Company Valuation: Encorp

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.33 104.4 69.59 85.4 66.42 52.19
Change - 40.43% -33.33% 22.73% -22.22% -21.43%
Enterprise Value (EV) 1 894 823.3 698.2 656.5 523.9 418.1
Change - -7.91% -15.19% -5.97% -20.2% -20.19%
P/E -19.9x -9.58x -3.45x -9.29x 36.8x -4.12x
PBR 0.2x 0.3x 0.21x 0.26x 0.2x 0.16x
PEG - -0x -0x 0.2x -0x 0x
Capitalization / Revenue 0.55x 0.71x 0.51x 0.66x 0.64x 0.55x
EV / Revenue 6.67x 5.61x 5.08x 5.08x 5.04x 4.44x
EV / EBITDA 18.7x 11.5x 13.2x 13.4x 10.5x 18.9x
EV / EBIT 18.9x 11.5x 13.3x 13.5x 10.7x 19.3x
EV / FCF -3.05x 418x 86.2x -23.7x 123x -21x
FCF Yield -32.8% 0.24% 1.16% -4.22% 0.81% -4.77%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0118 -0.0344 -0.0637 -0.029 0.005712 -0.0401
Distribution rate - - - - - -
Net sales 1 134.1 146.7 137.5 129.2 104 94.1
EBITDA 1 47.74 71.86 52.94 49.03 49.7 22.13
EBIT 1 47.31 71.52 52.59 48.59 49.17 21.65
Net income 1 -3.643 -10.89 -20.14 -9.188 1.807 -12.68
Net Debt 1 819.6 718.9 628.6 571.1 457.4 365.9
Reference price 2 0.2350 0.3300 0.2200 0.2700 0.2100 0.1650
Nbr of stocks (in thousands) 316,299 316,299 316,299 316,299 316,299 316,299
Announcement Date 2/4/21 29/3/22 29/3/23 27/3/24 30/4/25 30/4/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 10.86M
68.99x2.97x29.05x0.07% 99.99B
13.07x1.06x5.83x4.49% 71.46B
39.05x4.84x26.9x0.18% 59.22B
25.81x1.97x19.12x1.2% 55.97B
55.56x4.65x29.82x1.56% 46.32B
33.24x0.78x13.21x1.91% 39.03B
28.29x0.55x8.74x2.13% 35.8B
26.33x1.7x16.44x0.18% 34.17B
4.69x0.3x6.26x6.06% 27.76B
Average 32.78x 2.09x 17.26x 1.98% 46.97B
Weighted average by Cap. 37.26x 2.35x 19.01x 1.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA