Nova Wellness Group Berhad

KLSE:NOVA Stock Report

Market Cap: RM168.9m

Nova Wellness Group Berhad Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: NOVA (MYR0.53) is trading below our estimate of fair value (MYR0.84)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NOVA 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/Revenue3.8x
Enterprise Value/EBITDA10.5x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NOVA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40x
SUNZEN Sunzen Biotech Berhad
35.7xn/aRM239.8m
KAREX Karex Berhad
45.5x59.9%RM848.0m
DXN DXN Holdings Bhd
10.1x12.8%RM3.1b
NTPM NTPM Holdings Berhad
68.8x80.5%RM432.4m
NOVA Nova Wellness Group Berhad
14x18.4%RM168.9m

Price-To-Earnings vs Peers: NOVA is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (40x).


Price to Earnings Ratio vs Industry

How does NOVA's PE Ratio compare vs other companies in the Asian Personal Products Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NOVA is good value based on its Price-To-Earnings Ratio (14x) compared to the Asian Personal Products industry average (25.1x).


Price to Earnings Ratio vs Fair Ratio

What is NOVA'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.

NOVA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: NOVA is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


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 NOVA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM0.53
RM0.66
+25.2%
10.6%RM0.74RM0.57n/a3
Apr ’25RM0.55
RM0.66
+21.7%
10.6%RM0.74RM0.57n/a3
Mar ’25RM0.55
RM0.66
+21.7%
10.6%RM0.74RM0.57n/a3
Feb ’25RM0.58
RM0.72
+23.6%
15.6%RM0.84RM0.57n/a3
Jan ’25RM0.62
RM0.72
+15.6%
15.6%RM0.84RM0.57n/a3
Dec ’24RM0.61
RM0.70
+15.6%
19.1%RM0.84RM0.57n/a2
Nov ’24RM0.73
RM0.84
+15.0%
13.6%RM0.96RM0.73n/a2
Oct ’24RM0.72
RM0.84
+17.4%
13.6%RM0.96RM0.73n/a2
Sep ’24RM0.72
RM0.84
+17.4%
13.6%RM0.96RM0.73n/a2
Aug ’24RM0.70
RM0.84
+20.7%
13.6%RM0.96RM0.73n/a2
Jul ’24RM0.69
RM0.84
+22.5%
13.6%RM0.96RM0.73n/a2
Jun ’24RM0.74
RM0.84
+14.2%
13.6%RM0.96RM0.73n/a2
May ’24RM0.87
RM0.99
+13.4%
10.8%RM1.11RM0.85RM0.533
Apr ’24RM0.86
RM0.99
+14.1%
10.8%RM1.11RM0.85RM0.553
Mar ’24RM0.90
RM0.95
+5.9%
15.8%RM1.11RM0.75RM0.553
Feb ’24RM0.93
RM1.03
+11.4%
9.6%RM1.11RM0.89RM0.583
Jan ’24RM0.91
RM1.03
+13.2%
9.6%RM1.11RM0.89RM0.623
Dec ’23RM0.91
RM1.03
+13.8%
9.6%RM1.11RM0.89RM0.613
Nov ’23RM0.89
RM1.03
+15.7%
9.6%RM1.11RM0.89RM0.733
Oct ’23RM0.91
RM0.99
+8.8%
10.1%RM1.09RM0.89RM0.722
Sep ’23RM0.89
RM0.99
+11.9%
10.1%RM1.09RM0.89RM0.722

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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