Company Valuation: Hartalega Holdings

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 16,575 6,493 9,386 6,451 3,919 3,476 - -
Change - -60.82% 44.56% -31.27% -39.26% -11.3% - -
Enterprise Value (EV) 1 14,435 4,918 8,026 5,535 2,774 2,569 2,418 2,410
Change - -65.93% 63.18% -31.04% -49.87% -7.38% -5.9% -0.33%
P/E 5.12x -29.8x 743x 86.7x 38.1x 22.7x 20.1x 19x
PBR 3.23x 1.4x 2.02x 1.5x 0.88x 0.79x 0.77x 0.77x
PEG - 0x -7x 0x 1x 0.5x 1.5x 3.54x
Capitalization / Revenue 2.1x 2.7x 5.11x 2.49x 1.84x 1.33x 1.28x 1.22x
EV / Revenue 1.83x 2.04x 4.37x 2.14x 1.3x 0.98x 0.89x 0.84x
EV / EBITDA 3.06x 14.3x 45x 27.2x 10.9x 7.36x 6.39x 6x
EV / EBIT 3.16x 27.2x 174x 104x 30.3x 15.2x 12.2x 11.8x
EV / FCF 5.02x -14.3x -36x -68.2x 14.1x -571x 16.1x 16.4x
FCF Yield 19.9% -7.02% -2.78% -1.47% 7.08% -0.18% 6.2% 6.1%
Dividend per Share 2 0.57 - - 0.1141 - 0.029 0.0302 0.033
Rate of return 11.8% - - 6.04% - 2.84% 2.96% 3.24%
EPS 2 0.9464 -0.0638 0.0037 0.0218 0.0302 0.0449 0.0508 0.0536
Distribution rate 60.2% - - 523% - 64.6% 59.5% 61.6%
Net sales 1 7,888 2,408 1,838 2,586 2,135 2,610 2,706 2,858
EBITDA 1 4,722 344 178.2 203.9 255.4 349 378.2 401.9
EBIT 1 4,570 180.8 46.11 53.2 91.67 168.7 198.4 203.4
Net income 1 3,235 -218 12.72 74.54 103 150.8 171.4 180.6
Net Debt 1 -2,139 -1,575 -1,361 -916.3 -1,144 -906.2 -1,058 -1,066
Reference price 2 4.850 1.900 2.750 1.890 1.150 1.020 1.020 1.020
Nbr of stocks (in thousands) 3,417,462 3,417,462 3,413,262 3,413,262 3,407,462 3,407,462 - -
Announcement Date 5/10/22 5/9/23 5/21/24 5/6/25 5/5/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.78x4.08x13.01x4.74% 14.88B
13.36x - - 2.7% 4.84B
48.92x - - 0.52% 3.55B
17.5x - - 2.9% 2.64B
22.82x - - - 2.13B
8.3x0.53x2.44x5.28% 1.93B
23.15x1.42x9.23x1.96% 1.31B
18.55x2.94x9.76x6.35% 970M
Average 22.92x 2.24x 8.61x 3.49% 4.03B
Weighted average by Cap. 26.53x 3.48x 11.52x 3.72%

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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