Company Valuation: Key ASIC

Data adjusted to current consolidation scope
Fiscal Period: May 2020 2021 2022 2023 2024 2025
Market Cap 1 108 215.7 68.16 90.58 62.91 55.99
Change - 99.82% -68.41% 32.9% -30.54% -11%
Enterprise Value (EV) 1 101.1 195 44.92 68.68 47.02 57.34
Change - 92.9% -76.97% 52.9% -31.54% 21.97%
P/E -5.36x -24.9x -7.64x -16.6x -5.68x -8.24x
PBR 5.2x 5.9x 1.95x 2.74x 2.59x 3.15x
PEG - 0.4x 1.78x 0.4x -0x 0.2x
Capitalization / Revenue 9.53x 15.5x 5.02x 4.35x 2.74x 3.75x
EV / Revenue 8.93x 14x 3.31x 3.3x 2.05x 3.84x
EV / EBITDA -5.86x -29.5x -5.82x -16.2x -4.84x -9.23x
EV / EBIT -5.41x -23.9x -4.8x -11.7x -4.1x -7.62x
EV / FCF 57.6x -43.7x -9.89x 93.8x -18.7x 22.6x
FCF Yield 1.74% -2.29% -10.1% 1.07% -5.35% 4.42%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0187 -0.006839 -0.006546 -0.003913 -0.007924 -0.004853
Distribution rate - - - - - -
Net sales 1 11.32 13.88 13.59 20.82 22.93 14.95
EBITDA 1 -17.26 -6.618 -7.718 -4.248 -9.711 -6.212
EBIT 1 -18.69 -8.158 -9.348 -5.847 -11.47 -7.529
Net income 1 -17.91 -7.955 -8.636 -5.368 -10.77 -6.79
Net Debt 1 -6.88 -20.74 -23.24 -21.9 -15.9 1.35
Reference price 2 0.1000 0.1700 0.0500 0.0650 0.0450 0.0400
Nbr of stocks (in thousands) 1,079,719 1,269,111 1,363,111 1,393,511 1,398,061 1,399,862
Announcement Date 9/30/20 9/30/21 9/30/22 9/29/23 9/30/24 9/30/25
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 10.28M
20.98x11.78x17.47x0.38% 4,785B
25.27x11.99x16.31x1% 2,038B
40.71x16.8x24.73x0.71% 1,757B
8.08x4.71x5.7x0.22% 1,169B
14.19x8.66x10.49x0.05% 1,166B
100.68x17.57x65.84x-.--% 882B
-366.43x11.09x33x-.--% 638B
278.6x59.66x126.31x-.--% 360B
9.13x4.76x5.82x1.08% 296B
Average 14.58x 16.34x 33.96x 0.38% 1,309B
Weighted average by Cap. 15.84x 13.09x 23.34x 0.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA