Company Valuation: Key ASIC

Data adjusted to current consolidation scope
Fiscal Period: May 2020 2021 2022 2023 2024 2025
Market Cap 1 108 215.7 68.16 90.58 62.91 55.99
Change - 99.82% -68.41% 32.9% -30.54% -11%
Enterprise Value (EV) 1 101.1 195 44.92 68.68 47.02 57.34
Change - 92.9% -76.97% 52.9% -31.54% 21.97%
P/E -5.36x -24.9x -7.64x -16.6x -5.68x -8.24x
PBR 5.2x 5.9x 1.95x 2.74x 2.59x 3.15x
PEG - 0.4x 1.78x 0.4x -0x 0.2x
Capitalization / Revenue 9.53x 15.5x 5.02x 4.35x 2.74x 3.75x
EV / Revenue 8.93x 14x 3.31x 3.3x 2.05x 3.84x
EV / EBITDA -5.86x -29.5x -5.82x -16.2x -4.84x -9.23x
EV / EBIT -5.41x -23.9x -4.8x -11.7x -4.1x -7.62x
EV / FCF 57.6x -43.7x -9.89x 93.8x -18.7x 22.6x
FCF Yield 1.74% -2.29% -10.1% 1.07% -5.35% 4.42%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0187 -0.006839 -0.006546 -0.003913 -0.007924 -0.004853
Distribution rate - - - - - -
Net sales 1 11.32 13.88 13.59 20.82 22.93 14.95
EBITDA 1 -17.26 -6.618 -7.718 -4.248 -9.711 -6.212
EBIT 1 -18.69 -8.158 -9.348 -5.847 -11.47 -7.529
Net income 1 -17.91 -7.955 -8.636 -5.368 -10.77 -6.79
Net Debt 1 -6.88 -20.74 -23.24 -21.9 -15.9 1.35
Reference price 2 0.1000 0.1700 0.0500 0.0650 0.0450 0.0400
Nbr of stocks (in thousands) 10,79,719 12,69,111 13,63,111 13,93,511 13,98,061 13,99,862
Announcement Date 30/09/20 30/09/21 30/09/22 29/09/23 30/09/24 30/09/25
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.2Cr
23.69x13.37x19.79x0.34% 5,42400Cr
47.5x19.43x28.59x0.61% 2,03500Cr
22.2x10.85x14.7x1.14% 1,90300Cr
12.09x7.31x8.83x0.06% 99TCr
85.33x15.28x57.45x-.--% 79TCr
4.07x2.44x2.94x0.27% 74TCr
-44.04x8.48x23.67x-.--% 51TCr
223.23x49.13x99.9x-.--% 30TCr
33.66x12.19x22.62x2.01% 26TCr
Average 45.30x 15.39x 30.94x 0.49% 1,29500Cr
Weighted average by Cap. 31.13x 13.60x 23.00x 0.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA