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 25,347 - -
Change - 36.08% 19.55% 90.52% 37.5% -15.5% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 32,571 33,259 33,597
Change - 23.46% 31.75% 84.97% 38.68% -10.56% 2.11% 1.02%
P/E 12x 11.8x 6.33x 24.5x 30.2x 23.5x 18.6x 14.3x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 1.97x 1.86x 1.73x
PEG - 0.3x 0x -0.5x 4.43x 4.48x 0.7x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.45x 1.16x 0.93x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.86x 1.52x 1.24x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 19.7x 15.7x 13x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 22.4x 17.7x 14.7x
EV / FCF 10.6x -137x -11x -171x -382x 23.4x -41.3x 42.7x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.27% -2.42% 2.34%
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% 2.27% 2.45% 3.04%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1805 0.2279 0.2968
Distribution rate - 37.8% 73.6% 49.8% 117% 53.4% 45.8% 43.5%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,501 21,873 27,155
EBITDA 1 811.3 978 1,073 1,108 1,536 1,654 2,118 2,576
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,455 1,876 2,287
Net income 1 588.3 806.2 1,838 912.1 1,003 1,052 1,363 1,751
Net Debt 1 1,690 1,198 2,746 4,445 6,422 7,224 7,912 8,250
Reference price 2 1.400 1.875 2.150 3.930 5.180 4.250 4.250 4.250
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.($)
23.55x1.86x19.69x2.27% 6.2B
71.04x3.06x29.91x0.06% 103B
14.35x1.17x6.44x4.08% 81.74B
42.98x5.34x29.67x0.16% 65.17B
27.95x2.11x20.47x1.09% 61.54B
59.3x4.95x31.69x1.43% 49.92B
36.37x0.86x14.52x1.74% 42.72B
30.75x0.62x9.86x1.96% 38.68B
27.33x1.77x17.1x0.18% 35.47B
4.51x0.29x6.19x6.29% 26.73B
Average 33.81x 2.20x 18.55x 1.93% 51.14B
Weighted average by Cap. 39.04x 2.50x 20.11x 1.62%

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