S P Setia Berhad

KLSE:SPSETIA Stock Report

Mkt Cap: RM2.1b

We’ve recently updated our valuation analysis.

S P Setia Berhad Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SPSETIA 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/Revenue3.1x
Enterprise Value/EBITDA20.3x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPSETIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
OSK OSK Holdings Berhad
4.4x6.6%RM2.0b
ECOWLD Eco World Development Group Berhad
14.4x11.8%RM2.2b
MAHSING Mah Sing Group Berhad
9.2x10.2%RM1.4b
MATRIX Matrix Concepts Holdings Berhad
8.6x6.8%RM1.8b
SPSETIA S P Setia Berhad
13.4x12.7%RM2.1b

Price-To-Earnings vs Peers: SPSETIA is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (9.2x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.4%
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No more companies

Price-To-Earnings vs Industry: SPSETIA is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the MY Real Estate industry average (9.9x)

Price to Earnings Ratio vs Fair Ratio

What is SPSETIA'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.

SPSETIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.4x
Fair PE Ratio9.4x

Price-To-Earnings vs Fair Ratio: SPSETIA is expensive based on its Price-To-Earnings Ratio (13.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.4x).

Share Price vs Fair Value

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

Below Fair Value: SPSETIA (MYR0.52) is trading above our estimate of fair value (MYR0.37)

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

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 SPSETIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM0.52
RM0.66
+27.4%
30.2%RM1.22RM0.38n/a16
May ’24RM0.57
RM0.71
+23.0%
26.5%RM1.22RM0.38n/a16
Apr ’24RM0.59
RM0.71
+19.7%
27.1%RM1.22RM0.38n/a15
Mar ’24RM0.60
RM0.71
+17.7%
27.1%RM1.22RM0.38n/a15
Feb ’24RM0.69
RM0.71
+1.7%
29.2%RM1.22RM0.38n/a14
Jan ’24RM0.60
RM0.73
+22.0%
27.9%RM1.22RM0.38n/a14
Dec ’23RM0.70
RM0.73
+4.6%
27.9%RM1.22RM0.38n/a14
Nov ’23RM0.48
RM0.88
+83.6%
30.3%RM1.52RM0.58n/a15
Oct ’23RM0.57
RM0.91
+59.0%
29.9%RM1.52RM0.58n/a15
Sep ’23RM0.73
RM0.94
+28.1%
30.3%RM1.52RM0.58n/a16
Aug ’23RM0.75
RM1.08
+43.5%
28.5%RM1.83RM0.67n/a16
Jul ’23RM0.67
RM1.20
+80.2%
25.8%RM1.83RM0.67n/a16
Jun ’23RM0.83
RM1.22
+46.5%
25.3%RM1.83RM0.67n/a17
May ’23RM1.17
RM1.39
+18.4%
20.8%RM1.84RM0.80RM0.5716
Apr ’23RM1.23
RM1.38
+12.2%
19.2%RM1.84RM0.80RM0.5917
Mar ’23RM1.35
RM1.39
+3.2%
17.9%RM1.84RM0.82RM0.6017
Feb ’23RM1.23
RM1.37
+11.0%
17.7%RM1.81RM0.82RM0.6917
Jan ’23RM1.29
RM1.37
+6.2%
18.2%RM1.81RM0.82RM0.6016
Dec ’22RM1.23
RM1.37
+11.3%
18.2%RM1.81RM0.82RM0.7016
Nov ’22RM1.38
RM1.26
-8.6%
16.1%RM1.75RM0.82RM0.4816
Oct ’22RM1.23
RM1.23
-0.1%
13.0%RM1.43RM0.82RM0.5716
Sep ’22RM1.17
RM1.23
+5.0%
13.0%RM1.43RM0.82RM0.7316
Aug ’22RM1.03
RM1.22
+18.0%
13.2%RM1.42RM0.82RM0.7516
Jul ’22RM1.09
RM1.20
+10.1%
14.6%RM1.42RM0.82RM0.6716
Jun ’22RM1.03
RM1.17
+13.2%
15.1%RM1.42RM0.82RM0.8316
May ’22RM1.03
RM1.06
+2.6%
15.4%RM1.39RM0.82RM1.1716

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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