Lien Hoe Corporation Berhad Valuation

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

LIENHOE (MYR0.24) is trading below our estimate of [[fair value]] (MYR0.45)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: LIENHOE (MYR0.24) is trading below our estimate of fair value (MYR0.45)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for LIENHOE. This is calculated by dividing LIENHOE's market cap by their current revenue.
What is LIENHOE's PS Ratio?
PS Ratio	2.7x
Sales	RM 28.84m
Market Cap	RM 78.12m

LIENHOE 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	3.7x
Enterprise Value/EBITDA	-25.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LIENHOE 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	2.4x
LANDMRK Landmarks Berhad	4x	n/a	RM 104.1m
ECM ECM Libra Group Berhad	2.1x	n/a	RM 86.7m
GCE Grand Central Enterprises Bhd	2.9x	n/a	RM 90.6m
AVI Avillion Berhad	0.7x	n/a	RM 45.3m
LIENHOE Lien Hoe Corporation Berhad	2.7x	n/a	RM 78.1m

Price-To-Sales vs Peers: LIENHOE is expensive based on its Price-To-Sales Ratio (2.7x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does LIENHOE'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$346.53m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: LIENHOE is expensive based on its Price-To-Sales Ratio (2.7x) compared to the MY Hospitality industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is LIENHOE'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.

LIENHOE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.7x
Fair PS Ratio	n/a

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