Company Valuation: Maxis

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,957 30,068 30,153 28,591 29,695 27,447 - -
Change - -20.79% 0.29% -5.18% 3.86% -7.57% - -
Enterprise Value (EV) 1 46,856 30,068 39,356 37,416 38,217 34,490 34,706 33,986
Change - -35.83% 30.89% -4.93% 2.14% -9.75% 0.63% -2.08%
P/E 29x 25.4x 30.3x 20.5x 19x 15.8x 16.6x 15.7x
PBR 5.64x - 4.73x 4.84x 4.83x 4.24x 4.18x 4.04x
PEG - -2.65x -1.9x 0.5x 1.6x 1.4x -3.19x 2.64x
Capitalization / Revenue 4.12x 3.07x 2.96x 2.71x 2.79x 2.5x 2.46x 2.42x
EV / Revenue 5.09x 3.07x 3.87x 3.55x 3.59x 3.14x 3.11x 2.99x
EV / EBITDA 12x 7.64x 9.94x 9.08x 8.83x 7.8x 7.73x 7.46x
EV / EBIT 21x 13.6x 20.8x 16.1x 15.3x 12.5x 12.8x 12.2x
EV / FCF 20.6x - 23x 18.3x 16.9x 14.8x 14x 13.2x
FCF Yield 4.85% - 4.35% 5.47% 5.93% 6.74% 7.14% 7.57%
Dividend per Share 2 0.16 - 0.17 0.17 0.175 0.1884 0.1815 0.1871
Rate of return 3.3% - 4.42% 4.66% 4.62% 5.38% 5.18% 5.34%
EPS 2 0.167 0.151 0.127 0.178 0.199 0.2218 0.2103 0.2228
Distribution rate 95.8% - 134% 95.5% 87.9% 85% 86.3% 84%
Net sales 1 9,203 9,789 10,180 10,536 10,635 10,976 11,157 11,363
EBITDA 1 3,898 3,938 3,960 4,122 4,329 4,424 4,489 4,556
EBIT 1 2,235 2,218 1,890 2,324 2,499 2,766 2,708 2,788
Net income 1 1,308 1,182 993 1,396 1,561 1,735 1,642 1,757
Net Debt 1 8,899 - 9,203 8,825 8,522 7,043 7,260 6,539
Reference price 2 4.850 3.840 3.850 3.650 3.790 3.500 3.500 3.500
Nbr of stocks (in thousands) 7,826,271 7,830,149 7,832,077 7,833,120 7,835,085 7,841,901 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/18/25 2/12/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.78x3.14x7.8x5.38% 6.76B
577.43x37.01x73.8x - 1,824B
14.49x2.66x6.75x2.59% 172B
10.8x2.26x6.08x5.13% 146B
33x5.88x10.3x1.58% 139B
26.84x4.82x19.98x0.31% 128B
8.29x1.4x5.05x5.44% 86.61B
18.57x2.14x8.13x3.75% 71.29B
14.13x2.2x7.14x2.97% 66.12B
13.56x1.4x4.76x3.48% 35.85B
Average 73.29x 6.29x 14.98x 3.4% 267.43B
Weighted average by Cap. 399.59x 26.25x 53.22x 2.99%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Maxis

Historical PBR trend

Valuation ratios - PBR - Maxis

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Maxis

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Maxis


Year-on-year evolution of the Yield

Valuation ratios - Yield - Maxis