EFORCE – Fundamental Analysis (27 Aug 2014)

EFORCE Analysis:-

Excel – http://1drv.ms/1lw6wN4

My View:-

– Fair values:
  – 5-Y DCF:
    – 1.14 – 1.30 (MOS: 40% – 47%)
    – EFORCE is a rich cash flow company. In long term, EFORCE is very undervalued.
  – Absolute EY%:
      – Trailing:   
        – FY13 (EPS: 0.034) – Buy below 0.38, fair value 0.45 (MOS: -53%)
        – R4Q (EPS: 0.035) – Buy below 0.39, fair value 0.46 (MOS: -48.6%)
      – Forward:   
        – FY14 (EPS: 0.037) – Buy below 0.41, fair value 0.49 (MOS: -41.1%)
        – FY15 (EPS: 0.04) – Buy below 0.45, fair value 0.52 (MOS: -30.6%)
      – EPS applied to reach the current stock price (0.685): 0.052   
      – In short term, EFORCE is probably undervalued.
– EFORCE has been declining from 0.86 to 0.63 since 4 Jul 2014.
– This is another good stock I consider to buy, but I am just not sure about its growth drivers because Malaysia market in stock trading is not as big as US/Europe.

Latest Financial – Q2 2014 Financial Report (26 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1721493

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

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2 thoughts on “EFORCE – Fundamental Analysis (27 Aug 2014)

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