Company Valuation: Sentral REIT

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 970 959.2 938.5 950.4 950.4 789 - -
Change - -1.1% -2.17% 1.27% 0% -16.98% - -
Enterprise Value (EV) 1 1,682 1,684 2,016 2,032 2,081 1,849 1,844 1,839
Change - 0.11% 19.73% 0.78% 2.41% -11.17% -0.23% -0.31%
P/E 13.8x 18.3x 11.6x 12.1x 16.2x 9.66x 9.38x 9.34x
PBR 0.74x 0.74x 0.69x 0.69x 0.69x 0.59x 0.56x 0.56x
PEG - -0.7x 0.3x -5.44x -0.6x 0.2x 3.2x 19.32x
Capitalization / Revenue 6.04x 6.44x 5.82x 4.97x 5.02x 4.01x 3.85x 3.8x
EV / Revenue 10.5x 11.3x 12.5x 10.6x 11x 9.4x 9x 8.86x
EV / EBITDA 15.5x 16.7x 18.3x 15.3x 16.4x 14.4x 13.7x 13.4x
EV / EBIT 15.6x 16.8x 18.3x 15.3x 16.4x 14.4x 13.7x 13.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.0741 0.0682 0.0668 0.0636 0.0615 0.0627 0.0677 0.0677
Rate of return 8.19% 7.62% 8.51% 8% 7.74% 9.5% 10.3% 10.3%
EPS 2 0.0655 0.0488 0.0674 0.0659 0.049 0.0683 0.0703 0.0707
Distribution rate 113% 140% 99.1% 96.5% 126% 91.7% 96.2% 95.8%
Net sales 1 160.6 148.9 161.2 191.1 189.4 196.7 204.9 207.5
EBITDA 1 108.3 100.6 110.3 133.1 126.5 128 135 137
EBIT 1 108.1 100.5 110.3 133.1 126.5 128 135 137
Net income 1 70.25 52.27 72.71 78.81 58.64 80.13 85 85.87
Net Debt 1 712.1 724.7 1,078 1,082 1,131 1,060 1,055 1,050
Reference price 2 0.9050 0.8950 0.7850 0.7950 0.7950 0.6600 0.6600 0.6600
Nbr of stocks (in thousands) 1,071,783 1,071,783 1,195,503 1,195,503 1,195,503 1,195,503 - -
Announcement Date 1/20/22 1/19/23 1/23/24 1/22/25 1/22/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.66x9.4x14.44x9.5% 193M
29.84x7.13x12.58x4.44% 10.09B
24.03x16.07x26.04x4.1% 6.84B
22.56x15.65x26.18x4.52% 5.27B
158.19x7.75x12.11x4.55% 4.66B
38.16x12.25x15.99x6.31% 4.36B
9.29x13.09x14.1x6.65% 4.22B
140.37x7.57x13.16x6.41% 3.98B
23.79x8.29x15.19x3.72% 3.88B
Average 50.65x 10.80x 16.64x 5.58% 4.83B
Weighted average by Cap. 50.12x 10.88x 17.08x 4.95%

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

  1. Stock Market
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  3. 5123 Stock
  4. Valuation Sentral REIT
-40%: Exceptional extension
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