Company Valuation: Watta Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 46.89 43.51 45.2 49.84 36.33 32.1
Change - -7.21% 3.88% 10.28% -27.12% -11.63%
Enterprise Value (EV) 1 28.69 26.9 29.34 36.11 24.52 22.03
Change - -6.24% 9.09% 23.06% -32.08% -10.16%
P/E -32.6x -37.4x -52.4x -25.3x -25.4x -24.6x
PBR 0.83x 0.79x 0.83x 0.95x 0.71x 0.65x
PEG - 2x 2x -0x 0.9x 2.84x
Capitalization / Revenue 3.84x 3.63x 4.05x 5.79x 5.61x 7.66x
EV / Revenue 2.35x 2.25x 2.63x 4.19x 3.79x 5.25x
EV / EBITDA -9.95x -17.4x -23.3x -15.1x -11.1x -10.3x
EV / EBIT -9.85x -17.2x -23x -15x -11x -10.3x
EV / FCF -17.6x -28.5x 75.5x -32.4x -35.9x -23.4x
FCF Yield -5.7% -3.51% 1.33% -3.09% -2.79% -4.28%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.017 -0.0138 -0.0102 -0.0233 -0.0169 -0.0155
Distribution rate - - - - - -
Net sales 1 12.2 11.98 11.16 8.609 6.477 4.193
EBITDA 1 -2.884 -1.545 -1.262 -2.388 -2.211 -2.133
EBIT 1 -2.912 -1.567 -1.276 -2.403 -2.224 -2.145
Net income 1 -1.437 -1.163 -0.8619 -1.969 -1.43 -1.306
Net Debt 1 -18.2 -16.61 -15.85 -13.73 -11.8 -10.07
Reference price 2 0.5550 0.5150 0.5350 0.5900 0.4300 0.3800
Nbr of stocks (in thousands) 84,480 84,480 84,480 84,480 84,480 84,480
Announcement Date 4/28/21 4/28/22 4/27/23 4/29/24 4/29/25 4/29/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 8.68M
33.31x4.36x18.51x1.52% 1.8B
13.41x0.99x6.71x4.33% 1.42B
23.28x1.5x12.59x0.7% 1.06B
14.48x - - 2.13% 119M
Average 21.12x 2.28x 12.60x 2.17% 879.62M
Weighted average by Cap. 23.96x 2.53x 13.13x 2.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Watta Holding