Company Valuation: Ornapaper

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 125.3 94.91 90.47 67.85 70.44 53.76
Change - -24.26% -4.69% -25% 3.83% -23.68%
Enterprise Value (EV) 1 138 115.6 122.5 73.34 108.2 84.81
Change - -16.26% 5.96% -40.1% 47.59% -21.65%
P/E 8.69x 18.8x 37x 10.3x 12.5x 17.9x
PBR 0.67x 0.5x 0.47x 0.34x 0.35x 0.27x
PEG - -0.3x -0.7x 0x -0.9x -0.4x
Capitalization / Revenue 0.4x 0.3x 0.28x 0.24x 0.24x 0.18x
EV / Revenue 0.44x 0.37x 0.37x 0.26x 0.36x 0.28x
EV / EBITDA 3.7x 4.8x 5.95x 3.15x 4.68x 4.2x
EV / EBIT 5.93x 10.8x 20.2x 8.14x 11.9x 16.4x
EV / FCF 4.6x -7.71x -40.4x 3.11x -3.78x 11.5x
FCF Yield 21.7% -13% -2.47% 32.1% -26.4% 8.68%
Dividend per Share 2 0.0325 0.02 0.01 0.02 0.02 0.015
Rate of return 1.92% 1.56% 0.82% 2.19% 2.11% 2.07%
EPS 2 0.1945 0.068 0.033 0.0886 0.076 0.0405
Distribution rate 16.7% 29.4% 30.3% 22.6% 26.3% 37%
Net sales 1 313.4 316.4 328.9 278.4 297 299.1
EBITDA 1 37.32 24.06 20.59 23.25 23.13 20.18
EBIT 1 23.29 10.7 6.06 9.009 9.08 5.165
Net income 1 14.42 5.05 2.476 6.567 5.639 3.005
Net Debt 1 12.69 20.65 31.99 5.495 37.8 31.05
Reference price 2 1.6900 1.2800 1.2200 0.9150 0.9500 0.7250
Nbr of stocks (in thousands) 74,152 74,152 74,152 74,152 74,152 74,152
Announcement Date 5/12/21 4/29/22 4/28/23 4/30/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 15.78M
20.31x1.12x7.06x4.19% 22.9B
23.85x2.39x11.5x2.22% 20.71B
28.19x1.16x8.86x4.77% 20.07B
21.87x2.36x9.77x1.8% 6.47B
12.41x1.26x7.26x3.81% 5.57B
19.24x2.31x13.54x3.56% 5.2B
8.77x1.36x9.75x1.08% 4.7B
26.97x0.8x7.36x2.27% 4.26B
19.45x1.33x8.73x2.51% 3.84B
Average 20.12x 1.56x 9.31x 2.91% 9.37B
Weighted average by Cap. 22.05x 1.57x 9.20x 3.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA