Company Valuation: Hartalega Holdings

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 16,575 6,493 9,386 6,451 3,919 3,953 - -
Change - -60.82% 44.56% -31.27% -39.26% 0.87% - -
Enterprise Value (EV) 1 14,435 4,918 8,026 5,535 2,774 2,894 2,807 2,711
Change - -65.93% 63.18% -31.04% -49.87% 4.31% -3% -3.43%
P/E 5.12x -29.8x 743x 86.7x 38.1x 26x 23.6x 21.5x
PBR 3.23x 1.4x 2.02x 1.5x 0.88x 0.89x 0.88x 0.86x
PEG - 0x -7x 0x 1x 0.5x 2.3x 2.23x
Capitalization / Revenue 2.1x 2.7x 5.11x 2.49x 1.84x 1.53x 1.46x 1.4x
EV / Revenue 1.83x 2.04x 4.37x 2.14x 1.3x 1.12x 1.04x 0.96x
EV / EBITDA 3.06x 14.3x 45x 27.2x 10.9x 8.17x 7.41x 6.62x
EV / EBIT 3.16x 27.2x 174x 104x 30.3x 16x 13.8x 12.2x
EV / FCF 5.02x -14.3x -36x -68.2x 14.1x 22.5x 13.5x 12.7x
FCF Yield 19.9% -7.02% -2.78% -1.47% 7.08% 4.45% 7.43% 7.88%
Dividend per Share 2 0.57 - - 0.1141 - 0.028 0.0317 0.0359
Rate of return 11.8% - - 6.04% - 2.42% 2.74% 3.1%
EPS 2 0.9464 -0.0638 0.0037 0.0218 0.0302 0.0447 0.0492 0.0539
Distribution rate 60.2% - - 523% - 62.8% 64.5% 66.6%
Net sales 1 7,888 2,408 1,838 2,586 2,135 2,578 2,700 2,825
EBITDA 1 4,722 344 178.2 203.9 255.4 354.2 378.7 409.5
EBIT 1 4,570 180.8 46.11 53.2 91.67 181.3 203 222.7
Net income 1 3,235 -218 12.72 74.54 103 165.5 179 193.2
Net Debt 1 -2,139 -1,575 -1,361 -916.3 -1,144 -1,059 -1,146 -1,242
Reference price 2 4.850 1.900 2.750 1.890 1.150 1.160 1.160 1.160
Nbr of stocks (in thousands) 3,417,462 3,417,462 3,413,262 3,413,262 3,407,462 3,407,462 - -
Announcement Date 10/05/22 09/05/23 21/05/24 06/05/25 05/05/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.18x1.14x8.27x2.4% 975M
27.12x3.98x12.74x4.86% 14.57B
13.55x - - 2.66% 4.94B
44.51x - - 0.57% 3.26B
17.27x - - 2.91% 2.43B
18.28x - - - 1.72B
27.91x1.69x11.05x1.61% 1.59B
22.05x2.52x9.84x1% 1.02B
Average 24.61x 2.33x 10.47x 2.29% 3.81B
Weighted average by Cap. 25.34x 3.55x 12.19x 3.43%

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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  4. Valuation Hartalega Holdings
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