Company Valuation: Dialog Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,307 12,019 11,624 13,486 8,915 11,003 - -
Change - -26.3% -3.29% 16.02% -33.89% 23.42% - -
Enterprise Value (EV) 1 16,780 12,542 12,066 13,616 8,855 9,599 10,151 10,138
Change - -25.25% -3.8% 12.85% -34.96% 8.4% -3.28% -0.13%
P/E 30x 23.7x 22.8x 23.5x 29.4x 17.7x 17.5x 17x
PBR 3.55x 2.38x 2.09x 2.27x 1.55x 1.75x 1.66x 1.53x
PEG - -3.62x 41.04x 1.9x -0.6x 0.2x 1.79x 5.72x
Capitalization / Revenue 10.1x 5.18x 3.87x 4.28x 3.56x 3.64x 3.48x 3.44x
EV / Revenue 10.4x 5.41x 4.02x 4.32x 3.54x 3.33x 3.21x 3.17x
EV / EBITDA 27x 21.7x 23.3x 17.7x 19.2x 11.4x 13.1x 12.3x
EV / EBIT 42.6x 37x 46x 31.4x 67.3x 19.5x 25.1x 23.2x
EV / FCF -60.5x 30.7x 18.8x 13.6x 11.4x 13.4x 39.9x 18.1x
FCF Yield -1.65% 3.26% 5.31% 7.35% 8.8% 7.46% 2.5% 5.52%
Dividend per Share 2 0.031 0.034 0.037 0.043 0.031 0.047 0.0473 0.0507
Rate of return 1.07% 1.6% 1.8% 1.8% 1.96% 2.53% 2.43% 2.6%
EPS 2 0.0963 0.09 0.0905 0.1019 0.0538 0.1052 0.1113 0.1146
Distribution rate 32.2% 37.8% 40.9% 42.2% 57.6% 44.7% 42.5% 44.2%
Net sales 1 1,610 2,319 3,002 3,152 2,502 2,885 3,160 3,199
EBITDA 1 620.6 578.1 517.1 767.7 460.9 840.3 772.9 827.3
EBIT 1 394 338.8 262.2 434.1 131.5 491.7 405.2 436.5
Net income 1 543.1 508 510.5 575 303.8 593.6 642.8 667
Net Debt 1 473.7 523.8 441.9 129.8 -60.1 -896.1 -852.5 -865.2
Reference price 2 2.890 2.130 2.060 2.390 1.580 1.950 1.950 1.950
Nbr of stocks (in thousands) 56,42,397 56,42,570 56,42,578 56,42,613 56,42,685 56,42,685 - -
Announcement Date 19/08/21 18/08/22 15/08/23 15/08/24 20/08/25 20/08/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.23x3.66x15.22x2.21% 270.26Cr
22.8x2.45x11.19x2.09% 8.32TCr
19.83x2.48x13.82x1.56% 5.86TCr
14.95x1.56x8.51x1.91% 2.99TCr
24.91x2.72x13.42x0.26% 2.99TCr
27.18x0.51x4.39x3.83% 971.27Cr
23.6x0.88x7.7x1.83% 752.17Cr
7.01x1.48x5.86x3.01% 691.11Cr
16.64x1.41x6.64x1.24% 636.93Cr
31.92x6.08x10.94x3.14% 645.55Cr
Average 20.81x 2.32x 9.77x 2.11% 2.41TCr
Weighted average by Cap. 21.16x 2.31x 11.16x 1.81%

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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