Company Valuation: White Horse

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 146.9 140 134.5 138.9 158.8 138.9
Change - -4.66% -3.94% 3.28% 14.29% -12.5%
Enterprise Value (EV) 1 153.9 32.19 92.47 62.93 84.22 31.95
Change - -79.08% 187.26% -31.94% 33.83% -62.07%
P/E -2.66x 8.56x 170x -8.38x -14.6x -19x
PBR 0.25x 0.23x 0.23x 0.24x 0.28x 0.25x
PEG - -0x -1.8x 0x 0.4x 0.6x
Capitalization / Revenue 0.36x 0.35x 0.33x 0.33x 0.36x 0.37x
EV / Revenue 0.38x 0.08x 0.22x 0.15x 0.19x 0.08x
EV / EBITDA -4.79x -1.44x 5.99x -8.03x 52.2x 39.7x
EV / EBIT -2.33x -0.66x -10.8x -2.93x -8.12x -3.01x
EV / FCF 3.54x 0.37x -1.65x 2.05x 5.6x 1.38x
FCF Yield 28.2% 267% -60.8% 48.8% 17.9% 72.6%
Dividend per Share 2 - 0.03 - - - -
Rate of return - 4.72% - - - -
EPS 2 -0.2427 0.0742 0.003591 -0.0752 -0.0492 -0.0332
Distribution rate - 40.4% - - - -
Net sales 1 410 399.8 413.6 421.7 438.5 380.5
EBITDA 1 -32.1 -22.34 15.44 -7.833 1.612 0.805
EBIT 1 -66 -48.63 -8.531 -21.5 -10.37 -10.61
Net income 1 -55.27 16.74 0.792 -16.58 -10.86 -7.327
Net Debt 1 6.978 -107.8 -42.05 -76 -74.56 -107
Reference price 2 0.6450 0.6350 0.6100 0.6300 0.7200 0.6300
Nbr of stocks (in thousands) 227,711 220,526 220,526 220,526 220,526 220,526
Announcement Date 4/26/21 4/25/22 4/26/23 4/29/24 4/29/25 4/27/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 25.06M
24.63x2.03x14.95x0.6% 21.52B
15.99x - - 0.31% 2.23B
18.56x1.17x8.89x2.65% 1.68B
23.56x - - 2.76% 614M
Average 20.68x 1.60x 11.92x 1.58% 5.21B
Weighted average by Cap. 23.47x 1.97x 14.51x 0.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
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  3. 5009 Stock
  4. Valuation White Horse