EVERGREEN FIBREBOARD BHD

KLSE (MYR): EVERGRN (5101)

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Last Price

0.295

Today's Change

-0.02 (6.35%)

Day's Change

0.29 - 0.305

Trading Volume

1,969,600


7 people like this.

11,510 comment(s). Last comment by Tanleechoo 1 day ago

scaniaz

319 posts

Posted by scaniaz > 2022-11-24 09:48 | Report Abuse

Jom!! :D

Posted by sense maker > 2022-12-07 12:58 | Report Abuse

From the latest quarterly results, the company biz and profits remained good. Maybe slowdown has yet to set in, but when it comes it should be mild and swift in passing. Going forward, this company generates RM150m operating cash flow a year with insignificant capex, now selling to you for RM360m. This company should be trading at around RM1b market capitalisation or RM1.18 per share, now that it has expanded its downstream biz, started moving its fibreboard manufacturing to Indonesia and completed internal cost structure rationalisation. The current share price looks very appealing.

firehawk

4,769 posts

Posted by firehawk > 2022-12-31 20:22 | Report Abuse

2 Comment on Material Change in Profit Before Taxation Against Preceding Quarter
Current / Immediate Quarter Preceding /Quarter Changes
30-Sep-22 30-Jun-22 RM’000 RM’000 %
Revenue 253,532 330,111 -23.2%
Operating Profit 60,518 89,654 -32.5%
Profit/(Loss) Before Interest and Tax 20,968 24,341 -13.9%
Profit/(Loss) Before Tax 19,537 23,127 -15.5%
Profit/(Loss) After Tax 15,203 18,339 -17.1%
Profit/(Loss) Attributable to Owners of the Company 15,203 18,339 -17.1%

The current quarter revenue decreased by 23.2% to RM253.53 million, as
compared to RM330.11 million recorded in the preceding quarter. The decrease in
revenue was mainly resulted from lower average selling price and sales volume
from panel boards.
The Group’s profit before tax was reported at RM19.54 million for the current
quarter, compared to RM23.13 million recorded in the preceding quarter. The
decrease in profit before tax was mainly due to lower sales.

Posted by Jeremy_Chew > 2023-01-06 12:18 | Report Abuse

@sense maker, i agree with you. EVERGREEN is one of the most under-rated companies in Bursa. It can make around 8sen EPS in a full year and just do a simple valuation at PE of 10, it should at least worth 80sen in the share price. Buying the share at below 40sen has huge potential to make great return up to 100% return

Posted by sense maker > 2023-01-06 17:34 | Report Abuse

Look at the total cash flow, the cash profits and EBITDA it generates each year, not just earnings or PE. Depreciation expense a year which is non-cash is RM0.09 a year. Look at how its cash balance grew over past years, and into future when capex needs diminish. Keep accumulating and hold tight till RM1.

Posted by sense maker > 2023-02-27 20:16 | Report Abuse

RM60m impairments and write-offs at year end. Excluding the foregoings, the company broke even ie didn’t make or lose any cash from operations in latest quarter. Orders have shrunk a lot amidst falling selling prices. The company’s return to positive accounting profits depends entirely on recovery of global furniture demand.

Posted by sense maker > 2023-02-27 20:17 | Report Abuse

The company generated RM116m operating cash in 2022, an improvement of RM5m over 2021. Shareholders would hope 2021 dividend of RM0.015 will be maintained for 2022, to be announced in Apr 2023.

firehawk

4,769 posts

Posted by firehawk > 2023-02-27 21:10 | Report Abuse

Q4,2022,
The Group’s revenue for the quarter ended 31 December 2022 decreased by 33.1%
or RM95.17 million to RM192.32 million from RM287.49 million recorded in the
preceding year corresponding quarter. The decrease in revenue was mainly resulted
from lower average selling price and sales volume.
Loss before tax was reported at RM74.15 for the quarter ended 31 December 2022 as
compared to profit before tax of RM15.49 million recorded in the corresponding
quarter of the preceding year. The loss was mainly due to lower foreign exchange
gain and non-cash losses such as impairment of plant, machinery, inventory and
goodwill and loss on disposal of AOC as explained in Malaysia segment and
Thailand segment above.

firehawk

4,769 posts

Posted by firehawk > 2023-02-27 21:21 | Report Abuse

For prudent investors, can just check the Quarterly Revenue of the last 10 years, you will find something very interesting .......

Jack King

77 posts

Posted by Jack King > 2023-03-04 14:00 | Report Abuse

Buy this share at low price now.

Posted by sense maker > 2023-03-04 16:51 | Report Abuse

31 sen is cigarette-butt price. Demand for its products will recover after a quarter or two. In 2022, this company still made RM116m operating cash. In 2023, maybe just RM20-30m. But in 2024, it should rise to around RM80-90m. Buy when others are fearful.

curiousq

649 posts

Posted by curiousq > 2023-03-07 09:39 | Report Abuse

Yes! Is very cheap now!! No need to afraid, just buy! sifu already said, 31 sen is cigarette-butt price .... Buy when others are fearful. buy anything below 0.40 .... BUY NOW!!!

blueblues

24 posts

Posted by blueblues > 2023-03-09 17:44 | Report Abuse

Hi, with today's closing at 0.29, any situ got any comments or advice?

Posted by sense maker > 2023-03-09 19:08 | Report Abuse

A lot depends on whether the company will manage shareholders’ expectation by giving dividend of at least 1-1.5sen, to be announced by end of next month. If it can give 5% yield at current market price, most shareholders will support and won’t sell their shares.

