Ancom Nylex Berhad Valuation

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

ANCOMNY (MYR0.99) is trading below our estimate of [[fair value]] (MYR1.02)

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

Below Fair Value: ANCOMNY (MYR0.99) is trading below our estimate of fair value (MYR1.02)

Significantly Below Fair Value: ANCOMNY is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As ANCOMNY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ANCOMNY. This is calculated by dividing ANCOMNY's market cap by their current earnings.
What is ANCOMNY's PE Ratio?
PE Ratio	15.3x
Earnings	RM 73.88m
Market Cap	RM 1.13b

ANCOMNY 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	0.7x
Enterprise Value/EBITDA	9.8x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ANCOMNY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.3x
HEXZA Hexza Corporation Berhad	26.5x	n/a	RM 191.4m
SENFONG Seng Fong Holdings Berhad	11.4x	10.2%	RM 718.0m
BAHVEST Bahvest Resources Berhad	45.1x	n/a	RM 1.5b
JTIASA Jaya Tiasa Holdings Berhad	10x	11.7%	RM 1.3b
ANCOMNY Ancom Nylex Berhad	15.3x	17.7%	RM 1.1b

Price-To-Earnings vs Peers: ANCOMNY is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does ANCOMNY's PE Ratio compare vs other companies in the MY Chemicals Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ANCOMNY is good value based on its Price-To-Earnings Ratio (15.3x) compared to the MY Chemicals industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is ANCOMNY'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.

ANCOMNY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	15.2x

Price-To-Earnings vs Fair Ratio: ANCOMNY is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

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 ANCOMNY forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	RM 0.99	RM 1.34 +35.4%	10.7%	RM 1.50	RM 1.16	n/a	4
Dec ’25	RM 1.02	RM 1.34 +31.4%	10.7%	RM 1.50	RM 1.16	n/a	4
Nov ’25	RM 1.04	RM 1.34 +28.8%	10.7%	RM 1.50	RM 1.16	n/a	4
Oct ’25	RM 1.02	RM 1.39 +36.0%	7.0%	RM 1.50	RM 1.26	n/a	4
Sep ’25	RM 0.99	RM 1.47 +48.2%	1.6%	RM 1.50	RM 1.44	n/a	4
Aug ’25	RM 1.06	RM 1.47 +38.4%	1.6%	RM 1.50	RM 1.44	n/a	4
Jul ’25	RM 1.10	RM 1.43 +29.5%	6.0%	RM 1.50	RM 1.28	n/a	4
Jun ’25	RM 1.03	RM 1.42 +37.5%	6.9%	RM 1.50	RM 1.28	n/a	3
May ’25	RM 1.03	RM 1.42 +37.5%	6.9%	RM 1.50	RM 1.28	n/a	3
Apr ’25	RM 1.01	RM 1.53 +51.5%	5.8%	RM 1.65	RM 1.44	n/a	3
Mar ’25	RM 1.06	RM 1.53 +44.3%	5.8%	RM 1.65	RM 1.44	n/a	3
Feb ’25	RM 1.09	RM 1.53 +40.4%	5.8%	RM 1.65	RM 1.44	n/a	3
Jan ’25	RM 1.13	RM 1.53 +35.4%	5.8%	RM 1.65	RM 1.44	n/a	3
Dec ’24	RM 1.15	RM 1.53 +33.0%	5.8%	RM 1.65	RM 1.44	RM 1.02	3
Nov ’24	RM 1.18	RM 1.53 +29.7%	5.8%	RM 1.65	RM 1.44	RM 1.04	3
Oct ’24	RM 1.23	RM 1.59 +29.0%	9.8%	RM 1.80	RM 1.43	RM 1.02	3
Sep ’24	RM 1.06	RM 1.59 +49.7%	9.8%	RM 1.80	RM 1.43	RM 0.99	3
Aug ’24	RM 1.02	RM 1.59 +55.6%	9.8%	RM 1.80	RM 1.43	RM 1.06	3
Jul ’24	RM 0.95	RM 1.54 +61.8%	15.9%	RM 1.80	RM 1.19	RM 1.10	4
Jun ’24	RM 0.97	RM 1.54 +58.5%	15.9%	RM 1.80	RM 1.19	RM 1.03	4
May ’24	RM 1.06	RM 1.54 +45.0%	15.9%	RM 1.80	RM 1.19	RM 1.03	4
Apr ’24	RM 1.08	RM 1.54 +42.4%	15.9%	RM 1.80	RM 1.19	RM 1.01	4
Mar ’24	RM 1.16	RM 1.54 +32.5%	15.9%	RM 1.80	RM 1.19	RM 1.06	4
Feb ’24	RM 1.20	RM 1.46 +21.3%	16.1%	RM 1.80	RM 1.19	RM 1.09	4
Jan ’24	RM 1.03	RM 1.34 +30.1%	10.6%	RM 1.53	RM 1.19	RM 1.13	3
Dec ’23	RM 0.96	RM 1.42 +46.6%	8.1%	RM 1.53	RM 1.30	RM 1.15	2

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