Company Valuation: TSH Resources

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,491 1,477 1,346 1,709 1,548 1,425 - -
Change - -0.93% -8.88% 26.98% -9.41% -7.91% - -
Enterprise Value (EV) 1 2,325 1,662 1,398 1,703 1,445 1,171 1,032 886.9
Change - -28.5% -15.92% 21.87% -15.18% -18.97% -11.86% -14.05%
P/E 8.82x 3.23x 14.2x 12.3x 8.75x 10.1x 9.21x 9.63x
PBR 0.91x 0.78x 0.66x 0.86x 0.84x 0.72x 0.69x 0.69x
PEG - 0x -0.2x 0.3x 0.2x -0.6x 0.98x -2.22x
Capitalization / Revenue 1.25x 1.13x 1.26x 1.68x 1.46x 1.35x 1.31x 1.32x
EV / Revenue 1.96x 1.27x 1.31x 1.67x 1.36x 1.11x 0.95x 0.82x
EV / EBITDA 6.38x 4.88x 4.74x 4.83x 3.58x 3.56x 3.09x 2.61x
EV / EBIT 9.19x 6.96x 7.23x 7.6x 4.92x 5.07x 4.13x 3.8x
EV / FCF 6.67x 11.5x 8.31x 9.14x 5.81x 5x 4.64x 3.83x
FCF Yield 15% 8.69% 12% 10.9% 17.2% 20% 21.6% 26.1%
Dividend per Share 2 - 0.105 0.025 0.025 0.05 0.0421 0.0434 0.0492
Rate of return - 9.81% 2.56% 2% 4.1% 3.6% 3.71% 4.21%
EPS 2 0.1225 0.3315 0.0688 0.1019 0.1395 0.1161 0.127 0.1215
Distribution rate - 31.7% 36.3% 24.5% 35.8% 36.3% 34.2% 40.5%
Net sales 1 1,189 1,308 1,067 1,020 1,062 1,053 1,088 1,080
EBITDA 1 364.1 341 294.6 352.4 403.2 328.4 333.5 339.7
EBIT 1 253 239 193.4 224.2 293.9 230.8 249.9 233.4
Net income 1 169 457.5 94.96 140.5 182.9 148.9 163.2 157.1
Net Debt 1 834.2 185.5 51.98 -5.421 -103.2 -254.8 -393.6 -538.6
Reference price 2 1.080 1.070 0.975 1.250 1.220 1.170 1.170 1.170
Nbr of stocks (in thousands) 13,80,174 13,80,174 13,80,174 13,67,007 12,68,857 12,18,375 - -
Announcement Date 24/02/22 23/02/23 22/02/24 27/02/25 25/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.08x1.11x3.56x3.6% 35Cr
-152.99x1.97x18.14x0.15% 3.45TCr
-32.78x1.19x69.46x-.--% 1.52TCr
18.02x0.49x9.41x2.89% 1.06TCr
8.91x1.1x9.07x4.75% 522.54Cr
11.52x0.32x4.46x1.66% 460.33Cr
-15.78x0.66x17.53x0.13% 448.67Cr
-20.36x - - - 392.35Cr
18.65x - - 3.78% 351.75Cr
Average -17.19x 0.98x 18.81x 2.12% 915.11Cr
Weighted average by Cap. -67.63x 1.36x 25.72x 1.06%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TSH Resources

Historical PBR trend

Valuation ratios - PBR - TSH Resources

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TSH Resources

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TSH Resources


Year-on-year evolution of the Yield

Valuation ratios - Yield - TSH Resources
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