Company Valuation: Zecon

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.94 59.62 57.49 59.7 74.23 77.2
Change - -20.45% -3.57% 3.85% 24.34% 4%
Enterprise Value (EV) 1 849.6 811.3 776.5 746.4 857.4 862.7
Change - -4.51% -4.28% -3.88% 14.88% 0.62%
P/E 2.08x -3.91x -13.6x 31.9x 1.44x 30.2x
PBR 0.29x 0.26x 0.25x 0.26x 0.26x 0.26x
PEG - 0x 0.2x -0x 0x -0.3x
Capitalization / Revenue 0.14x 0.15x 0.69x 0.71x 1.15x 0.75x
EV / Revenue 1.64x 2.06x 9.33x 8.92x 13.2x 8.42x
EV / EBITDA 14.1x 11.5x 11.3x 11.6x 17.5x 13.2x
EV / EBIT 14.3x 11.5x 11.4x 11.7x 17.7x 13.3x
EV / FCF -74.1x - 75.2x 206x -18.5x -12.9x
FCF Yield -1.35% - 1.33% 0.48% -5.4% -7.73%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.2503 -0.1036 -0.0286 0.0127 0.3466 0.0164
Distribution rate - - - - - -
Net sales 1 519.2 393.1 83.21 83.65 64.79 102.5
EBITDA 1 60.27 70.82 68.61 64.32 49.05 65.45
EBIT 1 59.49 70.39 67.94 63.81 48.53 64.9
Net income 1 35.94 -14.97 -4.15 2.025 55.61 2.572
Net Debt 1 774.7 751.7 719.1 686.7 783.2 785.5
Reference price 2 0.5200 0.4050 0.3900 0.4050 0.5000 0.4950
Nbr of stocks (in thousands) 144,118 147,203 147,403 147,403 148,453 155,957
Announcement Date 10/30/20 4/29/22 4/28/23 4/29/24 4/29/25 4/28/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.77M
59.13x2.69x25.74x0.06% 102B
13.25x1.12x6.12x4.42% 77.75B
35x4.41x23.92x0.19% 59.59B
26.98x2.07x20.3x1.12% 58B
56.81x4.52x28.56x1.58% 46.32B
29.54x0.73x12.05x2.1% 37.28B
24.6x1.68x15.52x0.19% 35.54B
24.85x0.51x8.03x2.37% 34.37B
4.49x0.3x5.98x6.27% 27.07B
Average 30.52x 2.00x 16.25x 2.03% 47.78B
Weighted average by Cap. 34.09x 2.23x 17.71x 1.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA