Bright Packaging Industry Berhad

KLSE:BRIGHT Stock Report

Market Cap: RM 39.0m

Bright Packaging Industry Berhad Valuation

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

Below Fair Value: BRIGHT (MYR0.19) is trading below our estimate of fair value (MYR0.42)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BRIGHT. This is calculated by dividing BRIGHT's market cap by their current earnings.
What is BRIGHT's PE Ratio?
PE Ratio16.8x
EarningsRM 2.33m
Market CapRM 39.01m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BRIGHT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
GESHEN GE-Shen Corporation Berhad
28.4xn/aRM 488.0m
MEGAFB Mega Fortris Berhad
24.3x36.5%RM 511.2m
SCIPACK Scientex Packaging (Ayer Keroh) Berhad
20.3xn/aRM 662.7m
KYM KYM Holdings Bhd
13.3xn/aRM 52.6m
BRIGHT Bright Packaging Industry Berhad
16.8xn/aRM 39.0m

Price-To-Earnings vs Peers: BRIGHT is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (21.6x).


Price to Earnings Ratio vs Industry

How does BRIGHT's PE Ratio compare vs other companies in the Asian Packaging Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BRIGHT 16.8xIndustry Avg. 18.2xNo. of Companies37PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BRIGHT is good value based on its Price-To-Earnings Ratio (16.8x) compared to the Asian Packaging industry average (18.2x).


Price to Earnings Ratio vs Fair Ratio

What is BRIGHT'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.

BRIGHT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BRIGHT's Price-To-Earnings 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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