Company Valuation: Pentamaster Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,953 3,151 3,272 2,959 2,760 3,585 - -
Change - -20.29% 3.84% -9.57% -6.73% 29.9% - -
Enterprise Value (EV) 1 3,477 2,730 2,781 2,510 2,512 3,270 3,221 3,102
Change - -21.5% 1.88% -9.74% 0.05% 30.18% -1.48% -3.72%
P/E 54.4x 38.3x 36.7x 45.4x 44.5x 47.4x 31.7x 26x
PBR 6.99x 5.03x 4.68x 3.96x 3.5x 3.97x 3.77x 3.32x
PEG - 2.8x 4.47x -1.7x -8.87x 2.2x 0.6x 1.2x
Capitalization / Revenue 7.78x 5.25x 4.73x 4.75x 4.73x 4.96x 4.03x 3.43x
EV / Revenue 6.84x 4.55x 4.02x 4.03x 4.3x 4.52x 3.62x 2.97x
EV / EBITDA 26.7x 18.9x 17.5x 19.7x 20.2x 21.3x 16x 13.2x
EV / EBIT 28.7x 20.4x 19.7x 23.7x 26.2x 27.1x 18.7x 15.4x
EV / FCF 41x -310x 24.5x -152x -28.8x 27.7x 26.5x 16.3x
FCF Yield 2.44% -0.32% 4.08% -0.66% -3.47% 3.61% 3.77% 6.14%
Dividend per Share 2 0.02 0.02 0.02 - - 0.02 0.0214 0.024
Rate of return 0.36% 0.45% 0.43% - - 0.4% 0.43% 0.48%
EPS 2 0.102 0.1158 0.1253 0.0917 0.0871 0.1063 0.1591 0.1938
Distribution rate 19.6% 17.3% 16% - - 18.8% 13.5% 12.4%
Net sales 1 508.4 600.6 691.9 623 583.7 723 889.8 1,045
EBITDA 1 130.3 144.5 159.1 127.5 124.1 153.3 201.8 235
EBIT 1 121 133.8 141.4 106 95.82 120.7 172.5 201.2
Net income 1 72.67 82.42 89.13 65.21 61.97 75.75 113.5 136.8
Net Debt 1 -476.2 -421.4 -491 -448.9 -248.4 -315.5 -363.7 -483.5
Reference price 2 5.550 4.430 4.600 4.160 3.880 5.040 5.040 5.040
Nbr of stocks (in thousands) 712,317 711,317 711,317 711,317 711,317 711,317 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/25/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.52x4.53x21.38x0.4% 888M
30.81x5.27x19.16x0.85% 121B
27.18x5.01x17.55x2.21% 36.36B
21.4x1.83x13.19x2.19% 31.12B
30.13x4.02x15.19x0.11% 29.63B
19.97x3.38x10.9x1.55% 27.95B
21.3x3.09x13.33x1.1% 25.98B
23.03x2.82x12.15x1.64% 24.68B
26.02x3.27x15.98x1.74% 24.09B
95.41x36.02x78.55x0.4% 24.88B
Average 34.28x 6.92x 21.74x 1.22% 34.69B
Weighted average by Cap. 31.73x 6.40x 20.56x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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