Vastland Indonesia Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: VAST (IDR73) is trading above our estimate of fair value (IDR13.24)

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

Key Valuation Metric

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

Key metric: As VAST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VAST. This is calculated by dividing VAST's market cap by their current earnings.
What is VAST's PE Ratio?
PE Ratio	2.2x
Earnings	Rp99.48b
Market Cap	Rp223.07b

VAST 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	8.7x
Enterprise Value/EBITDA	14.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VAST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.9x
SOSS Shield On Service	63.3x	n/a	Rp603.6b
MFMI Multifiling Mitra Indonesia	27.5x	n/a	Rp947.0b
MHKI Multi Hanna Kreasindo	11.7x	n/a	Rp324.0b
HYGN Ecocare Indo Pasifik	21.2x	n/a	Rp378.8b
VAST Vastland Indonesia	2.2x	n/a	Rp223.1b

Price-To-Earnings vs Peers: VAST is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (29.5x).

Price to Earnings Ratio vs Industry

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

17 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	16.9x	16.7%
VAST Vastland Indonesia	2.2x	n/a	US$14.05m

17 Companies		Estimated Growth	Market Cap
Industry Avg.	16.9x	16.7%
VAST Vastland Indonesia	2.2x	n/a	US$14.05m

No more companies

Price-To-Earnings vs Industry: VAST is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Asian Commercial Services industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is VAST'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.

VAST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VAST's Price-To-Earnings 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.