Q4 2022 struck the company very hard as some inventories in hand were sold subsequently at a loss, triggering some inventory impairment. This shows the company’s biz model isn’t very resilient and is subject to huge fluctuations in their product demand. The coming quarterly results in May are important as shareholders would like to see that the company at least stop bleeding operating cash, ie sustaining net losses of less than RM17m. The slowdown in order is very severe but the moment the company can guide via prospect commentary that recovery is insight, the share price will recover in tandem. But this company’s share always moved way before quarterly results announcement, so you may wanna give this company at least 2 more quarters before it can return to profitability.

Posted by sense maker > 2023-03-30 14:45 | Report Abuse

Price is recovering. Though next two quarterly results will likely be bad, recovery can be expected in Q4 2023.

alibiii

141 posts

Posted by alibiii > 2023-03-31 17:00 | Report Abuse

actually most of the losses/impairment are non-cash items. the cash/debt position for the company is actually improving this year

alibiii

141 posts

Posted by alibiii > 2023-03-31 17:04 | Report Abuse

net debt now only about 30mil compared with nearly 130mil 3 years ago

UnicornP

2,741 posts

Posted by UnicornP > 2023-05-31 19:36 | Report Abuse

Improvement in sales seen in upcoming quarters.. How?

Posted by Newplayer01 > 2023-06-02 22:05 | Report Abuse

Hope this counter can wake up

UnicornP

2,741 posts

Posted by UnicornP > 2023-06-12 13:29 | Report Abuse

🔊

UnicornP

2,741 posts

Posted by UnicornP > 2023-06-14 11:39 | Report Abuse

alibiii

141 posts

Posted by alibiii > 2023-06-16 10:09 | Report Abuse

net debt now less than 20mil, probably will be net cash by end of the year

UnicornP

2,741 posts

Posted by UnicornP > 2023-06-16 11:43 | Report Abuse

A lot of potential until the next four months.

UnicornP

2,741 posts

Posted by UnicornP > 2023-07-06 20:23 | Report Abuse

Watch out for tomorrow

UnicornP

2,741 posts

Posted by UnicornP > 2023-07-20 14:13 | Report Abuse

Getting some @ 285

Posted by Newplayer01 > 2023-08-15 14:58 | Report Abuse

Oh god, finally my baby wake up😆😆

Mak_kiah

621 posts

Posted by Mak_kiah > 2023-08-15 22:13 | Report Abuse

Come on baby

Posted by Newplayer01 > 2023-08-15 23:48 | Report Abuse

Sabar dulu🤣🤣 Party baru nak start🥳🥳🥳

ahyen10

68 posts

Posted by ahyen10 > 2023-08-16 16:28 | Report Abuse

Ini kalilah..

Jack King

77 posts

Posted by Jack King > 2023-08-16 17:35 | Report Abuse

You had been told.

Posted by Newplayer01 > 2023-08-17 11:29 | Report Abuse

You all so naughty, sembelih my baby.

Posted by bapak_koko > 2023-08-17 12:12 | Report Abuse

no more show 😪

Jack King

77 posts

Posted by Jack King > 2023-09-07 17:01 | Report Abuse

Must buy

Posted by DividendGuy67 > 2023-09-07 22:41 | Report Abuse

Personally, I wouldn't chase. I am selling into strength, because my hypothesis is:
- Last time Aug 2020 (Covid), after downtrending and after breaking out above the 200dMA, it zoomed up without much retracement, so ...
- This time, alternation principle i.e. same conditions, it will retrace back strongly ...

Market rarely repeats, but rhymes.

I will buy back when it retraces.

sengtan

185 posts

Posted by sengtan > 2023-09-26 11:18 | Report Abuse

Wonder any reason for today's spike in share price

Jack King

77 posts

Posted by Jack King > 2023-09-26 16:53 | Report Abuse

World market for timber products is going up.

Mak_kiah

621 posts

Posted by Mak_kiah > 2023-10-12 09:40 | Report Abuse

alright alright.

berfikir

408 posts

Posted by berfikir > 2023-10-20 11:17 | Report Abuse

buy some...look something nice

Dehcomic01

286 posts

Posted by Dehcomic01 > 2023-10-21 09:03 | Report Abuse

There are several product categories under the timber/wood-based products sector. The common characteristics is that they all use timber/logs as the ultimate raw materials and would be considered a cyclical sector. I screen for companies in this sector by looking at their performance relative to Eksons and Taann where I have detailed fundamental analysis. In this context, I would not consider EVERGRN past few years ROE to be better than those of Eksons. I have concluded that Eksons is a cash holding value trap so I would not dig deeper into EVERGRN

emiteno

13 posts

Posted by emiteno > 2 months ago | Report Abuse

RECOVERY MODE...

Jack King

77 posts

Posted by Jack King > 2 months ago | Report Abuse

Up and coming!

Tanleechoo

268 posts

Posted by Tanleechoo > 2 months ago | Report Abuse

Sleeping 😴

mkmk

1,512 posts

Posted by mkmk > 1 month ago | Report Abuse

japan earthquake will push it up...

Stead

162 posts

Posted by Stead > 1 month ago | Report Abuse

No sign of substantial improvement… but 1 sen dividend can be expected

Blue Tulip

251 posts

Posted by Blue Tulip > 1 month ago | Report Abuse

EPS for the coming earnings will definitely improve by leaps and bounds.

mkmk

1,512 posts

Posted by mkmk > 1 month ago | Report Abuse

Time to go up…

sengtan

185 posts

Posted by sengtan > 6 days ago | Report Abuse

may be in anticipation of a good set of quarterly result next week

Tanleechoo

268 posts

Posted by Tanleechoo > 1 day ago | Report Abuse

🥺disappointed qtr for us ! Nil dividend

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