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 1,450 - -
Change - -0.93% -8.88% 26.98% -9.41% -6.35% - -
Enterprise Value (EV) 1 2,325 1,662 1,398 1,703 1,445 1,195 1,056 911.1
Change - -28.5% -15.92% 21.87% -15.18% -17.3% -11.62% -13.73%
P/E 8.82x 3.23x 14.2x 12.3x 8.75x 10.2x 9.29x 9.71x
PBR 0.91x 0.78x 0.66x 0.86x 0.84x 0.72x 0.7x 0.69x
PEG - 0x -0.2x 0.3x 0.2x -0.6x 0.99x -2.24x
Capitalization / Revenue 1.25x 1.13x 1.26x 1.68x 1.46x 1.38x 1.33x 1.34x
EV / Revenue 1.96x 1.27x 1.31x 1.67x 1.36x 1.13x 0.97x 0.84x
EV / EBITDA 6.38x 4.88x 4.74x 4.83x 3.58x 3.64x 3.17x 2.68x
EV / EBIT 9.19x 6.96x 7.23x 7.6x 4.92x 5.18x 4.23x 3.9x
EV / FCF 6.67x 11.5x 8.31x 9.14x 5.81x 5.1x 4.74x 3.93x
FCF Yield 15% 8.69% 12% 10.9% 17.2% 19.6% 21.1% 25.4%
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% 3.57% 3.68% 4.17%
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 1 364.1 341 294.6 352.4 403.2 328.4 333.5 339.7
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 1.180 1.180 1.180
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.($)
10.16x1.13x3.64x3.57% 355M
-155.52x2.05x18.44x0.14% 35.1B
-32.54x1.18x69x-.--% 15.05B
18.51x0.5x9.67x2.82% 10.85B
8.79x1.09x9.04x4.82% 5.12B
12.03x0.34x4.67x1.59% 4.8B
-16.11x0.67x17.68x0.12% 4.58B
-20.71x - - - 3.99B
17.93x - - 3.93% 3.38B
Average -17.50x 1.00x 18.88x 2.12% 9.25B
Weighted average by Cap. -68.94x 1.40x 25.59x 1.05%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TSH Resources

Historical PBR trend

Valuation ratios - PBR - TSH Resources

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TSH Resources

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TSH Resources


Year-on-year evolution of the Yield

Valuation ratios - Yield - TSH Resources
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