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IJM Corporation Bhd
KLSE:IJM

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IJM Corporation Bhd
KLSE:IJM
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Price: 2.28 MYR -0.87% Market Closed
Market Cap: 8.3B MYR

EV/EBIT

10.9
Current
28%
More Expensive
vs 3-y average of 8.6

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
10.9
=
Enterprise Value
MYR10.3B
/
EBIT
879.6m

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
10.9
=
Enterprise Value
MYR10.3B
/
EBIT
879.6m

Valuation Scenarios

IJM Corporation Bhd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (8.6), the stock would be worth MYR1.79 (22% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-22%
Maximum Upside
+15%
Average Downside
3%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 10.9 MYR2.28
0%
3-Year Average 8.6 MYR1.79
-22%
5-Year Average 9.3 MYR1.94
-15%
Industry Average 12.1 MYR2.51
+10%
Country Average 12.6 MYR2.62
+15%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
MYR10.3B
/
Jan 2026
879.6m
=
10.9
Current
MYR10.3B
/
Mar 2026
979.5m
=
10.5
Forward
MYR10.3B
/
Mar 2027
1.1B
=
9.2
Forward
MYR10.3B
/
Mar 2028
1.2B
=
9
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 Cap EV/EBIT P/E
MY
IJM Corporation Bhd
KLSE:IJM
8B MYR 10.9 26.1
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 11.5 19.9
US
Quanta Services Inc
NYSE:PWR
90.5B USD 61.6 88.3
FR
Vinci SA
PAR:DG
74.3B EUR 9.9 15.1
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 24.3 34.4
US
Comfort Systems USA Inc
NYSE:FIX
58.9B USD 44.1 57.6
IN
Larsen and Toubro Ltd
F:LTO
47.6B EUR 22.4 31.7
ES
Ferrovial SA
MAD:FER
43.6B EUR 51.2 48.8
NL
Ferrovial SE
AEX:FER
43.3B EUR 51.5 48.8
DE
Hochtief AG
XETRA:HOT
34B EUR 16.7 37.7
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
32B EUR 29.9 33.4

Market Distribution

In line with most companies in Malaysia
Percentile
40th
Based on 402 companies
40th percentile
10.9
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

IJM Corporation Bhd
Glance View

Market Cap
8.3B MYR
Industry
Construction

IJM Corporation Bhd, a stalwart in Malaysia's construction and property development sector, began its journey in 1983 when three local construction giants, IGB Construction, Jurutama, and Mudajaya Construction, forged a visionary merger. This strategic union equipped IJM with the prowess to undertake large-scale infrastructure projects, positioning it as a trusted partner in shaping Malaysia’s skylines and beyond. Its foundation in construction remains the backbone of its operations, delivering a steady stream of revenue through government contracts and private sector projects. Through adept project management and leveraging economies of scale, IJM efficiently conducts its construction business, which ranges from building highways and skyscrapers to major infrastructure, establishing its footprint in both local and international markets. While its roots are firmly entrenched in construction, IJM has diversified its interests into various sectors—property development, manufacturing, quarrying, infrastructure concessions, and plantations—all of which converge to create a robust revenue base. The property development arm capitalizes on the demand for residential, commercial, and industrial spaces, translating Malaysia’s rapid urbanization into profitable ventures. Additionally, IJM’s foray into infrastructure concessions provides long-term earnings through toll road operations and other public-private partnership projects. Its manufacturing and quarrying units support construction activities by supplying essential materials, fostering cost efficiency, and ensuring quality control. Meanwhile, the plantation division taps into the agricultural domain, contributing to revenues through palm oil production. This diverse portfolio not only mitigates risk but also ensures IJM remains agile and resilient in an ever-evolving economic landscape.

IJM Intrinsic Value
2.74 MYR
Undervaluation 17%
Intrinsic Value
Price MYR2.28
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