Golden Harvest Agro Industries Valuation

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

GHAIL (BDT10.1) is trading above our estimate of [[fair value]] (BDT0.66)

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

Valuation Score

1/6

Valuation Score 1/6

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 GHAIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GHAIL (BDT10.1) is trading above our estimate of fair value (BDT0.66)

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

Key Valuation Metric

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

Key metric: As GHAIL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GHAIL. This is calculated by dividing GHAIL's market cap by their current revenue.
What is GHAIL's PS Ratio?
PS Ratio	2.6x
Sales	৳831.61m
Market Cap	৳2.18b

GHAIL 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	4.7x
Enterprise Value/EBITDA	18.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GHAIL 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	13.8x
EMERALDOIL Emerald Oil Industries	1.4x	n/a	৳2.1b
RDFOOD Rangpur Dairy & Food Products	1.4x	n/a	৳1.7b
FUWANGFOOD Fu-Wang Foods	1.2x	n/a	৳1.5b
FINEFOODS Fine Foods	51.3x	n/a	৳3.0b
GHAIL Golden Harvest Agro Industries	2.6x	n/a	৳2.2b

Price-To-Sales vs Peers: GHAIL is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (13.8x).

Price to Sales Ratio vs Industry

How does GHAIL's PS Ratio compare vs other companies in the BD Food Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
AMANFEED Aman Feed	0.3x	n/a	US$28.44m
INDEXAGRO Index Agro Industries	0.7x	n/a	US$25.34m
AMCL(PRAN) Agricultural Marketing	0.5x	n/a	US$13.76m
APEXFOODS Apex Foods	0.6x	n/a	US$10.67m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GHAIL is expensive based on its Price-To-Sales Ratio (2.6x) compared to the Asian Food industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is GHAIL'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.

GHAIL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GHAIL'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.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 07:28
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Golden Harvest Agro Industries Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	BRAC EPL Stock Brokerage Ltd
Topail Ahamed	City Brokerage Limited
Auneea Haquee	Tellimer Research