Company Valuation: Maxis

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,957 30,068 30,153 28,591 29,695 27,760 - -
Change - -20.79% 0.29% -5.18% 3.86% -6.52% - -
Enterprise Value (EV) 1 46,856 30,068 39,356 37,416 38,217 35,727 35,020 34,299
Change - -35.83% 30.89% -4.93% 2.14% -6.52% -1.98% -2.06%
P/E 29x 25.4x 30.3x 20.5x 19x 17.1x 17x 16x
PBR 5.64x - 4.73x 4.84x 4.83x 4.36x 4.23x 4.08x
PEG - -2.65x -1.9x 0.5x 1.6x 4.1x 27.11x 2.72x
Capitalization / Revenue 4.12x 3.07x 2.96x 2.71x 2.79x 2.55x 2.49x 2.44x
EV / Revenue 5.09x 3.07x 3.87x 3.55x 3.59x 3.28x 3.15x 3.02x
EV / EBITDA 12x 7.64x 9.94x 9.08x 8.83x 8.08x 7.8x 7.53x
EV / EBIT 21x 13.6x 20.8x 16.1x 15.3x 13.5x 12.9x 12.4x
EV / FCF 20.6x - 23x 18.3x 16.9x 15.2x 14.1x 13.3x
FCF Yield 4.85% - 4.35% 5.47% 5.93% 6.57% 7.08% 7.5%
Dividend per Share 2 0.16 - 0.17 0.17 0.175 0.1771 0.1815 0.1871
Rate of return 3.3% - 4.42% 4.66% 4.62% 5% 5.13% 5.28%
EPS 2 0.167 0.151 0.127 0.178 0.199 0.2073 0.2086 0.2209
Distribution rate 95.8% - 134% 95.5% 87.9% 85.4% 87% 84.7%
Net sales 1 9,203 9,789 10,180 10,536 10,635 10,888 11,128 11,363
EBITDA 1 3,898 3,938 3,960 4,122 4,329 4,424 4,489 4,556
EBIT 1 2,235 2,218 1,890 2,324 2,499 2,646 2,708 2,773
Net income 1 1,308 1,182 993 1,396 1,561 1,626 1,642 1,730
Net Debt 1 8,899 - 9,203 8,825 8,522 7,967 7,260 6,539
Reference price 2 4.850 3.840 3.850 3.650 3.790 3.540 3.540 3.540
Nbr of stocks (in thousands) 7,826,271 7,830,149 7,832,077 7,833,120 7,835,085 7,841,901 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/18/25 A 2/12/26 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.93x3.26x8.02x5.04% 6.75B
568.9x39.98x79.8x - 1,972B
35.41x5.57x23.12x0.23% 169B
13.52x2.56x6.46x2.8% 159B
10.33x2.21x5.95x5.36% 139B
30.38x5.51x9.66x1.71% 128B
7.33x1.31x4.75x6.15% 76.6B
18.2x2.11x8.01x3.83% 69.93B
13.99x2.31x7.55x3% 67.39B
13.11x1.41x4.78x3.47% 36B
Average 72.81x 6.62x 15.81x 3.51% 282.37B
Weighted average by Cap. 403.34x 28.93x 58.80x 3%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Maxis

Historical PBR trend

Valuation ratios - PBR - Maxis

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Maxis

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Maxis


Year-on-year evolution of the Yield

Valuation ratios - Yield - Maxis