Golden Land Berhad Valuation

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

GLBHD (MYR0.25) is trading below our estimate of [[fair value]] (MYR1.18)

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

Below Fair Value: GLBHD (MYR0.25) is trading below our estimate of fair value (MYR1.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GLBHD. This is calculated by dividing GLBHD's market cap by their current revenue.
What is GLBHD's PS Ratio?
PS Ratio	0.3x
Sales	RM 165.35m
Market Cap	RM 57.92m

GLBHD 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	1.1x
Enterprise Value/EBITDA	19.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GLBHD 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	1.5x
LBICAP LBI Capital Berhad	1.4x	n/a	RM 55.5m
ENCORP Encorp Berhad	0.6x	n/a	RM 64.8m
THRIVEN Thriven Global Berhad	2x	n/a	RM 71.1m
PARKWD Parkwood Holdings Berhad	2.2x	n/a	RM 31.6m
GLBHD Golden Land Berhad	0.3x	n/a	RM 57.9m

Price-To-Sales vs Peers: GLBHD is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does GLBHD's PS Ratio compare vs other companies in the MY Real Estate Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
IVORY Ivory Properties Group Berhad	0.3x	n/a	US$4.41m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GLBHD is good value based on its Price-To-Sales Ratio (0.3x) compared to the MY Real Estate industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is GLBHD'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.

GLBHD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GLBHD's Price-To-Sales 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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