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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 12.97M
65.05x2.81x27.51x0.07% 94.32B
13.09x1.06x5.81x4.48% 71.3B
38.8x4.75x26.33x0.17% 58.83B
25.27x1.93x18.78x1.23% 54.5B
55.39x4.6x29.44x1.64% 45.98B
33.09x0.78x13.13x1.92% 39.23B
27.88x0.54x8.68x2.14% 35.71B
25.4x1.65x15.86x0.19% 33.07B
4.66x0.29x6.25x6.11% 27.62B
Average 32.07x 2.05x 16.86x 2% 46.06B
Weighted average by Cap. 35.91x 2.28x 18.36x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA