SPRITZR – Fundamental Analysis (16 Nov 2014)

SPRITZR Analysis:-

Excel – http://1drv.ms/1sSL2ry

My View:-

– Fair values:
  – 3-Y DCF:
    – Base Scenario – 3.18 (Fair Value Uncertainty: LOW)
    – Good Scenario – 3.51 (Fair Value Uncertainty: LOW)
    – Bad Scenario – 2.87 (Fair Value Uncertainty: LOW)
    – Ugly Scenario – 2.59 (Fair Value Uncertainty: MEDIUM)
  – Absolute EY%:
    – Trailing:
      – FY14 (EPS: 0.162) – Fair value 2.1 (Fair Value Uncertainty: HIGH)
      – R4Q (EPS: 0.17) – Fair value 2.19 (Fair Value Uncertainty: MEDIUM)
    – Forward:
      – FY15 (EPS: 0.188) – Fair value 2.43 (Fair Value Uncertainty: MEDIUM)
      – FY16 (EPS: 0.196) – Fair value 2.53 (Fair Value Uncertainty: MEDIUM)
    – EPS applied to reach the current stock price (2.06): 0.16
– In my opinion, SPRITZR is still undervalued in long term.

Latest Financial – Q1 2015 Financial Report (14 Oct 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1764537

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

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