Company Valuation: ViTrox Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,408 7,227 6,892 7,586 7,535 17,167 - -
Change - -23.18% -4.64% 10.08% -0.67% 127.83% - -
Enterprise Value (EV) 1 9,187 6,929 6,565 7,294 7,219 16,879 16,760 16,573
Change - -24.58% -5.25% 11.1% -1.03% 133.83% -0.7% -1.12%
P/E 27.7x 39.5x 54x 84.2x 56.7x 54.9x 45.5x 38.6x
PBR 6.61x 8.26x 7.19x 7.45x 6.65x 12.5x 10.6x 8.77x
PEG - -0.9x -1.8x -2.9x 1.2x 0x 2.2x 2.2x
Capitalization / Revenue 13.8x 9.63x 12x 13.7x 8.94x 12.2x 10.7x 9.19x
EV / Revenue 13.5x 9.24x 11.4x 13.2x 8.56x 12x 10.4x 8.87x
EV / EBITDA 51.3x 34.2x 49.4x 82.1x 44.6x 45.5x 39x 33.5x
EV / EBIT 53.2x 35.7x 54x 95.9x 49.2x 47x 40.5x 34.5x
EV / FCF 101x 55.7x 95.3x 972x 183x -768x 74.8x 52.9x
FCF Yield 0.99% 1.8% 1.05% 0.1% 0.55% -0.13% 1.34% 1.89%
Dividend per Share 2 0.025 0.0208 - 0.012 0.0181 0.0452 0.0611 0.0695
Rate of return 0.5% 0.54% - 0.3% 0.45% 0.5% 0.67% 0.77%
EPS 2 0.1796 0.0968 0.0674 0.0476 0.0702 0.165 0.1992 0.2349
Distribution rate 13.9% 21.4% - 25.2% 25.8% 27.4% 30.7% 29.6%
Net sales 1 680.1 750.2 574.9 552.3 843.1 1,403 1,607 1,868
EBITDA 1 179.1 202.8 132.8 88.85 162 371.1 429.5 494.9
EBIT 1 172.5 194.3 121.7 76.03 146.8 359.1 413.3 481
Net income 1 169.7 200.8 128.3 90.36 133.2 312.4 377.4 444.9
Net Debt 1 -220.8 -297.8 -326.6 -292.3 -316.6 -288.3 -407.3 -594.3
Reference price 2 4.980 3.825 3.645 4.010 3.980 9.060 9.060 9.060
Nbr of stocks (in thousands) 1,889,069 1,889,312 1,890,703 1,891,835 1,893,238 1,894,820 - -
Announcement Date 2/24/22 A 2/23/23 A 2/22/24 A 2/27/25 A 2/26/26 A - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.94x12.26x46.35x0.49% 4.34B
22.14x12.59x19.07x0.34% 5,331B
22.4x10.99x14.89x1.13% 1,967B
41.02x16.85x24.79x0.71% 1,762B
13.19x8.01x9.68x0.06% 1,083B
4.79x2.98x3.58x0.22% 891B
82.16x14.88x55.92x-.--% 768B
-38.8x7.83x21.77x-.--% 470B
192.49x41.98x85.59x-.--% 258B
Average 43.92x 14.26x 31.29x 0.33% 1,393B
Weighted average by Cap. 27.74x 12.43x 21.05x 0.44%

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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