Econpile Holdings Berhad

KLSE:ECONBHD Stock Report

Market Cap: RM 567.0m

Econpile Holdings Berhad Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: ECONBHD (MYR0.39) is trading below our estimate of fair value (MYR0.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for ECONBHD. This is calculated by dividing ECONBHD's market cap by their current revenue.
What is ECONBHD's PS Ratio?
PS Ratio1.3x
SalesRM 417.60m
Market CapRM 567.00m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for ECONBHD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.5x
PEKAT Pekat Group Berhad
2.5x30.2%RM 590.1m
HSSEB HSS Engineers Berhad
3x37.0%RM 559.3m
AZAMJAYA Azam Jaya Berhad
1.6x23.1%RM 487.5m
KAB Kinergy Advancement Berhad
2.9xn/aRM 655.5m
ECONBHD Econpile Holdings Berhad
1.3x17.5%RM 567.0m

Price-To-Sales vs Peers: ECONBHD is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (2.5x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
EDGENTA UEM Edgenta Berhad
0.2x3.2%US$116.40m
PRTASCO Protasco Berhad
0.09xn/aUS$23.73m
TJSETIA Tuju Setia Berhad
0.1xn/aUS$16.32m
VIZIONE Vizione Holdings Berhad
0.2xn/aUS$10.54m
ECONBHD 1.3xIndustry Avg. 1.1xNo. of Companies14PS00.81.62.43.24+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ECONBHD is expensive based on its Price-To-Sales Ratio (1.3x) compared to the MY Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is ECONBHD'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.

ECONBHD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: ECONBHD is expensive based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

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

The above table shows the analyst ECONBHD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.39
RM 0.52
+33.3%
16.6%RM 0.60RM 0.40n/a3
Nov ’25RM 0.40
RM 0.52
+31.6%
16.6%RM 0.60RM 0.40n/a3
Oct ’25RM 0.47
RM 0.52
+10.6%
16.6%RM 0.60RM 0.40n/a3
Sep ’25RM 0.40
RM 0.54
+35.9%
18.0%RM 0.61RM 0.40n/a3
Aug ’25RM 0.49
RM 0.57
+15.8%
19.8%RM 0.69RM 0.42n/a3
Jul ’25RM 0.46
RM 0.56
+22.5%
22.5%RM 0.69RM 0.39n/a3
Jun ’25RM 0.46
RM 0.56
+22.5%
22.5%RM 0.69RM 0.39n/a3
May ’25RM 0.48
RM 0.49
+3.1%
35.2%RM 0.71RM 0.27n/a4
Apr ’25RM 0.50
RM 0.49
-1.0%
35.2%RM 0.71RM 0.27n/a4
Mar ’25RM 0.34
RM 0.32
-8.2%
16.6%RM 0.39RM 0.27n/a3
Feb ’25RM 0.34
RM 0.17
-50.0%
41.6%RM 0.27RM 0.12n/a3
Jan ’25RM 0.30
RM 0.17
-44.3%
41.6%RM 0.27RM 0.12n/a3
Nov ’24RM 0.29
RM 0.13
-55.2%
7.7%RM 0.14RM 0.12RM 0.402
Oct ’24RM 0.28
RM 0.13
-56.1%
12.0%RM 0.14RM 0.11RM 0.472
Sep ’24RM 0.31
RM 0.14
-54.8%
17.5%RM 0.17RM 0.11RM 0.403
Aug ’24RM 0.23
RM 0.14
-35.6%
15.8%RM 0.17RM 0.11RM 0.494
Jul ’24RM 0.18
RM 0.14
-21.6%
15.8%RM 0.17RM 0.11RM 0.464
Jun ’24RM 0.20
RM 0.14
-25.6%
15.8%RM 0.17RM 0.11RM 0.464
May ’24RM 0.20
RM 0.16
-21.3%
15.8%RM 0.19RM 0.12RM 0.484
Apr ’24RM 0.20
RM 0.16
-23.2%
15.8%RM 0.19RM 0.12RM 0.504
Mar ’24RM 0.18
RM 0.16
-14.9%
15.8%RM 0.19RM 0.12RM 0.344
Feb ’24RM 0.22
RM 0.15
-29.5%
16.1%RM 0.19RM 0.12RM 0.344
Jan ’24RM 0.17
RM 0.15
-8.8%
16.1%RM 0.19RM 0.12RM 0.304
Dec ’23RM 0.17
RM 0.15
-8.8%
16.1%RM 0.19RM 0.12RM 0.284
Nov ’23RM 0.14
RM 0.15
+10.7%
16.1%RM 0.19RM 0.12RM 0.294

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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