Company Valuation: ViTrox Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,408 7,227 6,892 7,586 7,535 18,778 - -
Change - -23.18% -4.64% 10.08% -0.67% 149.2% - -
Enterprise Value (EV) 1 9,187 6,929 6,565 7,294 7,219 18,489 18,370 18,183
Change - -24.58% -5.25% 11.1% -1.03% 156.14% -0.64% -1.02%
P/E 27.7x 39.5x 54x 84.2x 56.7x 59.5x 49.3x 41.9x
PBR 6.61x 8.26x 7.19x 7.45x 6.65x 13.7x 11.6x 9.52x
PEG - -0.9x -1.8x -2.9x 1.2x 0x 2.4x 2.3x
Capitalization / Revenue 13.8x 9.63x 12x 13.7x 8.94x 13.3x 11.6x 9.98x
EV / Revenue 13.5x 9.24x 11.4x 13.2x 8.56x 13.1x 11.3x 9.66x
EV / EBITDA 51.3x 34.2x 49.4x 82.1x 44.6x 49.5x 42.5x 36.5x
EV / EBIT 53.2x 35.7x 54x 95.9x 49.2x 51.8x 44.4x 37.9x
EV / FCF 101x 55.7x 95.3x 972x 183x -841x 82x 58x
FCF Yield 0.99% 1.8% 1.05% 0.1% 0.55% -0.12% 1.22% 1.72%
Dividend per Share 2 0.025 0.0208 - 0.012 0.0181 0.0456 0.0616 0.07
Rate of return 0.5% 0.54% - 0.3% 0.45% 0.46% 0.62% 0.71%
EPS 2 0.1796 0.0968 0.0674 0.0476 0.0702 0.1666 0.2008 0.2367
Distribution rate 13.9% 21.4% - 25.2% 25.8% 27.3% 30.6% 29.5%
Net sales 1 680.1 750.2 574.9 552.3 843.1 1,414 1,620 1,882
EBITDA 1 179.1 202.8 132.8 88.85 162 373.8 432.6 498.4
EBIT 1 172.5 194.3 121.7 76.03 146.8 357.1 414.1 479.4
Net income 1 169.7 200.8 128.3 90.36 133.2 315.4 380.4 448.4
Net Debt 1 -220.8 -297.8 -326.6 -292.3 -316.6 -288.3 -407.3 -594.3
Reference price 2 4.980 3.825 3.645 4.010 3.980 9.910 9.910 9.910
Nbr of stocks (in thousands) 1,889,069 1,889,312 1,890,703 1,891,835 1,893,238 1,894,820 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/27/25 2/26/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
60.02x13.2x49.92x0.46% 4.64B
22.79x12.95x19.62x0.33% 5,486B
23.01x11.3x15.32x1.09% 2,014B
38.52x16.23x23.84x0.73% 1,695B
14.5x8.9x10.7x0.05% 1,203B
106.29x19.25x73.16x-.--% 992B
5x3.22x3.89x0.2% 949B
-50.23x10.02x27.88x-.--% 609B
232.94x51.14x104.16x-.--% 314B
Average 50.32x 16.25x 36.50x 0.32% 1,474B
Weighted average by Cap. 30.68x 13.29x 23.97x 0.42%

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

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