Company Valuation: Benalec Holdings

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 127.4 147.7 96.79 147.7 117.2 81.51
Change - 16% -34.48% 52.63% -20.69% -30.43%
Enterprise Value (EV) 1 202.4 224.9 136.1 186.5 133.6 94.89
Change - 11.09% -39.49% 37.04% -28.35% -28.98%
P/E -1.88x -3.79x -1.95x -2.41x 9.27x 25.1x
PBR 0.26x 0.31x 0.23x 0.41x 0.31x 0.22x
PEG - 0.1x -0.1x -0.1x -0x -0.3x
Capitalization / Revenue 0.79x 2.11x 1.26x 3.95x 1.28x 1.33x
EV / Revenue 1.26x 3.22x 1.78x 4.98x 1.46x 1.54x
EV / EBITDA -4.55x -14.1x -5.22x -3.7x 8.96x 9.33x
EV / EBIT -3.85x -9.83x -4.34x -3.45x 10x 10.5x
EV / FCF 9.7x -15.2x 3.17x 8.43x 2.84x 9.63x
FCF Yield 10.3% -6.58% 31.5% 11.9% 35.2% 10.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0798 -0.0382 -0.0487 -0.0601 0.0124 0.00319
Distribution rate - - - - - -
Net sales 1 161.1 69.9 76.66 37.43 91.33 61.49
EBITDA 1 -44.49 -16 -26.09 -50.37 14.91 10.17
EBIT 1 -52.61 -22.87 -31.33 -54.02 13.34 8.998
Net income 1 -67.77 -32.88 -49.62 -61.21 12.67 3.25
Net Debt 1 75.07 77.14 39.29 38.74 16.44 13.38
Reference price 2 0.1500 0.1450 0.0950 0.1450 0.1150 0.0800
Nbr of stocks (in thousands) 849,087 1,018,887 1,018,887 1,018,887 1,018,887 1,018,887
Announcement Date 4/16/21 A 4/29/22 A 4/28/23 A 4/30/24 A 4/29/25 A 4/29/26 A
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.72M
52.99x2.43x23.19x0.07% 91.27B
12.44x1.07x5.83x4.7% 72.82B
27.08x2.07x20.37x1.13% 58.27B
31.82x3.99x21.65x0.21% 54.31B
51.97x4.18x26.57x1.71% 42.21B
29.09x0.71x11.86x2.13% 36.56B
23.84x0.49x7.69x2.47% 32.86B
22.43x1.53x14.09x0.21% 32.4B
5.38x0.33x5.06x5.36% 26.61B
Average 28.56x 1.87x 15.15x 2% 44.73B
Weighted average by Cap. 31.21x 2.04x 16.33x 1.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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