Focus Dynamics Group Berhad Valuation

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

FOCUS (MYR0.02) is trading below our estimate of [[fair value]] (MYR0.04)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: FOCUS (MYR0.02) is trading below our estimate of fair value (MYR0.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FOCUS. This is calculated by dividing FOCUS's market cap by their current revenue.
What is FOCUS's PS Ratio?
PS Ratio	1.4x
Sales	RM 92.51m
Market Cap	RM 127.44m

FOCUS 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	-111.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FOCUS 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	1.1x
BORNOIL Borneo Oil Berhad	1.5x	n/a	RM 119.9m
OVERSEA Oversea Enterprise Berhad	1.4x	n/a	RM 102.1m
BJFOOD Berjaya Food Berhad	1.2x	7.6%	RM 691.0m
TECHNAX Techna-X Berhad	0.4x	n/a	RM 22.8m
FOCUS Focus Dynamics Group Berhad	1.4x	n/a	RM 127.4m

Price-To-Sales vs Peers: FOCUS is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does FOCUS's PS Ratio compare vs other companies in the MY Hospitality Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
BJLAND Berjaya Land Berhad	0.2x	n/a	US$346.57m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FOCUS is good value based on its Price-To-Sales Ratio (1.4x) compared to the MY Hospitality industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is FOCUS'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.

FOCUS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.4x
Fair PS Ratio	n/a

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