Company Valuation: Sime Darby Property

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,046 3,060 4,251 11,493 9,453 9,249 - -
Change - -24.37% 38.89% 170.4% -17.75% -2.16% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 12,557 12,563 12,224
Change - -14.33% 10.14% 102.48% -5.16% -5.41% 0.05% -2.7%
P/E 74.4x 9.78x 10.4x 22.9x 18.3x 15.6x 14.5x 13.3x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.84x 0.81x 0.79x
PEG - 0x 0.3x 1x 5.87x 1.1x 1.87x 1.42x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 2.04x 1.97x 1.92x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.77x 2.68x 2.53x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 11.7x 11.3x 10.2x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 12.6x 11.9x 10.8x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 16.3x 17.8x 16.2x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 6.15% 5.6% 6.18%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0358 0.0384 0.0416
Rate of return 1.68% - 4% 1.78% 2.16% 2.63% 2.82% 3.06%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.087 0.0938 0.1025
Distribution rate 125% - 41.7% 40.7% 39.4% 41.2% 40.9% 40.6%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,532 4,696 4,830
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,072 1,112 1,193
EBIT 1 132.3 487.8 606.4 899.8 895.3 997.6 1,055 1,136
Net income 1 56.39 - 407.9 502.2 517.7 589.6 637.6 693.1
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,308 3,314 2,974
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.360 1.360 1.360
Nbr of stocks (in thousands) 68,00,839 68,00,839 68,00,839 68,00,839 68,00,839 68,00,839 - -
Announcement Date 24/02/22 28/02/23 23/02/24 26/02/25 26/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.98x5.02x13.5x3.17% 4.55TCr
20.26x4.18x17.08x1.23% 2.98TCr
8.79x1.51x7.72x4.01% 3.09TCr
5.6x0.6x1.24x8.99% 2.68TCr
14.34x3.11x14.91x2.45% 2.55TCr
14.86x6.78x18.19x1.44% 2.08TCr
9.15x2.36x7.27x3.81% 2.16TCr
Average 12.71x 3.37x 11.42x 3.59% 2.87TCr
Weighted average by Cap. 13.07x 3.42x 11.50x 3.59%

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

  1. Stock Market
  2. Stocks
  3. 5288 Stock
  4. SIMEF Stock
  5. Valuation Sime Darby Property