Company Valuation: IOI Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,495 23,858 23,140 22,954 23,202 29,540 - -
Change - 1.54% -3.01% -0.8% 1.08% 27.32% - -
Enterprise Value (EV) 1 26,368 26,287 24,662 24,477 24,878 27,809 30,566 30,101
Change - -0.31% -6.18% -0.75% 1.64% 11.78% -0.68% -1.52%
P/E 16.9x 13.8x 20.8x 20.7x 15.3x 15.7x 17.8x 17.6x
PBR 2.35x 2.18x 2.04x 1.97x 1.89x 2x 2.11x 2.05x
PEG - 0.6x -0.6x -53.08x 0.4x 1.62x 1.4x 17.92x
Capitalization / Revenue 2.09x 1.53x 2x 2.39x 2.05x 2.25x 2.38x 2.32x
EV / Revenue 2.34x 1.69x 2.13x 2.55x 2.19x 2.36x 2.46x 2.36x
EV / EBITDA 16.8x 10.5x 12.9x 15.5x 14.2x 13.1x 13.7x 13.4x
EV / EBIT 21.8x 12.2x 16x 20.7x 18.4x 16.3x 17.6x 17x
EV / FCF 103x 19.2x 16.7x 43.1x 69.6x 30.5x 24.9x 22.5x
FCF Yield 0.97% 5.2% 5.99% 2.32% 1.44% 3.28% 4.01% 4.45%
Dividend per Share 2 0.105 0.14 0.11 0.095 0.105 0.125 0.1304 0.1315
Rate of return 2.79% 3.65% 2.95% 2.57% 2.81% 2.96% 2.78% 2.8%
EPS 2 0.2226 0.2774 0.1795 0.1788 0.2451 0.2689 0.2648 0.2674
Distribution rate 47.2% 50.5% 61.3% 53.1% 42.8% 46.5% 49.3% 49.2%
Net sales 1 11,252 15,579 11,584 9,604 11,335 11,779 12,413 12,732
EBITDA 1 1,572 2,512 1,915 1,577 1,754 2,127 2,225 2,240
EBIT 1 1,212 2,153 1,541 1,180 1,349 1,707 1,735 1,774
Net income 1 1,394 1,725 1,114 1,109 1,521 1,682 1,663 1,666
Net Debt 1 2,873 2,429 1,522 1,523 1,676 1,286 1,026 560.5
Reference price 2 3.760 3.840 3.730 3.700 3.740 4.700 4.700 4.700
Nbr of stocks (in thousands) 6,248,774 6,212,972 6,203,697 6,203,697 6,203,697 6,285,199 - -
Announcement Date 8/24/21 8/23/22 8/22/23 8/26/24 8/28/25 8/28/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.88x2.66x14.84x2.46% 7.31B
16.9x2.22x9.53x2.95% 10.92B
12.85x3.34x8.19x4.5% 5.56B
14.43x1.2x9.61x2.93% 5.42B
14.56x2.18x7.34x5% 3.01B
9.7x3.18x8.09x9.07% 2.34B
10.1x1.97x4.67x3.74% 1.27B
40.96x - - - 1.26B
Average 17.42x 2.39x 8.90x 4.38% 4.64B
Weighted average by Cap. 16.46x 2.38x 9.97x 3.69%

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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  3. 1961 Stock
  4. Valuation IOI Corporation