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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.7x - 0.8x | 0.7x |
Selected Fwd Ps Multiple | 0.6x - 0.7x | 0.6x |
Fair Value | S$0.15 - S$0.16 | S$0.16 |
Upside | 2.3% - 13.0% | 7.6% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Collins Foods Limited | - | ASX:CKF |
The Lottery Corporation Limited | - | ASX:TLC |
Transmetro Corporation Limited | - | ASX:TCO |
Reef Casino Trust | - | ASX:RCT |
Domino's Pizza Enterprises Limited | - | ASX:DMP |
ST Group Food Industries Holdings Limited | - | Catalist:DRX |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
CKF | TLC | TCO | RCT | DMP | DRX | |||
ASX:CKF | ASX:TLC | ASX:TCO | ASX:RCT | ASX:DMP | Catalist:DRX | |||
Historical Sales Growth | ||||||||
5Y CAGR | 9.9% | 6.9% | -4.3% | 6.0% | 10.6% | 5.8% | ||
3Y CAGR | 8.7% | 10.7% | 20.2% | -1.7% | 2.6% | 15.4% | ||
Latest Twelve Months | 2.1% | 11.8% | 17.6% | -2.9% | -4.8% | -1.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 3.2% | 10.0% | 0.2% | 13.1% | 5.7% | 0.6% | ||
Prior Fiscal Year | 3.7% | 7.5% | 12.4% | 20.4% | 2.9% | 3.0% | ||
Latest Fiscal Year | 0.6% | 10.4% | 8.6% | 19.9% | 3.9% | 1.2% | ||
Latest Twelve Months | 0.6% | 9.6% | 10.9% | 19.9% | 0.5% | 1.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 14.6x | 18.1x | 5.8x | 5.6x | 13.4x | 14.0x | ||
Price / LTM Sales | 0.7x | 3.1x | 1.0x | 3.3x | 0.7x | 0.7x | ||
LTM P/E Ratio | 117.9x | 32.5x | 9.6x | 16.6x | 136.4x | 58.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.7x | 1.0x | 3.3x | |||||
Historical LTM P/S Ratio | 0.6x | 0.7x | 0.7x | |||||
Selected Price / Sales Multiple | 0.7x | 0.7x | 0.8x | |||||
(x) LTM Sales | 67 | 67 | 67 | |||||
(=) Equity Value | 46 | 49 | 51 | |||||
(/) Shares Outstanding | 255.1 | 255.1 | 255.1 | |||||
Implied Value Range | 0.18 | 0.19 | 0.20 | |||||
FX Rate: AUD/SGD | 1.2 | 1.2 | 1.2 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.15 | 0.16 | 0.17 | 0.15 | ||||
Upside / (Downside) | 4.6% | 10.1% | 15.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | CKF | TLC | TCO | RCT | DMP | DRX | |
Value of Common Equity | 1,044 | 11,992 | 25 | 84 | 1,696 | 44 | |
(/) Shares Outstanding | 117.9 | 2,224.9 | 13.4 | 24.9 | 94.4 | 255.1 | |
Implied Stock Price | 8.85 | 5.39 | 1.86 | 3.38 | 17.96 | 0.17 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.19 | |
Implied Stock Price (Trading Cur) | 8.85 | 5.39 | 1.86 | 3.38 | 17.96 | 0.15 | |
Trading Currency | AUD | AUD | AUD | AUD | AUD | SGD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.19 |