Valuation PBA Holdings

Stocks

Delayed BURSA MALAYSIA 12:50:01 28/10/2026 +04			5-day change	1st Jan Change
2.030 ^MYR	0.00%		+3.57%	+7.41%

09-10	PBA Seeks Extension to Submit Bulk Water Purchase Circular	MT
08-28	PBA Unit Signs Build-Operate-Transfer Deal for Water Treatment Plant	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	286.3	274.7	251.6	483.3	741.4	625.6
Change	-	-4.05%	-8.43%	92.1%	53.42%	-15.63%
Enterprise Value (EV) ¹	424.4	375.8	299.6	478.7	684.6	595.2
Change	-	-11.45%	-20.29%	59.82%	43.01%	-13.07%
P/E	11.6x	7.48x	3.26x	14.1x	5.14x	5.46x
PBR	0.41x	0.37x	0.28x	0.52x	0.7x	0.54x
PEG	-	0.2x	0x	-0.3x	0x	-0.3x
Capitalization / Revenue	0.85x	0.82x	0.72x	1.14x	1.41x	1.1x
EV / Revenue	1.26x	1.12x	0.86x	1.13x	1.3x	1.05x
EV / EBITDA	3.95x	3.61x	2.89x	3.35x	3.02x	2.45x
EV / EBIT	9.51x	9.15x	7.26x	5.94x	4.34x	3.59x
EV / FCF	-256x	9.46x	4.73x	8.14x	17.5x	-23.1x
FCF Yield	-0.39%	10.6%	21.1%	12.3%	5.73%	-4.33%
Dividend per Share ²	0.0225	0.0225	0.03	0.035	0.045	0.05
Rate of return	2.6%	2.71%	3.95%	2.4%	2.01%	2.65%
EPS ²	0.0748	0.111	0.233	0.1038	0.4356	0.3461
Distribution rate	30.1%	20.3%	12.9%	33.7%	10.3%	14.4%
Net sales ¹	336.3	334.8	348	423.6	527.6	568.4
EBITDA ¹	107.4	104.2	103.8	143.1	226.8	243.1
EBIT ¹	44.63	41.1	41.28	80.55	157.6	165.7
Net income ¹	24.76	36.74	77.12	34.35	144.2	114.5
Net Debt ¹	138.1	101.1	47.99	-4.511	-56.78	-30.41
Reference price ²	0.865	0.830	0.760	1.460	2.240	1.890
Nbr of stocks (in thousands)	330,998	330,998	330,997	330,996	330,995	330,994
Announcement Date	30/04/21	29/04/22	28/04/23	30/04/24	30/04/25	30/04/26

¹MYR in Million²MYR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
PBA HOLDINGS	-	-	-	-	165M
AMERICAN WATER WORKS COMPANY, INC.	23x	7.99x	14.03x	2.51%	27.78B
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP	13.97x	5.18x	8.76x	3.54%	16.39B
UNITED UTILITIES GROUP PLC	15.78x	7.8x	13.05x	3.65%	15.01B
SEVERN TRENT PLC	19.68x	6.83x	13.73x	4%	13.08B
ESSENTIAL UTILITIES, INC.	19.01x	8.52x	14.93x	3.34%	12B
GUANGDONG INVESTMENT LIMITED	10.46x	2.89x	5.49x	6.21%	6.6B
EMIRATES CENTRAL COOLING SYSTEMS CORPORATION	14.45x	5.15x	10.75x	5.78%	4.17B
COMPANHIA DE SANEAMENTO DE MINAS GERAIS	14.99x	3.31x	8.51x	3.73%	3.53B
AMERICAN STATES WATER COMPANY	22.78x	-	-	2.48%	3.35B
Average	17.13x	5.96x	11.16x	3.92%	10.21B
Weighted average by Cap.	18.14x	6.78x	12.17x	3.55%