Pan Malaysia Corporation Berhad Valuation

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

Below Fair Value: PMCORP (MYR0.14) is trading above our estimate of fair value (MYR0.09)

Significantly Below Fair Value: PMCORP is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PMCORP. This is calculated by dividing PMCORP's market cap by their current revenue.
What is PMCORP's PS Ratio?
PS Ratio	0.6x
Sales	RM 207.50m
Market Cap	RM 123.57m

PMCORP 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	0.8x
Enterprise Value/EBITDA	92.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PMCORP 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
TPC TPC Plus Berhad	0.2x	n/a	RM 106.3m
ASTRA Astramina Group Berhad	6.8x	n/a	RM 136.1m
OBHB OB Holdings Berhad	1.7x	14.0%	RM 86.2m
MAG MAG Holdings Berhad	1.1x	13.3%	RM 321.8m
PMCORP Pan Malaysia Corporation Berhad	0.6x	n/a	RM 123.6m

Price-To-Sales vs Peers: PMCORP is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does PMCORP's PS Ratio compare vs other companies in the MY Food Industry?

9 Companies	Price / Sales	Estimated Growth	Market Cap
FGV FGV Holdings Berhad	0.2x	1.1%	US$954.42m
LHI Leong Hup International Berhad	0.2x	2.0%	US$546.84m
MSM MSM Malaysia Holdings Berhad	0.2x	3.2%	US$190.20m
CAB CAB Cakaran Corporation Berhad	0.2x	4.8%	US$99.58m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PMCORP is good value based on its Price-To-Sales Ratio (0.6x) compared to the MY Food industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is PMCORP'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.

PMCORP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

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

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