Company Valuation: TSH Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,491 1,477 1,346 1,709 1,548 1,413 - -
Change - -0.93% -8.88% 26.98% -9.41% -8.7% - -
Enterprise Value (EV) 1 2,325 1,662 1,398 1,703 1,445 1,159 1,020 874.7
Change - -28.5% -15.92% 21.87% -15.18% -19.82% -11.98% -14.22%
P/E 8.82x 3.23x 14.2x 12.3x 8.75x 9.99x 9.13x 9.55x
PBR 0.91x 0.78x 0.66x 0.86x 0.84x 0.71x 0.68x 0.68x
PEG - 0x -0.2x 0.3x 0.2x -0.6x 0.97x -2.21x
Capitalization / Revenue 1.25x 1.13x 1.26x 1.68x 1.46x 1.34x 1.3x 1.31x
EV / Revenue 1.96x 1.27x 1.31x 1.67x 1.36x 1.1x 0.94x 0.81x
EV / EBITDA 6.38x 4.88x 4.74x 4.83x 3.58x 3.53x 3.06x 2.57x
EV / EBIT 9.19x 6.96x 7.23x 7.6x 4.92x 5.02x 4.08x 3.75x
EV / FCF 6.67x 11.5x 8.31x 9.14x 5.81x 4.94x 4.58x 3.78x
FCF Yield 15% 8.69% 12% 10.9% 17.2% 20.2% 21.8% 26.5%
Dividend per Share 2 - 0.105 0.025 0.025 0.05 0.0421 0.0434 0.0492
Rate of return - 9.81% 2.56% 2% 4.1% 3.63% 3.74% 4.24%
EPS 2 0.1225 0.3315 0.0688 0.1019 0.1395 0.1161 0.127 0.1215
Distribution rate - 31.7% 36.3% 24.5% 35.8% 36.3% 34.2% 40.5%
Net sales 1 1,189 1,308 1,067 1,020 1,062 1,053 1,088 1,080
EBITDA 1 364.1 341 294.6 352.4 403.2 328.4 333.5 339.7
EBIT 1 253 239 193.4 224.2 293.9 230.8 249.9 233.4
Net income 1 169 457.5 94.96 140.5 182.9 148.9 163.2 157.1
Net Debt 1 834.2 185.5 51.98 -5.421 -103.2 -254.8 -393.6 -538.6
Reference price 2 1.080 1.070 0.975 1.250 1.220 1.160 1.160 1.160
Nbr of stocks (in thousands) 1,380,174 1,380,174 1,380,174 1,367,007 1,268,857 1,218,375 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/27/25 A 2/25/26 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.25x1.13x3.64x3.54% 355M
-154.3x2.03x18.31x0.14% 34.98B
-24.96x1.37x79.01x0.2% 15.74B
18.28x0.51x9.91x2.78% 11.04B
8.91x1.09x8.97x4.54% 4.83B
-15.85x0.66x17.56x0.13% 4.52B
10.6x0.29x4.02x1.81% 4.25B
-20.14x - - - 3.9B
18.8x - - 3.75% 3.56B
Average -16.49x 1.01x 20.20x 2.11% 9.24B
Weighted average by Cap. -67.09x 1.43x 28.20x 1.06%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TSH Resources

Historical PBR trend

Valuation ratios - PBR - TSH Resources

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TSH Resources

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TSH Resources


Year-on-year evolution of the Yield

Valuation ratios - Yield - TSH Resources
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