Matrix Concepts Holdings Berhad

KLSE:MATRIX Stock Report

Market Cap: RM2.3b

Matrix Concepts Holdings Berhad Valuation

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

Below Fair Value: MATRIX (MYR1.8) is trading above our estimate of fair value (MYR1.26)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MATRIX 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/Revenue1.6x
Enterprise Value/EBITDA6.9x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MATRIX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
OSK OSK Holdings Berhad
6.5x4.2%RM3.0b
IDEAL Ideal Capital Berhad
26xn/aRM1.7b
MAHSING Mah Sing Group Berhad
14x8.7%RM3.0b
LAGENDA Lagenda Properties Berhad
8.4x19.6%RM1.3b
MATRIX Matrix Concepts Holdings Berhad
9.3x6.7%RM2.3b

Price-To-Earnings vs Peers: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the MY Real Estate industry average (15.4x).


Price to Earnings Ratio vs Fair Ratio

What is MATRIX'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.

MATRIX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: MATRIX is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).


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 MATRIX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM1.80
RM1.89
+4.9%
3.9%RM2.02RM1.80n/a6
Mar ’25RM1.75
RM1.89
+7.9%
3.9%RM2.02RM1.80n/a6
Feb ’25RM1.76
RM1.87
+6.0%
2.5%RM1.92RM1.80n/a6
Jan ’25RM1.65
RM1.86
+12.5%
2.2%RM1.92RM1.80n/a6
Dec ’24RM1.62
RM1.87
+15.2%
2.1%RM1.92RM1.80n/a5
Nov ’24RM1.54
RM1.87
+21.2%
2.1%RM1.92RM1.80n/a5
Oct ’24RM1.49
RM1.86
+24.6%
2.4%RM1.92RM1.80n/a5
Sep ’24RM1.52
RM1.87
+22.9%
2.3%RM1.92RM1.80n/a4
Aug ’24RM1.40
RM1.82
+30.2%
3.4%RM1.92RM1.75n/a4
Jul ’24RM1.41
RM1.82
+29.3%
3.4%RM1.92RM1.75n/a4
Jun ’24RM1.48
RM1.82
+23.1%
3.4%RM1.92RM1.75n/a4
May ’24RM1.43
RM1.82
+27.4%
3.4%RM1.92RM1.75n/a4
Apr ’24RM1.45
RM1.82
+25.7%
3.4%RM1.92RM1.75n/a4
Mar ’24RM1.50
RM1.82
+21.5%
3.4%RM1.92RM1.75RM1.754
Feb ’24RM1.56
RM1.83
+17.3%
3.8%RM1.92RM1.75RM1.763
Jan ’24RM1.47
RM1.83
+24.5%
3.8%RM1.92RM1.75RM1.653
Dec ’23RM1.53
RM1.83
+19.6%
3.8%RM1.92RM1.75RM1.623
Nov ’23RM1.42
RM1.81
+27.4%
3.5%RM1.88RM1.73RM1.543
Oct ’23RM1.44
RM1.79
+24.5%
2.6%RM1.83RM1.73RM1.493
Sep ’23RM1.57
RM1.79
+14.0%
2.6%RM1.83RM1.73RM1.523
Aug ’23RM1.52
RM1.76
+15.5%
2.6%RM1.80RM1.69RM1.403
Jul ’23RM1.52
RM1.76
+15.5%
2.6%RM1.80RM1.69RM1.413
Jun ’23RM1.67
RM1.70
+2.0%
6.1%RM1.80RM1.53RM1.484
May ’23RM1.53
RM1.70
+10.9%
6.1%RM1.80RM1.53RM1.434
Apr ’23RM1.55
RM1.70
+9.4%
6.1%RM1.80RM1.53RM1.454
Mar ’23RM1.58
RM1.67
+5.5%
5.2%RM1.77RM1.53RM1.504

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


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