Company Valuation: Progen Holdings Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 14.45 17.18 18.35 19.14 11.72 11.72
Change - 18.92% 6.82% 4.26% -38.78% 0%
Enterprise Value (EV) 1 16.85 19.56 21.38 13.41 5.21 5.467
Change - 16.06% 9.31% -37.28% -61.15% 4.93%
P/E -4.92x -6.42x 11.3x -17.2x -16.3x -16.9x
PBR 0.51x 0.66x 0.67x 0.73x 0.46x 0.47x
PEG - 0.73x -0x 0x 0.5x 4.51x
Capitalization / Revenue 4.79x 4.35x 3.5x 4.34x 2.06x 2.31x
EV / Revenue 5.59x 4.96x 4.08x 3.04x 0.91x 1.08x
EV / EBITDA -16.2x -24.5x -131x -14.8x -16.9x 116x
EV / EBIT -14.1x -20.9x -72.5x -12.9x -4.72x -7.43x
EV / FCF 83.6x 173x -2.16x 1.51x -34x -61.4x
FCF Yield 1.2% 0.58% -46.3% 66.1% -2.94% -1.63%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.007513 -0.006849 0.004174 -0.002844 -0.001843 -0.001774
Distribution rate - - - - - -
Net sales 1 3.014 3.946 5.237 4.406 5.698 5.062
EBITDA 1 -1.043 -0.799 -0.163 -0.906 -0.308 0.047
EBIT 1 -1.192 -0.934 -0.295 -1.036 -1.104 -0.736
Net income 1 -2.934 -2.675 1.651 -1.111 -0.72 -0.693
Net Debt 1 2.405 2.379 3.029 -5.723 -6.505 -6.248
Reference price 2 0.0370 0.0440 0.0470 0.0490 0.0300 0.0300
Nbr of stocks (in thousands) 390,512 390,512 390,512 390,512 390,512 390,512
Announcement Date 4/13/21 4/12/22 4/13/23 4/8/24 4/4/25 4/9/26
1SGD in Million2SGD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.01M
56.24x2.59x24.73x0.07% 97.81B
12.27x1.05x5.76x4.77% 71.68B
26.31x2.02x19.89x1.17% 56.38B
34.81x4.38x23.78x0.19% 59.41B
50.68x4.03x25.66x1.8% 40.39B
28.93x0.71x11.79x2.14% 36.35B
23.83x1.63x15.02x0.19% 34.43B
22.95x0.47x7.39x2.57% 31.6B
5.02x0.31x5.81x5.85% 26.79B
Average 29.00x 1.91x 15.54x 2.08% 45.48B
Weighted average by Cap. 32.34x 2.14x 17.01x 1.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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