Company Valuation: Leon Fuat

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 187.6 284.7 175.6 182.4 160.3 126.2
Change - 51.82% -38.32% 3.88% -12.15% -21.28%
Enterprise Value (EV) 1 435.6 677.7 584.7 565.3 639.4 589.1
Change - 55.59% -13.73% -3.32% 13.11% -7.86%
P/E 6.59x 2.03x 5.93x 5.07x 21.3x 11x
PBR 0.49x 0.53x 0.31x 0.31x 0.27x 0.21x
PEG - 0x -0.1x 0.2x -0.3x 0.2x
Capitalization / Revenue 0.32x 0.32x 0.17x 0.2x 0.17x 0.14x
EV / Revenue 0.74x 0.76x 0.57x 0.61x 0.69x 0.65x
EV / EBITDA 7.36x 3.45x 8.54x 7.39x 11.8x 9.44x
EV / EBIT 9.13x 3.65x 10.8x 9.34x 18.5x 14.6x
EV / FCF -84.8x -3.71x 29x 14.3x -9.04x 34.6x
FCF Yield -1.18% -26.9% 3.45% 7.01% -11.1% 2.89%
Dividend per Share 2 - 0.04 0.015 0.015 0.01 0.01
Rate of return - 4.79% 2.91% 2.8% 2.13% 2.7%
EPS 2 0.0918 0.4117 0.0869 0.1056 0.0221 0.0336
Distribution rate - 9.72% 17.3% 14.2% 45.3% 29.7%
Net sales 1 589.6 886.6 1,025 928 928.7 907.3
EBITDA 1 59.14 196.5 68.46 76.48 54.18 62.39
EBIT 1 47.7 185.5 54.27 60.5 34.61 40.39
Net income 1 28.46 136 29.62 36 7.527 11.46
Net Debt 1 248 393 409.1 382.8 479.1 462.9
Reference price 2 0.6050 0.8350 0.5150 0.5350 0.4700 0.3700
Nbr of stocks (in thousands) 310,000 341,000 341,000 341,000 341,000 341,000
Announcement Date 4/30/21 4/29/22 4/28/23 4/30/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 27.71M
20.93x1.83x10.13x0.55% 32.73B
11.7x0.44x4.3x4.7% 18.2B
19.78x1.91x9.88x0.22% 11.91B
8.99x0.64x4.18x4.88% 10.67B
16.79x0.91x7.64x5.46% 10.26B
60.1x5.26x29.84x0.44% 10.44B
10.22x - - - 10.33B
86.67x1.43x15.77x1.12% 9.02B
Average 29.40x 1.78x 11.68x 2.48% 12.62B
Weighted average by Cap. 25.68x 1.69x 10.69x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA