Company Valuation: MBM Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,251 1,282 1,657 2,412 2,037 1,876 - -
Change - 2.5% 29.27% 45.52% -15.56% -7.87% - -
Enterprise Value (EV) 1 1,013 1,282 1,476 2,199 1,809 1,439 1,357 1,273
Change - 26.51% 15.16% 48.96% -17.74% -20.45% -5.75% -6.15%
P/E 7.45x 4.55x 4.96x 7.24x 6.01x 5.8x 5.62x 5.46x
PBR 0.65x - 0.78x 1.08x 0.86x 0.75x 0.71x 0.67x
PEG - 0.1x 0.3x -16.3x 3.3x -1.25x 1.69x 1.94x
Capitalization / Revenue 0.82x 0.56x 0.69x 0.97x 0.8x 0.74x 0.73x 0.73x
EV / Revenue 0.66x 0.56x 0.61x 0.88x 0.71x 0.57x 0.53x 0.5x
EV / EBITDA 15.2x 10.4x 12.7x 25.2x 21.4x 18.2x 16.2x 15.3x
EV / EBIT 20.8x 12.2x 15.1x 31.8x 26.9x 23.3x 22.1x 21.3x
EV / FCF 2,688x - -52.7x 26.8x 178x 27.4x 37x 26.6x
FCF Yield 0.04% - -1.9% 3.73% 0.56% 3.65% 2.7% 3.75%
Dividend per Share 2 0.2 - 0.39 0.45 0.39 0.4652 0.4781 0.4738
Rate of return 6.25% - 9.2% 7.29% 7.49% 9.69% 9.96% 9.87%
EPS 2 0.4296 0.7203 0.8557 0.8519 0.8674 0.827 0.8546 0.8787
Distribution rate 46.6% - 45.6% 52.8% 45% 56.3% 55.9% 53.9%
Net sales 1 1,532 2,308 2,417 2,486 2,549 2,525 2,570 2,568
EBITDA 1 66.49 123.2 116.5 87.14 84.37 79.13 83.93 83.1
EBIT 1 48.81 104.9 97.62 69.22 67.22 61.7 61.44 59.78
Net income 1 167.9 281.6 334.5 333 339.1 326.6 334.1 343.3
Net Debt 1 -237.4 - -180.9 -212.4 -227.4 -437 -519.7 -603.1
Reference price 2 3.200 3.280 4.240 6.170 5.210 4.800 4.800 4.800
Nbr of stocks (in thousands) 390,888 390,888 390,888 390,888 390,888 390,888 - -
Announcement Date 25/02/22 20/02/23 28/02/24 27/02/25 27/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.8x0.57x18.19x9.69% 459M
8.45x0.09x0.89x-.--% 5.51B
-1.67x-0.06x-0.62x-.--% 736M
12.17x0.63x5.36x-.--% 149M
Average 6.19x 0.31x 5.96x 2.42% 1.71B
Weighted average by Cap. 7.27x 0.12x 1.99x 0.65%

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 MBM Resources
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