Astro Malaysia Holdings Berhad

KLSE:ASTRO Stock Report

Market Cap: RM1.6b

Astro Malaysia Holdings Berhad Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (MYR0.3) is trading below our estimate of fair value (MYR1.37)

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?

Other financial metrics that can be useful for relative valuation.

ASTRO 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/Revenue1.3x
Enterprise Value/EBITDA4.4x
PEG Ratio1x

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 Average27.3x
MEDIA Media Prima Berhad
11.6x-1.5%RM499.1m
STAR Star Media Group Berhad
39.2x12.2%RM293.5m
GMA7 GMA Network
12.5xn/a₱24.0b
BEC BEC World
45.7x25.9%฿9.6b
ASTRO Astro Malaysia Holdings Berhad
37x37.7%RM1.6b

Price-To-Earnings vs Peers: ASTRO is expensive based on its Price-To-Earnings Ratio (37x) compared to the peer average (27.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ASTRO is expensive based on its Price-To-Earnings Ratio (37x) compared to the Asian Media industry average (18.9x).


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 Ratio37x
Fair PE Ratio35.3x

Price-To-Earnings vs Fair Ratio: ASTRO is expensive based on its Price-To-Earnings Ratio (37x) compared to the estimated Fair Price-To-Earnings Ratio (35.3x).


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
CurrentRM0.30
RM0.33
+8.7%
20.5%RM0.49RM0.25n/a10
Apr ’25RM0.30
RM0.31
+0.9%
13.2%RM0.38RM0.25n/a9
Mar ’25RM0.36
RM0.35
-2.2%
15.3%RM0.47RM0.30n/a10
Feb ’25RM0.36
RM0.35
-2.2%
15.3%RM0.47RM0.30n/a10
Jan ’25RM0.40
RM0.38
-4.7%
24.6%RM0.62RM0.30n/a11
Dec ’24RM0.38
RM0.52
+39.4%
23.5%RM0.86RM0.38n/a12
Nov ’24RM0.41
RM0.52
+26.0%
23.5%RM0.86RM0.38n/a12
Oct ’24RM0.46
RM0.52
+13.5%
23.6%RM0.86RM0.38n/a12
Sep ’24RM0.51
RM0.65
+27.1%
16.0%RM0.86RM0.50n/a12
Aug ’24RM0.52
RM0.65
+24.7%
16.0%RM0.86RM0.50n/a12
Jul ’24RM0.60
RM0.65
+8.3%
15.9%RM0.86RM0.50n/a12
Jun ’24RM0.67
RM0.72
+6.8%
13.7%RM0.89RM0.59n/a12
May ’24RM0.69
RM0.72
+3.0%
13.7%RM0.89RM0.59RM0.3012
Apr ’24RM0.69
RM0.72
+3.0%
13.7%RM0.89RM0.59RM0.3012
Mar ’24RM0.61
RM0.84
+37.4%
19.1%RM1.15RM0.60RM0.3612
Feb ’24RM0.61
RM0.84
+36.3%
19.1%RM1.15RM0.60RM0.3612
Jan ’24RM0.65
RM0.84
+29.0%
19.1%RM1.15RM0.60RM0.4012
Dec ’23RM0.72
RM0.94
+30.2%
13.0%RM1.16RM0.77RM0.3813
Nov ’23RM0.67
RM0.94
+40.0%
13.0%RM1.16RM0.77RM0.4113
Oct ’23RM0.77
RM0.95
+23.9%
15.1%RM1.28RM0.77RM0.4613
Sep ’23RM0.84
RM1.14
+34.5%
11.6%RM1.35RM0.90RM0.5113
Aug ’23RM0.90
RM1.14
+27.0%
11.6%RM1.35RM0.90RM0.5213
Jul ’23RM0.91
RM1.16
+27.0%
12.7%RM1.37RM0.90RM0.6013
Jun ’23RM0.97
RM1.23
+26.5%
11.9%RM1.43RM0.90RM0.6713
May ’23RM1.00
RM1.25
+24.6%
11.8%RM1.43RM0.90RM0.6914

Analyst Forecast: Target price is less than 20% higher than the current share price.


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