Company Valuation: Stella Holdings

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 57.62 57.62 61.3 52.26 369 317.9
Change - 0% 6.4% -14.75% 606.17% -13.86%
Enterprise Value (EV) 1 38.26 58.19 88.19 60.86 458 418.6
Change - 52.07% 51.55% -30.98% 652.45% -8.59%
P/E 20.3x 19.1x 18.2x -3.63x 408x 153x
PBR 1.18x 1.15x 1.18x 1.41x 0.95x 0.79x
PEG - 3.04x 1.5x 0x -4x 1x
Capitalization / Revenue 0.8x 0.95x 1.04x 1.78x 1.74x 0.58x
EV / Revenue 0.53x 0.96x 1.5x 2.07x 2.15x 0.77x
EV / EBITDA 7.41x 16.3x 16.3x -4.25x 30.8x 12.1x
EV / EBIT 7.93x 18x 17.5x -3.84x 80.9x 31x
EV / FCF 1.84x -52.1x 41.8x -9.66x - -38.1x
FCF Yield 54.3% -1.92% 2.39% -10.4% - -2.63%
Dividend per Share 2 0.025 0.025 0.025 - - -
Rate of return 2.91% 2.91% 2.73% - - -
EPS 2 0.0424 0.0451 0.0504 -0.2148 0.00217 0.004799
Distribution rate 59% 55.5% 49.6% - - -
Net sales 1 72.08 60.51 58.96 29.35 212.6 546.8
EBITDA 1 5.164 3.563 5.416 -14.32 14.86 34.69
EBIT 1 4.826 3.226 5.053 -15.85 5.66 13.51
Net income 1 2.84 3.018 3.382 -14.39 0.6123 2.088
Net Debt 1 -19.36 0.5696 26.88 8.602 88.92 100.8
Reference price 2 0.8600 0.8600 0.9150 0.7800 0.8850 0.7350
Nbr of stocks (in thousands) 67,000 67,000 67,000 67,000 417,000 432,500
Announcement Date 8/18/20 7/15/21 7/20/22 7/27/23 10/30/24 10/30/25
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 88.36M
55.72x2.55x24.31x0.07% 96.08B
12.6x1.08x5.89x4.64% 73.8B
26.61x2.04x20.08x1.15% 57.46B
33.94x4.27x23.16x0.2% 57.92B
52.51x4.16x26.45x1.74% 41.94B
31.06x0.76x12.67x1.99% 39.1B
24.48x0.5x7.9x2.41% 33.78B
23.6x1.61x14.87x0.2% 34.1B
5.04x0.31x5.82x5.83% 26.9B
Average 29.51x 1.92x 15.68x 2.02% 46.12B
Weighted average by Cap. 32.45x 2.11x 16.92x 1.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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