WCT Holdings Berhad

KLSE:WCT Stock Report

Market Cap: RM 1.4b

WCT Holdings Berhad Valuation

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

Below Fair Value: WCT (MYR0.91) is trading below our estimate of fair value (MYR2.21)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for WCT. This is calculated by dividing WCT's market cap by their current revenue.
What is WCT's PS Ratio?
PS Ratio0.8x
SalesRM 1.74b
Market CapRM 1.42b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WCT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
SSB8 Southern Score Builders Berhad
7.2xn/aRM 1.2b
EKOVEST Ekovest Berhad
0.9x1.6%RM 1.1b
AME AME Elite Consortium Berhad
1.6x7.4%RM 1.0b
KAB Kinergy Advancement Berhad
3.3xn/aRM 645.6m
WCT WCT Holdings Berhad
0.8x9.0%RM 1.4b

Price-To-Sales vs Peers: WCT is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

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

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
EDGENTA UEM Edgenta Berhad
0.2x3.2%US$116.06m
PRTASCO Protasco Berhad
0.1xn/aUS$25.28m
TJSETIA Tuju Setia Berhad
0.1xn/aUS$15.92m
VIZIONE Vizione Holdings Berhad
0.2xn/aUS$10.05m
WCT 0.8xIndustry Avg. 1.1xNo. of Companies12PS00.81.62.43.24+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WCT is good value based on its Price-To-Sales Ratio (0.8x) compared to the MY Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is WCT'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.

WCT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: WCT is expensive based on its Price-To-Sales Ratio (0.8x) 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 WCT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.91
RM 1.32
+46.2%
16.2%RM 1.54RM 0.97n/a7
Nov ’25RM 0.90
RM 1.32
+47.0%
16.2%RM 1.54RM 0.97n/a7
Oct ’25RM 0.95
RM 1.23
+28.3%
26.8%RM 1.54RM 0.54n/a8
Sep ’25RM 1.06
RM 1.19
+12.3%
26.6%RM 1.54RM 0.54n/a8
Aug ’25RM 1.27
RM 1.17
-7.6%
29.1%RM 1.52RM 0.54n/a7
Jul ’25RM 0.86
RM 0.73
-15.6%
26.8%RM 1.00RM 0.49n/a8
Jun ’25RM 0.58
RM 0.59
+0.4%
11.9%RM 0.68RM 0.49n/a8
May ’25RM 0.53
RM 0.55
+4.8%
15.0%RM 0.68RM 0.42n/a8
Apr ’25RM 0.54
RM 0.55
+1.9%
15.0%RM 0.68RM 0.42n/a8
Mar ’25RM 0.48
RM 0.52
+8.6%
14.7%RM 0.66RM 0.42n/a7
Feb ’25RM 0.55
RM 0.56
+3.3%
16.5%RM 0.71RM 0.44n/a8
Jan ’25RM 0.49
RM 0.56
+13.8%
16.5%RM 0.71RM 0.44n/a8
Dec ’24RM 0.47
RM 0.55
+15.9%
17.2%RM 0.71RM 0.44n/a9
Nov ’24RM 0.52
RM 0.58
+12.4%
17.3%RM 0.74RM 0.45RM 0.909
Oct ’24RM 0.56
RM 0.58
+3.4%
17.3%RM 0.74RM 0.45RM 0.959
Sep ’24RM 0.55
RM 0.57
+3.6%
15.0%RM 0.71RM 0.45RM 1.069
Aug ’24RM 0.45
RM 0.54
+21.3%
15.2%RM 0.71RM 0.42RM 1.279
Jul ’24RM 0.41
RM 0.54
+31.7%
15.2%RM 0.71RM 0.42RM 0.869
Jun ’24RM 0.41
RM 0.54
+31.7%
15.2%RM 0.71RM 0.42RM 0.589
May ’24RM 0.44
RM 0.54
+22.2%
9.6%RM 0.60RM 0.45RM 0.539
Apr ’24RM 0.42
RM 0.53
+25.5%
10.2%RM 0.60RM 0.45RM 0.549
Mar ’24RM 0.42
RM 0.53
+25.0%
10.4%RM 0.60RM 0.45RM 0.489
Feb ’24RM 0.43
RM 0.51
+17.8%
11.1%RM 0.59RM 0.42RM 0.559
Jan ’24RM 0.40
RM 0.52
+29.4%
10.3%RM 0.59RM 0.42RM 0.499
Dec ’23RM 0.43
RM 0.52
+19.0%
10.3%RM 0.59RM 0.42RM 0.479
Nov ’23RM 0.35
RM 0.52
+48.3%
9.8%RM 0.59RM 0.43RM 0.529

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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