Ageson Berhad Valuation

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

Below Fair Value: AGES-PA (MYR0.02) is trading below our estimate of fair value (MYR1.11)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGES-PA?

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

The above table shows the Price to Sales ratio for AGES-PA. This is calculated by dividing AGES-PA's market cap by their current revenue.
What is AGES-PA's PS Ratio?
PS Ratio	3x
Sales	RM 8.28m
Market Cap	RM 24.93m

AGES-PA 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	7.6x
Enterprise Value/EBITDA	-0.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AGES-PA's PS Ratio compare to its peers?

The above table shows the PS ratio for AGES-PA 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	0.4x
ZELAN Zelan Berhad	1x	n/a	RM 38.0m
MPIRE Mpire Global Berhad	0.5x	n/a	RM 16.5m
ECOHLDS Ecobuilt Holdings Berhad	0.09x	n/a	RM 14.7m
VIZIONE Vizione Holdings Berhad	0.2x	n/a	RM 43.0m
AGES-PA Ageson Berhad	3x	n/a	RM 24.9m

Price-To-Sales vs Peers: AGES-PA is expensive based on its Price-To-Sales Ratio (3x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does AGES-PA's PS Ratio compare vs other companies in the MY Construction Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
EDGENTA UEM Edgenta Berhad	0.2x	1.2%	US$119.71m
PRTASCO Protasco Berhad	0.09x	n/a	US$24.38m
TJSETIA Tuju Setia Berhad	0.1x	n/a	US$15.68m
VIZIONE Vizione Holdings Berhad	0.2x	n/a	US$9.66m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AGES-PA is expensive based on its Price-To-Sales Ratio (3x) compared to the MY Construction industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is AGES-PA'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.

AGES-PA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AGES-PA'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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