Company Valuation: IOI Properties Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,167 5,506 5,892 12,169 10,847 20,868 - -
Change - -10.71% 7% 106.54% -10.86% 92.39% - -
Enterprise Value (EV) 1 15,329 19,972 21,044 29,112 27,951 40,210 44,536 45,636
Change - 30.29% 5.37% 38.34% -3.99% 43.86% 10.76% 2.47%
P/E 9.34x 8.02x 4.23x 5.9x 10.2x 27.2x 19.9x 19.1x
PBR 0.32x 0.27x 0.26x 0.5x 0.44x 0.82x 0.8x 0.78x
PEG - 2x 0x 0.1x -0.2x -1x 0.5x 4.49x
Capitalization / Revenue 2.48x 2.13x 2.27x 4.14x 3.54x 5.11x 4.59x 3.98x
EV / Revenue 6.16x 7.71x 8.12x 9.9x 9.13x 9.84x 9.8x 8.71x
EV / EBITDA 16.4x 18.3x 15.7x 12.2x 15.1x 24.2x 21.5x 21.8x
EV / EBIT 17.1x 19.2x 16.5x 13.1x 16.2x 27.1x 25.5x 26x
EV / FCF - -24.1x 15.1x - 46.1x -26.2x 26.8x -20x
FCF Yield - -4.16% 6.6% - 2.17% -3.81% 3.73% -4.99%
Dividend per Share 2 0.02 - 0.05 0.05 0.08 0.0827 0.0842 0.0966
Rate of return 1.79% - 4.67% 2.26% 4.06% 2.18% 2.22% 2.55%
EPS 2 0.1199 0.1247 0.253 0.3745 0.1932 0.1395 0.1904 0.1986
Distribution rate 16.7% - 19.8% 13.4% 41.4% 59.3% 44.2% 48.7%
Net sales 1 2,489 2,590 2,593 2,940 3,062 4,086 4,544 5,242
EBITDA 1 936.6 1,090 1,340 2,380 1,847 1,665 2,069 2,093
EBIT 1 894.1 1,040 1,276 2,224 1,725 1,485 1,749 1,757
Net income 1 660.2 686.7 1,393 2,062 1,064 963.8 1,041 1,092
Net Debt 1 9,162 14,466 15,152 16,943 17,104 19,342 23,668 24,767
Reference price 2 1.120 1.000 1.070 2.210 1.970 3.790 3.790 3.790
Nbr of stocks (in thousands) 5,506,145 5,506,145 5,506,145 5,506,145 5,506,145 5,506,145 - -
Announcement Date 8/26/21 A 8/22/22 A 10/4/23 A 8/28/24 A 8/26/25 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.96x9.8x24.05x2.2% 5.09B
15.32x4.85x13.03x3.31% 43.62B
20.93x4.27x17.53x1.2% 31.13B
8.13x1.43x7.17x4.38% 29.27B
5.92x0.69x1.42x8.43% 28.54B
13.98x3.07x14.73x2.51% 25.18B
15.13x6.83x18.32x1.41% 21.51B
8.77x2.22x7.12x4.03% 20.29B
Average 14.39x 4.15x 12.92x 3.43% 25.58B
Weighted average by Cap. 13.29x 3.55x 11.71x 3.6%

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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  4. Valuation IOI Properties Group