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Malaysia Airports Holdings Bhd
KLSE:AIRPORT

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Malaysia Airports Holdings Bhd
KLSE:AIRPORT
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Price: 10.9 MYR Market Closed
Market Cap: 18.2B MYR

EV/EBIT

16.5
Current
0%
Cheaper
vs 3-y average of 16.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
16.5
=
Enterprise Value
MYR20.1B
/
EBIT
1.2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
16.5
=
Enterprise Value
MYR20.1B
/
EBIT
1.2B

Valuation Scenarios

Malaysia Airports Holdings Bhd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (16.6), the stock would be worth MYR10.94 (0% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-24%
Maximum Upside
+0%
Average Downside
8%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 16.5 MYR10.9
0%
3-Year Average 16.6 MYR10.94
+0%
5-Year Average 16.5 MYR10.9
0%
Industry Average 15.3 MYR10.09
-7%
Country Average 12.6 MYR8.3
-24%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
MYR20.1B
/
Oct 2024
1.2B
=
16.5
Current
MYR20.1B
/
Dec 2024
1.6B
=
12.9
Forward
MYR20.1B
/
Dec 2025
1.7B
=
11.9
Forward
MYR20.1B
/
Dec 2026
1.8B
=
11.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close

Market Distribution

In line with most companies in Malaysia
Percentile
62nd
Based on 402 companies
62nd percentile
16.5
Low
0.1 — 8.2
Typical Range
8.2 — 20
High
20 —
Distribution Statistics
Malaysia
Min 0.1
30th Percentile 8.2
Median 12.6
70th Percentile 20
Max 116 799.5

Malaysia Airports Holdings Bhd
Glance View

Malaysia Airports Holdings Bhd (MAHB) orchestrates the intricate symphony of aviation infrastructure across Malaysia's vast landscape and beyond. Established in 1991, the company is the custodian of Malaysia's passion for connecting people and cultures. Its flagship, the Kuala Lumpur International Airport (KLIA), serves as a dynamic hub for both regional and international travel. Complementing KLIA, MAHB manages a network of airports across the Malaysian peninsula and in East Malaysia, playing a vital role in the nation’s economic ecosystem by facilitating tourism and fostering commerce. Their operations encompass more than just the facilitation of airlines; they extend into retail and airport services, creating a comprehensive travel experience for millions of passengers each year. MAHB generates revenue through a diversified model extending beyond basic airport operations. Aeronautical revenues, collected from airport charges and passenger service fees, are complemented by a robust non-aeronautical portfolio involving property leasing and commercial activities within the airport complexes. This includes duty-free shops, F&B outlets, and advertising space, energizing their revenue streams independently of flight volumes. Moreover, the company's expansion strategy doesn't stop at home; it also manages international airports, like the Sabiha Gökçen International Airport in Istanbul, further diversifying its geographical presence and revenue sources. As a key player in Malaysia's infrastructure and a significant contributor to its tourism industry, MAHB stands as a pivotal institution driving not just air traffic but also the broader Malaysian economy.

AIRPORT Intrinsic Value
14.03 MYR
Undervaluation 22%
Intrinsic Value
Price MYR10.9
M
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