Astro Malaysia Holdings Berhad

KLSE:ASTRO Stock Report

Market Cap: RM 1.2b

Astro Malaysia Holdings Berhad Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ASTRO (MYR0.22) is trading below our estimate of fair value (MYR1.5)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASTRO. This is calculated by dividing ASTRO's market cap by their current earnings.
What is ASTRO's PE Ratio?
PE Ratio15.2x
EarningsRM 75.59m
Market CapRM 1.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASTRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
MEDIA Media Prima Berhad
8.7x-18.5%RM 526.9m
STAR Star Media Group Berhad
19.2x-22.9%RM 293.5m
MNCN PT. Media Nusantara Citra
3.8x13.3%Rp4.1t
BEC BEC World
34.5x25.0%฿7.8b
ASTRO Astro Malaysia Holdings Berhad
15.2x27.0%RM 1.1b

Price-To-Earnings vs Peers: ASTRO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does ASTRO's PE Ratio compare vs other companies in the Asian Media Industry?

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASTRO 15.2xIndustry Avg. 16.8xNo. of Companies55PE01632486480+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASTRO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the Asian Media industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is ASTRO'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.

ASTRO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: ASTRO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).

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 ASTRO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.22
RM 0.28
+27.8%
19.9%RM 0.41RM 0.22n/a8
Nov ’25RM 0.24
RM 0.28
+14.8%
19.9%RM 0.41RM 0.22n/a8
Oct ’25RM 0.28
RM 0.28
0%
18.9%RM 0.41RM 0.22n/a9
Sep ’25RM 0.24
RM 0.31
+27.5%
23.3%RM 0.49RM 0.23n/a10
Aug ’25RM 0.28
RM 0.31
+9.8%
21.3%RM 0.49RM 0.25n/a10
Jul ’25RM 0.32
RM 0.31
-2.2%
21.3%RM 0.49RM 0.25n/a10
Jun ’25RM 0.32
RM 0.33
+1.9%
20.5%RM 0.49RM 0.25n/a10
May ’25RM 0.30
RM 0.33
+6.9%
20.5%RM 0.49RM 0.25n/a10
Apr ’25RM 0.30
RM 0.31
+0.9%
13.2%RM 0.38RM 0.25n/a9
Mar ’25RM 0.36
RM 0.35
-2.2%
15.3%RM 0.47RM 0.30n/a10
Feb ’25RM 0.36
RM 0.35
-2.2%
15.3%RM 0.47RM 0.30n/a10
Jan ’25RM 0.40
RM 0.38
-4.7%
24.6%RM 0.62RM 0.30n/a11
Dec ’24RM 0.38
RM 0.52
+39.4%
23.5%RM 0.86RM 0.38n/a12
Nov ’24RM 0.41
RM 0.52
+26.0%
23.5%RM 0.86RM 0.38RM 0.2412
Oct ’24RM 0.46
RM 0.52
+13.5%
23.6%RM 0.86RM 0.38RM 0.2812
Sep ’24RM 0.51
RM 0.65
+27.1%
16.0%RM 0.86RM 0.50RM 0.2412
Aug ’24RM 0.52
RM 0.65
+24.7%
16.0%RM 0.86RM 0.50RM 0.2812
Jul ’24RM 0.60
RM 0.65
+8.3%
15.9%RM 0.86RM 0.50RM 0.3212
Jun ’24RM 0.67
RM 0.72
+6.8%
13.7%RM 0.89RM 0.59RM 0.3212
May ’24RM 0.69
RM 0.72
+3.0%
13.7%RM 0.89RM 0.59RM 0.3012
Apr ’24RM 0.69
RM 0.72
+3.0%
13.7%RM 0.89RM 0.59RM 0.3012
Mar ’24RM 0.61
RM 0.84
+37.4%
19.1%RM 1.15RM 0.60RM 0.3612
Feb ’24RM 0.61
RM 0.84
+36.3%
19.1%RM 1.15RM 0.60RM 0.3612
Jan ’24RM 0.65
RM 0.84
+29.0%
19.1%RM 1.15RM 0.60RM 0.4012
Dec ’23RM 0.72
RM 0.94
+30.2%
13.0%RM 1.16RM 0.77RM 0.3813
Nov ’23RM 0.67
RM 0.94
+40.0%
13.0%RM 1.16RM 0.77RM 0.4113

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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