Company Valuation: TSH Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,491 1,477 1,346 1,709 1,548 1,732 - -
Change - -0.93% -8.88% 26.98% -9.41% 11.9% - -
Enterprise Value (EV) 1 2,325 1,662 1,398 1,703 1,445 1,477 1,339 1,194
Change - -28.5% -15.92% 21.87% -15.18% 2.26% -9.39% -10.83%
P/E 8.82x 3.23x 14.2x 12.3x 8.75x 12.1x 11.1x 11.6x
PBR 0.91x 0.78x 0.66x 0.86x 0.84x 0.87x 0.83x 0.83x
PEG - 0x -0.2x 0.3x 0.2x -0.7x 1.18x -2.68x
Capitalization / Revenue 1.25x 1.13x 1.26x 1.68x 1.46x 1.64x 1.59x 1.6x
EV / Revenue 1.96x 1.27x 1.31x 1.67x 1.36x 1.4x 1.23x 1.1x
EV / EBITDA 6.38x 4.88x 4.74x 4.83x 3.58x 4.57x 4.08x 3.58x
EV / EBIT 9.19x 6.96x 7.23x 7.6x 4.92x 6.4x 5.36x 5.12x
EV / FCF 6.67x 11.5x 8.31x 9.14x 5.81x 6.31x 6.01x 5.15x
FCF Yield 15% 8.69% 12% 10.9% 17.2% 15.9% 16.6% 19.4%
Dividend per Share 2 - 0.105 0.025 0.025 0.05 0.0421 0.0434 0.0492
Rate of return - 9.81% 2.56% 2% 4.1% 2.99% 3.08% 3.49%
EPS 2 0.1225 0.3315 0.0688 0.1019 0.1395 0.1161 0.127 0.1215
Distribution rate - 31.7% 36.3% 24.5% 35.8% 36.3% 34.2% 40.5%
Net sales 1 1,189 1,308 1,067 1,020 1,062 1,053 1,088 1,080
EBITDA 1 364.1 341 294.6 352.4 403.2 323.3 328.3 333.3
EBIT 1 253 239 193.4 224.2 293.9 230.8 249.9 233.4
Net income 1 169 457.5 94.96 140.5 182.9 148.9 163.2 157.1
Net Debt 1 834.2 185.5 51.98 -5.421 -103.2 -254.8 -393.6 -538.6
Reference price 2 1.080 1.070 0.975 1.250 1.220 1.410 1.410 1.410
Nbr of stocks (in thousands) 1,380,174 1,380,174 1,380,174 1,367,007 1,268,857 1,228,565 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/27/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.06x1.39x4.53x3.01% 422M
-32.07x1.17x68.08x-.--% 14.82B
9.45x1.12x9.23x4.48% 5.57B
30.19x1.9x14.5x1.31% 3.53B
13.4x1.48x7.01x1.85% 2.93B
14.3x0.83x8.87x - 1.93B
13.11x1.96x6.4x4.63% 1.71B
Average 8.64x 1.41x 16.94x 2.55% 4.42B
Weighted average by Cap. -7.18x 1.30x 37.61x 1.52%

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

  1. Stock Market
  2. Stocks
  3. 9059 Stock
  4. Valuation TSH Resources
-40%: Exceptional extension
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