Company Valuation: Mesiniaga

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.29 95.44 97.25 83.35 99.66 81.54
Change - 28.46% 1.9% -14.29% 19.57% -18.18%
Enterprise Value (EV) 1 31.58 51.85 53.79 33.8 67.37 70.16
Change - 64.22% 3.73% -37.15% 99.29% 4.15%
P/E -7.95x 17.5x 14.9x 21.4x -29.5x 6.88x
PBR 0.72x 0.9x 0.88x 0.75x 0.91x 0.67x
PEG - -0x 0.8x -0.5x 0x -0x
Capitalization / Revenue 0.38x 0.4x 0.33x 0.32x 0.55x 0.35x
EV / Revenue 0.16x 0.22x 0.18x 0.13x 0.37x 0.3x
EV / EBITDA -5.79x 6.56x 6.7x 7.59x -12.7x 8.42x
EV / EBIT -3.81x 8.51x 8.37x 11.7x -9.82x 10.2x
EV / FCF -0.33x -10.5x 9.84x 4.73x -3.55x -3x
FCF Yield -307% -9.49% 10.2% 21.1% -28.1% -33.4%
Dividend per Share 2 - - 0.1 0.025 - 0.05
Rate of return - - 6.21% 1.81% - 3.7%
EPS 2 -0.1547 0.0905 0.1077 0.0646 -0.0559 0.1962
Distribution rate - - 92.8% 38.7% - 25.5%
Net sales 1 197.7 240.2 292.9 259.8 180.4 231.9
EBITDA 1 -5.457 7.899 8.032 4.451 -5.297 8.336
EBIT 1 -8.292 6.094 6.423 2.885 -6.862 6.854
Net income 1 -9.344 5.469 6.508 3.903 -3.378 11.85
Net Debt 1 -42.72 -43.58 -43.46 -49.55 -32.3 -11.38
Reference price 2 1.230 1.580 1.610 1.380 1.650 1.350
Nbr of stocks (in thousands) 60,402 60,402 60,402 60,402 60,402 60,402
Announcement Date 4/30/21 4/27/22 4/28/23 4/29/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 16.86M
29.04x4.64x16.2x2.25% 282B
-91.8x14.5x83.97x-.--% 90.84B
10.18x1.12x5.86x4.74% 83.81B
13.24x2.41x8.93x6.25% 78.05B
18.83x4.97x12.26x3.02% 56.31B
13.54x1.97x8.26x5.75% 44.22B
19.1x1.53x9.63x1.5% 35.79B
20.14x1.48x9.46x0.98% 35.52B
15.45x1.97x9.16x5.59% 32.17B
Average 5.30x 3.84x 18.19x 3.34% 73.82B
Weighted average by Cap. 7.15x 4.67x 20.87x 3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA