Company Valuation: Gamuda

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,038 9,577 11,450 21,814 29,995 24,214 - -
Change - 36.08% 19.55% 90.52% 37.5% -19.27% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 32,076 32,923 33,217
Change - 23.46% 31.75% 84.97% 38.68% -11.92% 2.64% 0.89%
P/E 12x 11.8x 6.33x 24.5x 30.2x 22.6x 18x 13.9x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 1.88x 1.78x 1.66x
PEG - 0.3x 0x -0.5x 4.43x 4.87x 0.7x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.4x 1.12x 0.91x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.85x 1.52x 1.24x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 19.5x 15.6x 12.9x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 22.2x 17.7x 14.6x
EV / FCF 10.6x -137x -11x -171x -382x 23.1x -40.9x 42.2x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.34% -2.45% 2.37%
Dividend per Share 2 - 0.06 0.25 0.08 0.2 0.0963 0.1043 0.1292
Rate of return - 3.2% 11.6% 2.04% 3.86% 2.37% 2.57% 3.18%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1795 0.2257 0.292
Distribution rate - 37.8% 73.6% 49.8% 117% 53.7% 46.2% 44.3%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,339 21,601 26,726
EBITDA 1 811.3 978 1,073 1,108 1,536 1,649 2,108 2,571
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,447 1,859 2,272
Net income 1 588.3 806.2 1,838 912.1 1,003 1,048 1,353 1,750
Net Debt 1 1,690 1,198 2,746 4,445 6,422 7,862 8,709 9,003
Reference price 2 1.400 1.875 2.150 3.930 5.180 4.060 4.060 4.060
Nbr of stocks (in thousands) 5,027,057 5,107,862 5,325,472 5,550,607 5,790,500 5,963,981 - -
Announcement Date 9/29/21 A 9/29/22 A 9/27/23 A 9/26/24 A 9/19/25 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.85x1.86x19.6x2.35% 6.01B
67.83x2.93x28.61x0.07% 98.56B
13.65x1.1x6.02x4.3% 74.8B
39.02x4.84x26.87x0.18% 59.16B
26.44x2.01x19.52x1.17% 57.86B
56.96x4.73x30.38x1.52% 47.6B
34.48x0.81x13.71x1.84% 40.58B
28.74x0.56x8.88x2.1% 36.45B
26.31x1.7x16.43x0.18% 34.15B
4.59x0.29x6.23x6.18% 27.24B
Average 32.09x 2.08x 17.62x 1.99% 48.24B
Weighted average by Cap. 37.03x 2.34x 18.99x 1.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield