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 24,452 - -
Change - 36.08% 19.55% 90.52% 37.5% -18.48% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 32,314 33,162 33,456
Change - 23.46% 31.75% 84.97% 38.68% -11.26% 2.62% 0.89%
P/E 12x 11.8x 6.33x 24.5x 30.2x 22.8x 18.2x 14x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 1.9x 1.8x 1.67x
PEG - 0.3x 0x -0.5x 4.43x 4.91x 0.7x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.41x 1.13x 0.91x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.86x 1.54x 1.25x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 19.6x 15.7x 13x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 22.3x 17.8x 14.7x
EV / FCF 10.6x -137x -11x -171x -382x 23.2x -41.2x 42.5x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.3% -2.43% 2.35%
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% 2.35% 2.54% 3.15%
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 4.100 4.100 4.100
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.($)
23.12x1.88x19.78x2.32% 6.06B
69.61x3x29.33x0.06% 101B
13.84x1.11x6.09x4.24% 75.8B
41.56x5.16x28.67x0.16% 63.02B
26.76x2.03x19.72x1.16% 58.26B
58.5x4.85x31.1x1.48% 48.84B
36.34x0.85x14.46x1.75% 42.73B
29.92x0.57x9.12x2.03% 37.57B
26.96x1.75x16.86x0.18% 34.99B
4.65x0.29x6.25x6.11% 27.55B
Average 33.13x 2.15x 18.14x 1.95% 49.6B
Weighted average by Cap. 38.34x 2.43x 19.65x 1.65%

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