Company Valuation: IOI Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,495 23,858 23,140 22,954 23,202 30,169 - -
Change - 1.54% -3.01% -0.8% 1.08% 30.03% - -
Enterprise Value (EV) 1 26,368 26,287 24,662 24,477 24,878 27,809 31,330 30,920
Change - -0.31% -6.18% -0.75% 1.64% 11.78% -0.23% -1.31%
P/E 16.9x 13.8x 20.8x 20.7x 15.3x 15.7x 18x 17.4x
PBR 2.35x 2.18x 2.04x 1.97x 1.89x 2x 2.14x 2.08x
PEG - 0.6x -0.6x -53.08x 0.4x 1.62x 1.4x 5.6x
Capitalization / Revenue 2.09x 1.53x 2x 2.39x 2.05x 2.25x 2.41x 2.35x
EV / Revenue 2.34x 1.69x 2.13x 2.55x 2.19x 2.36x 2.51x 2.41x
EV / EBITDA 16.8x 10.5x 12.9x 15.5x 14.2x 13.1x 13.8x 13.5x
EV / EBIT 21.8x 12.2x 16x 20.7x 18.4x 16.3x 17.5x 16.9x
EV / FCF 103x 19.2x 16.7x 43.1x 69.6x 30.5x 24.6x 22.9x
FCF Yield 0.97% 5.2% 5.99% 2.32% 1.44% 3.28% 4.07% 4.36%
Dividend per Share 2 0.105 0.14 0.11 0.095 0.105 0.125 0.1262 0.1372
Rate of return 2.79% 3.65% 2.95% 2.57% 2.81% 2.96% 2.63% 2.86%
EPS 2 0.2226 0.2774 0.1795 0.1788 0.2451 0.2689 0.2662 0.2745
Distribution rate 47.2% 50.5% 61.3% 53.1% 42.8% 46.5% 47.4% 50%
Net sales 1 11,252 15,579 11,584 9,604 11,335 11,779 12,501 12,851
EBITDA 1 1,572 2,512 1,915 1,577 1,754 2,127 2,269 2,296
EBIT 1 1,212 2,153 1,541 1,180 1,349 1,707 1,787 1,830
Net income 1 1,394 1,725 1,114 1,109 1,521 1,682 1,660 1,710
Net Debt 1 2,873 2,429 1,522 1,523 1,676 1,286 1,161 750.7
Reference price 2 3.760 3.840 3.730 3.700 3.740 4.790 4.790 4.790
Nbr of stocks (in thousands) 6,248,774 6,212,972 6,203,697 6,203,697 6,203,697 6,285,199 - -
Announcement Date 24/08/21 23/08/22 22/08/23 26/08/24 28/08/25 28/08/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.35x2.72x15.17x2.41% 7.4B
15.78x2.19x9.52x3.18% 10.54B
14.85x1.23x9.88x2.85% 5.52B
12.51x3.26x7.98x4.63% 5.41B
12.85x1.93x6.37x5.59% 2.68B
10.81x3.52x9.17x8.57% 2.54B
10.24x1.93x4.64x3.69% 1.29B
18.29x0.53x10.17x2.89% 1.24B
Average 14.46x 2.16x 9.11x 4.23% 4.58B
Weighted average by Cap. 15.41x 2.32x 10.08x 3.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation IOI Corporation
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