Company Valuation: Vertice

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 48.13 69.16 47.88 41.71 66.98 46.5
Change - 43.67% -30.77% -12.88% 60.58% -30.57%
Enterprise Value (EV) 1 49.38 65.42 44.71 41.47 65.79 37.36
Change - 32.48% -31.66% -7.25% 58.64% -43.22%
P/E -1.97x -2.77x -1.17x -1.76x -8.76x -6.18x
PBR 0.48x 0.72x 0.71x 0.79x 1.39x 1.11x
PEG - 0.1x -0x 0x 0.1x 0.9x
Capitalization / Revenue 0.77x 1.55x 5.93x 1.4x 1.19x 1.43x
EV / Revenue 0.79x 1.47x 5.54x 1.39x 1.17x 1.15x
EV / EBITDA -16.3x -5.53x -1.88x -1.98x -7.1x -7.49x
EV / EBIT -14.8x -5.36x -1.87x -1.95x -6.84x -7.01x
EV / FCF 5.12x 6.68x 2.82x -4.53x 37.2x -
FCF Yield 19.5% 15% 35.5% -22.1% 2.69% -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1297 -0.0939 -0.1283 -0.0626 -0.0183 -0.017
Distribution rate - - - - - -
Net sales 1 62.13 44.66 8.072 29.75 56.25 32.41
EBITDA 1 -3.024 -11.84 -23.77 -20.98 -9.269 -4.987
EBIT 1 -3.328 -12.2 -23.96 -21.3 -9.62 -5.329
Net income 1 -24.49 -19.9 -35.83 -20.3 -6.981 -7.101
Net Debt 1 1.248 -3.734 -3.165 -0.2391 -1.188 -9.142
Reference price 2 0.2550 0.2600 0.1500 0.1100 0.1600 0.1050
Nbr of stocks (in thousands) 188,760 265,983 319,180 379,180 418,603 442,846
Announcement Date 8/28/20 8/30/21 7/28/22 7/31/23 7/31/24 10/31/25
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 15.16M
58.64x2.67x25.57x0.07% 99.36B
13.79x1.15x6.32x4.24% 79.69B
34.96x4.4x23.9x0.19% 58.85B
26.83x2.07x20.36x1.13% 58.68B
54.46x4.65x29.24x1.52% 47.33B
31.55x0.77x12.82x1.96% 38.94B
24.94x1.71x15.74x0.19% 35.7B
25.6x0.52x8.23x2.31% 34.92B
4.43x0.29x5.47x6.31% 27.8B
Average 30.58x 2.03x 16.40x 1.99% 48.13B
Weighted average by Cap. 33.81x 2.24x 17.72x 1.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA