BOILERM – Fundamental Analysis (2 Mar 2015)

BOILERM Analysis:-

Excel – http://1drv.ms/1DIm71c

Notes – http://tinyurl.com/mf7ng3w

My View:-

  • Valuation:
    • 5Y-DCF:
      • Good Scenario: 2.13 (Fair value uncertainty: LOW)
      • Base Scenario: 1.88 (Fair value uncertainty: MEDIUM)
      • Bad Scenario: 1.65 (Fair value uncertainty: MEDIUM)
      • Ugly Scenario: 1.44 (Fair value uncertainty: HIGH)
      • At current price (1.5), based on RDCF, assumption of FCFF growth rate in the next 5 years is 13%.
    • Absolute EY%:
      • Trailing:
        • FY14 (EPS: 0.12) – Fair value 2.36 (Fair Value Uncertainty: LOW)
        • R4Q (EPS: 0.125) – Fair value 2.45 (Fair Value Uncertainty: LOW)
      • Forward:
        • FY15 (EPS: 0.128) – Fair value 2.51 (Fair Value Uncertainty: LOW)
        • FY16 (EPS: 0.147) – Fair value 2.88 (Fair Value Uncertainty: LOW)
      • EPS applied to reach the current stock price (1.5): 0.077
  • I am very new to this counter. I will look for its competitors, and study more.
  • BOILERM started bullish since Jan of 2013, but looking at this, it is still undervalued
  • I will place this counter in Watch List.

Latest Financial – Q3 2015 Financial Report (25 Feb 2015) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1885317

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

Advertisements

2 thoughts on “BOILERM – Fundamental Analysis (2 Mar 2015)

  1. Good Morning LC,
    Can Cypark be considered as competitor since both companies are in the RE(renewable energy) sector?

    Rgds.

    Like

    • They only intersect in RE, and they have other operating segments which are very different. So hard to do peer to peer comparison

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s