Company Valuation: Genting Plantations

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,011 5,742 5,096 5,293 4,576 4,970 - -
Change - -4.48% -11.25% 3.87% -13.56% 8.61% - -
Enterprise Value (EV) 1 6,891 6,596 5,615 6,571 6,130 6,706 6,720 6,724
Change - -4.28% -14.86% 17.02% -6.71% 9.41% 0.21% 0.05%
P/E 13.9x 12.2x 20.1x 16.4x 12.9x 12.4x 11.6x 11.7x
PBR 1.17x 1.1x 0.95x 1x 0.92x 0.94x 0.88x 0.83x
PEG - 1.34x -0.4x 0.6x 1.33x 1x 1.66x -15.29x
Capitalization / Revenue 1.92x 1.8x 1.72x 1.8x 1.36x 1.41x 1.35x 1.3x
EV / Revenue 2.2x 2.07x 1.89x 2.24x 1.82x 1.9x 1.83x 1.76x
EV / EBITDA 6.74x 6.4x 7.68x 7.55x 6.51x 7.36x 7.11x 7.17x
EV / EBIT 8.99x 8.78x 13.1x 12x 9.62x 10.2x 9.62x 10.1x
EV / FCF 10.8x 11.2x 23.4x 48.5x 37.9x 32.1x 14.8x 17.4x
FCF Yield 9.25% 8.94% 4.27% 2.06% 2.64% 3.11% 6.74% 5.74%
Dividend per Share 2 0.3 0.34 0.21 0.25 0.25 0.2788 0.262 0.2763
Rate of return 4.48% 5.31% 3.7% 4.24% 4.9% 5.03% 4.73% 4.99%
EPS 2 0.4817 0.5254 0.2825 0.3601 0.3951 0.4458 0.4769 0.4732
Distribution rate 62.3% 64.7% 74.3% 69.4% 63.3% 62.5% 54.9% 58.4%
Net sales 1 3,130 3,190 2,966 2,938 3,368 3,522 3,682 3,820
EBITDA 1 1,022 1,030 731.5 870.2 942.2 911.2 945.7 937.4
EBIT 1 766.9 751.1 430 545.9 636.8 654.8 698.4 669
Net income 1 432.2 471.4 253.5 323.1 354.5 399.9 428.2 424.4
Net Debt 1 879.6 853.6 519.3 1,277 1,554 1,736 1,751 1,754
Reference price 2 6.700 6.400 5.680 5.900 5.100 5.540 5.540 5.540
Nbr of stocks (in thousands) 897,198 897,198 897,162 897,162 897,162 897,054 - -
Announcement Date 2/23/22 A 2/22/23 A 2/28/24 A 2/26/25 A 2/25/26 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.43x1.9x7.36x5.03% 1.22B
-158.02x2.17x19.97x0.14% 38B
-32.5x1.18x68.92x-.--% 14.99B
17.58x0.48x9.17x2.97% 10.28B
8.83x1.09x9.05x4.8% 5.14B
-16.27x0.67x17.76x0.12% 4.61B
11.24x0.31x4.29x1.7% 4.48B
29.81x1.88x14.26x1.33% 3.47B
17.79x - - 3.96% 3.34B
Average -12.12x 1.21x 18.85x 2.23% 9.5B
Weighted average by Cap. -71.48x 1.51x 25.46x 1.08%

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

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