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 8,909 - -
Change - -24.37% 38.89% 170.4% -17.75% -5.76% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 12,366 12,407 12,177
Change - -14.33% 10.14% 102.48% -5.16% -6.85% 0.33% -1.85%
P/E 74.4x 9.78x 10.4x 22.9x 18.3x 14.9x 14x 12.8x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.81x 0.78x 0.76x
PEG - 0x 0.3x 1x 5.87x 1x 2.25x 1.3x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 1.98x 1.9x 1.83x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.75x 2.65x 2.5x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 11.4x 10.9x 9.76x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 12.3x 11.6x 10.4x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 16x 17.6x 15.6x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 6.25% 5.67% 6.43%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0366 0.0402 0.0427
Rate of return 1.68% - 4% 1.78% 2.16% 2.79% 3.07% 3.26%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.0878 0.0933 0.1025
Distribution rate 125% - 41.7% 40.7% 39.4% 41.6% 43.1% 41.7%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,499 4,681 4,863
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,088 1,133 1,247
EBIT 1 132.3 487.8 606.4 899.8 895.3 1,006 1,070 1,167
Net income 1 56.39 - 407.9 502.2 517.7 595.5 634.4 693.6
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,457 3,498 3,268
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.310 1.310 1.310
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.($)
15.35x4.89x13.14x3.3% 43.71B
18.19x3.99x16.05x1.35% 28.84B
8.21x1.5x7.93x4.36% 27.33B
5.51x0.67x1.4x9.07% 26.52B
14.34x3.09x14.81x2.51% 26.38B
10.67x2.16x9.19x3.93% 21.47B
7.9x0.88x3.19x2.83% 20.22B
13.51x6.49x17.07x1.61% 19.89B
16.86x9.52x17.92x4.86% 18.24B
Average 12.28x 3.69x 11.19x 3.76% 25.84B
Weighted average by Cap. 12.51x 3.59x 11.22x 3.75%

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
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  3. 5288 Stock
  4. SIMEF Stock
  5. Valuation Sime Darby Property
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