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 8,433 - -
Change - -24.37% 38.89% 170.4% -17.75% -10.79% - -
Enterprise Value (EV) 1 7,327 6,277 6,913 13,998 13,276 11,890 11,931 11,701
Change - -14.33% 10.14% 102.48% -5.16% -10.44% 0.35% -1.93%
P/E 74.4x 9.78x 10.4x 22.9x 18.3x 14.1x 13.3x 12.1x
PBR 0.44x 0.32x 0.42x 1.12x 0.9x 0.77x 0.74x 0.72x
PEG - 0x 0.3x 1x 5.87x 0.9x 2.14x 1.22x
Capitalization / Revenue 1.82x 1.12x 1.24x 2.7x 2.26x 1.87x 1.8x 1.73x
EV / Revenue 3.3x 2.29x 2.01x 3.29x 3.17x 2.64x 2.55x 2.41x
EV / EBITDA 44.5x 12.1x 10.8x 14.5x 14x 10.9x 10.5x 9.38x
EV / EBIT 55.4x 12.9x 11.4x 15.6x 14.8x 11.8x 11.2x 10x
EV / FCF 15x 12.9x -62.8x 30.8x 42.1x 15.4x 16.9x 14.9x
FCF Yield 6.67% 7.78% -1.59% 3.24% 2.38% 6.5% 5.9% 6.69%
Dividend per Share 2 0.01 - 0.025 0.03 0.03 0.0366 0.0403 0.0427
Rate of return 1.68% - 4% 1.78% 2.16% 2.95% 3.25% 3.45%
EPS 2 0.008 0.046 0.06 0.0738 0.0761 0.0878 0.0933 0.1025
Distribution rate 125% - 41.7% 40.7% 39.4% 41.7% 43.2% 41.7%
Net sales 1 2,220 2,742 3,437 4,251 4,184 4,499 4,681 4,863
EBITDA 1 164.7 519.8 638.2 964.6 948.9 1,088 1,133 1,247
EBIT 1 132.3 487.8 606.4 899.8 895.3 1,006 1,070 1,166
Net income 1 56.39 - 407.9 502.2 517.7 595.5 634.4 693.6
Net Debt 1 3,280 3,217 2,663 2,504 3,822 3,457 3,498 3,268
Reference price 2 0.595 0.450 0.625 1.690 1.390 1.240 1.240 1.240
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
60.56x - - - 6.46TCr
13.75x4.48x12.05x3.68% 3.91TCr
5.61x0.73x1.51x8.77% 2.74TCr
8.05x1.45x8.04x4.4% 2.67TCr
17.28x3.88x15.6x1.42% 2.67TCr
13.18x3.02x14.44x2.65% 2.43TCr
9.11x3.35x7.66x-.--% 2.15TCr
10.19x2x8.23x4.12% 2.05TCr
7.95x0.88x3.21x2.81% 2.03TCr
Average 16.19x 2.47x 8.84x 3.48% 3.01TCr
Weighted average by Cap. 22.75x 2.62x 9.17x 3.61%

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