Company Valuation: Sunway

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,409 7,920 11,239 29,592 37,994 34,005 - -
Change - -5.81% 41.9% 163.31% 28.39% -10.5% - -
Enterprise Value (EV) 1 14,311 15,019 18,589 36,114 46,337 42,058 42,367 42,413
Change - 4.95% 23.77% 94.28% 28.31% -9.23% 0.73% 0.11%
P/E 3.83x 15.5x 18.3x 28.6x 29.5x 26.1x 23.9x 22.6x
PBR 0.84x 0.76x 0.96x 2.13x 2.36x 1.97x 1.86x 1.77x
PEG - -0.2x 2.36x 0.6x 2.1x 24.03x 2.57x 3.84x
Capitalization / Revenue 2.26x 1.52x 1.83x 3.75x 3.87x 2.85x 2.54x 2.38x
EV / Revenue 3.85x 2.89x 3.03x 4.58x 4.72x 3.52x 3.17x 2.97x
EV / EBITDA 26.3x 21x 22.2x 34.3x 30.9x 26.1x 24.1x 21.6x
EV / EBIT 43.8x 24.3x 26.7x 40.7x 34.4x 26.5x 24.4x 22.5x
EV / FCF 88.1x - 65.8x 24.9x 18.7x -52.5x 40.8x 29.9x
FCF Yield 1.13% - 1.52% 4.02% 5.34% -1.91% 2.45% 3.35%
Dividend per Share 2 0.025 0.035 0.055 0.06 0.06 0.0726 0.0806 0.0869
Rate of return 1.45% 2.16% 2.67% 1.25% 1.07% 1.44% 1.6% 1.73%
EPS 2 0.4491 0.1043 0.1124 0.1674 0.1906 0.1927 0.2106 0.223
Distribution rate 5.57% 33.6% 48.9% 35.8% 31.5% 37.7% 38.2% 39%
Net sales 1 3,714 5,195 6,140 7,882 9,813 11,933 13,377 14,294
EBITDA 1 543.4 713.6 838.3 1,054 1,499 1,610 1,755 1,967
EBIT 1 327.1 618.5 696.9 887.3 1,347 1,588 1,733 1,887
Net income 1 2,665 676.7 737.8 1,154 1,304 1,286 1,400 1,470
Net Debt 1 5,901 7,099 7,350 6,522 8,343 8,053 8,362 8,408
Reference price 2 1.720 1.620 2.060 4.790 5.620 5.030 5.030 5.030
Nbr of stocks (in thousands) 4,889,070 4,889,075 5,455,663 6,177,963 6,760,421 6,760,421 - -
Announcement Date 2/25/22 2/23/23 2/21/24 2/26/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.21x3.54x26.22x1.44% 8.37B
24.25x - - -.--% 1,070B
23.19x1.89x11.67x1.22% 132B
30.69x2.17x16.1x0.79% 78.94B
20.28x3.56x12.21x2.08% 80.69B
23.39x5.09x17.33x2.47% 76.27B
23.26x1.79x13.04x1.17% 71.72B
30.69x3.89x17.34x3.49% 69.82B
38.01x2.58x13.33x3.03% 23.46B
Average 26.66x 3.06x 15.90x 1.74% 179.03B
Weighted average by Cap. 24.68x 2.93x 14.40x 0.61%

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