Wellcall Holdings Berhad

KLSE:WELLCAL Stock Report

Market Cap: RM 781.8m

Wellcall Holdings Berhad Valuation

Is WELLCAL 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: WELLCAL (MYR1.57) is trading below our estimate of fair value (MYR2.65)

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

Key Valuation Metric

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

Key metric: As WELLCAL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WELLCAL. This is calculated by dividing WELLCAL's market cap by their current earnings.
What is WELLCAL's PE Ratio?
PE Ratio14x
EarningsRM 55.72m
Market CapRM 781.78m

Price to Earnings Ratio vs Peers

How does WELLCAL's PE Ratio compare to its peers?

The above table shows the PE ratio for WELLCAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
CBIP CB Industrial Product Holding Berhad
8.5xn/aRM 626.5m
BMGREEN BM GreenTech Berhad
33.6x4.9%RM 1.3b
KOBAY Kobay Technology Bhd
28.4xn/aRM 403.4m
CPETECH CPE Technology Berhad
55.6xn/aRM 600.8m
WELLCAL Wellcall Holdings Berhad
14x2.8%RM 781.8m

Price-To-Earnings vs Peers: WELLCAL is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (31.5x).

Price to Earnings Ratio vs Industry

How does WELLCAL's PE Ratio compare vs other companies in the MY Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MBL Muar Ban Lee Group Berhad
2.8xn/aUS$21.41m
JASKITA Jasa Kita Berhad
1.8xn/aUS$15.60m
No more companies available in this PE range
WELLCAL 14.0xIndustry Avg. 21.0xNo. of Companies4PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WELLCAL is good value based on its Price-To-Earnings Ratio (14x) compared to the MY Machinery industry average (21x).

Price to Earnings Ratio vs Fair Ratio

What is WELLCAL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WELLCAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: WELLCAL is expensive based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

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 WELLCAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.57
RM 1.87
+19.3%
2.0%RM 1.90RM 1.82n/a3
Nov ’25RM 1.54
RM 1.87
+21.6%
2.0%RM 1.90RM 1.82n/a3
Oct ’25RM 1.49
RM 1.87
+25.7%
2.0%RM 1.90RM 1.82n/a3
Sep ’25RM 1.47
RM 1.87
+27.4%
2.0%RM 1.90RM 1.82n/a3
Aug ’25RM 1.58
RM 1.92
+21.5%
4.7%RM 2.04RM 1.82n/a3
Jul ’25RM 1.63
RM 1.92
+17.8%
4.7%RM 2.04RM 1.82n/a3
Jun ’25RM 1.66
RM 1.92
+15.7%
4.7%RM 2.04RM 1.82n/a3
May ’25RM 1.56
RM 1.92
+23.1%
4.7%RM 2.04RM 1.82n/a3
Apr ’25RM 1.66
RM 1.92
+15.7%
4.7%RM 2.04RM 1.82n/a3
Mar ’25RM 1.73
RM 1.92
+11.0%
4.7%RM 2.04RM 1.82n/a3
Feb ’25RM 1.73
RM 1.88
+8.7%
2.3%RM 1.92RM 1.82n/a3
Jan ’25RM 1.67
RM 1.88
+12.6%
2.3%RM 1.92RM 1.82n/a3
Dec ’24RM 1.65
RM 1.88
+13.9%
2.3%RM 1.92RM 1.82n/a3
Nov ’24RM 1.56
RM 1.64
+4.9%
4.1%RM 1.73RM 1.58RM 1.543
Oct ’24RM 1.49
RM 1.64
+9.8%
4.1%RM 1.73RM 1.58RM 1.493
Sep ’24RM 1.40
RM 1.58
+12.9%
7.8%RM 1.73RM 1.43RM 1.473
Aug ’24RM 1.19
RM 1.39
+16.5%
4.5%RM 1.47RM 1.32RM 1.583
Jul ’24RM 1.17
RM 1.39
+18.5%
4.5%RM 1.47RM 1.32RM 1.633
Jun ’24RM 1.17
RM 1.39
+18.5%
4.5%RM 1.47RM 1.32RM 1.663
May ’24RM 1.16
RM 1.36
+17.2%
6.0%RM 1.46RM 1.25RM 1.564
Apr ’24RM 1.13
RM 1.36
+20.4%
6.0%RM 1.46RM 1.25RM 1.664
Mar ’24RM 1.17
RM 1.36
+16.2%
6.0%RM 1.46RM 1.25RM 1.734
Feb ’24RM 1.16
RM 1.41
+21.1%
6.8%RM 1.50RM 1.25RM 1.734
Jan ’24RM 1.13
RM 1.41
+24.3%
6.8%RM 1.50RM 1.25RM 1.674
Dec ’23RM 1.20
RM 1.41
+17.1%
6.8%RM 1.50RM 1.25RM 1.654
Nov ’23RM 1.13
RM 1.46
+28.9%
2.5%RM 1.50RM 1.41RM 1.563

Analyst Forecast: Target price is less than 20% higher than the current share price.

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