| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| HEVEA | KANGER | AURO | WANGZNG | MIECO | | TIMWELL | |
| KLSE:HEVEA | KLSE:KANGER | KLSE:AURO | KLSE:WANGZNG | KLSE:MIECO | | KLSE:TIMWELL | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.8% | -10.8% | 0.2% | 2.5% | -0.9% | | -3.9% | |
| 3Y CAGR | -4.1% | 17.6% | 8.8% | 11.1% | 3.1% | | -9.2% | |
| Latest Twelve Months | 10.4% | -54.2% | 231.5% | 9.4% | 13.7% | | 22.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 0.8% | -105.2% | -236.9% | 2.3% | -5.5% | | 1.8% | |
| Prior Fiscal Year | -3.2% | 12.3% | -210.8% | 1.8% | -22.5% | | -16.5% | |
| Latest Fiscal Year | -4.2% | -43.5% | -27.9% | 0.7% | 2.1% | | -1.7% | |
| Latest Twelve Months | -4.2% | -71.0% | -18.2% | 0.7% | 2.1% | | -1.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.11x | 1.36x | 6.15x | 0.17x | 2.20x | | 1.50x | |
| EV / LTM EBIT | -2.6x | -1.9x | -33.8x | 24.3x | 105.4x | | -90.4x | |
| Price / LTM Sales | 0.37x | 1.46x | 5.83x | 0.25x | 1.68x | | 1.42x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.11x | 1.36x | 6.15x | | | | | |
| Historical EV / LTM Revenue | 1.50x | 1.67x | 2.67x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.44x | 1.51x | 1.59x | | | | | |
| (x) LTM Revenue | 23 | 23 | 23 | | | | | |
| (=) Implied Enterprise Value | 33 | 35 | 37 | | | | | |
| (-) Non-shareholder Claims * | (2) | (2) | (2) | | | | | |
| (=) Equity Value | 31 | 33 | 35 | | | | | |
| (/) Shares Outstanding | 89.1 | 89.1 | 89.1 | | | | | |
| Implied Value Range | 0.35 | 0.37 | 0.39 | | | | | |
| FX Rate: MYR/MYR | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.35 | 0.37 | 0.39 | | 0.37 | | | |
| Upside / (Downside) | -4.5% | 0.8% | 6.1% | | | | | |