Company Valuation: Gamuda

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,038 9,577 11,450 21,814 29,995 26,607 - -
Change - 36.08% 19.55% 90.52% 37.5% -11.29% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 34,247 35,072 35,250
Change - 23.46% 31.75% 84.97% 38.68% -5.96% 2.41% 0.51%
P/E 12x 11.8x 6.33x 24.5x 30.2x 24.9x 19.9x 15.5x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 2.07x 1.96x 1.82x
PEG - 0.3x 0x -0.5x 4.43x 5.45x 0.8x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.53x 1.24x 1.01x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.98x 1.64x 1.33x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 21x 16.9x 13.9x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 23.5x 18.9x 15.8x
EV / FCF 10.6x -137x -11x -171x -382x 24.6x -43.5x 44.8x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.06% -2.3% 2.23%
Dividend per Share 2 - 0.06 0.25 0.08 0.2 0.0963 0.1028 0.1279
Rate of return - 3.2% 11.6% 2.04% 3.86% 2.16% 2.3% 2.87%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1793 0.2244 0.2882
Distribution rate - 37.8% 73.6% 49.8% 117% 53.7% 45.8% 44.4%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,336 21,381 26,421
EBITDA 1 811.3 978 1,073 1,108 1,536 1,632 2,079 2,535
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,455 1,856 2,234
Net income 1 588.3 806.2 1,838 912.1 1,003 1,047 1,344 1,729
Net Debt 1 1,690 1,198 2,746 4,445 6,422 7,639 8,464 8,643
Reference price 2 1.400 1.875 2.150 3.930 5.180 4.460 4.460 4.460
Nbr of stocks (in thousands) 5,027,057 5,107,862 5,325,472 5,550,607 5,790,500 5,965,768 - -
Announcement Date 29/9/21 29/9/22 27/9/23 26/9/24 19/9/25 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.04x1.99x21.09x2.14% 6.5B
58.83x2.66x25.41x0.07% 101B
13.95x1.16x6.37x4.19% 80.3B
35.36x4.45x24.18x0.19% 59.54B
26.86x2.08x20.38x1.13% 58.47B
54.21x4.64x29.12x1.53% 47.82B
31.88x0.78x12.95x1.94% 39.35B
24.68x1.69x15.57x0.19% 36.03B
25.67x0.52x8.25x2.3% 34.92B
4.48x0.29x5.49x6.24% 27.68B
Average 30.09x 2.03x 16.88x 1.99% 49.16B
Weighted average by Cap. 33.88x 2.24x 17.80x 1.72%

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