SUNWAY CONSTRUCTION GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.3 MYR | +5.43% |
|
+4.76% | +70.10% |
| May. 21 | Sunway Construction's Profit, Revenue Rise in Q1 | MT |
| May. 20 | Sunway Construction Group Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,463 | 2,424 | 2,011 | 2,011 | 2,501 | 4,255 | - | - |
| Enterprise Value (EV) 1 | 2,056 | 2,525 | 2,150 | 2,011 | 2,845 | 4,839 | 4,644 | 4,372 |
| P/E ratio | 19.1 x | 33.3 x | 17.9 x | 14.9 x | 17.2 x | 23.5 x | 19.4 x | 17.5 x |
| Yield | 3.66% | 2.13% | 3.37% | - | 3.09% | 2.07% | 2.46% | 2.71% |
| Capitalization / Revenue | 1.39 x | 1.56 x | 1.16 x | 0.93 x | 0.94 x | 1.34 x | 1.17 x | 1.11 x |
| EV / Revenue | 1.16 x | 1.63 x | 1.24 x | 0.93 x | 1.07 x | 1.53 x | 1.28 x | 1.14 x |
| EV / EBITDA | 11.3 x | 20.4 x | 12.9 x | 9.57 x | 11.6 x | 17.1 x | 14.2 x | 12.5 x |
| EV / FCF | 11.4 x | 29.9 x | 10.6 x | - | -9.37 x | 72.2 x | 30.9 x | 20.1 x |
| FCF Yield | 8.74% | 3.34% | 9.46% | - | -10.7% | 1.38% | 3.24% | 4.97% |
| Price to Book | 3.95 x | 3.81 x | 2.88 x | - | 3.05 x | 4.7 x | 4.16 x | 3.68 x |
| Nbr of stocks (in thousands) | 1,289,359 | 1,289,359 | 1,289,359 | 1,289,359 | 1,289,359 | 1,289,359 | - | - |
| Reference price 2 | 1.910 | 1.880 | 1.560 | 1.560 | 1.940 | 3.300 | 3.300 | 3.300 |
| Announcement Date | 2/20/20 | 2/23/21 | 2/23/22 | 4/13/23 | 2/20/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,769 | 1,553 | 1,729 | 2,155 | 2,671 | 3,167 | 3,625 | 3,819 |
| EBITDA 1 | 181.3 | 124 | 166.8 | 210.3 | 245.3 | 283.7 | 327.9 | 350 |
| EBIT 1 | 141 | 90.52 | 139.4 | 186.5 | 224.3 | 254.1 | 295.5 | 320.6 |
| Operating Margin | 7.97% | 5.83% | 8.06% | 8.65% | 8.4% | 8.02% | 8.15% | 8.4% |
| Earnings before Tax (EBT) 1 | 157.4 | 101.1 | 152.2 | 184.1 | 188.6 | 231.1 | 281.8 | 308.2 |
| Net income 1 | 129.3 | 72.79 | 112.6 | 135.2 | 145.1 | 180.1 | 219.3 | 242.7 |
| Net margin | 7.31% | 4.69% | 6.51% | 6.27% | 5.43% | 5.69% | 6.05% | 6.36% |
| EPS 2 | 0.1002 | 0.0564 | 0.0873 | 0.1048 | 0.1125 | 0.1402 | 0.1703 | 0.1883 |
| Free Cash Flow 1 | 179.8 | 84.41 | 203.5 | - | -303.5 | 67 | 150.4 | 217.4 |
| FCF margin | 10.17% | 5.44% | 11.77% | - | -11.36% | 2.12% | 4.15% | 5.69% |
| FCF Conversion (EBITDA) | 99.18% | 68.09% | 121.98% | - | - | 23.62% | 45.86% | 62.13% |
| FCF Conversion (Net income) | 139.03% | 115.97% | 180.75% | - | - | 37.2% | 68.59% | 89.59% |
| Dividend per Share 2 | 0.0700 | 0.0400 | 0.0525 | - | 0.0600 | 0.0683 | 0.0813 | 0.0894 |
| Announcement Date | 2/20/20 | 2/23/21 | 2/23/22 | 4/13/23 | 2/20/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q4 | 2023 Q2 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|
| Net sales 1 | - | - | 871.5 | 604.8 |
| EBITDA 1 | - | - | 87.01 | 57.61 |
| EBIT 1 | 64.33 | - | 81.79 | 53.09 |
| Operating Margin | - | - | 9.39% | 8.78% |
| Earnings before Tax (EBT) | 56.31 | - | - | - |
| Net income | - | 33 | - | - |
| Net margin | - | - | - | - |
| EPS 2 | - | 0.0256 | 0.0382 | 0.0251 |
| Dividend per Share | - | - | 0.0300 | - |
| Announcement Date | 4/13/23 | 8/23/23 | 2/20/24 | 5/20/24 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 101 | 139 | - | 344 | 584 | 389 | 118 |
| Net Cash position 1 | 407 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.8135 x | 0.8336 x | - | 1.402 x | 2.059 x | 1.186 x | 0.3359 x |
| Free Cash Flow 1 | 180 | 84.4 | 204 | - | -304 | 67 | 150 | 217 |
| ROE (net income / shareholders' equity) | 21.3% | 11.6% | 16.9% | - | 18.6% | 20.5% | 22.7% | 22.1% |
| ROA (Net income/ Total Assets) | 7.04% | 3.72% | 5.97% | - | 5.46% | 5.47% | 6% | 5.93% |
| Assets 1 | 1,837 | 1,954 | 1,885 | - | 2,659 | 3,293 | 3,655 | 4,091 |
| Book Value Per Share 2 | 0.4800 | 0.4900 | 0.5400 | - | 0.6400 | 0.7000 | 0.7900 | 0.9000 |
| Cash Flow per Share 2 | 0.1500 | 0.0700 | 0.1800 | - | -0.2200 | 0.1100 | 0.0700 | 0.1800 |
| Capex 1 | 8.27 | 3.39 | 34.8 | - | 17.7 | 20.7 | 24.1 | 23.9 |
| Capex / Sales | 0.47% | 0.22% | 2.01% | - | 0.66% | 0.65% | 0.67% | 0.63% |
| Announcement Date | 2/20/20 | 2/23/21 | 2/23/22 | 4/13/23 | 2/20/24 | - | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
3.3
MYR
Average target price
3.345
MYR
Spread / Average Target
+1.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +70.10% | 860M | |
| -2.59% | 70.58B | |
| +0.17% | 57.39B | |
| +24.80% | 39.13B | |
| +16.63% | 32B | |
| +9.45% | 29.13B | |
| +17.61% | 21.31B | |
| +11.96% | 19.05B | |
| +74.53% | 17.59B | |
| +45.11% | 17.54B |
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