Financials Freight Management Holdings

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
0.595 ^MYR	-0.83%		-.--%	-0.83%

Feb. 29	CMA CGM caps logistics push with $5 bln Bollore deal	RE
Feb. 23	FM Global Logistics' Profit Drops in Fiscal Q2	MT

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	167.5	141	407.7	301.6	315.5	332.3	-	-
Enterprise Value (EV) ¹	167.5	141	407.7	301.6	315.5	332.3	332.3	332.3
P/E ratio	12.3 x	11.7 x	15.1 x	6.62 x	7.51 x	9.92 x	7.44 x	7.44 x
Yield	5.83%	3.96%	4.11%	7.41%	7.08%	5.04%	6.72%	6.72%
Capitalization / Revenue	0.31 x	0.26 x	0.53 x	0.26 x	0.33 x	0.38 x	0.37 x	0.36 x
EV / Revenue	0.31 x	0.26 x	0.53 x	0.26 x	0.33 x	0.38 x	0.37 x	0.36 x
EV / EBITDA	3.82 x	2.9 x	6.17 x	3.22 x	3.26 x	4.05 x	3.46 x	3.36 x
EV / FCF	7.17 x	-	39.6 x	-	-	22.8 x	9.52 x	9.58 x
FCF Yield	14%	-	2.53%	-	-	4.39%	10.5%	10.4%
Price to Book	0.58 x	0.49 x	1.22 x	0.83 x	0.82 x	0.83 x	0.78 x	0.74 x
Nbr of stocks (in thousands)	558,445	558,445	558,445	558,445	558,445	558,445	-	-
Reference price ²	0.3000	0.2525	0.7300	0.5400	0.5650	0.5950	0.5950	0.5950
Announcement Date	8/21/19	8/24/20	8/19/21	8/22/22	8/23/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	545.4	551.6	763.4	1,153	948.4	884	897	913
EBITDA ¹	43.82	48.7	66.02	93.54	96.7	82	96	99
EBIT ¹	30.48	28.87	45.09	69.85	67.46	54	67	69
Operating Margin	5.59%	5.23%	5.91%	6.06%	7.11%	6.11%	7.47%	7.56%
Earnings before Tax (EBT) ¹	22.6	20.27	42.5	66.61	62.25	50	64	66
Net income ¹	13.6	12.04	27.04	45.58	42.01	35	44	45
Net margin	2.49%	2.18%	3.54%	3.95%	4.43%	3.96%	4.91%	4.93%
EPS ²	0.0244	0.0216	0.0484	0.0816	0.0752	0.0600	0.0800	0.0800
Free Cash Flow ¹	23.38	-	10.31	-	-	14.6	34.9	34.7
FCF margin	4.29%	-	1.35%	-	-	1.65%	3.89%	3.8%
FCF Conversion (EBITDA)	53.36%	-	15.61%	-	-	17.8%	36.35%	35.05%
FCF Conversion (Net income)	171.9%	-	38.12%	-	-	41.71%	79.32%	77.11%
Dividend per Share ²	0.0175	0.0100	0.0300	0.0400	0.0400	0.0300	0.0400	0.0400
Announcement Date	8/21/19	8/24/20	8/19/21	8/22/22	8/23/23	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	23.4	-	10.3	-	-	14.6	34.9	34.7
ROE (net income / shareholders' equity)	4.71%	4.16%	8.68%	12.7%	11.3%	8.8%	10.6%	10.4%
ROA (Net income/ Total Assets)	2.96%	-	5.12%	-	-	-	-	-
Assets ¹	459.4	-	528.2	-	-	-	-	-
Book Value Per Share ²	0.5200	0.5200	0.6000	0.6500	0.6900	0.7200	0.7600	0.8000
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	5.9	5.34	10.8	8.81	12	40	42	44
Capex / Sales	1.08%	0.97%	1.42%	0.76%	1.26%	4.52%	4.68%	4.82%
Announcement Date	8/21/19	8/24/20	8/19/21	8/22/22	8/23/23	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.595 MYR

Average target price

0.64 MYR

Spread / Average Target

+7.56%

	1st Jan change	Capi.
FREIGHT MANAGEMENT HOLDINGS	-0.83%	69.69M
KUEHNE UND NAGEL INTERNATIONAL AG	-15.91%	31.45B
DSV A/S	-16.44%	29.82B
PANALPINA WELTTRANSPORT (HOLDING) AG	-1.52%	6.34B
HYUNDAI GLOVIS CO., LTD.	-4.96%	4.93B
NIPPON EXPRESS HOLDINGS INC.	+0.67%	4.5B
COMPAGNIE DU CAMBODGE	+4.62%	4.07B
COMPAÑÍA DE DISTRIBUCIÓN INTEGRAL LOGISTA HOLDINGS, S.A.	+4.41%	3.6B
JIAYOU INTERNATIONAL LOGISTICS CO.,LTD	+60.78%	2.45B
KAMIGUMI CO., LTD.	+1.90%	2.3B