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 26,369 - -
Change - 36.08% 19.55% 90.52% 37.5% -12.09% - -
Enterprise Value (EV) 1 8,728 10,775 14,196 26,259 36,416 34,008 34,833 35,012
Change - 23.46% 31.75% 84.97% 38.68% -6.61% 2.43% 0.51%
P/E 12x 11.8x 6.33x 24.5x 30.2x 24.8x 19.8x 15.4x
PBR 0.77x 0.97x 1.06x 1.92x 2.5x 2.06x 1.95x 1.8x
PEG - 0.3x 0x -0.5x 4.43x 6.08x 0.8x 0.5x
Capitalization / Revenue 2x 1.86x 1.38x 1.63x 1.88x 1.52x 1.22x 0.99x
EV / Revenue 2.48x 2.09x 1.71x 1.97x 2.28x 1.96x 1.62x 1.31x
EV / EBITDA 10.8x 11x 13.2x 23.7x 23.7x 21.1x 17.2x 14x
EV / EBIT 14.9x 14.6x 14.9x 27.8x 27.2x 23.7x 19.4x 15.9x
EV / FCF 10.6x -137x -11x -171x -382x 24.5x -43.2x 44.5x
FCF Yield 9.44% -0.73% -9.08% -0.58% -0.26% 4.09% -2.31% 2.25%
Dividend per Share 2 - 0.06 0.25 0.08 0.2 0.0965 0.1026 0.1262
Rate of return - 3.2% 11.6% 2.04% 3.86% 2.18% 2.32% 2.86%
EPS 2 0.117 0.1586 0.3398 0.1606 0.1715 0.1785 0.2235 0.2875
Distribution rate - 37.8% 73.6% 49.8% 117% 54.1% 45.9% 43.9%
Net sales 1 3,517 5,163 8,281 13,347 15,970 17,319 21,537 26,716
EBITDA 1 811.3 978 1,073 1,108 1,536 1,613 2,027 2,510
EBIT 1 586.1 737.1 953.9 945.2 1,337 1,433 1,795 2,206
Net income 1 588.3 806.2 1,838 912.1 1,003 1,044 1,339 1,725
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 4.420 4.420 4.420
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.($)
24.76x1.96x21.08x2.18% 6.53B
55.8x2.55x24.36x0.07% 96.12B
13.13x1.11x6.08x4.46% 77.18B
34.09x4.29x23.27x0.2% 58.17B
27.37x2.09x20.54x1.1% 58.78B
55.42x4.42x28.13x1.57% 45.26B
29.72x0.73x12.12x2.08% 37.56B
23.71x1.62x14.94x0.19% 34.26B
24.52x0.5x7.92x2.41% 33.97B
4.47x0.3x5.97x6.3% 26.98B
Average 29.30x 1.96x 16.44x 2.06% 47.48B
Weighted average by Cap. 32.69x 2.16x 17.23x 1.79%

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