Company Valuation: OCB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 57.6 76.62 77.14 74.57 75.08 82.28
Change - 33.04% 0.67% -3.33% 0.69% 9.59%
Enterprise Value (EV) 1 40.02 108.5 110.2 91.2 58.73 27.72
Change - 171.14% 1.58% -17.26% -35.61% -52.79%
P/E 22.1x -5.43x -21.4x 8.76x 17.8x 4.75x
PBR 0.31x 0.44x 0.46x 0.42x 0.42x 0.42x
PEG - 0x 0.3x -0x -0.4x 0x
Capitalization / Revenue 0.21x 0.32x 0.3x 0.25x 0.23x 0.26x
EV / Revenue 0.15x 0.45x 0.43x 0.31x 0.18x 0.09x
EV / EBITDA 3.01x 25.2x 23.8x 6x 1.71x 0.88x
EV / EBIT 7.65x -30.1x -39.3x 9.47x 2.14x 1.11x
EV / FCF -434x 13.5x -63.1x 7.43x -2.31x 0.76x
FCF Yield -0.23% 7.4% -1.59% 13.5% -43.3% 132%
Dividend per Share 2 0.015 - - 0.015 0.02 0.035
Rate of return 2.68% - - 2.07% 2.74% 4.38%
EPS 2 0.0253 -0.1371 -0.0351 0.0828 0.0411 0.1684
Distribution rate 59.3% - - 18.1% 48.7% 20.8%
Net sales 1 273.6 238.9 254.9 298.6 320.5 318.7
EBITDA 1 13.29 4.301 4.625 15.21 34.34 31.34
EBIT 1 5.232 -3.603 -2.807 9.631 27.5 24.99
Net income 1 2.601 -14.1 -3.609 8.516 4.226 17.32
Net Debt 1 -17.57 31.89 33.09 16.64 -16.35 -54.56
Reference price 2 0.5600 0.7450 0.7500 0.7250 0.7300 0.8000
Nbr of stocks (in thousands) 102,850 102,850 102,850 102,850 102,850 102,850
Announcement Date 4/28/21 4/28/22 4/28/23 4/26/24 4/25/25 4/24/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 21.62M
20.83x2.87x14.29x3.91% 254B
19.69x2.48x14.76x3.33% 78.85B
18.06x1.85x10.47x3.5% 49.96B
14.9x0.55x9.96x2.57% 38.78B
22.03x3.33x13.49x3.17% 36.56B
36.88x3.13x18.28x0.97% 31.6B
69.08x10.6x43.95x1.1% 30.12B
99.34x1.88x9.34x6.5% 29.23B
Average 37.60x 3.34x 16.82x 3.13% 61.03B
Weighted average by Cap. 27.82x 2.97x 15.24x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA