Company Valuation: Sime Darby Property

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,046 3,060 4,251 11,493 9,453 9,657 - -
Change - -24.37% 38.89% 170.4% -17.75% 2.16% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 13,357 13,322 12,632
Change - -14.33% 10.14% 102.48% -5.16% 0.61% -0.26% -5.18%
P/E Ratio 74.4x 9.78x 10.4x 22.9x 18.3x 16.1x 14.9x 13.8x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.88x 0.84x 0.82x
PEG - 0x 0.3x 1x 5.87x 1x 1.85x 1.8x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 2.13x 2.06x 2.02x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.95x 2.84x 2.64x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 12.4x 11.8x 10.5x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 13.2x 12.3x 11.1x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 17.3x 18.9x 16.7x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 5.78% 5.28% 5.98%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0353 0.0385 0.0416
Rate of return 1.68% - 4% 1.78% 2.16% 2.49% 2.71% 2.93%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.0884 0.0955 0.1028
Distribution rate 125% - 41.7% 40.7% 39.4% 40% 40.3% 40.4%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,532 4,696 4,778
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,079 1,132 1,198
EBIT 1 132.3 487.8 606.4 899.8 895.3 1,014 1,082 1,138
Net income 1 56.39 - 407.9 502.2 517.7 599.1 649.3 694.8
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,700 3,665 2,974
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.420 1.420 1.420
Nbr of stocks (in thousands) 6,800,839 6,800,839 6,800,839 6,800,839 6,800,839 6,800,839 - -
Announcement Date 2/24/22 2/28/23 2/23/24 2/26/25 2/26/26 - - -
1MYR in Million2MYR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.77x4.62x12.67x3.39% 42.6B
9.32x1.55x7.76x3.83% 33.56B
22.67x4.41x18.52x1.12% 31.05B
5.48x0.52x1.05x9.26% 25.99B
15.51x3.18x15.71x2.26% 26.04B
11.8x1.78x15.12x3.2% 21.81B
9.31x2.24x7.72x3.99% 20.34B
15.04x6.62x18.77x1.26% 19.96B
Average 12.99x 3.12x 12.16x 3.54% 27.67B
Weighted average by Cap. 13.28x 3.16x 12.07x 3.54%

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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