Company Valuation: Sime Darby Property

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,046 3,060 4,251 11,493 9,453 9,589 - -
Change - -24.37% 38.89% 170.4% -17.75% 1.44% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 12,897 12,903 12,564
Change - -14.33% 10.14% 102.48% -5.16% -2.85% 0.05% -2.63%
P/E 74.4x 9.78x 10.4x 22.9x 18.3x 16.2x 15x 13.7x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.87x 0.84x 0.82x
PEG - 0x 0.3x 1x 5.87x 1.1x 1.93x 1.42x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 2.12x 2.04x 2.01x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.85x 2.75x 2.63x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 12x 11.6x 10.5x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 12.9x 12.2x 11x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 16.7x 18.3x 16.6x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 5.99% 5.46% 6.01%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0358 0.0384 0.0416
Rate of return 1.68% - 4% 1.78% 2.16% 2.54% 2.72% 2.95%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.087 0.0938 0.1028
Distribution rate 125% - 41.7% 40.7% 39.4% 41.2% 40.9% 40.4%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,532 4,696 4,778
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,072 1,112 1,198
EBIT 1 132.3 487.8 606.4 899.8 895.3 998.6 1,056 1,138
Net income 1 56.39 - 407.9 502.2 517.7 589.6 637.6 694.8
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,308 3,314 2,974
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.410 1.410 1.410
Nbr of stocks (in thousands) 6,800,839 6,800,839 6,800,839 6,800,839 6,800,839 6,800,839 - -
Announcement Date 24/02/22 28/02/23 23/02/24 26/02/25 26/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.61x4.64x12.62x3.45% 41.83B
22.44x4.38x18.41x1.13% 30.66B
6.02x0.72x1.46x8.38% 28.73B
7.85x1.4x7.03x4.54% 28.24B
15.25x3.16x15.58x2.3% 25.54B
15.45x0.98x6.51x2.41% 21.45B
16.17x6.85x19.41x1.17% 21.41B
9.06x2.2x7.56x4.1% 19.77B
Average 13.36x 3.04x 11.07x 3.44% 27.2B
Weighted average by Cap. 13.51x 3.13x 11.19x 3.51%

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

  1. Stock Market
  2. Stocks
  3. 5288 Stock
  4. SIMEF Stock
  5. Valuation Sime Darby Property