MAXIS – Fundamental Analysis (14 Oct 2014)

MAXIS Analysis:-

Excel – http://1drv.ms/1v5M0Vv

My View:-

– Fair Values:
  – Absolute EY%:
    – Trailing:   
      – FY13 (EPS: 0.235) – Fair value 6.06 (Fair Value Uncertainty: HIGH)
      – R4Q (EPS: 0.225) – Fair value 5.8 (Fair Value Uncertainty: VERY HIGH)
    – Forward:   
      – FY14 (EPS: 0.266) – Fair value 6.84 (Fair Value Uncertainty: HIGH)
      – FY15 (EPS: 0.283) – Fair value 7.28 (Fair Value Uncertainty: MEDIUM)
    – EPS applied to reach the current stock price (6.49): 0.252   
  – 5Y DCF:
    – Good Scenario: 11.36 (Fair Value Uncertainty: LOW)
    – Base Scenario: 9.91 (Fair Value Uncertainty: LOW)
    – Bad Scenario: 8.63 (Fair Value Uncertainty: MEDIUM)
    – Ugly Scenario: 7.50 (Fair Value Uncertainty: MEDIUM)
– The uncertainties (listed in Risks/Challenges) surrounding Maxis makes Maxis highly susceptible to any revenue and/or earnings disappointment.
– I will place MAXIS in the Watch List.

Latest Financial – Q2 2014 Financial Report (22 Jul 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1690861

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

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