Varia Berhad Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

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

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

Key Valuation Metric

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

Key metric: As VARIA is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VARIA. This is calculated by dividing VARIA's market cap by their current revenue.
What is VARIA's PS Ratio?
PS Ratio	1.7x
Sales	RM 212.59m
Market Cap	RM 367.63m

VARIA 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	2.1x
Enterprise Value/EBITDA	30.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VARIA 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	2.2x
CHB Critical Holdings Berhad	1.4x	n/a	RM 362.4m
MNHLDG MN Holdings Berhad	1.8x	16.7%	RM 465.5m
SAMAIDEN Samaiden Group Berhad	2.1x	25.3%	RM 481.4m
UUE UUE Holdings Berhad	3.6x	12.7%	RM 456.2m
VARIA Varia Berhad	1.7x	n/a	RM 367.6m

Price-To-Sales vs Peers: VARIA is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does VARIA'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	3.2%	US$115.41m
PRTASCO Protasco Berhad	0.09x	n/a	US$24.26m
TJSETIA Tuju Setia Berhad	0.1x	n/a	US$15.60m
VIZIONE Vizione Holdings Berhad	0.2x	n/a	US$10.53m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: VARIA is expensive based on its Price-To-Sales Ratio (1.7x) compared to the MY Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is VARIA'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.

VARIA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.7x
Fair PS Ratio	n/a

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

Discover undervalued companies

Southern Cable Group Berhad

RM 854.0m

Manufactures and sells cables and wires in Malaysia and internationally.

SCGBHD

RM 0.97

2.1%

165.8%

Kimlun Corporation Berhad

RM 477.0m

An investment holding company, provides engineering and construction services in Malaysia and Singapore.

KIMLUN

RM 1.35

72.0%

Ekovest Berhad

RM 1.0b

An investment holding company, engages in civil engineering and building works in Malaysia, the United States, Japan, and the People’s Republic of China.

EKOVEST

RM 0.35

-2.8%

-24.7%