Company Valuation: Bursa Malaysia

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,301 5,382 5,592 7,251 6,814 6,596 - -
Change - 1.53% 3.91% 29.67% -6.03% -3.21% - -
Enterprise Value (EV) 1 4,802 4,935 5,168 6,755 6,410 6,118 6,096 6,075
Change - 2.78% 4.73% 30.7% -5.11% -4.56% -0.36% -0.34%
P/E 14.9x 23.8x 22.1x 23.4x 27.2x 23.2x 22.1x 21.6x
PBR 6.49x - 6.77x 8.3x 8.51x 8.08x 7.87x 7.54x
PEG - -0.7x 1.9x 1x -1.4x 1.7x 4.7x 8.1x
Capitalization / Revenue 6.91x 8.92x 9.07x 9.25x 9.36x 8.1x 7.79x 7.32x
EV / Revenue 6.26x 8.18x 8.38x 8.61x 8.81x 7.52x 7.2x 6.74x
EV / EBITDA 9.58x 14.6x 14.5x 15.1x 17.1x 14.8x 14.1x 13.6x
EV / EBIT 10x 15.9x 16.1x 16.4x 19x 16.4x 15.6x 14.9x
EV / FCF 13.8x 25.4x 29.5x 22.4x 30.5x 10.8x 17.5x 17.6x
FCF Yield 7.22% 3.94% 3.39% 4.47% 3.28% 9.24% 5.73% 5.68%
Dividend per Share 2 0.41 0.265 0.265 0.32 0.28 0.3298 0.3404 0.3516
Rate of return 6.26% 3.98% 3.84% 3.57% 3.33% 4.05% 4.18% 4.31%
EPS 2 0.439 0.28 0.312 0.383 0.309 0.3517 0.3682 0.378
Distribution rate 93.4% 94.6% 84.9% 83.6% 90.6% 93.8% 92.4% 93%
Net sales 1 767.5 603.2 616.5 784.3 727.7 814.1 846.9 901.5
EBITDA 1 501 337.5 355.3 446.3 374.4 412 431.6 448.1
EBIT 1 479 310.5 322 410.9 337.6 373.6 391.7 407.4
Net income 1 355.3 226.6 252.4 310.1 250.2 285.1 298.5 305.7
Net Debt 1 -499.1 -446.7 -423.9 -496.2 -404.4 -478.1 -500 -520.6
Reference price 2 6.550 6.650 6.910 8.960 8.420 8.150 8.150 8.150
Nbr of stocks (in thousands) 809,299 809,299 809,299 809,299 809,299 809,299 - -
Announcement Date 1/28/22 1/31/23 1/31/24 1/27/25 1/29/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.12x7.5x14.81x4.06% 1.62B
21.6x9.5x14.15x1.38% 86.63B
24.16x14.41x17.98x3.69% 62.59B
22.74x8.51x14.19x1.66% 58.51B
26.42x4.95x9.86x2.03% 52.33B
26.3x10.2x17.02x1.29% 52.29B
28.4x13.27x20.45x2.25% 18.73B
21.57x8.43x13.19x2.33% 18.44B
14.11x7.88x11.35x6.12% 17.26B
Average 23.16x 9.41x 14.78x 2.76% 40.93B
Weighted average by Cap. 23.57x 9.68x 14.75x 2.22%

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
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  3. 1818 Stock
  4. Valuation Bursa Malaysia