Company Valuation: Zecon

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.94 59.62 57.49 59.7 74.23 77.2
Change - -20.45% -3.57% 3.85% 24.34% 4%
Enterprise Value (EV) 1 849.6 811.3 776.5 746.4 857.4 862.7
Change - -4.51% -4.28% -3.88% 14.88% 0.62%
P/E 2.08x -3.91x -13.6x 31.9x 1.44x 30.2x
PBR 0.29x 0.26x 0.25x 0.26x 0.26x 0.26x
PEG - 0x 0.2x -0x 0x -0.3x
Capitalization / Revenue 0.14x 0.15x 0.69x 0.71x 1.15x 0.75x
EV / Revenue 1.64x 2.06x 9.33x 8.92x 13.2x 8.42x
EV / EBITDA 14.1x 11.5x 11.3x 11.6x 17.5x 13.2x
EV / EBIT 14.3x 11.5x 11.4x 11.7x 17.7x 13.3x
EV / FCF -74.1x - 75.2x 206x -18.5x -12.9x
FCF Yield -1.35% - 1.33% 0.48% -5.4% -7.73%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.2503 -0.1036 -0.0286 0.0127 0.3466 0.0164
Distribution rate - - - - - -
Net sales 1 519.2 393.1 83.21 83.65 64.79 102.5
EBITDA 1 60.27 70.82 68.61 64.32 49.05 65.45
EBIT 1 59.49 70.39 67.94 63.81 48.53 64.9
Net income 1 35.94 -14.97 -4.15 2.025 55.61 2.572
Net Debt 1 774.7 751.7 719.1 686.7 783.2 785.5
Reference price 2 0.5200 0.4050 0.3900 0.4050 0.5000 0.4950
Nbr of stocks (in thousands) 144,118 147,203 147,403 147,403 148,453 155,957
Announcement Date 10/30/20 A 4/29/22 A 4/28/23 A 4/29/24 A 4/29/25 A 4/28/26 A
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 18.22M
59.37x2.66x25.42x0.07% 100B
13.56x1.09x6x4.32% 74.48B
35.69x4.5x24.42x0.19% 60.77B
26.21x2.02x19.9x1.15% 56.76B
53.87x4.61x28.88x1.55% 47.07B
30.9x0.76x12.55x2% 38.36B
25.07x1.7x15.99x0.19% 35.17B
25.21x0.54x8.37x2.34% 35.16B
4.84x0.3x5.82x5.89% 28.75B
Average 30.52x 2.02x 16.37x 1.97% 47.69B
Weighted average by Cap. 34.08x 2.24x 17.77x 1.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA