Tropicana Corporation Berhad

KLSE:TROP Stock Report

Market Cap: RM 2.9b

Tropicana Corporation Berhad Valuation

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

Below Fair Value: TROP (MYR1.17) is trading below our estimate of fair value (MYR3.36)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TROP. This is calculated by dividing TROP's market cap by their current revenue.
What is TROP's PS Ratio?
PS Ratio2x
SalesRM 1.45b
Market CapRM 2.94b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TROP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.3x
MATRIX Matrix Concepts Holdings Berhad
2.2x6.3%RM 2.9b
OSK OSK Holdings Berhad
2.1x7.5%RM 3.3b
MAHSING Mah Sing Group Berhad
1.8x9.7%RM 4.4b
IDEAL Ideal Capital Berhad
3.3xn/aRM 1.9b
TROP Tropicana Corporation Berhad
2xn/aRM 2.9b

Price-To-Sales vs Peers: TROP is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

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

1 CompanyPrice / SalesEstimated GrowthMarket Cap
IVORY Ivory Properties Group Berhad
0.3xn/aUS$4.40m
No more companies available in this PS range
TROP 2.0xIndustry Avg. 1.8xNo. of Companies13PS01.22.43.64.86+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TROP is expensive based on its Price-To-Sales Ratio (2x) compared to the MY Real Estate industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is TROP'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.

TROP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ration/a

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