Company Valuation: Spritzer

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 440.9 463.7 578.8 977.4 1,700 1,914 - -
Change - 5.16% 24.83% 68.86% 73.94% 12.61% - -
Enterprise Value (EV) 1 440.9 458.1 548.6 955.8 1,655 1,870 1,826 1,769
Change - 3.89% 19.75% 74.24% 73.2% 12.95% -2.35% -3.12%
P/E 18.7x 13.1x 12.1x 6.98x 19x 17.9x 16.6x 15.3x
PBR - 1.22x 1.1x 0.84x 2.58x 2.67x 2.46x 2.17x
PEG - 0.3x 0.4x 0x -0.5x 0.9x 2.11x 1.78x
Capitalization / Revenue 1.33x 1.07x 1.18x 1.69x 2.59x 2.59x 2.38x 2.24x
EV / Revenue 1.33x 1.06x 1.12x 1.65x 2.52x 2.53x 2.27x 2.07x
EV / EBITDA 8.82x 6.99x 6.11x 8.45x 10.7x 11.3x 10.1x 9.04x
EV / EBIT 14.3x 9.95x 8.12x 11.6x 13.5x 13.4x 11.9x 10.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.015 0.0208 0.0275 - - 0.0548 0.0608 0.0665
Rate of return 2.14% 2.81% 3.01% - - 1.83% 2.03% 2.22%
EPS 2 0.0374 0.0567 0.0759 0.2199 0.1406 0.1673 0.1805 0.196
Distribution rate 40.1% 36.8% 36.2% - - 32.7% 33.7% 33.9%
Net sales 1 331 433.3 490.7 579 656.9 740 804.2 856.5
EBITDA 1 50 65.56 89.8 113.1 154.9 165 180.1 195.7
EBIT 1 30.87 46.06 67.54 82.06 122.5 139.9 153 165.9
Net income 1 24.24 36.96 49.49 71.11 90.76 105.3 115.2 125.2
Net Debt 1 - -5.596 -30.24 -21.58 -44.6 -44.6 -88.6 -145.5
Reference price 2 0.700 0.740 0.915 1.535 2.670 2.990 2.990 2.990
Nbr of stocks (in thousands) 629,906 626,608 632,583 636,738 636,738 640,275 - -
Announcement Date 2/25/22 2/27/23 2/28/24 2/28/25 2/27/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.87x2.53x11.33x1.83% 467M
25.82x8x22.9x2.46% 372B
15.49x2.68x11.24x3.01% 42.31B
19.54x1.73x10.82x2.3% 23.65B
16.25x1.43x7.02x4.6% 19.08B
43.25x5.74x25x0.43% 15.61B
11.01x1.88x10.8x4.16% 15.07B
15.56x0.65x4.9x2.69% 8.82B
26.02x1.92x8.86x2.07% 8.45B
Average 21.20x 2.95x 12.54x 2.62% 56.21B
Weighted average by Cap. 24.22x 6.53x 19.91x 2.56%

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