MYEG – Fundamental Analysis (30 Nov 2014)

MYEG Analysis:-

Excel – http://1drv.ms/1vYsWv8

My View:-

– Fair values:
  – Absolute EY%:
    – Trailing:
      – FY14 (EPS: 0.085) – Fair value 2.35 (Fair Value Uncertainty: EXTREME)
      – R4Q (EPS: 0.091) – Fair value 2.51 (Fair Value Uncertainty: EXTREME)
    – Forward:
      – FY15 (EPS: 0.122) – Fair value 3.37 (Fair Value Uncertainty: EXTREME)
      – FY16 (EPS: 0.218) – Fair value 6.01 (Fair Value Uncertainty: LOW)
    – EPS applied to reach the current stock price (4.25): 0.154
– Higher estimation of EPS for FY16 factored in potential CSTM project which will be MyEG’s main earnings growth driver over the next few years
– This is a no-brainer business and fully blessed by our beloved Government.

Latest Financial – Q1 2015 Financial Report (28 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1809809

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

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