DELEUM – Fundamental Analysis (21 May 2015)

DELEUM Analysis:-

Excel – http://1drv.ms/1Lg34hg

Notes – http://tinyurl.com/nhnqj82

My View:-

  • Valuation
    • Absolute EY%:
      • Trailing:
        • FY14 (EPS: 0.148) – Fair value 1.5 (Fair Value Uncertainty: HIGH)
        • R4Q (EPS: 0.144) – Fair value 1.46 (Fair Value Uncertainty: HIGH)
      • Forward:
        • FY15 (EPS: 0.161) – Fair value 1.63 (Fair Value Uncertainty: HIGH)
        • FY16 (EPS: 0.167) – Fair value 1.69 (Fair Value Uncertainty: HIGH)
      • EPS applied to reach the current stock price (1.58): 0.157
  • Valuation of DELEUM is not attractive.
  • 09 Mar 2015 – The RM3.8 billion order book provides long-term earnings visibility as the group’s lengthiest contract extends to 2023.
  • The slump of brent crude oil futures is having an effect on the level of activities of the O&G producers and contractors in Malaysia.

Latest Financial – Q1 2015 Financial Report (20 May 2015) http://www.bursamalaysia.com/market/listed-companies/company-announcements/4742689

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

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