Company Valuation: SWS Capital

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 165.1 84.63 81.15 86.15 57.43 45.34
Change - -48.75% -4.12% 6.16% -33.33% -21.05%
Enterprise Value (EV) 1 198.4 131.3 105.3 105.6 72.14 36.51
Change - -33.84% -19.74% 0.28% -31.71% -49.4%
P/E Ratio -59.7x 29.1x 29.5x -11.9x -16.4x -3.41x
PBR 1.6x 0.77x 0.58x 0.59x 0.38x 0.31x
PEG - -0x -1.1x 0x 0.3x -0x
Capitalization / Revenue 1.18x 0.53x 0.51x 0.7x 0.47x 0.72x
EV / Revenue 1.42x 0.82x 0.67x 0.85x 0.6x 0.58x
EV / EBITDA 28.6x 11.9x 9.22x 36.8x 17.1x 9.02x
EV / EBIT 95.5x 20.4x 15.9x -60.6x 245x 47x
EV / FCF 33.8x -9.25x 9.27x 16.5x 25.3x 1.15x
FCF Yield 2.96% -10.8% 10.8% 6.06% 3.95% 86.6%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0134 0.0137 0.01 -0.024 -0.0116 -0.044
Distribution rate - - - - - -
Net sales 1 139.6 159.7 158.4 123.6 121.2 62.66
EBITDA 1 6.939 11.01 11.43 2.87 4.217 4.047
EBIT 1 2.077 6.419 6.612 -1.743 0.295 0.777
Net income 1 -2.459 2.906 2.612 -6.613 -3.5 -13.3
Net Debt 1 33.25 46.62 24.2 19.49 14.71 -8.835
Reference price 2 0.8000 0.4000 0.2950 0.2850 0.1900 0.1500
Nbr of stocks (in thousands) 206,428 211,578 275,078 302,278 302,278 302,278
Announcement Date 5/28/21 4/29/22 4/27/23 4/26/24 4/23/25 4/24/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 8.54M
22.38x2.38x13x0.99% 14.4B
10.87x0.97x6.58x5.59% 3.23B
11.38x2.24x7.62x1.69% 1.65B
15.13x - - - 1.53B
4.8x0.31x4.52x2.43% 1.35B
8.08x0.91x4.64x9.3% 1.21B
14.46x - - 9.25% 1.19B
Average 12.44x 1.36x 7.27x 4.88% 3.07B
Weighted average by Cap. 17.62x 1.95x 10.65x 2.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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