SCOMIES – Fundamental Analysis (8 Jan 2015)

SCOMIES Analysis:-

Excel – http://1drv.ms/1s8JFKz

Notes – http://tinyurl.com/llvfdv2

My View:-

  • Valuation:
    • Absolute PE:
      • FY14 (EPS: 0.035) – Fair value 0.41 (Fair Value Uncertainty: EXTREME)
      • R4Q (EPS: 0.032) – Fair value 0.38 (Fair Value Uncertainty: EXTREME)
    • Absolute EY%:
      • Trailing:
        • FY14 (EPS: 0.035) – Fair value 0.71 (Fair Value Uncertainty: MEDIUM)
        • R4Q (EPS: 0.032) – Fair value 0.65 (Fair Value Uncertainty: MEDIUM)
      • Forward:
        • FY15 (EPS: 0.044) – Fair value 0.9 (Fair Value Uncertainty: LOW)
        • FY16 (EPS: 0.071) – Fair value 1.44 (Fair Value Uncertainty: LOW)
      • EPS applied to reach the current stock price (0.57): 0.028
  • Existing orderbook of RM5.5bn will help SES to ride through the period of volatility in oil price.
  • I am new to SCOMIES. Further research is still needed.

Latest Financial – Q2 2015 Financial Report (20 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1799985

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

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