Company Valuation: V.S. Industry

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,242 3,867 3,439 4,679 3,114 1,041 - -
Change - -26.23% -11.08% 36.07% -33.45% -66.58% - -
Enterprise Value (EV) 1 5,268 4,217 3,606 4,832 3,042 844.8 660.7 712.3
Change - -19.95% -14.49% 34.01% -37.04% -72.23% -6.61% 7.81%
P/E 21.5x 23.1x 18.8x 18.9x 84.7x -16.4x 14.5x 9.81x
PBR 2.56x 1.77x 1.6x 2.05x 1.44x 0.43x 0.5x 0.46x
PEG - -0.7x 2.17x 0.6x -1x 0x -0x 0.2x
Capitalization / Revenue 1.31x 0.99x 0.75x 1.1x 0.82x 0.24x 0.26x 0.23x
EV / Revenue 1.32x 1.08x 0.78x 1.14x 0.8x 0.23x 0.17x 0.16x
EV / EBITDA 12x 12.7x 9.16x 12.2x 13.7x 7.11x 2.71x 2.33x
EV / EBIT 15.6x 19.9x 13.2x 16.8x 31.8x -37.1x 5.37x 3.84x
EV / FCF -45.1x -15.2x 12.4x 31.9x 8.88x 17.3x 11x 109x
FCF Yield -2.22% -6.56% 8.1% 3.14% 11.3% 5.8% 9.11% 0.92%
Dividend per Share 2 0.042 0.02 0.022 0.022 0.008 0.004 0.008 0.0162
Rate of return 3.04% 1.98% 2.46% 1.82% 0.99% 1.74% 2.96% 5.99%
EPS 2 0.0641 0.0438 0.0476 0.0639 0.0095 -0.014 0.0186 0.0275
Distribution rate 65.5% 45.7% 46.2% 34.4% 84.2% -28.6% 42.9% 58.7%
Net sales 1 4,002 3,914 4,600 4,248 3,788 3,651 4,004 4,487
EBITDA 1 438.6 333.1 393.9 394.7 222.6 118.8 243.8 305.9
EBIT 1 337.1 211.6 273.8 286.9 95.6 -22.75 123 185.6
Net income 1 245.3 169.7 183.9 246.1 36.71 -53.83 69.48 110.8
Net Debt 1 25.76 349.9 167.1 153 -71.56 -41.77 -380 -328.4
Reference price 2 1.3800 1.0100 0.8950 1.2100 0.8050 0.2700 0.2700 0.2700
Nbr of stocks (in thousands) 3,798,813 3,829,091 3,842,425 3,867,172 3,868,232 3,854,530 - -
Announcement Date 24/09/21 27/09/22 26/09/23 24/09/24 30/09/25 29/09/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-38.41x0.21x6.04x0.95% 264M
33.08x6.16x18.8x0.68% 208B
57.26x7.16x24.55x0.76% 132B
34.5x12.27x22.4x0.8% 124B
13.5x0.31x6.8x3.72% 111B
38.91x6.37x20.82x0.9% 90.94B
72.23x7.74x35.81x0.19% 82.3B
25.33x9.09x18.46x0.5% 80.86B
19.41x3.27x12.52x1.38% 61.11B
17.64x1.05x11.79x0.73% 59.59B
Average 27.35x 5.36x 17.80x 1.06% 95.03B
Weighted average by Cap. 35.78x 6.31x 19.46x 1.07%

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 V.S. Industry