Bumi Armada Berhad

KLSE:ARMADA Stock Report

Market Cap: RM 3.0b

Bumi Armada Berhad Valuation

Is ARMADA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARMADA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARMADA (MYR0.5) is trading below our estimate of fair value (MYR0.66)

Significantly Below Fair Value: ARMADA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARMADA?

Other financial metrics that can be useful for relative valuation.

ARMADA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA4.2x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does ARMADA's PE Ratio compare to its peers?

The above table shows the PE ratio for ARMADA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
KEYFIELD Keyfield International Berhad
10.9x18.6%RM 1.8b
DAYANG Dayang Enterprise Holdings Bhd
8.6x-2.3%RM 2.8b
WASCO Wasco Berhad
5.5x-6.0%RM 859.5m
YINSON Yinson Holdings Berhad
9.9x14.3%RM 7.9b
ARMADA Bumi Armada Berhad
5.7x3.7%RM 3.0b

Price-To-Earnings vs Peers: ARMADA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does ARMADA's PE Ratio compare vs other companies in the Asian Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.1%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.1%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: ARMADA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Asian Energy Services industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is ARMADA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARMADA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio8.2x

Price-To-Earnings vs Fair Ratio: ARMADA is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARMADA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.50
RM 0.70
+39.3%
14.5%RM 0.85RM 0.55n/a11
Sep ’25RM 0.54
RM 0.69
+29.4%
14.0%RM 0.85RM 0.55n/a12
Aug ’25RM 0.55
RM 0.68
+25.2%
13.5%RM 0.84RM 0.50n/a12
Jul ’25RM 0.56
RM 0.69
+22.4%
12.9%RM 0.84RM 0.50n/a12
Jun ’25RM 0.57
RM 0.69
+20.3%
12.9%RM 0.84RM 0.50n/a12
May ’25RM 0.59
RM 0.66
+11.4%
12.2%RM 0.75RM 0.50n/a12
Apr ’25RM 0.58
RM 0.66
+13.4%
12.2%RM 0.75RM 0.50n/a12
Mar ’25RM 0.54
RM 0.65
+21.1%
12.0%RM 0.75RM 0.50n/a12
Feb ’25RM 0.56
RM 0.64
+14.7%
15.4%RM 0.75RM 0.38n/a13
Jan ’25RM 0.49
RM 0.64
+29.8%
15.4%RM 0.75RM 0.38n/a13
Dec ’24RM 0.51
RM 0.64
+25.9%
15.4%RM 0.75RM 0.38n/a13
Nov ’24RM 0.54
RM 0.64
+18.9%
17.3%RM 0.75RM 0.38n/a13
Oct ’24RM 0.56
RM 0.62
+10.1%
17.0%RM 0.75RM 0.38RM 0.4713
Sep ’24RM 0.53
RM 0.61
+16.0%
17.1%RM 0.75RM 0.38RM 0.5413
Aug ’24RM 0.53
RM 0.63
+19.0%
21.5%RM 0.83RM 0.38RM 0.5513
Jul ’24RM 0.47
RM 0.63
+33.1%
20.1%RM 0.83RM 0.38RM 0.5613
Jun ’24RM 0.63
RM 0.74
+18.3%
16.9%RM 0.87RM 0.44RM 0.5713
May ’24RM 0.67
RM 0.71
+6.5%
16.0%RM 0.87RM 0.44RM 0.5913
Apr ’24RM 0.63
RM 0.71
+13.3%
16.0%RM 0.87RM 0.44RM 0.5813
Mar ’24RM 0.62
RM 0.71
+15.1%
16.0%RM 0.87RM 0.44RM 0.5413
Feb ’24RM 0.57
RM 0.67
+15.7%
17.7%RM 0.88RM 0.44RM 0.5613
Jan ’24RM 0.48
RM 0.67
+38.6%
17.7%RM 0.88RM 0.44RM 0.4913
Dec ’23RM 0.48
RM 0.67
+38.6%
17.4%RM 0.88RM 0.44RM 0.5113
Nov ’23RM 0.40
RM 0.64
+62.2%
16.7%RM 0.83RM 0.44RM 0.5413
Oct ’23RM 0.39
RM 0.66
+71.6%
19.0%RM 0.92RM 0.44RM 0.5614

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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