Company Valuation: Opcom Holdings

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 62.08 244.1 205.1 234.3 158.7 107.5
Change - 293.17% -15.96% 14.2% -32.26% -32.25%
Enterprise Value (EV) 1 45.62 224.3 113.5 188.7 211 171
Change - 391.73% -49.42% 66.36% 11.79% -18.95%
P/E -7.86x 59.7x 41.5x 116x -42.2x 32.3x
PBR 0.75x 1.83x 1.3x 1.22x 0.77x 0.41x
PEG - -0x 3.9x -1.7x 0x -0x
Capitalization / Revenue 1.4x 3.64x 2.35x 1.62x 1.35x 1.58x
EV / Revenue 1.03x 3.35x 1.3x 1.3x 1.79x 2.52x
EV / EBITDA -10.3x 29.7x 16.7x 13.1x 19.3x -35.7x
EV / EBIT -6.29x 41.8x 22.4x 72.5x -12.4x -25.5x
EV / FCF 9.75x 124x 9.17x - 2.49x -
FCF Yield 10.3% 0.8% 10.9% - 40.2% -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.049 0.016 0.0177 0.005266 -0.008421 0.00572
Distribution rate - - - - - -
Net sales 1 44.45 66.99 87.17 145 117.7 67.83
EBITDA 1 -4.409 7.542 6.778 14.36 10.93 -4.788
EBIT 1 -7.247 5.37 5.06 2.604 -17.03 -6.708
Net income 1 -7.896 2.588 3.946 1.686 -3.617 2.827
Net Debt 1 -16.47 -19.78 -91.67 -45.51 52.32 63.51
Reference price 2 0.3850 0.9550 0.7350 0.6100 0.3550 0.1850
Nbr of stocks (in thousands) 1,61,250 2,55,587 2,79,087 3,84,022 4,46,964 5,81,053
Announcement Date 28/08/20 27/08/21 29/07/22 30/01/24 24/01/25 30/04/26
1MYR in Million2MYR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 2.42Cr
34.5x7.23x18.66x1.48% 44TCr
51.76x17.61x36.76x-.--% 22TCr
40.17x12.27x30.52x0.26% 19TCr
19.88x0.82x14.42x2.26% 18TCr
30.63x5.85x17.12x1.17% 6.74TCr
169.57x21.83x63.99x-.--% 6.52TCr
36.87x2.37x15.39x1.61% 6.01TCr
78.53x9.15x42.23x-.--% 5.79TCr
19.99x2.81x13.27x3.06% 4.75TCr
Average 53.54x 8.88x 28.04x 1.09% 13.26TCr
Weighted average by Cap. 44.14x 9.15x 25.60x 1.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Opcom Holdings