Company Valuation: TH Plantations

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 530.3 464 428.7 601 486.1 508.2 - -
Change - -12.5% -7.62% 40.21% -19.12% 4.55% - -
Enterprise Value (EV) 1 1,722 1,282 1,251 1,401 1,227 1,203 1,160 1,105
Change - -25.55% -2.4% 11.98% -12.38% -1.97% -3.62% -4.73%
P/E 7.56x 7.78x 14.7x 10.5x 6.58x 9.13x 8.65x 6.61x
PBR - - 0.6x 0.79x 0.59x 0.61x 0.58x -
PEG - -0.5x -0.3x 0.1x 0.2x -0.4x 1.53x 0.2x
Capitalization / Revenue 0.7x 0.53x 0.57x 0.68x 0.51x 0.54x 0.52x 0.5x
EV / Revenue 2.26x 1.45x 1.66x 1.6x 1.28x 1.28x 1.18x 1.08x
EV / EBITDA 5.6x 4.68x 5.92x 4.91x 4.07x 4.78x 4.54x 3.67x
EV / EBIT 7.52x 6.59x 9.26x 6.77x 5.54x 6.7x 5.88x 5x
EV / FCF 90x 12.7x 17.6x 11.4x 8.34x 11x 10.8x 8.8x
FCF Yield 1.11% 7.88% 5.67% 8.8% 12% 9.12% 9.29% 11.4%
Dividend per Share 2 - 0.03 0.02 0.03 0.03 0.0305 0.031 0.039
Rate of return - 5.71% 4.12% 4.41% 5.45% 5.3% 5.39% 6.78%
EPS 2 0.0794 0.0675 0.0329 0.0647 0.0836 0.063 0.0665 0.087
Distribution rate - 44.4% 60.8% 46.4% 35.9% 48.5% 46.6% 44.8%
Net sales 1 760.8 881.3 752 877.7 961.2 939.8 983.3 1,024
EBITDA 1 307.4 273.9 211.3 285.3 301.5 251.6 255.7 301.1
EBIT 1 228.9 194.6 135.1 207 221.5 179.6 197.3 221.1
Net income 1 70.17 68.77 46.62 75.18 91.8 55.85 58.65 77.3
Net Debt 1 1,191 817.8 822.3 799.8 741.3 695.1 651.6 596.7
Reference price 2 0.6000 0.5250 0.4850 0.6800 0.5500 0.5750 0.5750 0.5750
Nbr of stocks (in thousands) 883,851 883,851 883,851 883,851 883,851 883,851 - -
Announcement Date 22/02/22 27/02/23 28/02/24 28/02/25 26/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.21x1.29x4.8x5.26% 127M
20.59x2.83x14.1x3.98% 251B
19.76x2.48x14.81x3.32% 79.22B
17.08x1.78x10.05x3.66% 48.03B
15.05x0.54x9.83x2.56% 39.18B
21.33x3.23x13.13x3.28% 35.41B
37.07x3.21x18.45x0.98% 32.28B
-109.29x1.93x9.58x6.24% 30.44B
68.28x10.48x43.47x1.12% 29.87B
Average 11.01x 3.09x 15.36x 3.38% 60.59B
Weighted average by Cap. 16.14x 2.94x 15.09x 3.5%

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

  1. Stock Market
  2. Stocks
  3. THPLANT Stock
  4. Valuation TH Plantations