Company Valuation: Dialog Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,307 12,019 11,624 13,486 8,915 11,229 - -
Change - -26.3% -3.29% 16.02% -33.89% 25.95% - -
Enterprise Value (EV) 1 16,780 12,542 12,066 13,616 8,855 10,720 10,376 10,364
Change - -25.25% -3.8% 12.85% -34.96% 21.06% -3.21% -0.12%
P/E 30x 23.7x 22.8x 23.5x 29.4x 17.7x 17.9x 17.4x
PBR 3.55x 2.38x 2.09x 2.27x 1.55x 1.71x 1.7x 1.56x
PEG - -3.62x 41.04x 1.9x -0.6x 0.2x 1.83x 5.85x
Capitalization / Revenue 10.1x 5.18x 3.87x 4.28x 3.56x 3.64x 3.55x 3.51x
EV / Revenue 10.4x 5.41x 4.02x 4.32x 3.54x 3.74x 3.28x 3.24x
EV / EBITDA 27x 21.7x 23.3x 17.7x 19.2x 15.6x 13.4x 12.5x
EV / EBIT 42.6x 37x 46x 31.4x 67.3x 31.2x 25.6x 23.7x
EV / FCF -60.5x 30.7x 18.8x 13.6x 11.4x 37.8x 40.8x 18.5x
FCF Yield -1.65% 3.26% 5.31% 7.35% 8.8% 2.65% 2.45% 5.4%
Dividend per Share 2 0.031 0.034 0.037 0.043 0.031 0.0431 0.0473 0.0507
Rate of return 1.07% 1.6% 1.8% 1.8% 1.96% 2.17% 2.38% 2.55%
EPS 2 0.0963 0.09 0.0905 0.1019 0.0538 0.1052 0.1113 0.1146
Distribution rate 32.2% 37.8% 40.9% 42.2% 57.6% 42.5% 42.5% 44.2%
Net sales 1 1,610 2,319 3,002 3,152 2,502 2,885 3,160 3,199
EBITDA 1 620.6 578.1 517.1 767.7 460.9 840.3 772.9 827.3
EBIT 1 394 338.8 262.2 434.1 131.5 491.7 405.2 436.5
Net income 1 543.1 508 510.5 575 303.8 593.6 642.8 667
Net Debt 1 473.7 523.8 441.9 129.8 -60.1 -508.6 -852.5 -865.2
Reference price 2 2.890 2.130 2.060 2.390 1.580 1.990 1.990 1.990
Nbr of stocks (in thousands) 5,642,397 5,642,570 5,642,578 5,642,613 5,642,685 5,642,685 - -
Announcement Date 8/19/21 8/18/22 8/15/23 8/15/24 8/20/25 8/20/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.39x2.51x11.46x2.04% 85.35B
21.1x2.64x14.56x1.45% 63.03B
26.05x2.85x14.06x0.25% 31.31B
15.49x1.59x8.71x1.85% 30.88B
27.42x0.51x4.43x3.8% 9.81B
23.93x0.89x7.81x1.81% 7.63B
17.96x1.52x7.15x1.15% 6.87B
6.94x1.48x5.82x3.04% 6.84B
31.29x5.99x10.79x3.2% 6.33B
Average 21.51x 2.22x 9.42x 2.07% 27.56B
Weighted average by Cap. 21.93x 2.37x 11.55x 1.74%

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