Company Valuation: Farm Fresh

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,047 2,787 2,621 3,282 4,541 3,666 - -
Change - -8.52% -5.98% 25.22% 38.39% -19.27% - -
Enterprise Value (EV) 1 3,030 2,956 2,893 3,586 5,117 4,253 4,225 4,216
Change - -2.44% -2.11% 23.92% 42.7% -16.89% -0.64% -0.22%
P/E 38.1x 55.8x 41.2x 30.9x 35.1x 24.9x 21.6x 19.1x
PBR 5.03x 4.42x 3.93x 4.7x 5.67x 3.79x 3.32x 2.94x
PEG - -1.5x 1.6x 0.5x 1.6x 3x 1.4x 1.5x
Capitalization / Revenue 6.07x 4.43x 3.23x 3.34x 4.07x 2.87x 2.58x 2.36x
EV / Revenue 6.04x 4.69x 3.57x 3.65x 4.59x 3.32x 2.97x 2.71x
EV / EBITDA 29.3x 28.4x 21.7x 18.8x 22.5x 16.6x 14.3x 12.9x
EV / EBIT 40.5x 41.7x 34.1x 27.2x 31.8x 23.3x 20x 17.8x
EV / FCF -284x -18.3x 659x 141x -57.4x 89x 40.7x 30.5x
FCF Yield -0.35% -5.47% 0.15% 0.71% -1.74% 1.12% 2.46% 3.28%
Dividend per Share 2 - 0.01 - 0.02 0.01 0.0232 0.0271 0.0335
Rate of return - 0.67% - 1.14% 0.41% 1.25% 1.47% 1.81%
EPS 2 0.043 0.0269 0.034 0.0566 0.0687 0.0744 0.0856 0.0967
Distribution rate - 37.2% - 35.3% 14.6% 31.2% 31.7% 34.6%
Net sales 1 501.9 629.7 810.4 981.2 1,116 1,279 1,421 1,556
EBITDA 1 103.5 104.2 133.5 190.3 227.6 255.6 296.4 326.1
EBIT 1 74.88 70.95 84.88 131.8 161 182.5 210.8 237.2
Net income 1 79.89 50.08 63.53 106.4 129.6 140.4 162.2 182.7
Net Debt 1 -17.2 168.5 272.7 304.1 575.2 586.4 559 549.6
Reference price 2 1.640 1.500 1.400 1.750 2.410 1.850 1.850 1.850
Nbr of stocks (in thousands) 1,857,955 1,858,239 1,871,920 1,875,145 1,884,363 1,981,694 - -
Announcement Date 5/24/22 5/30/23 5/29/24 5/29/25 5/22/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.87x3.32x16.63x1.25% 897M
19.66x2.7x13.49x4.2% 232B
18.1x2.36x14.09x3.54% 74.27B
15.92x1.67x9.48x3.97% 42.8B
14.9x0.53x9.56x2.59% 38.77B
19.39x2.97x12.07x3.6% 32.19B
35.68x3.08x17.97x1.04% 31.54B
25.03x5.24x16.69x3.35% 28.38B
-7.82x1.76x8.76x7.23% 26.31B
Average 18.41x 2.63x 13.20x 3.42% 56.35B
Weighted average by Cap. 18.62x 2.53x 13.07x 3.83%

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

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  3. 5306 Stock
  4. Valuation Farm Fresh