Company Valuation: Golden Pharos

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 33.51 41.44 31.61 46.46 43.64 35.9
Change - 23.65% -23.73% 46.98% -6.06% -17.74%
Enterprise Value (EV) 1 30.18 31.92 14.23 10.06 28.9 19.7
Change - 5.78% -55.41% -29.34% 187.39% -31.84%
P/E -4.97x 64.1x 2.72x 1.96x -3x 47.2x
PBR 0.59x 0.71x 0.48x 0.58x 0.67x 0.54x
PEG - -1x 0x 0x 0x -0x
Capitalization / Revenue 0.71x 0.73x 0.45x 0.52x 0.93x 0.64x
EV / Revenue 0.64x 0.56x 0.2x 0.11x 0.61x 0.35x
EV / EBITDA -8.81x 7.83x 0.78x 0.31x -2.5x 5.9x
EV / EBIT -3.61x 56.4x 0.98x 0.36x -1.9x -75.8x
EV / FCF -1.51x 5.46x 1.79x 0.42x -1.4x 11.2x
FCF Yield -66.1% 18.3% 56% 235% -71.5% 8.95%
Dividend per Share 2 - 0.009 0.0255 0.046 - -
Rate of return - 3.05% 11.3% 13.9% - -
EPS 2 -0.0493 0.0046 0.0827 0.1683 -0.1034 0.005399
Distribution rate - 196% 30.8% 27.3% - -
Net sales 1 47.2 56.74 69.81 89.23 47.05 56.46
EBITDA 1 -3.425 4.077 18.3 32.3 -11.57 3.341
EBIT 1 -8.359 0.566 14.5 27.57 -15.25 -0.26
Net income 1 -6.693 0.659 11.86 23.27 -14.3 0.749
Net Debt 1 -3.339 -9.521 -17.38 -36.4 -14.74 -16.2
Reference price 2 0.2450 0.2950 0.2250 0.3300 0.3100 0.2550
Nbr of stocks (in thousands) 136,793 140,475 140,475 140,775 140,775 140,775
Announcement Date 5/25/21 4/28/22 4/28/23 4/30/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.23M
30.39x4.27x15.4x2.94% 7.66B
19.7x0.68x8.18x - 4.9B
-7.02x0.43x12.34x - 1.16B
39.74x2.01x17.13x0.41% 645M
Average 20.70x 1.85x 13.26x 1.68% 2.87B
Weighted average by Cap. 24.15x 2.63x 12.77x 2.75%

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 Golden Pharos