Financials Kossan Rubber Industries

Equities

KOSSAN

MYL7153OO009

Medical Equipment, Supplies & Distribution

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-09 pm EDT 5-day change 1st Jan Change
2.4 MYR +4.80% Intraday chart for Kossan Rubber Industries +4.35% +29.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,320 11,498 4,899 2,807 4,720 6,124 - -
Enterprise Value (EV) 1 5,736 10,981 2,594 818.7 3,471 4,401 4,373 4,417
P/E ratio 23.7 x 10.6 x 1.72 x 17.9 x 330 x 41.8 x 33.4 x 26.4 x
Yield 1.44% 3.11% 25% 2.27% 1.08% 0.88% 1.08% 1.42%
Capitalization / Revenue 2.39 x 3.15 x 0.74 x 1.21 x 2.98 x 3.04 x 2.6 x 2.32 x
EV / Revenue 2.58 x 3.01 x 0.39 x 0.35 x 2.19 x 2.19 x 1.85 x 1.67 x
EV / EBITDA 15 x 7 x 0.66 x 2.38 x 18.4 x 15.6 x 12.6 x 10.7 x
EV / FCF 74.5 x 13.6 x 1.44 x -2.52 x 43.7 x 46.3 x 29.1 x 33.4 x
FCF Yield 1.34% 7.35% 69.4% -39.7% 2.29% 2.16% 3.44% 2.99%
Price to Book 3.73 x 4.84 x 1.22 x 0.72 x 1.23 x 1.56 x 1.5 x 1.46 x
Nbr of stocks (in thousands) 2,557,872 2,555,120 2,551,620 2,551,620 2,551,620 2,551,620 - -
Reference price 2 2.080 4.500 1.920 1.100 1.850 2.400 2.400 2.400
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,222 3,654 6,657 2,316 1,586 2,012 2,359 2,638
EBITDA 1 381.8 1,570 3,919 343.9 189 282.3 347.4 413.1
EBIT 1 290.6 1,460 3,804 217.3 72.85 161.6 219.2 278
Operating Margin 13.08% 39.95% 57.14% 9.38% 4.59% 8.03% 9.29% 10.54%
Earnings before Tax (EBT) 1 280.1 1,445 3,748 212.9 35.85 203.6 254 324.7
Net income 1 224.8 1,087 2,854 156.6 14.22 154 190.7 240.9
Net margin 10.12% 29.75% 42.86% 6.76% 0.9% 7.65% 8.09% 9.13%
EPS 2 0.0879 0.4250 1.118 0.0614 0.005600 0.0575 0.0718 0.0911
Free Cash Flow 1 76.95 807.3 1,799 -324.7 79.35 95.1 150.4 132.3
FCF margin 3.46% 22.1% 27.03% -14.02% 5% 4.73% 6.38% 5.01%
FCF Conversion (EBITDA) 20.15% 51.43% 45.91% - 41.97% 33.69% 43.3% 32.02%
FCF Conversion (Net income) 34.23% 74.26% 63.06% - 557.92% 61.77% 78.85% 54.9%
Dividend per Share 2 0.0300 0.1400 0.4800 0.0250 0.0200 0.0212 0.0260 0.0340
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q3 2023 Q1
Net sales 1 - - - 394.7
EBITDA - - - -
EBIT 1 - - - -18.63
Operating Margin - - - -4.72%
Earnings before Tax (EBT) 1 - - - -19.07
Net income 218.7 90.1 - -
Net margin - - - -
EPS 2 - 0.0353 0.009100 -0.009500
Dividend per Share - - - -
Announcement Date 2/17/22 4/27/22 11/2/22 4/27/23
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 415 - - - - - - -
Net Cash position 1 - 517 2,305 1,988 1,249 1,723 1,751 1,707
Leverage (Debt/EBITDA) 1.088 x - - - - - - -
Free Cash Flow 1 77 807 1,799 -325 79.3 95.1 150 132
ROE (net income / shareholders' equity) 16.4% 57.1% 88.9% 3.96% 0.37% 3.72% 4.74% 5.68%
ROA (Net income/ Total Assets) 10% 36.7% 65.7% 3.33% 0.33% 3.22% 3.99% 4.15%
Assets 1 2,239 2,965 4,342 4,700 4,259 4,786 4,786 5,805
Book Value Per Share 2 0.5600 0.9300 1.580 1.520 1.500 1.540 1.600 1.650
Cash Flow per Share 2 0.1200 0.3800 0.7900 -0.0900 0.0700 0.0600 0.1000 0.1200
Capex 1 221 172 214 100 95.8 127 124 205
Capex / Sales 9.96% 4.7% 3.22% 4.33% 6.04% 6.31% 5.28% 7.77%
Announcement Date 2/21/20 2/16/21 2/17/22 2/16/23 2/22/24 - - -
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
16
Last Close Price
2.4 MYR
Average target price
1.869 MYR
Spread / Average Target
-22.14%
Consensus
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