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Dialog Group Bhd
KLSE:DIALOG

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Dialog Group Bhd
KLSE:DIALOG
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Price: 2.27 MYR -2.16% Market Closed
Market Cap: 12.8B MYR

P/FCFE

16.7
Current
18%
Cheaper
vs 3-y average of 20.4

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
16.7
=
Market Cap
MYR10.3B
/
Free Cash Flow to Equity
768.1m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
16.7
=
Market Cap
MYR10.3B
/
Free Cash Flow to Equity
768.1m

Valuation Scenarios

Dialog Group Bhd is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (20.4), the stock would be worth MYR2.78 (23% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-30%
Maximum Upside
+23%
Average Upside
1%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 16.7 MYR2.27
0%
3-Year Average 20.4 MYR2.78
+23%
5-Year Average 18.4 MYR2.51
+11%
Industry Average 11.7 MYR1.6
-30%
Country Average 16.5 MYR2.25
-1%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
MY
Dialog Group Bhd
KLSE:DIALOG
12.8B MYR 16.7 22.9
US
Schlumberger NV
NYSE:SLB
85.1B USD 31 25.4
US
Baker Hughes Co
NASDAQ:BKR
69.1B USD 33.8 22
US
Halliburton Co
NYSE:HAL
35.3B USD 20.7 22.5
LU
Tenaris SA
MIL:TEN
27.6B EUR 18.3 16.9
UK
TechnipFMC PLC
NYSE:FTI
30.3B USD 33.4 31.2
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
140.3B CNY 74.5 50
UK
Subsea 7 SA
OSE:SUBC
98.7B NOK 14.3 25.4
IT
Saipem SpA
MIL:SPM
8.9B EUR 42.5 18.8
FR
Technip Energies NV
PAR:TE
7.1B EUR 14.4 19.4
US
Weatherford International PLC
NASDAQ:WFRD
7.9B USD 38.6 17

Market Distribution

In line with most companies in Malaysia
Percentile
50th
Based on 304 companies
50th percentile
16.7
Low
0.2 — 10.7
Typical Range
10.7 — 31.5
High
31.5 —
Distribution Statistics
Malaysia
Min 0.2
30th Percentile 10.7
Median 16.5
70th Percentile 31.5
Max 143 415.1

Dialog Group Bhd
Glance View

Dialog Group Bhd, founded in 1984 and headquartered in Malaysia, has established itself as a formidable player in the oil and gas sector. Over the decades, it has leveraged its expertise across the industry spectrum, from upstream activities such as exploration and production, to downstream services like refining and petrochemical processing. The company has also positioned itself strategically in the midstream segment, which includes the development of storage facilities, most notably at its Pengerang Deepwater Terminal in Johor. This integrated approach allows Dialog Group to serve a diverse client base, including multinational oil companies and national oil corporations, thereby ensuring steady revenue streams and operational resilience. The company's success largely stems from its robust business model that capitalizes on long-term recurring income, derived from its investments in infrastructure-focused projects. Dialog Group not only develops these projects but also provides comprehensive engineering and maintenance services. This dual capability not only enhances project value but also engenders client loyalty, as partners often prefer a single entity covering both construction and operational aspects. As a result, Dialog Group is able to secure and maintain strong financial performance and generate consistent cash flows, ensuring its position as a leader in the oil and gas industry not just in Malaysia, but also in the broader Asia-Pacific region.

DIALOG Intrinsic Value
1.7 MYR
Overvaluation 25%
Intrinsic Value
Price MYR2.27
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