Company Valuation: Bahvest Resources

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 615.7 628.6 378.1 365.7 1,293 1,494
Change - 2.1% -39.85% -3.28% 253.61% 15.49%
Enterprise Value (EV) 1 627.8 647 387 360.9 997.5 1,239
Change - 3.06% -40.19% -6.74% 176.4% 24.2%
P/E -3.38x -44.4x 46.2x 553x 28.6x 44.8x
PBR 5.11x 5.86x 3.12x 2.96x 3.18x 3.79x
PEG - 0.5x -0x -6x 0x -1.7x
Capitalization / Revenue 6.47x 6.56x 2.53x 2.73x 7.62x 6.01x
EV / Revenue 6.6x 6.75x 2.59x 2.7x 5.87x 4.98x
EV / EBITDA -4.56x 58.4x 13x 18.2x 16.3x 19.6x
EV / EBIT -3.69x 429x 19.4x 95.6x 22.1x 25.8x
EV / FCF 6.38x 117x 47.8x - 29.1x -60.4x
FCF Yield 15.7% 0.85% 2.09% - 3.43% -1.66%
Dividend per Share 2 - - - - - 0.04
Rate of return - - - - - 4.88%
EPS 2 -0.1478 -0.0115 0.0066 0.000533 0.0249 0.0183
Distribution rate - - - - - 219%
Net sales 1 95.13 95.86 149.3 133.9 169.8 248.6
EBITDA 1 -137.7 11.08 29.69 19.85 61.25 63.27
EBIT 1 -170.2 1.507 19.94 3.774 45.04 48.1
Net income 1 -181 -14.13 12.42 0.6741 32.52 33.35
Net Debt 1 12.15 18.38 8.847 -4.829 -295.7 -254.7
Reference price 2 0.5000 0.5100 0.3050 0.2950 0.7100 0.8200
Nbr of stocks (in thousands) 1,231,325 1,232,590 1,239,780 1,239,780 1,821,497 1,821,497
Announcement Date 28/08/20 13/08/21 28/07/22 31/01/24 24/01/25 30/01/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 163M
9.53x3.42x5.18x1.08% 101B
10.69x4.15x5.71x1.14% 73.44B
9.65x2.65x3.87x2.33% 61.5B
22.27x12.94x15.39x0.71% 50.06B
8.73x3x4.36x5.7% 41.51B
8.12x2.6x4.05x0.63% 28.84B
17.29x3.92x7.28x2.51% 20.35B
16.92x8.69x10.34x0.98% 16.7B
9.6x2.61x4.09x - 16.53B
Average 12.53x 4.89x 6.70x 1.88% 40.99B
Weighted average by Cap. 11.82x 4.70x 6.43x 1.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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