Company Valuation: Mi Technovation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,028 1,165 1,653 2,018 2,560 5,142 - -
Change - -61.52% 41.86% 22.1% 26.84% 100.83% - -
Enterprise Value (EV) 1 2,730 1,165 1,384 2,018 2,337 4,942 4,895 4,814
Change - -57.31% 18.76% 45.85% 15.8% 111.43% -0.95% -1.65%
P/E 45.8x 17.2x 30.5x 30.1x 27.8x 32.7x 30.4x 26.3x
PBR 2.74x 1.12x 1.56x 1.99x 2.43x 4.45x 4.03x 3.54x
PEG - 7.13x -1.5x 1.3x 0.7x 0.5x 3.94x 1.7x
Capitalization / Revenue 8.07x 2.99x 4.64x 4.36x 4.1x 6.44x 5.64x 5x
EV / Revenue 7.27x 2.99x 3.89x 4.36x 3.74x 6.19x 5.37x 4.68x
EV / EBITDA 33.5x 11.7x 14.9x 17.1x 15.6x 24.3x 21x 17x
EV / EBIT 42.3x 15.1x 20.5x 21.9x 18.7x 25.2x 22.2x 17.9x
EV / FCF 3,630x 16.4x 20.2x 87.9x 24.8x 85.2x 40.8x 27x
FCF Yield 0.03% 6.11% 4.95% 1.14% 4.04% 1.17% 2.45% 3.7%
Dividend per Share 2 0.0493 0.0394 0.0394 0.0591 0.0296 0.0556 0.0624 0.0583
Rate of return 1.46% 3.03% 2.13% 2.62% 1.03% 0.96% 1.07% 1%
EPS 2 0.0738 0.0756 0.0607 0.075 0.1037 0.1776 0.1913 0.2208
Distribution rate 66.8% 52.2% 64.9% 78.8% 28.5% 31.3% 32.6% 26.4%
Net sales 1 375.5 389.5 356 463.5 625 798.9 911.4 1,029
EBITDA 1 81.47 99.95 92.59 117.8 149.7 203.2 233 283.8
EBIT 1 64.47 77.42 67.4 92.38 124.9 195.8 220.7 268.2
Net income 1 61.81 68.86 55.2 68.07 93.78 165.1 171 196.7
Net Debt 1 -298.5 - -269.2 - -222.9 -200 -247 -328
Reference price 2 3.380 1.300 1.850 2.260 2.880 5.810 5.810 5.810
Nbr of stocks (in thousands) 896,000 896,417 893,586 893,132 889,000 885,000 - -
Announcement Date 2/21/22 2/22/23 2/23/24 2/21/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.51x6.54x25.72x0.91% 1.33B
39.32x13.25x30.1x0.6% 663B
32.7x10.84x26.73x0.37% 385B
31.06x6.97x21.47x1.57% 152B
36.89x3.98x18.34x1.4% 95.88B
55.26x7.28x25.4x0.27% 23.06B
45.48x14.69x30.5x0.83% 22.13B
20.57x2.98x12.75x1.48% 15.29B
47.24x8.69x25.88x - 13.85B
Average 38.11x 8.36x 24.10x 0.93% 152.42B
Weighted average by Cap. 36.61x 10.99x 27.06x 0.71%

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

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