Company Valuation: ViTrox Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,408 7,227 6,892 7,586 7,535 17,091 - -
Change - -23.18% -4.64% 10.08% -0.67% 126.82% - -
Enterprise Value (EV) 1 9,187 6,929 6,565 7,294 7,219 16,803 16,684 16,497
Change - -24.58% -5.25% 11.1% -1.03% 132.78% -0.71% -1.12%
P/E 27.7x 39.5x 54x 84.2x 56.7x 54.9x 45.5x 38.6x
PBR 6.61x 8.26x 7.19x 7.45x 6.65x 12.5x 10.6x 8.77x
PEG - -0.9x -1.8x -2.9x 1.2x 0x 2.2x 2.2x
Capitalization / Revenue 13.8x 9.63x 12x 13.7x 8.94x 12.2x 10.6x 9.15x
EV / Revenue 13.5x 9.24x 11.4x 13.2x 8.56x 12x 10.4x 8.83x
EV / EBITDA 51.3x 34.2x 49.4x 82.1x 44.6x 45.3x 38.8x 33.3x
EV / EBIT 53.2x 35.7x 54x 95.9x 49.2x 46.8x 40.4x 34.3x
EV / FCF 101x 55.7x 95.3x 972x 183x -764x 74.4x 52.6x
FCF Yield 0.99% 1.8% 1.05% 0.1% 0.55% -0.13% 1.34% 1.9%
Dividend per Share 2 0.025 0.0208 - 0.012 0.0181 0.0452 0.0611 0.0695
Rate of return 0.5% 0.54% - 0.3% 0.45% 0.5% 0.67% 0.77%
EPS 2 0.1796 0.0968 0.0674 0.0476 0.0702 0.165 0.1992 0.2349
Distribution rate 13.9% 21.4% - 25.2% 25.8% 27.4% 30.7% 29.6%
Net sales 1 680.1 750.2 574.9 552.3 843.1 1,403 1,607 1,868
EBITDA 1 179.1 202.8 132.8 88.85 162 371.1 429.5 494.9
EBIT 1 172.5 194.3 121.7 76.03 146.8 359.1 413.3 481
Net income 1 169.7 200.8 128.3 90.36 133.2 312.4 377.4 444.9
Net Debt 1 -220.8 -297.8 -326.6 -292.3 -316.6 -288.3 -407.3 -594.3
Reference price 2 4.980 3.825 3.645 4.010 3.980 9.060 9.060 9.060
Nbr of stocks (in thousands) 1,889,069 1,889,312 1,890,703 1,891,835 1,893,238 1,894,820 - -
Announcement Date 24/02/22 23/02/23 22/02/24 27/02/25 26/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
54.91x12.03x45.48x0.5% 4.25B
21.81x12.4x18.77x0.35% 5,251B
22.72x11.15x15.11x1.11% 1,997B
40.94x16.82x24.75x0.71% 1,759B
12.85x7.79x9.41x0.06% 1,054B
4.84x3.02x3.63x0.22% 899B
80.22x14.52x54.58x-.--% 750B
-38.57x7.78x21.64x-.--% 467B
186.85x40.73x83.04x-.--% 251B
Average 42.95x 14.03x 30.71x 0.33% 1,381B
Weighted average by Cap. 27.27x 12.28x 20.72x 0.45%

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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