Company Valuation: GuocoLand Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,776 1,753 1,676 1,631 1,667 2,516 - -
Change - -1.25% -4.43% -2.64% 2.18% 50.9% - -
Enterprise Value (EV) 1 1,776 6,315 1,676 1,631 1,667 6,804 6,508 6,139
Change - 255.66% -73.47% -2.64% 2.18% 308.15% -4.35% -5.68%
P/E 11.8x 4.69x 8.9x 14.8x 17.8x 17.3x 14x 11.8x
PBR - 0.41x - - - 0.55x 0.53x 0.52x
PEG - 0x -0.2x -0.4x -1.2x 0.3x 0.6x 0.6x
Capitalization / Revenue - 1.82x - 0.9x - 1.66x 1.84x 1.8x
EV / Revenue - 6.54x - 0.9x - 4.5x 4.77x 4.39x
EV / EBITDA - 9.95x - 4.93x - 18.4x 19.8x 20.4x
EV / EBIT - 10.1x - 5.1x - 19.8x 21.2x 18.9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.06 - - - 0.07 0.07 0.07
Rate of return - 3.8% - - - 3.1% 3.1% 3.1%
EPS 2 0.1352 0.3368 0.1697 0.0992 0.0842 0.1306 0.1617 0.1916
Distribution rate - 17.8% - - - 53.6% 43.3% 36.5%
Net sales 1 - 965.5 - 1,819 - 1,511 1,365 1,400
EBITDA 1 - 634.8 - 331 - 369.6 328.9 301
EBIT 1 - 627.1 - 320 - 344.2 307.5 325.2
Net income 1 169.1 392.7 207.1 129 107 162.6 136.1 114.1
Net Debt 1 - 4,562 - - - 4,289 3,993 3,623
Reference price 2 1.600 1.580 1.510 1.470 1.500 2.260 2.260 2.260
Nbr of stocks (in thousands) 1,109,768 1,109,770 1,109,768 1,109,850 1,111,387 1,113,084 - -
Announcement Date 8/26/21 A 8/29/22 A 8/29/23 A 8/29/24 A 8/28/25 A - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.31x4.5x18.41x - 1.97B
14.99x4.77x12.83x3.38% 42.62B
8.63x1.5x7.82x4.12% 29.83B
19.09x4.07x16.66x1.3% 29.25B
5.79x0.67x1.37x8.7% 27.67B
14.25x3.1x14.91x2.49% 26.03B
8.36x0.93x3.37x2.67% 21.39B
8.88x2.29x7.03x3.93% 20.91B
14.05x6.67x17.86x1.51% 20.51B
10.06x1.64x14.16x3.75% 18.33B
Average 12.14x 3.01x 11.44x 3.54% 23.85B
Weighted average by Cap. 11.98x 2.97x 10.79x 3.59%

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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