Company Valuation: Gromutual

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 93.9 114.6 107 114.6 107 110.8
Change - 22% -6.56% 7.02% -6.56% 3.51%
Enterprise Value (EV) 1 129.3 148.1 139.4 124.3 143 118.3
Change - 14.56% -5.91% -10.79% 15.03% -17.28%
P/E 9.58x 9.17x 11.8x 7.3x 6.07x 2.87x
PBR 0.26x 0.31x 0.28x 0.29x 0.26x 0.25x
PEG - 0.3x -0.4x 0.1x 0.5x 0x
Capitalization / Revenue 1.38x 2.14x 1.98x 1.45x 2.07x 1.13x
EV / Revenue 1.91x 2.76x 2.57x 1.58x 2.76x 1.21x
EV / EBITDA 7.69x 11.8x 11.1x 5.24x 11x 3.61x
EV / EBIT 7.92x 12.2x 11.5x 5.33x 11.4x 3.66x
EV / FCF -19.2x 17.9x 5.56x 5.97x -2.98x 1.81x
FCF Yield -5.2% 5.57% 18% 16.7% -33.5% 55.4%
Dividend per Share 2 0.005 0.01 0.005 0.01 0.005 0.01
Rate of return 2% 3.28% 1.75% 3.28% 1.75% 3.39%
EPS 2 0.0261 0.0333 0.0243 0.0418 0.047 0.1028
Distribution rate 19.2% 30.1% 20.6% 23.9% 10.6% 9.73%
Net sales 1 67.85 53.63 54.19 78.87 51.74 98.07
EBITDA 1 16.83 12.57 12.56 23.73 12.99 32.8
EBIT 1 16.33 12.1 12.16 23.34 12.54 32.32
Net income 1 9.807 12.49 9.11 15.69 17.64 38.6
Net Debt 1 35.41 33.58 32.34 9.786 35.98 7.507
Reference price 2 0.2500 0.3050 0.2850 0.3050 0.2850 0.2950
Nbr of stocks (in thousands) 375,608 375,608 375,608 375,608 375,608 375,608
Announcement Date 4/26/21 4/29/22 4/28/23 4/26/24 4/25/25 4/24/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 23.03M
14.96x4.76x12.78x3.39% 42.6B
21.02x4.29x17.57x1.19% 31.1B
8x1.42x7.11x4.46% 28.79B
5.92x0.69x1.42x8.43% 28.54B
14.08x3.08x14.78x2.5% 25.23B
15.26x6.86x18.4x1.4% 21.59B
8.64x2.19x7x4.09% 19.99B
9.48x1.6x13.59x3.99% 17.51B
Average 12.17x 3.11x 11.58x 3.68% 23.93B
Weighted average by Cap. 12.60x 3.22x 11.54x 3.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA