Company Valuation: Alset Capital

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 1.284 0.3887 1.184 0.4605 4.58 20.16
Change - -69.73% 204.58% -61.11% 894.76% 340.07%
Enterprise Value (EV) 1 3.423 1.886 1.022 0.6157 2.99 19.42
Change - -44.89% -45.8% -39.78% 385.56% 549.58%
P/E -2.42x 0.8x -7.44x -1.79x -0.46x -2.46x
PBR -0.5x -0.19x -4.78x -0.98x 0.63x 4.6x
PEG - -0x 0x -0x -0x 0.1x
Capitalization / Revenue 3,243x - - - -16.7x -8.07x
EV / Revenue 8,643x - - - -10.9x -7.78x
EV / EBITDA -5.62x -10.1x - - - -
EV / EBIT -5.62x -10.1x -13.9x -3.94x -0.56x -3.42x
EV / FCF -2.7x 54.2x -4.32x 34.8x -0.82x -16.5x
FCF Yield -37% 1.85% -23.1% 2.87% -122% -6.05%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -3.302 2.762 -0.121 -0.1951 -0.9759 -0.5287
Distribution rate - - - - - -
Net sales 1 0.000396 - - - -0.2742 -2.497
EBITDA 1 -0.6085 -0.186 - - - -
EBIT 1 -0.6085 -0.186 -0.0738 -0.1565 -5.298 -5.672
Net income 1 -0.5302 0.46 -0.149 -0.2567 -6.349 -7.026
Net Debt 1 2.138 1.498 -0.1616 0.1552 -1.591 -0.7382
Reference price 2 8.0000 2.2000 0.9000 0.3500 0.4500 1.3000
Nbr of stocks (in thousands) 161 177 1,316 1,316 10,179 15,506
Announcement Date 28/01/21 28/01/22 09/01/23 24/01/24 12/03/25 29/01/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.23x6.04x12.94x1.97% 180B
15.56x3.73x - 2.28% 169B
17.64x7.7x - 1.42% 110B
25.31x13.26x22.75x3.85% 83.31B
14.45x5.44x - 1.81% 53.11B
12.27x1.89x5.8x1.2% 49.41B
5.49x5.65x4.04x3.34% 38.42B
14.66x5.32x16.58x1.8% 34.17B
Average 15.83x 6.13x 12.42x 2.21% 89.72B
Weighted average by Cap. 17.54x 6.21x 13.58x 2.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA