Company Valuation: MSM Malaysia Holdings

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 618.6 400.7 899.8 597.5 1,132 808.4 - -
Change - -35.23% 124.56% -33.59% 89.41% -28.57% - -
Enterprise Value (EV) 1 618.6 400.7 899.8 597.5 853.5 217.3 161.5 72.03
Change - -35.23% 124.56% -33.59% 42.83% -74.54% -25.68% -55.41%
P/E ratio -2.06x -5.63x 7.18x -3.34x -22.7x 6.44x 3.5x 3.16x
PBR 0.37x 0.25x 0.52x 0.4x 0.77x - - -
PEG - 0.1x -0x 0x 0.3x -0x 0x 0.3x
Capitalization / Revenue 0.31x 0.18x 0.4x 0.23x 0.37x 0.2x 0.18x 0.17x
EV / Revenue 0.31x 0.18x 0.4x 0.23x 0.28x 0.05x 0.04x 0.02x
EV / EBITDA -4.65x 2.6x 4.32x -8.82x 9.39x 0.53x 0.26x 0.11x
EV / EBIT -2.79x 5.91x 7.17x -3.97x 72.2x 1.09x 0.49x 0.2x
EV / FCF 2,468,723x - 33,934,771x -27,156,888x - - - -
FCF Yield 0% - 0% -0% - - - -
Dividend per Share 2 - - 0.03 0.03 - 0.025 0.059 0.06
Rate of return - - 2.34% 3.53% - 2.17% 5.13% 5.22%
EPS 2 -0.4264 -0.1013 0.1783 -0.2542 -0.071 0.1785 0.329 0.3645
Distribution rate - - 16.8% -11.8% - 14% 17.9% 16.5%
Net sales 1 2,007 2,184 2,260 2,566 3,091 4,000 4,387 4,675
EBITDA 1 -133 154.1 208.4 -67.78 90.88 410.1 631.7 637.6
EBIT 1 -221.4 67.78 125.6 -150.6 11.82 200.2 332.4 357.8
Net income 1 -299.8 -71.23 125.4 -178.7 -49.88 125.6 231.3 256.4
Net Debt 1 - - - - -278.3 -591.1 -646.9 -736.4
Reference price 2 0.880 0.570 1.280 0.850 1.610 1.150 1.150 1.150
Nbr of stocks (in thousands) 702,980 702,980 702,980 702,980 702,980 702,980 - -
Announcement Date 2/25/20 2/25/21 2/22/22 2/22/23 2/22/24 - - -
1MYR in Million2MYR
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
6.44x0.05x0.53x+2.17%187M
9.4x0.43x4.87x+5.07%2.76B
19.54x1.79x9.64x+3.85%1.77B
10.22x1.71x3.34x+6.33%1.6B
22.14x2.15x14.37x+0.50%1.37B
22.08x1.85x14.78x+0.74%1.21B
8.16x1.18x3.2x+5.41%1.17B
19.61x - - +0.09%764M
Average 14.70x 1.31x 7.25x +3.02% 1.35B
Weighted average by Cap. 14.74x 1.35x 7.67x +3.63%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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