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IJM Corporation Bhd
KLSE:IJM

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IJM Corporation Bhd
KLSE:IJM
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Price: 2.35 MYR 1.73% Market Closed
Market Cap: 8.6B MYR

P/OCF

27.1
Current
215%
More Expensive
vs 3-y average of 8.6

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
27.1
=
Market Cap
MYR8.7B
/
Operating Cash Flow
303.6m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
27.1
=
Market Cap
MYR8.7B
/
Operating Cash Flow
303.6m

Valuation Scenarios

IJM Corporation Bhd is trading above its 3-year average

If P/OCF returns to its 3-Year Average (8.6), the stock would be worth MYR0.75 (68% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-78%
Maximum Upside
No Upside Scenarios
Average Downside
67%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 27.1 MYR2.35
0%
3-Year Average 8.6 MYR0.75
-68%
5-Year Average 5.9 MYR0.51
-78%
Industry Average 10.1 MYR0.88
-63%
Country Average 10.8 MYR0.93
-60%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close

Market Distribution

Higher than 81% of companies in Malaysia
Percentile
81th
Based on 372 companies
81th percentile
27.1
Low
0.4 — 6.5
Typical Range
6.5 — 18.1
High
18.1 —
Distribution Statistics
Malaysia
Min 0.4
30th Percentile 6.5
Median 10.8
70th Percentile 18.1
Max 44 044.5

IJM Corporation Bhd
Glance View

Market Cap
8.6B 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 14%
Intrinsic Value
Price MYR2.35
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