Coraza Integrated Technology Berhad

KLSE:CORAZA Stock Report

Market Cap: RM 199.9m

Coraza Integrated Technology Berhad Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: CORAZA (MYR0.41) is trading above our estimate of fair value (MYR0.08)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CORAZA. This is calculated by dividing CORAZA's market cap by their current revenue.
What is CORAZA's PS Ratio?
PS Ratio2.7x
SalesRM 72.95m
Market CapRM 199.92m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CORAZA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
PERSTIM Perusahaan Sadur Timah Malaysia (Perstima) Berhad
0.3xn/aRM 277.6m
AIZO AIZO Group Berhad
2xn/aRM 262.7m
COSMOS Cosmos Technology International Berhad
2.6xn/aRM 94.9m
WENTEL Wentel Engineering Holdings Berhad
3.3xn/aRM 327.8m
CORAZA Coraza Integrated Technology Berhad
2.7x23.7%RM 199.9m

Price-To-Sales vs Peers: CORAZA is expensive based on its Price-To-Sales Ratio (2.7x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does CORAZA's PS Ratio compare vs other companies in the MY Metals and Mining Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
MASTEEL Malaysia Steel Works (KL) Bhd
0.09xn/aUS$47.11m
LIONIND Lion Industries Corporation Berhad
0.09xn/aUS$35.01m
ARANK A-Rank Berhad
0.1xn/aUS$21.18m
MELEWAR Melewar Industrial Group Berhad
0.1xn/aUS$18.49m
No more companies available in this PS range
CORAZA 2.7xIndustry Avg. 0.5xNo. of Companies11PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CORAZA is expensive based on its Price-To-Sales Ratio (2.7x) compared to the MY Metals and Mining industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is CORAZA'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.

CORAZA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.7x
Fair PS Ratio1.2x

Price-To-Sales vs Fair Ratio: CORAZA is expensive based on its Price-To-Sales Ratio (2.7x) compared to the estimated Fair Price-To-Sales Ratio (1.2x).

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 CORAZA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.41
RM 0.58
+42.4%
6.4%RM 0.62RM 0.53n/a3
Nov ’25RM 0.38
RM 0.58
+51.8%
6.4%RM 0.62RM 0.53n/a3
Oct ’25RM 0.40
RM 0.58
+44.2%
6.4%RM 0.62RM 0.53n/a3
Sep ’25RM 0.41
RM 0.58
+39.0%
6.4%RM 0.62RM 0.53n/a3
Aug ’25RM 0.46
RM 0.68
+47.8%
1.2%RM 0.69RM 0.67n/a3
Jul ’25RM 0.56
RM 0.68
+22.5%
1.2%RM 0.69RM 0.67n/a3
Jun ’25RM 0.56
RM 0.68
+23.1%
0.7%RM 0.69RM 0.68n/a3
May ’25RM 0.54
RM 0.64
+17.9%
4.5%RM 0.67RM 0.60n/a3
Apr ’25RM 0.53
RM 0.64
+21.3%
4.5%RM 0.67RM 0.60n/a3
Mar ’25RM 0.42
RM 0.64
+49.8%
4.5%RM 0.67RM 0.60n/a3
Feb ’25RM 0.41
RM 0.55
+35.8%
9.1%RM 0.60RM 0.50n/a2
Jan ’25RM 0.43
RM 0.72
+64.8%
33.4%RM 1.05RM 0.50n/a3
Dec ’24RM 0.48
RM 0.72
+47.8%
33.4%RM 1.05RM 0.50n/a3
Nov ’24RM 0.55
RM 0.86
+58.7%
17.5%RM 1.05RM 0.68RM 0.383
Oct ’24RM 0.59
RM 0.86
+45.4%
17.5%RM 1.05RM 0.68RM 0.403
Sep ’24RM 0.67
RM 0.86
+30.1%
17.5%RM 1.05RM 0.68RM 0.413
Aug ’24RM 0.67
RM 0.90
+33.6%
13.0%RM 1.05RM 0.77RM 0.463
Jul ’24RM 0.75
RM 0.90
+19.3%
13.0%RM 1.05RM 0.77RM 0.563
Jun ’24RM 0.81
RM 0.90
+11.2%
13.0%RM 1.05RM 0.77RM 0.563
May ’24RM 0.84
RM 0.95
+13.5%
10.9%RM 1.10RM 0.87RM 0.543
Apr ’24RM 0.83
RM 0.95
+14.2%
10.9%RM 1.10RM 0.87RM 0.533
Mar ’24RM 0.98
RM 1.04
+6.3%
4.5%RM 1.10RM 0.98RM 0.423
Feb ’24RM 0.91
RM 1.00
+10.5%
7.8%RM 1.10RM 0.91RM 0.413
Jan ’24RM 0.77
RM 0.94
+22.7%
13.1%RM 1.10RM 0.76RM 0.434
Dec ’23RM 0.79
RM 0.94
+18.8%
13.1%RM 1.10RM 0.76RM 0.484
Nov ’23RM 0.67
RM 0.94
+40.9%
13.0%RM 1.10RM 0.76RM 0.554

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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