Company Valuation: CARO RINONPV

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 52.37 96.68 173.2 161.1 177.2 151.5
Change - 84.62% 79.17% -6.98% 10% -14.52%
Enterprise Value (EV) 1 27.04 77.4 147.5 130.7 146.3 77.21
Change - 186.2% 90.59% -11.4% 11.94% -47.23%
P/E 17.4x 24.3x 7.79x 6.76x 9.18x 8.88x
PBR 0.73x 1.34x 1.92x 1.61x 1.59x 0.95x
PEG - 0.7x 0x 0.93x -0.5x -0.3x
Capitalization / Revenue 0.65x 1.26x 1.7x 1.42x 1.69x 1.53x
EV / Revenue 0.34x 1.01x 1.45x 1.15x 1.4x 0.78x
EV / EBITDA 3.4x 8.41x 4.87x 3.69x 4.91x 3.08x
EV / EBIT 5.13x 11.1x 5.23x 3.95x 5.4x 3.45x
EV / FCF 0.91x 7.25x 9.53x 8.52x 8.99x 7.18x
FCF Yield 109% 13.8% 10.5% 11.7% 11.1% 13.9%
Dividend per Share 2 0.01 0.005 0.01 0.02 0.02 0.02
Rate of return 7.69% 2.08% 2.33% 5% 4.55% 6.45%
EPS 2 0.00745 0.009891 0.0552 0.0592 0.0479 0.0349
Distribution rate 134% 50.6% 18.1% 33.8% 41.7% 57.3%
Net sales 1 80.61 76.46 101.8 113.5 104.8 98.87
EBITDA 1 7.957 9.207 30.31 35.38 29.8 25.08
EBIT 1 5.271 6.95 28.22 33.07 27.1 22.35
Net income 1 3.001 3.984 22.23 23.85 19.3 15.67
Net Debt 1 -25.32 -19.28 -25.71 -30.44 -30.95 -74.31
Reference price 2 0.1300 0.2400 0.4300 0.4000 0.4400 0.3100
Nbr of stocks (in thousands) 402,826 402,826 402,826 402,826 402,826 488,759
Announcement Date 30/10/20 28/10/21 31/10/22 31/10/23 05/11/24 30/10/25
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 23.05M
25.6x3.79x13.41x3.48% 199B
51.25x6.25x26.09x0.73% 158B
29.86x2.84x19.02x0.77% 74.68B
45x2.89x11.23x1.33% 38.25B
21.08x3.8x15.22x1.11% 28.99B
21.48x1.47x8.22x4.31% 28.36B
17.83x2.47x10.96x2.01% 21.35B
29.1x1.69x14.34x-.--% 20.96B
13.31x1.62x6.76x5.01% 9.3B
Average 28.28x 2.98x 13.92x 2.08% 57.91B
Weighted average by Cap. 33.65x 4.01x 17.13x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation CARO RINONPV
-40%: Exceptional extension
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