Company Valuation: JAKS Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,220 796.5 491.2 438.4 351.9 262.6
Change - -34.7% -38.33% -10.75% -19.73% -25.37%
Enterprise Value (EV) 1 1,461 1,064 907.9 845.9 710.9 642.3
Change - -27.22% -14.64% -6.83% -15.96% -9.65%
P/E -6.44x 14.3x 9x 34.9x 5.95x 11.4x
PBR 1.07x 0.59x 0.35x 0.3x 0.23x 0.17x
PEG - -0x -2.08x -0.4x 0x -0.2x
Capitalization / Revenue 4.86x 7.37x 5.19x 11.1x 6.92x 4.83x
EV / Revenue 5.82x 9.83x 9.59x 21.4x 14x 11.8x
EV / EBITDA 28x -36.2x -29x -37.6x -165x -15x
EV / EBIT 43.9x -23.6x -19.3x -19.9x -25.4x -9.66x
EV / FCF -52.5x -37.8x -5.3x 224x 20.3x -12.8x
FCF Yield -1.91% -2.65% -18.9% 0.45% 4.92% -7.8%
Dividend per Share 2 - - - - 0.005 -
Rate of return - - - - 3.7% -
EPS 2 -0.1079 0.0273 0.0261 0.005299 0.0227 0.008799
Distribution rate - - - - 22% -
Net sales 1 251 108.1 94.65 39.56 50.87 54.38
EBITDA 1 52.17 -29.42 -31.35 -22.51 -4.312 -42.9
EBIT 1 33.27 -45.05 -47 -42.53 -27.99 -66.48
Net income 1 -84.56 51.76 53.78 11.8 57.12 23.12
Net Debt 1 241.5 267 416.7 407.5 359 379.7
Reference price 2 0.6950 0.3900 0.2350 0.1850 0.1350 0.1000
Nbr of stocks (in thousands) 1,755,167 2,042,318 2,090,318 2,369,851 2,606,836 2,626,291
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.($)
- - - - 132M
55.44x2.56x24.44x0.07% 96.6B
11.77x1.02x5.58x4.96% 67.3B
34.05x4.28x23.25x0.2% 58.12B
25.23x1.95x19.22x1.17% 53.88B
49.42x3.97x25.09x1.96% 38.91B
23.03x1.57x14.49x0.2% 33.28B
26.55x0.67x10.98x2.32% 33.1B
21.6x0.42x6.71x2.86% 28.65B
5.01x0.31x5.98x5.63% 26.73B
Average 28.01x 1.86x 15.08x 2.15% 43.67B
Weighted average by Cap. 31.63x 2.11x 16.71x 1.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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