Company Valuation: Zelan

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 97.17 67.59 59.14 67.59 46.47 25.35
Change - -30.43% -12.5% 14.29% -31.25% -45.45%
Enterprise Value (EV) 1 629.3 576 539.4 469.3 416.3 357.9
Change - -8.46% -6.36% -12.99% -11.31% -14.01%
P/E 2.68x 16.6x -10.5x 1.03x -0.18x -0.43x
PBR 1.1x 0.84x 0.69x 0.43x -0.5x -0.18x
PEG - -0.2x 0x -0x 0x 0x
Capitalization / Revenue 1.87x 1.47x 1.13x 2.23x 1.16x 0.88x
EV / Revenue 12.1x 12.6x 10.3x 15.5x 10.4x 12.4x
EV / EBITDA 11.6x 55.9x 49.3x 44.1x -1.71x 59.2x
EV / EBIT 11.6x 57.2x 50.1x 44.4x -1.71x 60x
EV / FCF 28.9x -353x -13.6x -1.7x 5.52x -191x
FCF Yield 3.46% -0.28% -7.37% -58.8% 18.1% -0.52%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0429 0.004805 -0.006638 0.0774 -0.2985 -0.0696
Distribution rate - - - - - -
Net sales 1 51.93 45.9 52.27 30.34 40.19 28.96
EBITDA 1 54.25 10.3 10.93 10.65 -243.4 6.045
EBIT 1 54.06 10.07 10.76 10.58 -243.5 5.967
Net income 1 36.22 4.06 -5.609 65.4 -252.2 -58.79
Net Debt 1 532.1 508.4 480.3 401.7 369.8 332.6
Reference price 2 0.1150 0.0800 0.0700 0.0800 0.0550 0.0300
Nbr of stocks (in thousands) 844,921 844,921 844,921 844,921 844,921 844,921
Announcement Date 01/06/21 30/04/22 30/04/23 30/04/24 30/04/25 30/04/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 11.41M
56.12x2.59x24.69x0.07% 97.59B
12.25x1.05x5.75x4.77% 70.29B
34.15x4.3x23.32x0.2% 58.29B
26.07x2.01x19.74x1.13% 55.68B
50.74x4.04x25.56x1.91% 39.91B
27.22x0.68x11.26x2.27% 34.06B
23.27x1.59x14.65x0.2% 33.62B
21.85x0.44x6.92x2.78% 29.56B
4.92x0.31x5.78x5.98% 26.22B
Average 28.51x 1.89x 15.30x 2.15% 44.52B
Weighted average by Cap. 32.09x 2.13x 16.90x 1.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA