Meridian Berhad Valuation

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

Below Fair Value: MERIDIAN (MYR0.05) is trading below our estimate of fair value (MYR0.19)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MERIDIAN. This is calculated by dividing MERIDIAN's market cap by their current revenue.
What is MERIDIAN's PS Ratio?
PS Ratio	4.2x
Sales	RM 2.68m
Market Cap	RM 11.30m

MERIDIAN 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	11.2x
Enterprise Value/EBITDA	-2.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MERIDIAN 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	2x
JIANKUN Jiankun International Berhad	1.9x	n/a	RM 23.2m
MUH Multi-Usage Holdings Berhad	2x	n/a	RM 22.6m
FARLIM Farlim Group (Malaysia) Bhd	3x	n/a	RM 32.1m
SNTORIA Sentoria Group Berhad	1.2x	n/a	RM 24.5m
MERIDIAN Meridian Berhad	4.2x	n/a	RM 11.3m

Price-To-Sales vs Peers: MERIDIAN is expensive based on its Price-To-Sales Ratio (4.2x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

How does MERIDIAN'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$4.39m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MERIDIAN is expensive based on its Price-To-Sales Ratio (4.2x) compared to the MY Real Estate industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is MERIDIAN'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.

MERIDIAN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	4.2x
Fair PS Ratio	n/a

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