Company Valuation: HCK Capital Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 534.4 974.8 972.9 1,164 1,272 1,344
Change - 82.4% -0.2% 19.66% 9.27% 5.65%
Enterprise Value (EV) 1 831.7 1,297 1,253 1,532 1,454 1,586
Change - 55.95% -3.37% 22.26% -5.11% 9.06%
P/E 147x 391x 108x 46.5x 59.5x 63.2x
PBR 2.52x 4.02x 3.94x 3.26x 2.58x 2.53x
PEG - -10.8x 0x 0x -2.5x -20.18x
Capitalization / Revenue 5.82x 8.18x 5.3x 5.33x 2.58x 9.18x
EV / Revenue 9.05x 10.9x 6.83x 7.02x 2.95x 10.8x
EV / EBITDA 103x 114x 54.1x 27.5x 33.2x 31.4x
EV / EBIT 106x 116x 54.7x 29x 42.7x 37.8x
EV / FCF -6.54x -25.5x 33.9x -12,573x 17.9x -79.9x
FCF Yield -15.3% -3.92% 2.95% -0.01% 5.57% -1.25%
Dividend per Share 2 - - - - - 0.01
Rate of return - - - - - 0.47%
EPS 2 0.0086 0.0055 0.0198 0.046 0.0351 0.034
Distribution rate - - - - - 29.4%
Net sales 1 91.88 119.1 183.6 218.2 493.4 146.4
EBITDA 1 8.088 11.35 23.17 55.66 43.8 50.57
EBIT 1 7.851 11.2 22.91 52.81 34.07 41.92
Net income 1 4.083 2.962 10.95 24.96 20.74 22.16
Net Debt 1 297.2 322.2 280.4 368.1 181.9 241.7
Reference price 2 1.260 2.150 2.140 2.140 2.090 2.150
Nbr of stocks (in thousands) 424,160 453,395 454,616 544,016 608,658 625,105
Announcement Date 5/31/21 4/29/22 4/28/23 4/30/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 332M
62.18x - - - 66.41B
14x4.54x12.22x3.62% 39.85B
5.74x0.78x1.6x8.58% 28.06B
8.28x1.46x8.04x4.27% 27.68B
17.51x3.91x15.72x1.4% 27.05B
13.43x3.04x14.56x2.6% 24.8B
9.36x3.54x7.84x-.--% 22.08B
8.3x0.92x3.35x2.69% 21.22B
10.35x2.03x8.38x4.06% 20.81B
Average 16.57x 2.53x 8.96x 3.4% 27.83B
Weighted average by Cap. 23.32x 2.67x 9.26x 3.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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