Evergreen Fibreboard Berhad Valuation

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

EVERGRN (MYR0.28) is trading above our estimate of [[fair value]] (MYR0.04)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: EVERGRN (MYR0.28) is trading above our estimate of fair value (MYR0.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EVERGRN. This is calculated by dividing EVERGRN's market cap by their current revenue.
What is EVERGRN's PS Ratio?
PS Ratio	0.2x
Sales	RM 955.32m
Market Cap	RM 232.28m

EVERGRN 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	0.3x
Enterprise Value/EBITDA	4.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EVERGRN 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	1.6x
HEXRTL Hextar Retail Berhad	5.3x	n/a	RM 246.6m
WTK W T K Holdings Berhad	0.4x	n/a	RM 233.9m
SUBUR Subur Tiasa Holdings Berhad	0.3x	n/a	RM 153.6m
HEVEA HeveaBoard Berhad	0.5x	9.8%	RM 158.4m
EVERGRN Evergreen Fibreboard Berhad	0.2x	4.1%	RM 232.3m

Price-To-Sales vs Peers: EVERGRN is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does EVERGRN's PS Ratio compare vs other companies in the MY Forestry Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
DOMINAN Dominant Enterprise Berhad	0.2x	n/a	US$30.65m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: EVERGRN is good value based on its Price-To-Sales Ratio (0.2x) compared to the MY Forestry industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is EVERGRN'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.

EVERGRN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.7x

Price-To-Sales vs Fair Ratio: EVERGRN is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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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