Financials Zhulian Corporation

Equities

ZHULIAN

MYL5131OO007

Apparel & Accessories

End-of-day quote BURSA MALAYSIA 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
1.38 MYR -0.72% Intraday chart for Zhulian Corporation -2.13% -14.81%

Valuation

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Capitalization 1 598 671.6 703.8 851 846.4 841.8
Enterprise Value (EV) 1 448.4 480.2 512.2 616.4 645.8 686.5
P/E ratio 11.4 x 13.6 x 15 x 20.4 x 22.1 x 28.8 x
Yield 6.15% 5.48% 7.84% 6.49% 6.52% 6.56%
Capitalization / Revenue 3.26 x 3.94 x 4.12 x 5.69 x 6.22 x 6.36 x
EV / Revenue 2.45 x 2.81 x 3 x 4.12 x 4.74 x 5.19 x
EV / EBITDA 8.76 x 10.1 x 9.44 x 15.2 x 11.7 x 23.1 x
EV / FCF 11.5 x 8.11 x 11.9 x 18 x 15.9 x 35 x
FCF Yield 8.69% 12.3% 8.37% 5.55% 6.3% 2.86%
Price to Book 1.01 x 1.09 x 1.2 x 1.57 x 1.68 x 1.82 x
Nbr of stocks (in thousands) 460,000 460,000 460,000 460,000 460,000 460,000
Reference price 2 1.300 1.460 1.530 1.850 1.840 1.830
Announcement Date 3/28/19 3/27/20 3/29/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net sales 1 183.4 170.6 170.7 149.6 136.2 132.4
EBITDA 1 51.2 47.44 54.25 40.56 55.08 29.68
EBIT 1 39.55 36.84 45.77 32.24 47.72 23.89
Operating Margin 21.56% 21.59% 26.82% 21.55% 35.05% 18.05%
Earnings before Tax (EBT) 1 62.39 63.48 59.56 51.52 50.87 37.03
Net income 1 52.36 49.52 46.77 41.64 38.31 29.24
Net margin 28.55% 29.02% 27.4% 27.83% 28.14% 22.09%
EPS 2 0.1138 0.1077 0.1017 0.0905 0.0833 0.0636
Free Cash Flow 1 38.98 59.22 42.86 34.22 40.7 19.64
FCF margin 21.26% 34.71% 25.11% 22.87% 29.89% 14.83%
FCF Conversion (EBITDA) 76.13% 124.82% 79.01% 84.38% 73.9% 66.15%
FCF Conversion (Net income) 74.45% 119.58% 91.64% 82.2% 106.24% 67.16%
Dividend per Share 2 0.0800 0.0800 0.1200 0.1200 0.1200 0.1200
Announcement Date 3/28/19 3/27/20 3/29/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: November 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 150 191 192 235 201 155
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 39 59.2 42.9 34.2 40.7 19.6
ROE (net income / shareholders' equity) 8.91% 8.19% 7.79% 7.38% 7.32% 6.05%
ROA (Net income/ Total Assets) 3.97% 3.59% 4.44% 3.32% 5.27% 2.84%
Assets 1 1,319 1,378 1,054 1,255 727 1,031
Book Value Per Share 2 1.290 1.340 1.270 1.180 1.100 1.000
Cash Flow per Share 2 0.3200 0.4200 0.4200 0.5100 0.4400 0.3400
Capex 1 1.32 1.36 2.18 1.75 0.58 1.52
Capex / Sales 0.72% 0.79% 1.28% 1.17% 0.42% 1.15%
Announcement Date 3/28/19 3/27/20 3/29/21 3/29/22 3/29/23 3/27/24
1MYR in Million2MYR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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