Financials Raffles Education Limited

Equities

NR7

SG2C97968151

Professional & Business Education

Market Closed - Singapore S.E. 05:04:55 2024-05-03 am EDT 5-day change 1st Jan Change
0.046 SGD +2.22% Intraday chart for Raffles Education Limited +2.22% -11.54%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 238.5 114.4 159.9 235.8 86.86 78.68
Enterprise Value (EV) 1 565.2 467.3 461.3 540.1 320.9 306.3
P/E ratio 19.2 x 2.85 x -9.74 x 14.4 x 9.04 x -14.8 x
Yield - - - - - -
Capitalization / Revenue 2.46 x 1.17 x 1.59 x 2.41 x 0.82 x 0.71 x
EV / Revenue 5.84 x 4.78 x 4.59 x 5.53 x 3.05 x 2.76 x
EV / EBITDA 133 x 37.4 x 37.4 x 71.6 x -222 x 11 x
EV / FCF -20.6 x 39.4 x -7.56 x -31.3 x 8.73 x -4.44 x
FCF Yield -4.86% 2.54% -13.2% -3.2% 11.5% -22.5%
Price to Book 0.38 x 0.18 x 0.26 x 0.35 x 0.13 x 0.13 x
Nbr of stocks (in thousands) 1,378,657 1,378,657 1,378,657 1,378,657 1,378,657 1,380,397
Reference price 2 0.1730 0.0830 0.1160 0.1710 0.0630 0.0570
Announcement Date 10/11/18 10/14/19 10/8/20 10/8/21 10/3/22 10/10/23
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 96.83 97.85 100.5 97.73 105.4 110.9
EBITDA 1 4.242 12.48 12.33 7.547 -1.445 27.97
EBIT 1 -7.615 -0.91 -1.089 -8.743 -19.67 10.63
Operating Margin -7.86% -0.93% -1.08% -8.95% -18.66% 9.58%
Earnings before Tax (EBT) 1 42.42 28.06 -7.37 29.88 22.39 -1.861
Net income 1 10.67 40.21 -16.43 16.39 9.612 -5.305
Net margin 11.02% 41.09% -16.35% 16.77% 9.12% -4.78%
EPS 2 0.009000 0.0292 -0.0119 0.0119 0.006972 -0.003846
Free Cash Flow 1 -27.46 11.85 -61.05 -17.28 36.78 -69.03
FCF margin -28.36% 12.11% -60.76% -17.68% 34.91% -62.25%
FCF Conversion (EBITDA) - 94.94% - - - -
FCF Conversion (Net income) - 29.47% - - 382.67% -
Dividend per Share - - - - - -
Announcement Date 10/11/18 10/14/19 10/8/20 10/8/21 10/3/22 10/10/23
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 327 353 301 304 234 228
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 77.02 x 28.27 x 24.44 x 40.33 x -162 x 8.137 x
Free Cash Flow 1 -27.5 11.9 -61 -17.3 36.8 -69
ROE (net income / shareholders' equity) 3.36% 5.77% -2.08% 2.27% 0.99% -1.21%
ROA (Net income/ Total Assets) -0.38% -0.05% -0.06% -0.43% -0.92% 0.55%
Assets 1 -2,789 -88,575 29,176 -3,833 -1,041 -970.7
Book Value Per Share 2 0.4500 0.4600 0.4500 0.4900 0.4900 0.4300
Cash Flow per Share 2 0.0300 0.0300 0.0300 0.0600 0.0500 0.0400
Capex 1 23.2 49.2 19.5 27.2 32.5 16.3
Capex / Sales 23.97% 50.29% 19.43% 27.88% 30.8% 14.73%
Announcement Date 10/11/18 10/14/19 10/8/20 10/8/21 10/3/22 10/10/23
1SGD in Million2SGD
Estimates
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