PCHEM–Fundamental Analysis (4 Apr 2014)

PCHEM Analysis:-

Excel – http://1drv.ms/1ndMQuw

My View:-

– Fair value:
  – 10Y DCF: 7.88 – 9.35 (MOS: 14% – 28%)
  – Absolute EY%:
    – R4Q: Buy below 5.00, sell above 6.39
    – FY15: Buy below 6.78, sell above 8.67
  – Both models suggest that PCHEM is current undervalued.
– Basically, this is a no-brainer and cash rich business.
– I am interested to buy PCHEM for my sons.

Latest Financial – Q1 2014 Financial Report (8 May 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1617061

At the time of writing, I did not own shares of PCHEM, and categorized this stock in the Watch List.


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