Company Valuation: Alcom Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 79.93 110.2 123.6 104.1 94.03 107.5
Change - 37.82% 12.2% -15.76% -9.68% 14.29%
Enterprise Value (EV) 1 205 289 151.4 120.1 331.6 598.6
Change - 41.02% -47.6% -20.69% 176.12% 80.49%
P/E 60.7x 3.39x 1.59x 6.22x -23.9x -2.95x
PBR 0.65x 0.71x 0.54x 0.43x 0.41x 0.57x
PEG - 0x 0x -0.1x 0x -0x
Capitalization / Revenue 0.25x 0.18x 0.13x 0.16x 0.15x 0.2x
EV / Revenue 0.65x 0.48x 0.16x 0.18x 0.54x 1.09x
EV / EBITDA 13.8x 4.71x 1.25x 3.12x 22.3x -24x
EV / EBIT 37.8x 5.49x 1.34x 4.08x 59.1x -16.4x
EV / FCF -9.58x -5.38x 1.08x 7.96x -1.64x -2.82x
FCF Yield -10.4% -18.6% 92.7% 12.6% -60.9% -35.5%
Dividend per Share 2 - 0.025 0.025 0.04 0.03 -
Rate of return - 3.05% 2.72% 5.16% 4.29% -
EPS 2 0.009796 0.2421 0.577 0.1247 -0.0293 -0.2714
Distribution rate - 10.3% 4.33% 32.1% -103% -
Net sales 1 316.4 598.9 976 660 619.6 547.5
EBITDA 1 14.8 61.43 121.5 38.49 14.87 -24.89
EBIT 1 5.425 52.62 112.6 29.4 5.611 -36.55
Net income 1 1.316 32.53 77.51 16.75 -3.93 -36.45
Net Debt 1 125 178.9 27.86 16 237.6 491.1
Reference price 2 0.5950 0.8200 0.9200 0.7750 0.7000 0.8000
Nbr of stocks (in thousands) 134,331 134,331 134,331 134,331 134,331 134,331
Announcement Date 4/28/21 4/27/22 4/27/23 4/26/24 4/25/25 4/28/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 21.29M
7.42x1.25x4.58x - 35.34B
9.15x0.92x6.61x0.53% 24.07B
5.76x0.62x2.69x7% 22.74B
9.86x0.88x5.09x5.53% 19.43B
8.62x0.95x4.67x0.77% 13.68B
10.72x - - 5.53% 12.61B
6.63x1.42x4.35x7.75% 8.65B
6.71x1.18x3.68x7.19% 8.57B
10.35x2.94x6.2x3.34% 7.57B
Average 8.36x 1.27x 4.73x 4.7% 15.27B
Weighted average by Cap. 8.20x 1.11x 4.72x 4.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Alcom Group