Company Valuation: Master-Pack Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 107.1 91.22 128.4 165.5 191.7 101
Change - -14.8% 40.72% 28.94% 15.84% -47.29%
Enterprise Value (EV) 1 79.59 55.55 76.92 93.63 107.5 17.39
Change - -30.21% 38.48% 21.72% 14.85% -83.83%
P/E 9.5x 6.31x 5.88x 6.72x 10.5x 21x
PBR 0.94x 0.72x 0.9x 0.98x 1.1x 0.59x
PEG - 0.2x 0.1x 0.5x -0.4x -0.3x
Capitalization / Revenue 0.75x 0.59x 0.8x 0.98x 1.23x 0.97x
EV / Revenue 0.56x 0.36x 0.48x 0.55x 0.69x 0.17x
EV / EBITDA 5.14x 2.68x 2.82x 3.06x 4.23x 2.01x
EV / EBIT 6.17x 3.07x 3.12x 3.45x 5.05x 3.65x
EV / FCF 3.5x 8.14x 5.2x 4.73x 5.3x 1.67x
FCF Yield 28.6% 12.3% 19.2% 21.1% 18.9% 60%
Dividend per Share 2 0.04 0.04 0.1 0.12 0.18 0.08
Rate of return 2.04% 2.4% 4.26% 3.96% 5.13% 4.32%
EPS 2 0.2064 0.2647 0.3998 0.4506 0.3331 0.0879
Distribution rate 19.4% 15.1% 25% 26.6% 54% 91%
Net sales 1 141.9 154 161 168.8 156.5 103.8
EBITDA 1 15.5 20.69 27.25 30.65 25.42 8.646
EBIT 1 12.9 18.1 24.64 27.13 21.28 4.768
Net income 1 11.28 14.46 21.84 24.61 18.19 4.802
Net Debt 1 -27.46 -35.67 -51.44 -71.87 -84.19 -83.66
Reference price 2 1.960 1.670 2.350 3.030 3.510 1.850
Nbr of stocks (in thousands) 54,620 54,620 54,620 54,620 54,620 54,620
Announcement Date 27/04/21 22/04/22 19/04/23 23/04/24 25/04/25 23/04/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21.41M
23.91x1.08x7.02x4.49% 21.39B
24.37x2.41x11.59x2.25% 20.93B
28.47x1.09x8.44x5.32% 17.87B
20.86x2.38x9.72x1.78% 6.48B
12.84x1.17x6.81x4.3% 4.92B
17.54x2.09x12.51x3.15% 4.64B
-45.22x0.82x8.39x2.15% 4.42B
18.27x1.31x8.45x2.63% 3.81B
13.47x1.02x6.84x4.25% 3.25B
Average 12.72x 1.48x 8.86x 3.37% 8.77B
Weighted average by Cap. 19.65x 1.55x 9.00x 3.63%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Master-Pack Group

Historical PBR trend

Valuation ratios - PBR - Master-Pack Group

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Master-Pack Group

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Master-Pack Group

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