Company Valuation: Country View

Data adjusted to current consolidation scope
Fiscal Period: November 2020 2021 2022 2023 2024 2025
Market Cap 1 105 101 81.5 105 179 295
Change - -3.81% -19.31% 28.83% 70.48% 64.8%
Enterprise Value (EV) 1 313.4 285.2 283.3 316.2 347 368.5
Change - -9% -0.67% 11.61% 9.74% 6.19%
P/E 7.93x 15.3x 26.8x 13.2x 7.01x 3.58x
PBR 0.26x 0.24x 0.2x 0.26x 0.42x 0.64x
PEG - -0.3x -0.5x 0x 0x 0x
Capitalization / Revenue 1.16x 1.48x 1x 0.96x 0.92x 0.78x
EV / Revenue 3.47x 4.19x 3.48x 2.88x 1.78x 0.97x
EV / EBITDA 30.8x 58.5x 151x 17.8x 8.78x 3.12x
EV / EBIT 32.8x 66.9x 201x 18.3x 8.91x 3.13x
EV / FCF 11.9x 5.69x -0.65x -13.5x 9.34x 2.83x
FCF Yield 8.38% 17.6% -153% -7.39% 10.7% 35.3%
Dividend per Share 2 0.03 0.05 0.07 0.07 0.15 0.53
Rate of return 2.86% 4.95% 8.59% 6.67% 8.38% 18%
EPS 2 0.1325 0.0661 0.0304 0.0794 0.2555 0.823
Distribution rate 22.6% 75.6% 230% 88.2% 58.7% 64.4%
Net sales 1 90.22 68.13 81.32 109.7 195.4 379.7
EBITDA 1 10.18 4.876 1.874 17.76 39.51 118.2
EBIT 1 9.559 4.264 1.407 17.29 38.94 117.6
Net income 1 13.25 6.614 3.038 7.935 25.55 82.3
Net Debt 1 208.4 184.2 201.8 211.2 168 73.5
Reference price 2 1.050 1.010 0.815 1.050 1.790 2.950
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Announcement Date 3/30/21 3/30/22 3/30/23 3/29/24 3/27/25 3/30/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 76.49M
15.1x4.82x12.97x3.35% 42.99B
8.61x1.49x7.8x4.13% 29.74B
18.41x4.03x16.47x1.34% 28.08B
6.23x0.33x0.69x8.99% 26.76B
13.66x3.05x14.7x2.59% 24.75B
8.84x2.28x7x3.95% 20.82B
8.03x0.89x3.24x2.78% 20.55B
13.7x6.59x17.66x1.55% 19.8B
10.08x1.64x14.18x3.74% 18.37B
Average 11.41x 2.79x 10.52x 3.6% 23.19B
Weighted average by Cap. 11.78x 2.91x 10.60x 3.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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