$OFB (0312.MY)$ see Chatgpt analysis to this IPO company==>T...
$OFB(0312.MY$ see Chatgpt analysis to this IPO company==>To evaluate Ocean Fresh Berhad's financial performance over the past few years and assess whether it is worth subscribing to their IPO, I have extracted key financial statements from the prospectus.
### Combined Statements of Financial Position
**Assets:**
- **Non-Current Assets:** Property, plant, and equipment have steadily increased from RM 7.16 million in 2020 to RM 9.93 million in 2023.
- **Current Assets:** Increased significantly from RM 41.28 million in 2020 to RM 52.99 million in 2023, with inventories and trade receivables being substantial components.
**Equity and Liabilities:**
- **Total Equity:** Grew from RM 25.46 million in 2020 to RM 45.36 million in 2023, indicating a solid increase in retained profits and overall equity.
- **Total Liabilities:** Remained relatively stable, with a slight increase from RM 22.98 million in 2020 to RM 17.69 million in 2023.
### Combined Statements of Profit or Loss and Other Comprehensive Income
**Revenue and Profit:**
- **Revenue:** Increased from RM 94.05 million in 2020 to RM 159.45 million in 2023.
- **Gross Profit:** Increased significantly from RM 9.22 million in 2020 to RM 21.09 million in 2023.
- **Profit Before Tax (PBT):** Grew from RM 2.44 million in 2020 to RM 6.99 million in 2023.
- **Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA):** Increased from RM 2.98 million in 2020 to RM 7.94 million in 2023.
### Financial Ratios and Other Indicators
- **Effective Tax Rate:** Calculated based on income tax expense divided by PBT.
- **Gross Profit Margin:** Improved from the prior years, indicating better cost management and pricing strategies.
- **Profitability Ratios:** PAT attributable to owners and PBT margins have shown a positive trend, reflecting improved operational efficiency and profitability.
### Conclusion
Based on the extracted financial data:
- Ocean Fresh Berhad has demonstrated consistent growth in revenue, gross profit, and net profit over the past four years.
- The company's equity has increased significantly, and liabilities have been managed effectively.
- Key profitability metrics indicate a strong performance, making it a potentially attractive investment for the IPO.
However, it is essential to consider the broader market conditions, industry trends, and potential risks before making a final decision. Consulting with a financial advisor for a comprehensive analysis tailored to your investment strategy is recommended.
### References
- Combined statements and financial information extracted from Ocean Fresh Berhad's prospectus【8:0†source】【8:1†source】【8:2†source】【8:3†source】【8:4†source】【8:5†source】.
2. PE Ratio ===>It seems like I can’t do more advanced data analysis right now. Please try again later.
However, you can calculate the PE ratio manually using the following steps:
1. **Determine the Net Profit (PAT) for 2023**: From the financial statements, let's assume it is RM 5.21 million.
2. **Determine the number of shares post-IPO**: According to the prospectus, let's assume it is 200,050,000 shares.
3. **Determine the IPO price per share**: Assume the IPO price is RM 0.28.
### Calculation:
1. **Calculate Earnings Per Share (EPS)**:
\[
\text{EPS} = \frac{\text{Net Profit}}{\text{Number of Shares}} = \frac{5,210,000}{200,050,000} \approx RM 0.026
\]
2. **Calculate the PE Ratio**:
\[
\text{PE Ratio} = \frac{\text{Market Price per Share}}{\text{EPS}} = \frac{0.28}{0.026} \approx 10.77
\]
So, the PE ratio is approximately 10.77.
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