Fast Energy Holdings Berhad Valuation

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

FAST (MYR0.06) is trading below our estimate of [[fair value]] (MYR2.23)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: FAST (MYR0.06) is trading below our estimate of fair value (MYR2.23)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FAST. This is calculated by dividing FAST's market cap by their current revenue.
What is FAST's PS Ratio?
PS Ratio	0.06x
Sales	RM 414.05m
Market Cap	RM 25.83m

FAST 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	0.04x
Enterprise Value/EBITDA	-234.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FAST 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	0.8x
SEB Seremban Engineering Berhad	0.2x	n/a	RM 47.0m
SANICHI Sanichi Technology Berhad	1.6x	n/a	RM 24.6m
APB APB Resources Berhad	0.5x	n/a	RM 37.8m
CNASIA CN Asia Corporation Bhd	1x	n/a	RM 19.2m
FAST Fast Energy Holdings Berhad	0.06x	n/a	RM 25.8m

Price-To-Sales vs Peers: FAST is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does FAST's PS Ratio compare vs other companies in the MY Machinery Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.5x	14.1%
FAST Fast Energy Holdings Berhad	0.06x	n/a	US$5.79m
FITTERS FITTERS Diversified Berhad	0.3x	n/a	US$20.98m
SEB Seremban Engineering Berhad	0.2x	n/a	US$10.53m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap
Industry Avg.	1.5x	23.6%
FAST Fast Energy Holdings Berhad	0.06x	n/a	US$5.79m

No more companies

Price-To-Sales vs Industry: FAST is good value based on its Price-To-Sales Ratio (0.1x) compared to the MY Machinery industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is FAST'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.

FAST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	n/a

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