94.3 x 4.44 x 2.55 x
FCF Yield 8.05% 22.3% 26.2% -1.06% 22.5% 39.3%
Price to Book 1.42 x 1.28 x 1.68 x 2.28 x 1.72 x 1.35 x
Nbr of stocks (in thousands) 247,358 247,358 247,358 252,884 256,266 255,214
Reference price 2 1.680 1.610 2.270 3.750 3.230 2.870
Announcement Date 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23 4/24/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 560.5 766.2 766 938.9 984 673.9
EBITDA 1 41.89 47.71 65.02 112.7 123.4 163.3
EBIT 1 30.77 34.84 52.95 101.4 112.6 153.9
Operating Margin 5.49% 4.55% 6.91% 10.8% 11.45% 22.84%
Earnings before Tax (EBT) 1 45.08 54.32 69.33 124.7 141.2 144.5
Net income 1 36.64 41.75 52.52 96.9 106 117.3
Net margin 6.54% 5.45% 6.86% 10.32% 10.77% 17.41%
EPS 2 0.1481 0.1688 0.2123 0.3861 0.4143 0.4583
Free Cash Flow 1 19.84 44.26 76.8 -7.229 104.8 110.6
FCF margin 3.54% 5.78% 10.03% -0.77% 10.65% 16.41%
FCF Conversion (EBITDA) 47.37% 92.78% 118.13% - 84.95% 67.7%
FCF Conversion (Net income) 54.15% 106.01% 146.23% - 98.89% 94.24%
Dividend per Share 2 0.1000 0.1100 0.1400 0.2000 0.2100 0.2300
Announcement Date 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23 4/24/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 169 200 268 267 362 451
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 19.8 44.3 76.8 -7.23 105 111
ROE (net income / shareholders' equity) 12.4% 13.4% 15.8% 25.1% 23.1% 22.7%
ROA (Net income/ Total Assets) 4.54% 4.63% 6.11% 10.2% 10.8% 14.2%
Assets 1 806.3 901 860.2 952.7 984.6 826.1
Book Value Per Share 2 1.190 1.250 1.350 1.650 1.870 2.120
Cash Flow per Share 2 0.1000 0.1400 0.2100 0.4200 0.7000 0.7900
Capex 1 20.8 9.96 3.89 13 4.83 2.86
Capex / Sales 3.7% 1.3% 0.51% 1.39% 0.49% 0.42%
Announcement Date 4/25/19 5/28/20 5/31/21 4/27/22 4/26/23 4/24/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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