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 8,705 - -
Change - -24.37% 38.89% 170.4% -17.75% -7.91% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 12,162 12,203 11,973
Change - -14.33% 10.14% 102.48% -5.16% -8.39% 0.34% -1.89%
P/E 74.4x 9.78x 10.4x 22.9x 18.3x 14.2x 13.6x 12.4x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.79x 0.76x 0.74x
PEG - 0x 0.3x 1x 5.87x 0.8x 3.01x 1.2x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 1.94x 1.86x 1.79x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.7x 2.61x 2.46x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 11.2x 10.8x 9.6x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 11.8x 11.3x 10.2x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 15.7x 17.3x 15.3x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 6.35% 5.77% 6.54%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0381 0.0418 0.0444
Rate of return 1.68% - 4% 1.78% 2.16% 2.98% 3.26% 3.47%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.0898 0.0939 0.1033
Distribution rate 125% - 41.7% 40.7% 39.4% 42.4% 44.5% 42.9%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,499 4,681 4,868
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,088 1,133 1,247
EBIT 1 132.3 487.8 606.4 899.8 895.3 1,026 1,077 1,175
Net income 1 56.39 - 407.9 502.2 517.7 608.7 638.8 699.1
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,457 3,498 3,268
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.280 1.280 1.280
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, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.14x2.69x11.11x3% 2.12B
56.5x - - - 60.57B
12.39x4.35x11.16x3.89% 39.21B
18.42x4.02x16.16x1.33% 28.36B
8.29x1.49x8.37x4.27% 27.6B
5.68x0.75x1.56x8.71% 27.62B
14.17x3.12x14.93x2.47% 26.09B
10x1.95x8.05x4.2% 20.08B
7.75x2.79x6.51x-.--% 18.35B
7.46x0.83x3.01x3% 19.07B
Average 15.48x 2.44x 8.98x 3.43% 26.91B
Weighted average by Cap. 21.19x 2.59x 9.22x 3.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sime Darby Property

Historical PBR trend

Valuation ratios - PBR - Sime Darby Property

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sime Darby Property

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sime Darby Property


Year-on-year evolution of the Yield

Valuation ratios - Yield - Sime Darby Property
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