Company Valuation: AT Systematization

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 172.7 289.4 60.01 101.8 46.37 17.16
Change - 67.61% -79.26% 69.64% -54.45% -62.99%
Enterprise Value (EV) 1 182.7 131.7 3.903 71.8 15.49 -17.49
Change - -27.93% -97.04% 1,739.6% -78.42% -212.88%
P/E -2.15x -7.64x -0.38x -1.09x -0.54x 6.18x
PBR 0.72x 0.69x 0.18x 0.35x 0.29x 0.12x
PEG - 0.1x -0x 0x 0.07x -0x
Capitalization / Revenue 8.73x 9.36x 0.77x 1.67x 1.42x 0.44x
EV / Revenue 9.24x 4.26x 0.05x 1.18x 0.48x -0.45x
EV / EBITDA -17.8x -8.08x -0.05x -1.06x -0.25x -2.29x
EV / EBIT -12.5x -6.65x -0.04x -0.92x -0.22x -5.44x
EV / FCF -100x -1.36x -0.04x -2.56x -0.39x -
FCF Yield -1% -73.4% -2,244% -39.1% -257% -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.9784 -0.2355 -0.789 -0.414 -0.3799 0.0121
Distribution rate - - - - - -
Net sales 1 19.77 30.93 78.13 60.8 32.58 39.22
EBITDA 1 -10.26 -16.3 -86.29 -67.72 -62.45 7.626
EBIT 1 -14.61 -19.81 -93.15 -77.92 -71.66 3.214
Net income 1 -15.35 -20.53 -127.9 -82.75 -85.81 2.774
Net Debt 1 10.08 -157.7 -56.1 -29.99 -30.88 -34.65
Reference price 2 2.1000 1.8000 0.3000 0.4500 0.2050 0.0750
Nbr of stocks (in thousands) 82,219 1,60,771 2,00,021 2,26,203 2,26,193 2,28,793
Announcement Date 26/08/20 30/08/21 29/07/22 31/07/23 31/07/24 30/01/26
1MYR in Million2MYR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 50.44L
31.21x5.53x20.19x0.83% 12TCr
32.54x5.15x19.54x1.65% 9.32TCr
28.35x3.24x18.72x0.73% 6.21TCr
40.16x6.27x27.65x1.9% 5.85TCr
39.35x7.97x23.33x-.--% 5.72TCr
26.93x4.95x17.33x2.23% 3.5TCr
20.93x1.79x12.9x2.24% 3.05TCr
31.3x4.1x15.44x0.11% 3.02TCr
19.04x3.24x10.36x1.59% 2.64TCr
Average 29.98x 4.69x 18.39x 1.25% 5.15TCr
Weighted average by Cap. 31.51x 5.08x 19.68x 1.17%

Y-o-Y evolution of P/E

Valuation ratios - P/E - AT Systematization

Historical PBR trend

Valuation ratios - PBR - AT Systematization

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - AT Systematization

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - AT Systematization

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