Apex Investment PSC Valuation

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

APEX (AED4.41) is trading above our estimate of [[fair value]] (AED4.28)

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: APEX (AED4.41) is trading above our estimate of fair value (AED4.28)

Significantly Below Fair Value: APEX is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As APEX is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for APEX. This is calculated by dividing APEX's market cap by their current revenue.
What is APEX's PS Ratio?
PS Ratio	19.1x
Sales	د.إ820.69m
Market Cap	د.إ15.67b

APEX 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/Revenue	17.6x
Enterprise Value/EBITDA	77.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does APEX's PS Ratio compare to its peers?

The above table shows the PS ratio for APEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.8x
EMSTEEL Emsteel Building Materials PJSC	1x	n/a	د.إ8.6b
NCC National Cement Company (Public Shareholding)	5.6x	n/a	د.إ1.1b
RAKWCT Ras Al Khaimah for White Cement & Construction Materials P.S.C	2.3x	n/a	د.إ580.2m
FBI Fujairah Building Industries P.J.S.C	2.4x	n/a	د.إ482.8m
APEX Apex Investment PSC	19.1x	n/a	د.إ15.7b

Price-To-Sales vs Peers: APEX is expensive based on its Price-To-Sales Ratio (19.1x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does APEX's PS Ratio compare vs other companies in the Asian Basic Materials Industry?

25 Companies	Price / Sales	Estimated Growth	Market Cap

25 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: APEX is expensive based on its Price-To-Sales Ratio (19.1x) compared to the Asian Basic Materials industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

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

APEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	19.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate APEX's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.