Company Valuation: Thriven Global

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 112.1 79.31 51.96 57.43 71.1 38.29
Change - -29.27% -34.48% 10.53% 23.81% -46.15%
Enterprise Value (EV) 1 215.5 187.4 122.8 132.6 135.7 94.8
Change - -13.02% -34.46% 7.98% 2.28% -30.12%
P/E -17.8x -4.98x -7.52x -1.25x -2.75x -1.87x
PBR 0.6x 0.48x 0.33x 0.52x 0.84x 0.59x
PEG - -0x 0.1x -0x 0.1x 0.1x
Capitalization / Revenue 0.76x 0.92x 0.64x 0.63x 2.16x 1.94x
EV / Revenue 1.47x 2.18x 1.52x 1.46x 4.12x 4.81x
EV / EBITDA 14.2x -73.1x 52.2x -4.15x -10.4x -8.33x
EV / EBIT 18.6x -28.4x 130x -3.66x -8.19x -6.44x
EV / FCF 11.1x 52x 0.79x 16.3x 20.8x -13.5x
FCF Yield 8.97% 1.92% 126% 6.14% 4.8% -7.39%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0115 -0.0291 -0.0126 -0.0841 -0.0472 -0.0374
Distribution rate - - - - - -
Net sales 1 147 85.88 81.04 90.82 32.93 19.72
EBITDA 1 15.2 -2.564 2.355 -32 -13.07 -11.38
EBIT 1 11.6 -6.593 0.946 -36.2 -16.57 -14.73
Net income 1 -6.288 -15.94 -6.908 -46.01 -25.84 -20.47
Net Debt 1 103.4 108.1 70.88 75.21 64.56 56.51
Reference price 2 0.2050 0.1450 0.0950 0.1050 0.1300 0.0700
Nbr of stocks (in thousands) 546,944 546,944 546,944 546,944 546,944 546,944
Announcement Date 4/30/21 4/29/22 4/28/23 4/30/24 4/30/25 4/30/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 10.1M
15.22x4.85x13.05x3.33% 43.33B
9x1.53x8.01x3.94% 31.13B
17.84x3.98x16.25x1.38% 27.14B
5.5x0.67x1.42x9.06% 26.57B
13.43x3.03x14.6x2.62% 24.36B
8.07x0.89x3.26x2.77% 20.65B
10.77x2.08x9.73x4.13% 20.39B
13.28x6.52x17.43x1.6% 19.18B
10.63x1.68x14.54x3.55% 19.38B
Average 11.53x 2.80x 10.92x 3.6% 23.21B
Weighted average by Cap. 11.82x 2.91x 10.90x 3.66%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Thriven Global