Company Valuation: IOI Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,495 23,858 23,140 22,954 23,202 30,986 - -
Change - 1.54% -3.01% -0.8% 1.08% 33.55% - -
Enterprise Value (EV) 1 26,368 26,287 24,662 24,477 24,878 27,809 32,147 31,737
Change - -0.31% -6.18% -0.75% 1.64% 11.78% -0.23% -1.28%
P/E 16.9x 13.8x 20.8x 20.7x 15.3x 15.7x 18.5x 18x
PBR 2.35x 2.18x 2.04x 1.97x 1.89x 2x 2.2x 2.14x
PEG - 0.6x -0.6x -53.08x 0.4x 1.62x 1.4x 5.79x
Capitalization / Revenue 2.09x 1.53x 2x 2.39x 2.05x 2.25x 2.48x 2.42x
EV / Revenue 2.34x 1.69x 2.13x 2.55x 2.19x 2.36x 2.58x 2.48x
EV / EBITDA 16.8x 10.5x 12.9x 15.5x 14.2x 13.1x 14x 13.7x
EV / EBIT 21.8x 12.2x 16x 20.7x 18.4x 16.3x 17.7x 17.2x
EV / FCF 103x 19.2x 16.7x 43.1x 69.6x 30.5x 25.2x 23.5x
FCF Yield 0.97% 5.2% 5.99% 2.32% 1.44% 3.28% 3.97% 4.25%
Dividend per Share 2 0.105 0.14 0.11 0.095 0.105 0.125 0.1269 0.1372
Rate of return 2.79% 3.65% 2.95% 2.57% 2.81% 2.96% 2.57% 2.78%
EPS 2 0.2226 0.2774 0.1795 0.1788 0.2451 0.2689 0.2662 0.2745
Distribution rate 47.2% 50.5% 61.3% 53.1% 42.8% 46.5% 47.7% 50%
Net sales 1 11,252 15,579 11,584 9,604 11,335 11,779 12,481 12,789
EBITDA 1 1,572 2,512 1,915 1,577 1,754 2,127 2,297 2,309
EBIT 1 1,212 2,153 1,541 1,180 1,349 1,707 1,817 1,844
Net income 1 1,394 1,725 1,114 1,109 1,521 1,682 1,660 1,710
Net Debt 1 2,873 2,429 1,522 1,523 1,676 1,286 1,161 750.7
Reference price 2 3.760 3.840 3.730 3.700 3.740 4.930 4.930 4.930
Nbr of stocks (in thousands) 6,248,774 6,212,972 6,203,697 6,203,697 6,203,697 6,285,199 - -
Announcement Date 8/24/21 A 8/23/22 A 8/22/23 A 8/26/24 A 8/28/25 A 8/28/26 A - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.94x2.8x15.6x2.34% 7.66B
16.14x2.23x9.7x3.11% 10.84B
13.04x3.38x8.28x4.44% 5.64B
14.76x1.22x9.82x2.87% 5.43B
14.44x2.17x7.16x4.98% 3B
10.81x3.52x9.17x8.57% 2.53B
10.09x1.89x4.57x3.75% 1.27B
18.58x0.53x10.27x2.84% 1.25B
Average 14.85x 2.22x 9.32x 4.11% 4.7B
Weighted average by Cap. 15.84x 2.39x 10.32x 3.65%

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

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