Federal International Holdings Berhad Valuation

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

Below Fair Value: FIHB (MYR0.3) is trading below our estimate of fair value (MYR3.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FIHB. This is calculated by dividing FIHB's market cap by their current revenue.
What is FIHB's PS Ratio?
PS Ratio	0.4x
Sales	RM 110.17m
Market Cap	RM 37.41m

FIHB 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	0.4x
Enterprise Value/EBITDA	6.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FIHB 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	1x
SWSCAP SWS Capital Berhad	0.5x	n/a	RM 62.0m
WEGMANS Wegmans Holdings Berhad	0.7x	n/a	RM 85.2m
SPRING Spring Art Holdings Berhad	1.4x	n/a	RM 85.2m
SHH SHH Resources Holdings Berhad	1.4x	n/a	RM 109.0m
FIHB Federal International Holdings Berhad	0.4x	n/a	RM 37.4m

Price-To-Sales vs Peers: FIHB is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does FIHB's PS Ratio compare vs other companies in the MY Consumer Durables Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
KHIND Khind Holdings Berhad	0.2x	n/a	US$22.41m
TCS TCS Group Holdings Berhad	0.2x	n/a	US$18.16m
CAMRES CAM Resources Berhad	0.2x	n/a	US$15.17m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FIHB is good value based on its Price-To-Sales Ratio (0.4x) compared to the MY Consumer Durables industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is FIHB'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.

FIHB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

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