NCT Alliance Berhad Valuation

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

Below Fair Value: NCT (MYR0.47) is trading below our estimate of fair value (MYR14.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NCT. This is calculated by dividing NCT's market cap by their current earnings.
What is NCT's PE Ratio?
PE Ratio	19.7x
Earnings	RM 43.55m
Market Cap	RM 856.45m

NCT 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	2.8x
Enterprise Value/EBITDA	11.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NCT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	17.6x
LBS LBS Bina Group Berhad	7x	8.0%	RM 834.7m
TELADAN Teladan Group Berhad	37x	n/a	RM 785.5m
OIB Oriental Interest Berhad	7.4x	n/a	RM 627.2m
IBRACO Ibraco Berhad	19x	31.3%	RM 644.3m
NCT NCT Alliance Berhad	19.7x	n/a	RM 856.4m

Price-To-Earnings vs Peers: NCT is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap
CRESNDO Crescendo Corporation Berhad	2.4x	n/a	US$247.89m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NCT is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the MY Real Estate industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is NCT'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.

NCT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NCT's Price-To-Earnings 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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