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 27,736 - -
Change - -20.79% 0.29% -5.18% 3.86% -6.6% - -
Enterprise Value (EV) 1 46,856 30,068 39,356 37,416 38,217 35,716 35,072 34,357
Change - -35.83% 30.89% -4.93% 2.14% -6.54% -1.8% -2.04%
P/E 29x 25.4x 30.3x 20.5x 19x 17.3x 16.9x 16x
PBR 5.64x - 4.73x 4.84x 4.83x 4.37x 4.3x 4.13x
PEG - -2.65x -1.9x 0.5x 1.6x 6.8x 6.59x 2.66x
Capitalization / Revenue 4.12x 3.07x 2.96x 2.71x 2.79x 2.54x 2.49x 2.42x
EV / Revenue 5.09x 3.07x 3.87x 3.55x 3.59x 3.27x 3.15x 3x
EV / EBITDA 12x 7.64x 9.94x 9.08x 8.83x 8.06x 7.85x 7.53x
EV / EBIT 21x 13.6x 20.8x 16.1x 15.3x 13.5x 13x 12.4x
EV / FCF 20.6x - 23x 18.3x 16.9x 15.6x 13.9x 13.4x
FCF Yield 4.85% - 4.35% 5.47% 5.93% 6.39% 7.18% 7.47%
Dividend per Share 2 0.16 - 0.17 0.17 0.175 0.1773 0.1807 0.187
Rate of return 3.3% - 4.42% 4.66% 4.62% 5.01% 5.11% 5.28%
EPS 2 0.167 0.151 0.127 0.178 0.199 0.2041 0.2093 0.2219
Distribution rate 95.8% - 134% 95.5% 87.9% 86.9% 86.4% 84.3%
Net sales 1 9,203 9,789 10,180 10,536 10,635 10,916 11,141 11,449
EBITDA 1 3,898 3,938 3,960 4,122 4,329 4,430 4,468 4,563
EBIT 1 2,235 2,218 1,890 2,324 2,499 2,637 2,700 2,764
Net income 1 1,308 1,182 993 1,396 1,561 1,610 1,643 1,736
Net Debt 1 8,899 - 9,203 8,825 8,522 7,980 7,336 6,620
Reference price 2 4.850 3.840 3.850 3.650 3.790 3.540 3.540 3.540
Nbr of stocks (in thousands) 7,826,271 7,830,149 7,832,077 7,833,120 7,835,085 7,835,085 - -
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.($)
17.35x3.27x8.06x5.01% 6.77B
-188.79x40.59x93.35x - 1,633B
18.35x3.08x7.82x2.14% 208B
32.11x6.24x28.25x0.2% 190B
9.53x2.29x6.18x5.09% 152B
14.54x2.34x7.79x2.93% 67.25B
14.45x1.36x4.65x3.49% 36.49B
21.44x5.73x10.49x4.43% 33.52B
13.1x3.16x7.09x7.27% 19.02B
12.22x1.93x4.71x5.42% 18.38B
Average -3.57x 7.00x 17.84x 4% 236.51B
Weighted average by Cap. -124.39x 29.17x 68.39x 2.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield