Company Valuation: Lay Hong

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 221.2 170.3 222.1 279.3 253.9 197.5
Change - -23.02% 30.43% 25.75% -9.08% -22.23%
Enterprise Value (EV) 1 490.7 418.4 421.3 444.5 384.5 293.5
Change - -14.73% 0.69% 5.49% -13.49% -23.67%
P/E 69.5x -39.2x 7.9x 3.35x 3.1x 3.24x
PBR 0.55x 0.39x 0.48x 0.5x 0.39x 0.24x
PEG - 0x -0x 0x -0.89x -0.1x
Capitalization / Revenue 0.24x 0.18x 0.21x 0.27x 0.24x 0.18x
EV / Revenue 0.53x 0.44x 0.39x 0.43x 0.36x 0.26x
EV / EBITDA 8.7x 7.98x 4.95x 2.66x 2.44x 2.29x
EV / EBIT 18.2x 22.1x 8.16x 3.37x 3.16x 3.24x
EV / FCF 20.5x 10.3x 8.12x 8.01x 7.26x 7.58x
FCF Yield 4.87% 9.74% 12.3% 12.5% 13.8% 13.2%
Dividend per Share 2 - 0.003 0.003 0.008 0.004 0.004
Rate of return - 1.3% 1% 2.13% 1.19% 1.54%
EPS 2 0.004819 -0.005871 0.038 0.112 0.1081 0.0802
Distribution rate - -51.1% 7.9% 7.14% 3.7% 4.99%
Net sales 1 923.7 960.3 1,070 1,043 1,074 1,125
EBITDA 1 56.4 52.45 85.11 167.1 157.6 128.4
EBIT 1 26.97 18.94 51.65 131.7 121.6 90.65
Net income 1 3.182 -4.03 28.11 90.25 86.83 64.51
Net Debt 1 269.5 248.2 199.2 165.2 130.6 96.03
Reference price 2 0.3350 0.2300 0.3000 0.3750 0.3350 0.2600
Nbr of stocks (in thousands) 660,289 740,319 740,319 744,765 757,961 759,473
Announcement Date 7/30/21 7/29/22 7/31/23 7/31/24 7/31/25 7/31/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 42.74M
-150.24x1.98x17.85x0.15% 34.08B
-24.59x1.35x78.01x0.21% 15.52B
18.25x0.5x9.53x2.79% 11.02B
8.86x1.08x8.96x4.56% 4.81B
-15.69x0.66x17.49x0.13% 4.48B
10.5x0.27x3.9x2.08% 4.14B
-20.14x - - - 3.9B
18.96x - - 3.71% 3.59B
Average -19.26x 0.97x 22.62x 1.95% 9.06B
Weighted average by Cap. -64.94x 1.40x 27.84x 1.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Lay Hong

Historical PBR trend

Valuation ratios - PBR - Lay Hong

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Lay Hong

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Lay Hong