Company Valuation: Alcom Group

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 79.93 110.2 123.6 104.1 94.03 107.5
Change - 37.82% 12.2% -15.76% -9.68% 14.29%
Enterprise Value (EV) 1 205 289 151.4 120.1 331.6 598.6
Change - 41.02% -47.6% -20.69% 176.12% 80.49%
P/E 60.7x 3.39x 1.59x 6.22x -23.9x -2.95x
PBR 0.65x 0.71x 0.54x 0.43x 0.41x 0.57x
PEG - 0x 0x -0.1x 0x -0x
Capitalization / Revenue 0.25x 0.18x 0.13x 0.16x 0.15x 0.2x
EV / Revenue 0.65x 0.48x 0.16x 0.18x 0.54x 1.09x
EV / EBITDA 13.8x 4.71x 1.25x 3.12x 22.3x -24x
EV / EBIT 37.8x 5.49x 1.34x 4.08x 59.1x -16.4x
EV / FCF -9.58x -5.38x 1.08x 7.96x -1.64x -2.82x
FCF Yield -10.4% -18.6% 92.7% 12.6% -60.9% -35.5%
Dividend per Share 2 - 0.025 0.025 0.04 0.03 -
Rate of return - 3.05% 2.72% 5.16% 4.29% -
EPS 2 0.009796 0.2421 0.577 0.1247 -0.0293 -0.2714
Distribution rate - 10.3% 4.33% 32.1% -103% -
Net sales 1 316.4 598.9 976 660 619.6 547.5
EBITDA 1 14.8 61.43 121.5 38.49 14.87 -24.89
EBIT 1 5.425 52.62 112.6 29.4 5.611 -36.55
Net income 1 1.316 32.53 77.51 16.75 -3.93 -36.45
Net Debt 1 125 178.9 27.86 16 237.6 491.1
Reference price 2 0.5950 0.8200 0.9200 0.7750 0.7000 0.8000
Nbr of stocks (in thousands) 1,34,331 1,34,331 1,34,331 1,34,331 1,34,331 1,34,331
Announcement Date 28/04/21 27/04/22 27/04/23 26/04/24 25/04/25 28/04/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.13Cr
7.87x1.33x4.88x - 3.72TCr
5.61x0.62x2.66x7.19% 2.24TCr
9.1x0.85x6.4x0.58% 2.18TCr
9.09x0.81x4.7x6% 1.71TCr
7.29x - - - 1.21TCr
7.43x0.82x4.02x0.9% 1.17TCr
7.15x1.5x4.42x7.7% 864.57Cr
6.59x1.15x3.61x7.38% 828.26Cr
10.97x3.08x6.82x3.12% 643.16Cr
Average 7.90x 1.27x 4.69x 4.7% 1.46TCr
Weighted average by Cap. 7.79x 1.11x 4.64x 4.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Alcom Group