Company Valuation: Ornapaper

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 125.3 94.91 90.47 67.85 70.44 53.76
Change - -24.26% -4.69% -25% 3.83% -23.68%
Enterprise Value (EV) 1 138 115.6 122.5 73.34 108.2 84.81
Change - -16.26% 5.96% -40.1% 47.59% -21.65%
P/E 8.69x 18.8x 37x 10.3x 12.5x 17.9x
PBR 0.67x 0.5x 0.47x 0.34x 0.35x 0.27x
PEG - -0.3x -0.7x 0x -0.9x -0.4x
Capitalization / Revenue 0.4x 0.3x 0.28x 0.24x 0.24x 0.18x
EV / Revenue 0.44x 0.37x 0.37x 0.26x 0.36x 0.28x
EV / EBITDA 3.7x 4.8x 5.95x 3.15x 4.68x 4.2x
EV / EBIT 5.93x 10.8x 20.2x 8.14x 11.9x 16.4x
EV / FCF 4.6x -7.71x -40.4x 3.11x -3.78x 11.5x
FCF Yield 21.7% -13% -2.47% 32.1% -26.4% 8.68%
Dividend per Share 2 0.0325 0.02 0.01 0.02 0.02 0.015
Rate of return 1.92% 1.56% 0.82% 2.19% 2.11% 2.07%
EPS 2 0.1945 0.068 0.033 0.0886 0.076 0.0405
Distribution rate 16.7% 29.4% 30.3% 22.6% 26.3% 37%
Net sales 1 313.4 316.4 328.9 278.4 297 299.1
EBITDA 1 37.32 24.06 20.59 23.25 23.13 20.18
EBIT 1 23.29 10.7 6.06 9.009 9.08 5.165
Net income 1 14.42 5.05 2.476 6.567 5.639 3.005
Net Debt 1 12.69 20.65 31.99 5.495 37.8 31.05
Reference price 2 1.6900 1.2800 1.2200 0.9150 0.9500 0.7250
Nbr of stocks (in thousands) 74,152 74,152 74,152 74,152 74,152 74,152
Announcement Date 12/05/21 29/04/22 28/04/23 30/04/24 30/04/25 30/04/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 11.75M
20.84x1.16x7.22x4.05% 24.06B
24.16x2.43x11.64x2.19% 21.09B
29.36x1.18x9.03x4.66% 20.54B
23.97x2.46x10.25x1.69% 6.94B
22.11x2.58x15.15x3.1% 5.96B
14.45x1.27x7.39x3.73% 5.68B
8.16x1.34x9.61x1.17% 4.34B
26.3x0.79x7.16x2.51% 4.18B
22.76x1.29x9.43x2.18% 3.75B
Average 21.35x 1.61x 9.65x 2.81% 9.66B
Weighted average by Cap. 23.05x 1.63x 9.48x 3.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA