MYEG – Fundamental Analysis (26 Aug 2014)

MYEG Analysis:-

Excel – http://1drv.ms/1qIzeqc

My View:-

– Fair values:
  – 5-Y DCF:
    – 3.29 – 3.77 (MOS: 15% – 26%)
  – Absolute EY%:
    – Trailing:   
      – FY14 (EPS: 0.085) – Buy below 1.68, fair value 1.91 (MOS: -46.7%)
      – R4Q (EPS: 0.085) – Buy below 1.68, fair value 1.91 (MOS: -46.7%)
    – Forward:   
      – FY15 (EPS: 0.126) – Buy below 2.5, fair value 2.84 (MOS: 1.6%)
      – FY16 (EPS: 0.16) – Buy below 3.17, fair value 3.6 (MOS: 22.2%)
    – EPS applied to reach the current stock price (2.8): 0.125   
– Looks like DCF and EY% valuation derived similar fair values.
– This is a no-brainer business and fully blessed by our beloved Government.
– I will advice to my family member to accumulate more shares of this stock.

Latest Financial – Q4 2014 (Interim FY14) Financial Report (25 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1719837

At the time of writing, my family member owned shares of MYEG.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s