Company Valuation: QL Resources

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 12,217 14,140 14,359 17,047 13,506 14,091 - -
Change - 15.74% 1.55% 18.72% -20.77% 4.33% - -
Enterprise Value (EV) 1 13,101 15,027 15,025 17,356 13,663 14,120 13,957 13,767
Change - 14.7% -0.01% 15.51% -21.28% 3.35% -1.16% -1.36%
P/E 56.2x 40.8x 32.8x 37.4x 30x 29.6x 27.9x 26.2x
PBR 4.94x 5.32x 4.88x 5.4x 4.03x 3.76x 3.46x 3.14x
PEG - 0.7x 1.2x 9.21x -26.74x 4.92x 4.52x 4.2x
Capitalization / Revenue 2.33x 2.26x 2.15x 2.41x 1.92x 1.86x 1.76x 1.67x
EV / Revenue 2.5x 2.4x 2.25x 2.45x 1.94x 1.86x 1.74x 1.63x
EV / EBITDA 22.3x 19.2x 15.8x 17.5x 14.2x 14.2x 13.2x 12.6x
EV / EBIT 36x 28x 21.8x 24.4x 20.3x 20.1x 18.8x 17.8x
EV / FCF 43.1x 40x 29.4x 28.6x 38.4x 40.2x 25.2x 28x
FCF Yield 2.32% 2.5% 3.4% 3.49% 2.6% 2.49% 3.97% 3.57%
Dividend per Share 2 0.0233 0.0467 0.0433 0.05 0.05 0.0516 0.0562 0.0592
Rate of return 0.7% 1.2% 1.1% 1.07% 1.35% 1.33% 1.45% 1.53%
EPS 2 0.0595 0.095 0.1199 0.1248 0.1234 0.1308 0.1389 0.1476
Distribution rate 39.2% 49.1% 36.1% 40.1% 40.5% 39.5% 40.5% 40.1%
Net sales 1 5,247 6,264 6,678 7,073 7,047 7,583 8,002 8,433
EBITDA 1 588.8 781.5 950 989.5 964.1 993.9 1,054 1,089
EBIT 1 364.4 536.4 689.6 710.8 671.7 702.3 741.8 774.7
Net income 1 217.3 346.8 437.8 455.6 450.4 472 505.6 535.6
Net Debt 1 883.8 887.1 666.5 308.9 157 28.96 -134.5 -324
Reference price 2 3.347 3.873 3.933 4.670 3.700 3.870 3.870 3.870
Nbr of stocks (in thousands) 3,650,486 3,650,486 3,650,486 3,650,310 3,650,253 3,641,173 - -
Announcement Date 5/30/22 A 5/30/23 A 5/30/24 A 5/29/25 A 5/28/26 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.66x1.87x14.24x1.33% 3.46B
-31.98x1.17x67.91x-.--% 14.75B
9.87x1.13x9.35x4.29% 5.88B
13.43x1.48x7.03x1.85% 2.95B
14.29x0.83x8.87x - 1.94B
13.65x1.98x6.47x4.66% 1.74B
35.74x0.81x7.59x0.42% 1.63B
Average 12.10x 1.32x 17.35x 2.09% 4.62B
Weighted average by Cap. -4.98x 1.27x 36.07x 1.45%

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 QL Resources
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