Company Valuation: PPB Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,326 24,810 20,599 17,640 15,734 13,317 - -
Change - 1.99% -16.97% -14.36% -10.81% -15.36% - -
Enterprise Value (EV) 24,326 24,570 19,403 16,368 15,734 13,317 13,317 13,317
Change - 1% -21.03% -15.64% -3.87% -15.36% 0% 0%
P/E 16.3x 11.3x 14.8x 14.5x -5.76x 9.93x 9.22x 9.65x
PBR 1x 0.96x 0.76x 0.66x 0.71x 0.58x 0.56x -
PEG - 0.2x -0.4x -1.2x 0x -0x 1.19x -2.16x
Capitalization / Revenue 5.01x 3.96x 3.6x 3.28x 2.9x 2.44x 2.41x 2.35x
EV / Revenue 0x 0x 0x 0x 0x 2.44x 2.41x 2.35x
EV / EBITDA 0x 0x 0x 0x 0x 28.5x 26.2x 25.4x
EV / EBIT -0x 0x 0x 0x 0x 36.4x 34.8x 33.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.35 0.4 0.42 0.42 0.42 0.4233 0.4233 0.415
Rate of return 2.05% 2.29% 2.9% 3.39% 3.8% 4.52% 4.52% 4.43%
EPS 2 1.052 1.544 0.9801 0.8572 -1.921 0.9433 1.016 0.971
Distribution rate 33.3% 25.9% 42.9% 49% -21.9% 44.9% 41.6% 42.7%
Net sales 1 4,857 6,257 5,721 5,386 5,432 5,457 5,529 5,672
EBITDA 1 160.8 330.6 423.1 505.4 610.2 467.8 508 525
EBIT 1 -44.13 136.6 224.2 313.1 426.1 366.2 383.2 394.4
Net income 1 1,496 2,197 1,394 1,219 -2,732 1,316 1,446 1,382
Net Debt - -239.8 -1,196 -1,272 - - - -
Reference price 2 17.100 17.440 14.480 12.400 11.060 9.370 9.370 9.370
Nbr of stocks (in thousands) 1,422,599 1,422,599 1,422,599 1,422,599 1,422,599 1,421,197 - -
Announcement Date 28/02/22 28/02/23 28/02/24 28/02/25 27/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.02x - - 4.48% 3.27B
20.35x2.78x13.85x4.07% 241B
19.15x2.42x14.45x3.42% 77.96B
16.02x1.69x9.53x3.9% 44.83B
15.44x0.55x9.86x2.54% 39.68B
20.33x3.1x12.58x3.44% 33.85B
33.6x2.92x16.98x1.1% 29.74B
-8.59x1.86x9.28x6.58% 28.46B
64.81x9.95x41.24x1.18% 27.54B
11.48x0.38x8.58x2.56% 21.13B
Average 20.26x 2.85x 15.15x 3.33% 54.79B
Weighted average by Cap. 20.51x 2.72x 14.32x 3.58%

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

-40%: Exceptional extension
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