Company Valuation: I-Berhad

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 277.6 304.8 520 427.2 464.3 520
Change - 9.78% 70.61% -17.86% 8.7% 12%
Enterprise Value (EV) 1 501.9 603.6 839 748.4 737.9 743.3
Change - 20.26% 38.99% -10.8% -1.39% 0.73%
P/E 167x 900x 12.3x 35.9x 15.9x 9.64x
PBR 0.24x 0.27x 0.44x 0.36x 0.39x 0.42x
PEG - -11.3x 0x -0.5x 0x 0.1x
Capitalization / Revenue 3.47x 3.8x 4.35x 2.43x 2.09x 1.61x
EV / Revenue 6.27x 7.52x 7.01x 4.26x 3.32x 2.3x
EV / EBITDA -31.9x 62.1x 67.8x 23.2x 13.7x 10.6x
EV / EBIT -21.4x 185x 159x 32.8x 17x 13.4x
EV / FCF -7.47x -10.9x 1,440x -391x 69.2x 158x
FCF Yield -13.4% -9.19% 0.07% -0.26% 1.44% 0.63%
Dividend per Share 2 - - 0.002 0.002 0.0048 0.0088
Rate of return - - 0.71% 0.87% 1.92% 3.14%
EPS 2 0.0015 0.0003 0.0227 0.006399 0.0157 0.029
Distribution rate - - 8.81% 31.3% 30.6% 30.3%
Net sales 1 80.1 80.21 119.6 175.6 222.2 322.7
EBITDA 1 -15.74 9.72 12.37 32.26 54.05 70.03
EBIT 1 -23.44 3.256 5.271 22.81 43.34 55.45
Net income 1 3.313 0.369 27.22 12 29.18 53.96
Net Debt 1 224.3 298.8 318.9 321.2 273.6 223.3
Reference price 2 0.2500 0.2700 0.2800 0.2300 0.2500 0.2800
Nbr of stocks (in thousands) 1,110,566 1,128,911 1,857,300 1,857,300 1,857,300 1,857,300
Announcement Date 5/28/21 4/29/22 4/28/23 4/30/24 4/30/25 4/29/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 93.43M
14.34x4.63x12.45x3.53% 40.53B
5.71x0.76x1.6x8.67% 27.96B
17.85x3.95x15.88x1.37% 27.62B
7.94x1.42x7.86x4.46% 26.47B
13.72x3.07x14.71x2.55% 25.39B
10.21x2x8.25x4.11% 20.72B
8.02x0.89x3.24x2.79% 20.9B
13.01x6.39x16.79x1.67% 18.7B
38.23x13.99x35.22x3.11% 18.33B
Average 14.34x 4.12x 12.89x 3.58% 22.67B
Weighted average by Cap. 13.75x 3.84x 12.21x 3.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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