Company Valuation: PETRONAS Chemicals Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 71,360 68,800 57,280 41,360 29,040 46,560 - -
Change - -3.59% -16.74% -27.79% -29.79% 60.33% - -
Enterprise Value (EV) 1 58,820 64,443 53,144 36,741 22,883 39,201 38,144 36,650
Change - 9.56% -17.53% -30.87% -37.72% 71.31% -2.7% -3.92%
P/E ratio 9.7x 10.9x 34.1x 34.5x -13.4x 42.2x 46.7x 40.7x
PBR 2.04x 1.76x 1.42x 1.07x 0.81x 1.25x 1.23x 1.22x
PEG - -0.8x -0.5x -1.2x 0x -0x -4.79x 2.7x
Capitalization / Revenue 3.1x 2.38x 2x 1.35x 1.06x 1.51x 1.54x 1.5x
EV / Revenue 2.55x 2.23x 1.85x 1.2x 0.83x 1.27x 1.26x 1.18x
EV / EBITDA 7.1x 7.97x 14x 10.4x 12.1x 9.44x 9.27x 8.82x
EV / EBIT 8.39x 9.71x 24.6x 17.9x -16.7x 24.5x 27.4x 24.8x
EV / FCF 8.85x 10.4x 19.2x 16.9x 21.5x 9.66x 16.9x 14.6x
FCF Yield 11.3% 9.57% 5.21% 5.92% 4.65% 10.4% 5.92% 6.85%
Dividend per Share 2 0.46 0.41 0.13 0.13 0.07 0.1 0.0969 0.09
Rate of return 5.16% 4.77% 1.82% 2.51% 1.93% 1.72% 1.66% 1.55%
EPS 2 0.92 0.79 0.21 0.15 -0.27 0.138 0.1246 0.1431
Distribution rate 50% 51.9% 61.9% 86.7% -25.9% 72.4% 77.8% 62.9%
Net sales 1 23,025 28,953 28,667 30,671 27,480 30,814 30,293 31,005
EBITDA 1 8,287 8,090 3,796 3,534 1,899 4,152 4,113 4,154
EBIT 1 7,010 6,634 2,156 2,057 -1,372 1,597 1,394 1,476
Net income 1 7,345 6,327 1,696 1,175 -2,142 426.6 775 713.6
Net Debt 1 -12,540 -4,357 -4,136 -4,619 -6,157 -7,359 -8,416 -9,910
Reference price 2 8.920 8.600 7.160 5.170 3.630 5.820 5.820 5.820
Nbr of stocks (in thousands) 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 - -
Announcement Date 2/24/22 2/23/23 2/26/24 2/21/25 2/23/26 - - -
1MYR in Million2MYR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.16x1.27x9.44x1.72% 11.74B
27.2x4.24x13.63x2.04% 128B
23.52x1.49x8.46x5.24% 48B
22.72x1.86x11.3x1.37% 40.84B
15.29x4.04x10.74x2.98% 31.84B
-853.35x4.93x137.99x - 30.76B
23.44x1.19x11.34x2.06% 23.88B
33.51x4.4x18.67x0.52% 24.55B
17.01x1.08x8.94x3.74% 23.75B
31.75x2.58x25.33x2.37% 20.39B
Average -61.67x 2.71x 25.58x 2.45% 38.34B
Weighted average by Cap. -45.13x 3.13x 22.86x 2.5%

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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  4. Valuation PETRONAS Chemicals Group