Company Valuation: Sentral REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 970 959.2 938.5 950.4 950.4 735.2 - -
Change - -1.1% -2.17% 1.27% 0% -22.64% - -
Enterprise Value (EV) 1 1,682 1,684 2,016 2,032 2,081 1,795 1,791 1,785
Change - 0.11% 19.73% 0.78% 2.41% -13.75% -0.24% -0.32%
P/E 13.8x 18.3x 11.6x 12.1x 16.2x 9x 8.74x 8.7x
PBR 0.74x 0.74x 0.69x 0.69x 0.69x 0.55x 0.52x 0.52x
PEG - -0.7x 0.3x -5.44x -0.6x 0.2x 2.99x 18x
Capitalization / Revenue 6.04x 6.44x 5.82x 4.97x 5.02x 3.74x 3.59x 3.54x
EV / Revenue 10.5x 11.3x 12.5x 10.6x 11x 9.12x 8.74x 8.6x
EV / EBITDA 15.5x 16.7x 18.3x 15.3x 16.4x 14x 13.3x 13x
EV / EBIT 15.6x 16.8x 18.3x 15.3x 16.4x 14x 13.3x 13x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0741 0.0682 0.0668 0.0636 0.0615 0.0627 0.0677 0.0677
Rate of return 8.19% 7.62% 8.51% 8% 7.74% 10.2% 11% 11%
EPS 2 0.0655 0.0488 0.0674 0.0659 0.049 0.0683 0.0703 0.0707
Distribution rate 113% 140% 99.1% 96.5% 126% 91.7% 96.2% 95.8%
Net sales 1 160.6 148.9 161.2 191.1 189.4 196.7 204.9 207.5
EBITDA 1 108.3 100.6 110.3 133.1 126.5 128 135 137
EBIT 1 108.1 100.5 110.3 133.1 126.5 128 135 137
Net income 1 70.25 52.27 72.71 78.81 58.64 80.13 85 85.87
Net Debt 1 712.1 724.7 1,078 1,082 1,131 1,060 1,055 1,050
Reference price 2 0.9050 0.8950 0.7850 0.7950 0.7950 0.6150 0.6150 0.6150
Nbr of stocks (in thousands) 1,071,783 1,071,783 1,195,503 1,195,503 1,195,503 1,195,503 - -
Announcement Date 20/01/22 19/01/23 23/01/24 22/01/25 22/01/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9x9.12x14.02x10.19% 180M
33.67x18.02x22.62x3.38% 120B
32.41x14.43x18.53x4.24% 68.69B
37.69x14.88x15.38x5.74% 53.59B
18.34x15.52x17.65x1.13% 38.49B
13.97x24.8x27.16x3.59% 16.38B
27.58x10.94x15.04x4.53% 15.9B
8.31x11.88x14.55x6% 14.79B
18.13x16.2x23.54x5.31% 14.13B
29.8x11.31x16.56x4.09% 13.57B
Average 22.89x 14.71x 18.51x 4.82% 35.59B
Weighted average by Cap. 29.36x 15.99x 19.54x 3.94%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sentral REIT

Historical PBR trend

Valuation ratios - PBR - Sentral REIT

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sentral REIT

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sentral REIT


Year-on-year evolution of the Yield

Valuation ratios - Yield - Sentral REIT
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