Company Valuation: Sern Kou Resources

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 311.7 416.8 588.5 636.1 981.1 884
Change - 33.72% 41.2% 8.09% 54.24% -9.89%
Enterprise Value (EV) 1 378.1 448.2 604.8 633.6 1,027 944.5
Change - 18.54% 34.94% 4.76% 62.13% -8.06%
P/E 21.7x 30.2x 76.4x 421x -70.4x -150x
PBR 2.83x 2.23x 2.9x 2.73x 4.49x 4.15x
PEG - -4.34x -1.6x -5x 0x 2.6x
Capitalization / Revenue 1.04x 1.28x 1.74x 1.67x 1.99x 1.82x
EV / Revenue 1.26x 1.38x 1.79x 1.66x 2.08x 1.94x
EV / EBITDA 14.1x 15.4x 29.9x 97.5x -145x 657x
EV / EBIT 15.5x 17.3x 36.3x 201x -100x -617x
EV / FCF -29.3x 16.1x 235x -36.9x -27.9x -77.2x
FCF Yield -3.41% 6.21% 0.43% -2.71% -3.59% -1.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0187 0.0174 0.0091 0.0014 -0.0129 -0.005457
Distribution rate - - - - - -
Net sales 1 300.1 324.7 338.3 380.6 493.8 486.7
EBITDA 1 26.91 29.04 20.2 6.497 -7.064 1.437
EBIT 1 24.46 25.98 16.68 3.155 -10.25 -1.53
Net income 1 16.94 17.56 9.213 1.302 -13.94 -5.884
Net Debt 1 66.44 31.44 16.32 -2.465 46.21 60.45
Reference price 2 0.4067 0.5250 0.6950 0.5900 0.9100 0.8200
Nbr of stocks (in thousands) 766,455 793,875 846,757 1,078,098 1,078,098 1,078,098
Announcement Date 10/27/20 10/27/21 10/27/22 10/26/23 10/24/24 10/23/25
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 224M
23.77x2.5x13.66x0.94% 15.3B
9.28x0.8x5.48x6.57% 2.75B
13.55x - - - 1.6B
4.98x0.33x4.51x3.01% 1.44B
9.71x1.83x6.21x1.98% 1.41B
9.02x0.96x5.22x7.9% 1.14B
12.7x - - 10.62% 1.03B
30.63x2.05x17.86x - 863M
Average 14.20x 1.41x 8.82x 5.17% 2.86B
Weighted average by Cap. 18.86x 2.02x 11.38x 2.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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