Financials Perak Transit

Equities

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-05-06 pm EDT			5-day change	1st Jan Change
0.71 ^MYR	0.00%		-3.40%	-6.58%

Apr. 15	Perak Transit Seeks Shareholder Nod to Renew Share Repurchase Authority	MT
Feb. 23	Perak Transit's Profit Rises in Q4	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	334.4	495.1	384	899.1	834.2	779.9	-	-
Enterprise Value (EV) ¹	334.4	695	384	1,186	834.2	509.4	281.9	54.02
P/E ratio	11.6 x	29.5 x	7.22 x	14.4 x	13.4 x	11.6 x	11.1 x	10.5 x
Yield	4.26%	0.96%	5.33%	2.42%	2.63%	3.32%	3.71%	3.86%
Capitalization / Revenue	2.69 x	4.15 x	2.77 x	5.26 x	4.82 x	3.59 x	3.56 x	3.43 x
EV / Revenue	2.69 x	5.82 x	2.77 x	6.94 x	4.82 x	2.34 x	1.29 x	0.24 x
EV / EBITDA	5.24 x	8.91 x	3.95 x	10.2 x	7.17 x	3.89 x	2.05 x	0.38 x
EV / FCF	-19,389,549 x	-11,265,439 x	31,673,828 x	-	-	-	-	-
FCF Yield	-0%	-0%	0%	-	-	-	-	-
Price to Book	1.01 x	2.64 x	0.76 x	1.48 x	1.27 x	1.09 x	0.99 x	0.91 x
Nbr of stocks (in thousands)	711,390	952,100	952,100	1,053,634	1,097,596	1,098,484	-	-
Reference price ²	0.4700	0.5200	0.4033	0.8533	0.7600	0.7100	0.7100	0.7100
Announcement Date	2/25/20	2/23/21	2/22/22	2/22/23	2/22/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	124.5	119.4	138.6	170.9	173.2	217.4	219	227.2
EBITDA ¹	63.83	78	97.26	116.2	116.4	130.9	137.6	143.5
EBIT ¹	51.55	62	76.66	94.43	94.63	112.3	114.8	121.4
Operating Margin	41.41%	51.93%	55.32%	55.25%	54.65%	51.66%	52.43%	53.42%
Earnings before Tax (EBT) ¹	40.92	49.02	67.81	83.65	81.23	91.35	96.45	101.9
Net income ¹	39.76	41.82	53.2	60.02	65.08	73.35	80.7	84.2
Net margin	31.94%	35.02%	38.39%	35.11%	37.58%	33.74%	36.84%	37.07%
EPS ²	0.0406	0.0176	0.0559	0.0591	0.0566	0.0610	0.0640	0.0675
Free Cash Flow	-17.24	-61.69	12.12	-	-	-	-	-
FCF margin	-13.85%	-51.67%	8.75%	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	12.47%	-	-	-	-	-
FCF Conversion (Net income)	-	-	22.79%	-	-	-	-	-
Dividend per Share ²	0.0200	0.005000	0.0215	0.0207	0.0200	0.0236	0.0263	0.0274
Announcement Date	2/25/20	2/23/21	2/22/22	2/22/23	2/22/24	-	-	-

¹MYR in Million²MYR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	200	-	287	-	-	-	-
Net Cash position ¹	-	-	-	-	-	271	498	726
Leverage (Debt/EBITDA)	-	2.563 x	-	2.471 x	-	-	-	-
Free Cash Flow	-17.2	-61.7	12.1	-	-	-	-	-
ROE (net income / shareholders' equity)	13%	7.4%	11%	11.1%	10.6%	10.8%	10.6%	10.2%
ROA (Net income/ Total Assets)	6.74%	6.02%	6.74%	6.52%	5.77%	5.2%	5.1%	4.9%
Assets ¹	589.8	694.9	789.1	919.9	1,128	1,411	1,582	1,718
Book Value Per Share ²	0.4600	0.2000	0.5300	0.5700	0.6000	0.6500	0.7100	0.7800
Cash Flow per Share ²	0.0700	0.0200	0.1100	0.1100	0.0900	0.0100	-0.1000	-
Capex ¹	87	119	93.3	190	244	59.2	136	52.8
Capex / Sales	69.92%	100.09%	67.34%	111.15%	140.67%	27.21%	62%	23.22%
Announcement Date	2/25/20	2/23/21	2/22/22	2/22/23	2/22/24	-	-	-

¹MYR in Million²MYR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.71 MYR

Average target price

0.9744 MYR

Spread / Average Target

+37.25%

	1st Jan change	Capi.
PERAK TRANSIT	-6.58%	165M
CENTRAL JAPAN RAILWAY COMPANY	-1.42%	23.13B
WEST JAPAN RAILWAY COMPANY	+7.97%	10.15B
INDIAN RAILWAY CATERING & TOURISM CORPORATION LIMITED	+11.94%	9.8B
TOKYU CORPORATION	+8.86%	7.24B
HANKYU HANSHIN HOLDINGS, INC.	-9.07%	6.41B
KEISEI ELECTRIC RAILWAY CO., LTD	-11.31%	6.22B
KINTETSU GROUP HOLDINGS CO.,LTD.	-11.83%	4.88B
SEIBU HOLDINGS INC.	+25.80%	4.78B
ODAKYU ELECTRIC RAILWAY CO., LTD.	-17.15%	4.12B