Company Valuation: PANSAR

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 288.5 340 289.8 268.7 298 299.2
Change - 17.84% -14.75% -7.3% 10.92% 0.41%
Enterprise Value (EV) 1 265.9 191.4 443 496.8 519.9 522.9
Change - -28.02% 131.43% 12.13% 4.66% 0.56%
P/E 39.3x 31.7x 630x 61.1x 20.4x 15.5x
PBR 1.62x 1.87x 1.61x 1.44x 1.46x 1.21x
PEG - 0.7x -6.6x 0x 0x 0.8x
Capitalization / Revenue 0.85x 1.12x 0.48x 0.33x 0.29x 0.27x
EV / Revenue 0.79x 0.63x 0.74x 0.6x 0.5x 0.47x
EV / EBITDA -149x -32.4x 28x 14.9x 10.1x 10.4x
EV / EBIT -69.9x -25.7x 71.1x 24.4x 13.7x 13.2x
EV / FCF 12.9x -68.9x -2.42x -6.92x -152x 113x
FCF Yield 7.75% -1.45% -41.3% -14.4% -0.66% 0.89%
Dividend per Share 2 0.015 0.0075 - 0.0035 0.004 0.005
Rate of return 2.38% 1.01% - 0.6% 0.63% 0.85%
EPS 2 0.016 0.0234 0.001 0.009499 0.0314 0.0378
Distribution rate 93.5% 32.1% - 36.8% 12.7% 13.2%
Net sales 1 338.7 304 601.6 824.9 1,036 1,104
EBITDA 1 -1.787 -5.916 15.84 33.27 51.69 50.41
EBIT 1 -3.803 -7.441 6.228 20.35 38.04 39.46
Net income 1 7.349 10.71 0.9206 8.724 21.82 26.06
Net Debt 1 -22.59 -148.5 153.2 228.1 221.9 223.6
Reference price 2 0.6300 0.7400 0.6300 0.5800 0.6400 0.5850
Nbr of stocks (in thousands) 457,977 459,438 460,057 463,230 465,665 511,510
Announcement Date 8/11/20 8/3/21 7/27/22 7/26/23 7/30/24 7/30/25
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 78.06M
65.05x2.81x27.51x0.07% 94.32B
13.09x1.06x5.81x4.48% 71.3B
38.8x4.75x26.33x0.17% 58.83B
25.27x1.93x18.78x1.23% 54.5B
55.39x4.6x29.44x1.64% 45.98B
33.09x0.78x13.13x1.92% 39.23B
27.88x0.54x8.68x2.14% 35.71B
25.4x1.65x15.86x0.19% 33.07B
4.66x0.29x6.25x6.11% 27.62B
Average 32.07x 2.05x 16.86x 2% 46.06B
Weighted average by Cap. 35.91x 2.28x 18.36x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA