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 27,682 - -
Change - -20.79% 0.29% -5.18% 3.86% -6.78% - -
Enterprise Value (EV) 1 46,856 30,068 39,356 37,416 38,217 35,649 34,941 34,221
Change - -35.83% 30.89% -4.93% 2.14% -6.72% -1.98% -2.06%
P/E 29x 25.4x 30.3x 20.5x 19x 17x 17x 15.9x
PBR 5.64x - 4.73x 4.84x 4.83x 4.35x 4.23x 4.09x
PEG - -2.65x -1.9x 0.5x 1.6x 3.99x 52.64x 2.41x
Capitalization / Revenue 4.12x 3.07x 2.96x 2.71x 2.79x 2.54x 2.48x 2.43x
EV / Revenue 5.09x 3.07x 3.87x 3.55x 3.59x 3.26x 3.13x 3x
EV / EBITDA 12x 7.64x 9.94x 9.08x 8.83x 8.02x 7.75x 7.46x
EV / EBIT 21x 13.6x 20.8x 16.1x 15.3x 13.4x 12.9x 12.3x
EV / FCF 20.6x - 23x 18.3x 16.9x 15.2x 14.1x 13.3x
FCF Yield 4.85% - 4.35% 5.47% 5.93% 6.59% 7.09% 7.52%
Dividend per Share 2 0.16 - 0.17 0.17 0.175 0.1776 0.1819 0.1878
Rate of return 3.3% - 4.42% 4.66% 4.62% 5.03% 5.15% 5.32%
EPS 2 0.167 0.151 0.127 0.178 0.199 0.2075 0.2081 0.2219
Distribution rate 95.8% - 134% 95.5% 87.9% 85.6% 87.4% 84.6%
Net sales 1 9,203 9,789 10,180 10,536 10,635 10,919 11,165 11,410
EBITDA 1 3,898 3,938 3,960 4,122 4,329 4,444 4,510 4,586
EBIT 1 2,235 2,218 1,890 2,324 2,499 2,651 2,710 2,783
Net income 1 1,308 1,182 993 1,396 1,561 1,625 1,634 1,734
Net Debt 1 8,899 - 9,203 8,825 8,522 7,967 7,260 6,539
Reference price 2 4.850 3.840 3.850 3.650 3.790 3.530 3.530 3.530
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.01x3.26x8.02x5.03% 6.77B
1443.27x42.72x86.78x - 1,982B
37.39x5.75x23.85x0.22% 178B
14.54x2.68x6.8x2.61% 171B
9.86x2.39x6.42x4.74% 161B
29.76x5.4x9.46x1.75% 125B
7.33x1.32x4.78x6.06% 77.72B
19.31x2.2x8.35x3.61% 74.29B
14.54x2.37x7.76x2.89% 70.17B
13.52x1.43x4.86x3.34% 37.49B
Average 160.65x 6.95x 16.71x 3.36% 288.34B
Weighted average by Cap. 998.38x 30.42x 62.91x 2.85%

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