Company Valuation: PMB Technology

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 939.4 2,611 5,215 4,450 3,232 2,205
Change - 178% 99.69% -14.67% -27.36% -31.79%
Enterprise Value (EV) 1 1,334 3,029 5,608 5,201 3,934 2,998
Change - 126.97% 85.16% -7.25% -24.36% -23.79%
P/E 59.1x 24.7x 56.3x 88x 48.7x -171x
PBR 1.69x 3.6x 5.75x 4.66x 2.34x 1.61x
PEG - 0x -2.2x -1.5x 3.9x 1x
Capitalization / Revenue 1.55x 2.86x 4.41x 4.5x 3.58x 2.54x
EV / Revenue 2.21x 3.32x 4.74x 5.26x 4.36x 3.46x
EV / EBITDA 22.2x 12.4x 28.1x 49x 31.1x 67.9x
EV / EBIT 37.2x 14.2x 33.3x 70.4x 42.1x 430x
EV / FCF -46.5x -48.1x -76.4x -15.5x -14.2x -46.5x
FCF Yield -2.15% -2.08% -1.31% -6.47% -7.06% -2.15%
Dividend per Share 2 0.002 0.01 - - - -
Rate of return 0.22% 0.41% - - - -
EPS 2 0.0155 0.0995 0.0745 0.0316 0.0355 -0.0069
Distribution rate 12.9% 10.1% - - - -
Net sales 1 604.8 913.2 1,183 989.6 902.4 867
EBITDA 1 60.18 244 199.2 106.1 126.6 44.18
EBIT 1 35.86 213.5 168.3 73.86 93.52 6.974
Net income 1 22.71 152.8 110.4 44.75 58.06 -12.83
Net Debt 1 395 417.1 392.8 751.4 701.8 793.3
Reference price 2 0.916 2.456 4.200 2.780 1.730 1.180
Nbr of stocks (in thousands) 1,025,522 1,063,309 1,241,629 1,600,699 1,868,404 1,868,404
Announcement Date 5/28/21 4/29/22 4/28/23 4/29/24 4/29/25 4/29/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 791M
6.67x1.1x4.05x - 31.64B
5.24x0.99x2.98x12.45% 26.48B
8.33x0.86x6.17x0.61% 21.81B
5.42x0.62x2.66x6.54% 21.43B
8.64x0.76x4.52x6.17% 16.35B
21.9x3.48x13.78x1.51% 14.46B
56.24x - - - 13.63B
6.91x1.15x4.16x4.65% 13.55B
Average 14.92x 1.28x 5.47x 5.32% 17.79B
Weighted average by Cap. 12.34x 1.17x 5.00x 5.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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