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Hartalega Holdings Bhd
KLSE:HARTA

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Hartalega Holdings Bhd
KLSE:HARTA
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Price: 1.12 MYR -0.88% Market Closed
Market Cap: 3.8B MYR

EV/S

1.2
Current
53%
Cheaper
vs 3-y average of 2.6

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

EV/S
1.2
=
Enterprise Value
MYR2.1B
/
Revenue
2.2B

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

EV/S
1.2
=
Enterprise Value
MYR2.1B
/
Revenue
2.2B

Valuation Scenarios

Hartalega Holdings Bhd is trading below its 3-year average

If EV/S returns to its 3-Year Average (2.6), the stock would be worth MYR2.36 (111% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+111%
Average Upside
65%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.2 MYR1.12
0%
3-Year Average 2.6 MYR2.36
+111%
5-Year Average 2 MYR1.81
+62%
Industry Average 1.5 MYR1.33
+19%
Country Average 2.1 MYR1.89
+69%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
MYR2.1B
/
Jan 2026
2.2B
=
1.2
Current
MYR2.1B
/
Mar 2026
2.4B
=
0.9
Forward
MYR2.1B
/
Mar 2027
2.6B
=
0.8
Forward
MYR2.1B
/
Mar 2028
2.8B
=
0.8
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
MY
H
Hartalega Holdings Bhd
KLSE:HARTA
Average P/E: 35.8
49.6
32%
1.6
JP
Hoya Corp
TSE:7741
39.6
15%
2.6
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
CH
Alcon AG
SIX:ALC
36.6
32%
1.1
DK
Coloplast A/S
CSE:COLO B
22.8
21%
1.1
US
Align Technology Inc
NASDAQ:ALGN
30.8
34%
0.9
UK
ConvaTec Group PLC
LSE:CTEC
31.8
41%
0.8
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
23.7
9%
2.6
JP
A
Asahi Intecc Co Ltd
TSE:7747
51.2
40%
1.3
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -37.8 N/A N/A
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -15.4 N/A N/A

Market Distribution

In line with most companies in Malaysia
Percentile
33nd
Based on 447 companies
33nd percentile
1.2
Low
0 — 1.1
Typical Range
1.1 — 3.7
High
3.7 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 1.1
Median 2.1
70th Percentile 3.7
Max 5 877.2

Hartalega Holdings Bhd
Glance View

Hartalega Holdings Bhd, founded in 1988 by Kuan Kam Hon, embarked on its journey as a modest manufacturer of latex gloves, driven by the compelling vision of transforming the glove industry through technological innovation and stringent quality standards. Situated in Malaysia, a key hub of rubber production, Hartalega rapidly carved out a niche for itself by focusing on high-efficiency production and sustainability. The company pioneered the introduction of its flagship product, the world’s first lightweight nitrile glove, in response to increasing global demand for more durable and allergy-free alternatives to latex gloves. This innovation positioned Hartalega as a leader in the medical glove market, enabling it to cater to diverse sectors such as healthcare, food, and industrial applications. Operational excellence lies at the heart of Hartalega’s business model. The company leverages advanced automated production facilities that minimize waste and optimize output, driving down costs while boosting quality. By investing heavily in research and development, Hartalega continuously enhances its product offerings, maintaining a competitive edge in an industry characterized by rapidly shifting dynamics. Revenue streams are bolstered by a robust global distribution network that ensures the versatility and availability of their products to satisfy international demands. In this thriving ecosystem, Hartalega's commitment to innovation and sustainability plays a crucial role not only in bolstering its financial performance but also in reinforcing its enduring partnership with clients around the world, shaping the future of hand protection one glove at a time.

HARTA Intrinsic Value
1.12 MYR
Fairly Valued
Intrinsic Value
Price MYR1.12
H
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