Company Valuation: Zecon

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.94 59.62 57.49 59.7 74.23 77.2
Change - -20.45% -3.57% 3.85% 24.34% 4%
Enterprise Value (EV) 1 849.6 811.3 776.5 746.4 857.4 862.7
Change - -4.51% -4.28% -3.88% 14.88% 0.62%
P/E 2.08x -3.91x -13.6x 31.9x 1.44x 30.2x
PBR 0.29x 0.26x 0.25x 0.26x 0.26x 0.26x
PEG - 0x 0.2x -0x 0x -0.3x
Capitalization / Revenue 0.14x 0.15x 0.69x 0.71x 1.15x 0.75x
EV / Revenue 1.64x 2.06x 9.33x 8.92x 13.2x 8.42x
EV / EBITDA 14.1x 11.5x 11.3x 11.6x 17.5x 13.2x
EV / EBIT 14.3x 11.5x 11.4x 11.7x 17.7x 13.3x
EV / FCF -74.1x - 75.2x 206x -18.5x -12.9x
FCF Yield -1.35% - 1.33% 0.48% -5.4% -7.73%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.2503 -0.1036 -0.0286 0.0127 0.3466 0.0164
Distribution rate - - - - - -
Net sales 1 519.2 393.1 83.21 83.65 64.79 102.5
EBITDA 1 60.27 70.82 68.61 64.32 49.05 65.45
EBIT 1 59.49 70.39 67.94 63.81 48.53 64.9
Net income 1 35.94 -14.97 -4.15 2.025 55.61 2.572
Net Debt 1 774.7 751.7 719.1 686.7 783.2 785.5
Reference price 2 0.5200 0.4050 0.3900 0.4050 0.5000 0.4950
Nbr of stocks (in thousands) 144,118 147,203 147,403 147,403 148,453 155,957
Announcement Date 30/10/20 29/04/22 28/04/23 29/04/24 29/04/25 28/04/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 18.01M
58.08x2.52x24.66x0.08% 84.2B
13.23x1.07x5.84x4.46% 71.12B
26.44x2.02x19.86x1.17% 56.45B
31.36x3.93x21.33x0.22% 53.41B
52.26x4.43x28.27x1.59% 45.38B
29.97x0.73x12.17x2.06% 36.8B
25.63x0.49x7.67x2.38% 32.02B
22.95x1.48x14.24x0.21% 29.89B
4.78x0.3x5.8x5.97% 28.32B
Average 29.41x 1.89x 15.54x 2.02% 43.76B
Weighted average by Cap. 32.26x 2.08x 16.72x 1.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA