Company Valuation: IOI Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,495 23,858 23,140 22,954 23,202 29,415 - -
Change - 1.54% -3.01% -0.8% 1.08% 26.78% - -
Enterprise Value (EV) 1 26,368 26,287 24,662 24,477 24,878 27,809 30,436 30,147
Change - -0.31% -6.18% -0.75% 1.64% 11.78% -0.69% -0.95%
P/E 16.9x 13.8x 20.8x 20.7x 15.3x 15.7x 18.9x 18.2x
PBR 2.35x 2.18x 2.04x 1.97x 1.89x 2x 2.16x 2.05x
PEG - 0.6x -0.6x -53.08x 0.4x 1.62x 3.6x 4.53x
Capitalization / Revenue 2.09x 1.53x 2x 2.39x 2.05x 2.25x 2.39x 2.34x
EV / Revenue 2.34x 1.69x 2.13x 2.55x 2.19x 2.36x 2.48x 2.4x
EV / EBITDA 16.8x 10.5x 12.9x 15.5x 14.2x 13.1x 13.9x 13.7x
EV / EBIT 21.8x 12.2x 16x 20.7x 18.4x 16.3x 18.7x 17.9x
EV / FCF 103x 19.2x 16.7x 43.1x 69.6x 30.5x 27.1x 23.5x
FCF Yield 0.97% 5.2% 5.99% 2.32% 1.44% 3.28% 3.69% 4.25%
Dividend per Share 2 0.105 0.14 0.11 0.095 0.105 0.125 0.12 0.1259
Rate of return 2.79% 3.65% 2.95% 2.57% 2.81% 2.96% 2.56% 2.69%
EPS 2 0.2226 0.2774 0.1795 0.1788 0.2451 0.2689 0.2477 0.2577
Distribution rate 47.2% 50.5% 61.3% 53.1% 42.8% 46.5% 48.4% 48.8%
Net sales 1 11,252 15,579 11,584 9,604 11,335 11,779 12,289 12,557
EBITDA 1 1,572 2,512 1,915 1,577 1,754 2,127 2,190 2,207
EBIT 1 1,212 2,153 1,541 1,180 1,349 1,707 1,625 1,682
Net income 1 1,394 1,725 1,114 1,109 1,521 1,682 1,565 1,630
Net Debt 1 2,873 2,429 1,522 1,523 1,676 1,286 1,022 732.4
Reference price 2 3.760 3.840 3.730 3.700 3.740 4.680 4.680 4.680
Nbr of stocks (in thousands) 62,48,774 62,12,972 62,03,697 62,03,697 62,03,697 62,85,199 - -
Announcement Date 24/08/21 23/08/22 22/08/23 26/08/24 28/08/25 28/08/26 - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.9x2.22x9.53x2.95% 1.09TCr
19.88x2.66x14.84x2.46% 730.6Cr
12.55x3.27x8.02x4.61% 543.17Cr
14.43x1.2x9.61x2.93% 541.71Cr
13.72x2.05x6.91x5.31% 284.48Cr
9.42x3.09x7.85x9.34% 227.61Cr
9.9x1.92x4.57x3.82% 124.6Cr
Average 13.83x 2.35x 8.76x 4.49% 506.38Cr
Weighted average by Cap. 15.49x 2.35x 9.91x 3.73%

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