Company Valuation: Muda Holdings

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 848 841.9 579.6 436.2 341.7 219.6
Change - -0.72% -31.16% -24.74% -21.68% -35.71%
Enterprise Value (EV) 1 1,149 1,309 1,154 952.5 927.6 848.2
Change - 13.88% -11.78% -17.5% -2.62% -8.56%
P/E 9.42x 10.8x -53.3x -14.2x -6.76x -4.51x
PBR 0.75x 0.64x 0.45x 0.35x 0.29x 0.17x
PEG - -0.8x 0x -0x -0.1x 1.22x
Capitalization / Revenue 0.59x 0.48x 0.33x 0.29x 0.24x 0.15x
EV / Revenue 0.81x 0.75x 0.65x 0.63x 0.64x 0.59x
EV / EBITDA 5.73x 7.02x 13.7x 23.2x 21.1x 20.3x
EV / EBIT 8.44x 11.1x 93.1x -28.7x -30.4x -22.9x
EV / FCF 11.2x -8.6x -13.1x 13.3x -35.9x -325x
FCF Yield 8.95% -11.6% -7.65% 7.49% -2.79% -0.31%
Dividend per Share 2 0.05 0.05 0.04 0.03 0.02 -
Rate of return 1.8% 1.81% 2.11% 2.1% 1.79% -
EPS 2 0.2951 0.2552 -0.0356 -0.1009 -0.1656 -0.1595
Distribution rate 16.9% 19.6% -112% -29.7% -12.1% -
Net sales 1 1,426 1,741 1,769 1,505 1,454 1,433
EBITDA 1 200.7 186.5 84.46 41.05 43.93 41.77
EBIT 1 136.2 117.6 12.4 -33.19 -30.53 -36.98
Net income 1 90.02 77.84 -10.87 -30.78 -50.52 -48.66
Net Debt 1 301.1 466.7 574.9 516.3 585.9 628.5
Reference price 2 2.7800 2.7600 1.9000 1.4300 1.1200 0.7200
Nbr of stocks (in thousands) 305,051 305,051 305,051 305,051 305,051 305,051
Announcement Date 4/28/21 4/28/22 4/27/23 4/29/24 4/29/25 4/29/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 61.6M
23.1x1.15x7.37x4.01% 24.08B
24.82x2.49x11.95x2.2% 21.77B
32.19x1.23x9.36x4.6% 21.62B
22.33x2.46x10.09x1.69% 6.94B
14.35x1.23x7.1x3.81% 5.57B
28.41x0.91x8.04x1.96% 5.29B
18.51x2.24x13.13x3.7% 5.01B
8.4x1.34x9.61x1.13% 4.52B
19.61x1.34x8.78x2.49% 3.92B
Average 21.30x 1.60x 9.49x 2.84% 9.88B
Weighted average by Cap. 24.16x 1.62x 9.48x 3.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  2. Stocks
  3. MUDA Stock
  4. Valuation Muda Holdings