PETRONAS CHEMICALS GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.09 MYR | +1.29% |
|
+2.90% | -0.98% |
| Feb. 27 | Petronas Chemicals' Profit Plunges in Q4 as Revenue Drops | MT |
| Feb. 27 | Petronas Chemicals Shares Fall After Analysts Express Doubts on Outlook | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 58,800 | 59,440 | 71,360 | 68,800 | 57,280 | 56,720 | - | - |
| Enterprise Value (EV) 1 | 49,335 | 49,913 | 58,820 | 64,443 | 53,144 | 48,969 | 47,495 | 45,610 |
| P/E ratio | 21 x | 37.2 x | 9.7 x | 10.9 x | 34.1 x | 20.5 x | 17.3 x | 15.2 x |
| Yield | 2.45% | 1.62% | 5.16% | 4.77% | 1.82% | 2.7% | 3.31% | 3.61% |
| Capitalization / Revenue | 3.59 x | 4.14 x | 3.1 x | 2.38 x | 2 x | 1.89 x | 1.76 x | 1.7 x |
| EV / Revenue | 3.01 x | 3.48 x | 2.55 x | 2.23 x | 1.85 x | 1.63 x | 1.47 x | 1.37 x |
| EV / EBITDA | 11.1 x | 14.2 x | 7.1 x | 7.97 x | 14 x | 9.72 x | 7.98 x | 7.25 x |
| EV / FCF | 15.5 x | 32.4 x | 8.85 x | 10.4 x | 19.2 x | 13.4 x | 11.5 x | 11.2 x |
| FCF Yield | 6.47% | 3.08% | 11.3% | 9.57% | 5.21% | 7.48% | 8.7% | 8.96% |
| Price to Book | 1.96 x | 1.95 x | 2.04 x | 1.76 x | 1.42 x | 1.37 x | 1.32 x | 1.29 x |
| Nbr of stocks (in thousands) | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | - | - |
| Reference price 2 | 7.350 | 7.430 | 8.920 | 8.600 | 7.160 | 7.090 | 7.090 | 7.090 |
| Announcement Date | 2/26/20 | 2/23/21 | 2/24/22 | 2/23/23 | 2/26/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,370 | 14,362 | 23,025 | 28,953 | 28,667 | 30,009 | 32,263 | 33,345 |
| EBITDA 1 | 4,448 | 3,523 | 8,287 | 8,090 | 3,796 | 5,037 | 5,955 | 6,288 |
| EBIT 1 | 3,240 | 2,200 | 7,010 | 6,634 | 2,156 | 2,827 | 3,491 | 3,644 |
| Operating Margin | 19.79% | 15.32% | 30.45% | 22.91% | 7.52% | 9.42% | 10.82% | 10.93% |
| Earnings before Tax (EBT) 1 | 3,155 | 1,857 | 7,710 | 6,733 | 2,110 | 3,131 | 3,725 | 4,308 |
| Net income 1 | 2,811 | 1,628 | 7,345 | 6,327 | 1,696 | 2,745 | 3,325 | 3,797 |
| Net margin | 17.17% | 11.34% | 31.9% | 21.85% | 5.92% | 9.15% | 10.31% | 11.39% |
| EPS 2 | 0.3500 | 0.2000 | 0.9200 | 0.7900 | 0.2100 | 0.3464 | 0.4098 | 0.4650 |
| Free Cash Flow 1 | 3,193 | 1,539 | 6,647 | 6,168 | 2,767 | 3,663 | 4,131 | 4,086 |
| FCF margin | 19.51% | 10.72% | 28.87% | 21.3% | 9.65% | 12.2% | 12.8% | 12.25% |
| FCF Conversion (EBITDA) | 71.79% | 43.68% | 80.21% | 76.24% | 72.89% | 72.71% | 69.37% | 64.97% |
| FCF Conversion (Net income) | 113.59% | 94.53% | 90.5% | 97.49% | 163.15% | 133.41% | 124.24% | 107.61% |
| Dividend per Share 2 | 0.1800 | 0.1200 | 0.4600 | 0.4100 | 0.1300 | 0.1915 | 0.2345 | 0.2561 |
| Announcement Date | 2/26/20 | 2/23/21 | 2/24/22 | 2/23/23 | 2/26/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 5,766 | 6,976 | 6,634 | 6,583 | - | 7,032 | 8,704 | - | 7,113 | - | 6,784 | 7,213 | 7,587 | 7,587 | 7,587 | 7,587 | - |
