Company Valuation: Ekovest

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 1,354 1,105 1,065 970.5 1,305 1,038
Change - -18.37% -3.66% -8.86% 34.44% -20.45%
Enterprise Value (EV) 1 5,118 6,191 6,653 6,799 7,221 6,989
Change - 20.96% 7.47% 2.18% 6.21% -3.21%
P/E 28.8x 25.4x -8.51x -8.73x -10.4x -7.44x
PBR 0.55x 0.44x 0.44x 0.42x 0.57x 0.48x
PEG - -2.89x 0x 0.8x -4.23x -0.7x
Capitalization / Revenue 1.07x 0.82x 1.32x 0.87x 1.14x 1.05x
EV / Revenue 4.04x 4.57x 8.23x 6.09x 6.3x 7.04x
EV / EBITDA 26.8x 21.4x 31.5x 22.5x 19.5x 18.6x
EV / EBIT 34.7x 25.7x 42.1x 27.7x 24.3x 23.7x
EV / FCF -6.08x -7.45x -23.1x -45x -80.3x -107x
FCF Yield -16.4% -13.4% -4.32% -2.22% -1.24% -0.94%
Dividend per Share 2 0.005 - - - - -
Rate of return 0.98% - - - - -
EPS 2 0.0177 0.0162 -0.0464 -0.0412 -0.0422 -0.0471
Distribution rate 28.2% - - - - -
Net sales 1 1,268 1,354 808.5 1,117 1,147 993
EBITDA 1 191.2 288.9 211 301.9 369.9 374.8
EBIT 1 147.7 240.9 157.9 245.3 297.1 294.6
Net income 1 47.02 43.39 -125.2 -111.1 -123 -139.6
Net Debt 1 3,764 5,085 5,589 5,828 5,916 5,951
Reference price 2 0.5100 0.4100 0.3950 0.3600 0.4400 0.3500
Nbr of stocks (in thousands) 2,654,828 2,695,828 2,695,828 2,695,828 2,965,411 2,965,411
Announcement Date 28/10/20 29/10/21 28/10/22 27/10/23 28/10/24 31/10/25
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 149M
66.16x2.86x27.93x0.07% 95.92B
13.16x1.06x5.84x4.46% 71.39B
41.1x5.04x27.94x0.16% 62.33B
25.49x1.95x18.92x1.22% 54.96B
55.31x4.6x29.41x1.67% 45.84B
33.72x0.8x13.38x1.88% 39.85B
27.93x0.54x8.69x2.14% 35.67B
25.95x1.68x16.22x0.18% 33.79B
4.77x0.3x5.79x5.98% 28.25B
Average 32.62x 2.09x 17.12x 1.97% 46.81B
Weighted average by Cap. 36.61x 2.35x 18.76x 1.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA