Company Valuation: Gamuda

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,038 9,577 11,450 21,814 29,995 25,116 - -
Change - 36.08% 19.55% 90.52% 37.5% -16.27% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 32,978 33,831 34,139
Change - 23.46% 31.75% 84.97% 38.68% -9.44% 2.59% 0.91%
P/E 12x 11.8x 6.33x 24.5x 30.2x 23.9x 19.1x 14.8x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 1.99x 1.88x 1.75x
PEG - 0.3x 0x -0.5x 4.43x 5.15x 0.8x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.45x 1.16x 0.94x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.9x 1.57x 1.28x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 20x 16x 13.3x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 22.5x 18.2x 15.2x
EV / FCF 10.6x -137x -11x -171x -382x 23.7x -42x 43.4x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.22% -2.38% 2.3%
Dividend per Share 2 - 0.06 0.25 0.08 0.2 0.0963 0.103 0.128
Rate of return - 3.2% 11.6% 2.04% 3.86% 2.25% 2.4% 2.98%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1795 0.2246 0.2892
Distribution rate - 37.8% 73.6% 49.8% 117% 53.7% 45.9% 44.3%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,339 21,601 26,658
EBITDA 1 811.3 978 1,073 1,108 1,536 1,649 2,108 2,571
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,464 1,863 2,250
Net income 1 588.3 806.2 1,838 912.1 1,003 1,048 1,346 1,733
Net Debt 1 1,690 1,198 2,746 4,445 6,422 7,862 8,715 9,023
Reference price 2 1.400 1.875 2.150 3.930 5.180 4.290 4.290 4.290
Nbr of stocks (in thousands) 50,27,057 51,07,862 53,25,472 55,50,607 57,90,500 59,65,768 - -
Announcement Date 29/09/21 29/09/22 27/09/23 26/09/24 19/09/25 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.91x1.93x20.29x2.25% 624.88Cr
59.91x2.7x25.86x0.06% 10TCr
13.78x1.15x6.31x4.24% 7.98TCr
36.54x4.61x25.02x0.18% 6.22TCr
26.62x2.05x20.16x1.15% 5.77TCr
54.38x4.65x29.24x1.54% 4.75TCr
31.14x0.76x12.65x1.99% 3.87TCr
24.95x1.71x15.75x0.18% 3.61TCr
25.88x0.53x8.38x2.28% 3.51TCr
4.76x0.3x5.83x5.99% 2.91TCr
Average 30.19x 2.04x 16.95x 1.99% 4.95TCr
Weighted average by Cap. 34.21x 2.27x 18.00x 1.72%

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