Company Valuation: MKH

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 739.1 744.9 664 808.4 733.3 623
Change - 0.78% -10.85% 21.74% -9.29% -15.04%
Enterprise Value (EV) 1 1,278 1,093 860 985.1 798.7 681.9
Change - -14.47% -21.32% 14.54% -18.92% -14.63%
P/E 17.7x 9.26x 5.91x 10.8x 9.63x 6.96x
PBR 0.45x 0.44x 0.37x 0.43x 0.4x 0.33x
PEG - 0.1x 0.1x -0.3x 4.71x 0.4x
Capitalization / Revenue 0.81x 0.82x 0.69x 0.76x 0.69x 0.65x
EV / Revenue 1.4x 1.2x 0.89x 0.93x 0.75x 0.72x
EV / EBITDA 6.13x 4.72x 3.72x 5.6x 3.88x 3.1x
EV / EBIT 7.43x 5.61x 4.4x 7.15x 4.76x 3.72x
EV / FCF 18.8x 9.53x 2.87x 10.4x -25.6x 6.12x
FCF Yield 5.32% 10.5% 34.8% 9.62% -3.9% 16.3%
Dividend per Share 2 0.03 0.035 0.04 0.04 0.04 0.03
Rate of return 2.34% 2.71% 3.48% 2.86% 3.15% 2.78%
EPS 2 0.0722 0.1393 0.1947 0.1292 0.1318 0.1553
Distribution rate 41.6% 25.1% 20.5% 31% 30.3% 19.3%
Net sales 1 911.9 913.6 968.1 1,064 1,061 951.5
EBITDA 1 208.4 231.8 230.9 175.9 206 220.2
EBIT 1 172 195 195.2 137.8 167.9 183.4
Net income 1 41.74 80.44 112.4 74.6 76.12 89.6
Net Debt 1 538.9 348.2 196 176.7 65.43 58.83
Reference price 2 1.280 1.290 1.150 1.400 1.270 1.080
Nbr of stocks (in thousands) 577,416 577,416 577,416 577,416 577,395 576,888
Announcement Date 1/29/21 1/25/22 1/30/23 1/30/24 1/27/25 1/30/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 279M
15.12x4.83x12.98x3.35% 43.02B
8.99x1.53x8x3.95% 31.08B
18.21x4.03x16.43x1.35% 27.8B
5.54x0.73x1.56x8.99% 26.76B
13.54x3.04x14.65x2.6% 24.64B
8.15x0.9x3.29x2.74% 20.84B
10.6x2.06x9.6x4.19% 20.07B
13.56x6.58x17.59x1.57% 19.63B
10.32x1.66x14.33x3.66% 18.8B
Average 11.56x 2.82x 10.94x 3.6% 23.29B
Weighted average by Cap. 11.87x 2.93x 10.93x 3.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA