DELEUM – Fundamental Analysis (25 Aug 2014)

DELEUM Analysis:-

Excel – http://1drv.ms/1pwbNUP

My View:-

– Fair Value
  – Absolute EY% Valuation:
    – Trailing:   
      – FY13 (EPS: 0.33) – Buy below 2.72, fair value 3.35 (MOS: 34%)
      – R4Q (EPS: 0.137) – Buy below 1.13, fair value 1.38 (MOS: -59.7%)
    – Forward:   
      – FY14 (EPS: 0.142) – Buy below 1.17, fair value 1.44 (MOS: -53.6%)
      – FY15 (EPS: 0.171) – Buy below 1.41, fair value 1.73 (MOS: -27.5%)
    – EPS applied to reach the current stock price (2.21): 0.218
  – 5-Y DCF:
    – 2.51 – 2.84 (MOS: 12% – 22%)
– The long term outlook looks bright for Deleum, with a RM3.5bn orderbook lasting up to 7 years and 2 major contracts commencing in FY14.
– I will wait for bigger correction. Let see how it goes.

Latest Financial – Q2 2014 Financial Report (20 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1715565

At the time of writing, I did not own shares of DELEUM.

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