| EBITDA 1 | 1,459 | 3,849 | 2,113 | 2,325 | - | 1,968 | 4,390 | 1,960 | - | 1,083 | 1,058 | 2,141 | 1,000 | - | 1,403 | - | - | - | - |
| EBIT 1 | - | - | 1,781 | 1,970 | 2,097 | 1,876 | - | - | 620 | - | 702 | - | 606 | 256 | 751.5 | 751.5 | 751.5 | 751.5 | - |
| Operating Margin | - | - | 30.89% | 28.24% | 31.61% | 28.5% | - | - | 7.12% | - | 9.87% | - | 8.93% | 3.55% | 9.91% | 9.91% | 9.91% | 9.91% | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | 240 | 590 | - | - | - | - |
| Net income 1 | - | - | 1,964 | 2,060 | 2,076 | 1,869 | - | 1,895 | - | 532 | 628 | 1,160 | 424 | 112 | 321 | - | - | - | - |
| Net margin | - | - | 34.06% | 29.53% | 31.29% | 28.39% | - | 26.95% | - | - | 8.83% | - | 6.25% | 1.55% | 4.23% | - | - | - | - |
| EPS | - | - | 0.2500 | 0.2600 | 0.2600 | 0.2300 | - | 0.2400 | - | 0.0700 | - | - | - | 0.0100 | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | 0.2300 | - | 0.2500 | - | - | 0.2400 | - | - | - | - | - | - | - | - | 0.1788 | - |
| Announcement Date | 8/19/20 | 8/25/21 | 11/22/21 | 2/24/22 | 5/27/22 | 8/22/22 | 8/22/22 | 11/25/22 | 2/23/23 | 5/29/23 | 8/22/23 | 8/22/23 | 11/28/23 | 2/26/24 | - | - | - | - | - |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 9,465 | 9,527 | 12,540 | 4,357 | 4,136 | 7,751 | 9,225 | 11,110 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3,193 | 1,539 | 6,647 | 6,168 | 2,767 | 3,663 | 4,131 | 4,086 |
| ROE (net income / shareholders' equity) | 9.45% | 5.39% | 22.4% | 17.1% | 4.4% | 6.39% | 7.97% | 7.66% |
| ROA (Net income/ Total Assets) | 7.38% | 4.14% | 17% | 12.4% | 3.03% | 5.21% | 6.14% | 6.22% |
| Assets 1 | 38,114 | 39,346 | 43,219 | 50,942 | 56,034 | 52,661 | 54,132 | 61,011 |
| Book Value Per Share 2 | 3.740 | 3.810 | 4.380 | 4.890 | 5.050 | 5.160 | 5.380 | 5.490 |
| Cash Flow per Share 2 | 0.6900 | 0.3800 | 1.020 | 1.010 | 0.6400 | 0.5400 | 0.6900 | 0.7000 |
| Capex 1 | 2,351 | 1,476 | 1,538 | 1,881 | 2,352 | 1,884 | 1,744 | 1,681 |
| Capex / Sales | 14.36% | 10.28% | 6.68% | 6.5% | 8.2% | 6.28% | 5.4% | 5.04% |
| Announcement Date | 2/26/20 | 2/23/21 | 2/24/22 | 2/23/23 | 2/26/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
18
Last Close Price
7.09
MYR
Average target price
6.428
MYR
Spread / Average Target
-9.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.98% | 12.11B | |
| +4.35% | 105B | |
| -5.99% | 62.52B | |
| +72.86% | 49.08B | |
| +16.94% | 38.99B | |
| +5.28% | 32.59B | |
| +14.48% | 20.6B | |
| +15.10% | 17.19B | |
| +18.07% | 15.13B | |
| +4.83% | 14.36B |
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- Financials PETRONAS Chemicals Group
