Equity Development Investment Valuation

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

Below Fair Value: Insufficient data to calculate GSMF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GSMF's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GSMF. This is calculated by dividing GSMF's market cap by their current revenue.
What is GSMF's PS Ratio?
PS Ratio	0.6x
Sales	Rp1.25t
Market Cap	Rp782.67b

GSMF 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	0.9x
Enterprise Value/EBITDA	24x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GSMF 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	1x
AMAG Asuransi Multi Artha Guna	1.7x	n/a	Rp1.7t
MTWI Malacca Trust Wuwungan Insurance	1.9x	n/a	Rp467.9b
ASMI Asuransi Maximus Graha Persada	0.3x	n/a	Rp98.5b
MREI Maskapai Reasuransi Indonesia	0.2x	n/a	Rp502.3b
GSMF Equity Development Investment	0.6x	n/a	Rp782.7b

Price-To-Sales vs Peers: GSMF is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does GSMF's PS Ratio compare vs other companies in the ID Insurance Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
PNIN Paninvest	0.2x	n/a	US$284.50m
MREI Maskapai Reasuransi Indonesia	0.2x	n/a	US$31.64m
ASRM Asuransi Ramayana	0.3x	n/a	US$27.60m
ASMI Asuransi Maximus Graha Persada	0.3x	n/a	US$6.21m

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GSMF is good value based on its Price-To-Sales Ratio (0.6x) compared to the ID Insurance industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is GSMF'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.

GSMF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

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