Company Valuation: Gamuda

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,038 9,577 11,450 21,814 29,995 25,474 - -
Change - 36.08% 19.55% 90.52% 37.5% -15.07% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 33,336 34,189 34,497
Change - 23.46% 31.75% 84.97% 38.68% -8.46% 2.56% 0.9%
P/E 12x 11.8x 6.33x 24.5x 30.2x 23.8x 19x 14.8x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 1.98x 1.88x 1.74x
PEG - 0.3x 0x -0.5x 4.43x 5.13x 0.8x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.47x 1.18x 0.96x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.92x 1.58x 1.29x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 20.2x 16.2x 13.4x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 22.8x 18.4x 15.3x
EV / FCF 10.6x -137x -11x -171x -382x 24x -42.4x 43.8x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.17% -2.36% 2.28%
Dividend per Share 2 - 0.06 0.25 0.08 0.2 0.0963 0.103 0.128
Rate of return - 3.2% 11.6% 2.04% 3.86% 2.26% 2.41% 3%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1795 0.2246 0.2892
Distribution rate - 37.8% 73.6% 49.8% 117% 53.7% 45.9% 44.3%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,339 21,601 26,658
EBITDA 1 811.3 978 1,073 1,108 1,536 1,649 2,108 2,571
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,464 1,863 2,250
Net income 1 588.3 806.2 1,838 912.1 1,003 1,048 1,346 1,733
Net Debt 1 1,690 1,198 2,746 4,445 6,422 7,862 8,715 9,023
Reference price 2 1.400 1.875 2.150 3.930 5.180 4.270 4.270 4.270
Nbr of stocks (in thousands) 5,027,057 5,107,862 5,325,472 5,550,607 5,790,500 5,965,768 - -
Announcement Date 29/09/21 29/09/22 27/09/23 26/09/24 19/09/25 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.79x1.92x20.22x2.26% 6.24B
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 29.85x 2.01x 16.75x 2% 48.31B
Weighted average by Cap. 33.95x 2.24x 17.80x 1.71%

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