JHM Consolidation Berhad

KLSE:JHM Stock Report

Market Cap: RM 245.4m

JHM Consolidation Berhad Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: JHM (MYR0.41) is trading above our estimate of fair value (MYR0.19)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for JHM. This is calculated by dividing JHM's market cap by their current revenue.
What is JHM's PS Ratio?
PS Ratio1.1x
SalesRM 223.59m
Market CapRM 245.43m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for JHM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
NE Northeast Group Berhad
4.8x11.1%RM 451.4m
SCOPE Scope Industries Berhad
0.8xn/aRM 127.0m
NOTION Notion VTec Berhad
1.3x13.5%RM 572.1m
AMLEX Amlex Holdings Berhad
1.2xn/aRM 67.0m
JHM JHM Consolidation Berhad
1.1x24.0%RM 245.4m

Price-To-Sales vs Peers: JHM is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

How does JHM's PS Ratio compare vs other companies in the MY Electronic Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
AEM AE Multi Holdings Berhad
0.1xn/aUS$3.39m
No more companies available in this PS range
JHM 1.1xIndustry Avg. 1.0xNo. of Companies5PS00.81.62.43.24+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JHM is expensive based on its Price-To-Sales Ratio (1.1x) compared to the MY Electronic industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is JHM'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.

JHM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: JHM is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

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 JHM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.41
RM 0.64
+58.0%
17.5%RM 0.79RM 0.52n/a3
Nov ’25RM 0.43
RM 0.64
+48.8%
17.5%RM 0.79RM 0.52n/a3
Oct ’25RM 0.49
RM 0.64
+30.6%
17.5%RM 0.79RM 0.52n/a3
Sep ’25RM 0.49
RM 0.67
+35.4%
16.8%RM 0.79RM 0.52n/a3
Aug ’25RM 0.61
RM 0.80
+30.1%
11.4%RM 0.92RM 0.70n/a3
Jul ’25RM 0.67
RM 0.80
+20.3%
11.4%RM 0.92RM 0.70n/a3
Jun ’25RM 0.62
RM 0.80
+29.0%
11.4%RM 0.92RM 0.70n/a3
May ’25RM 0.58
RM 0.82
+42.0%
11.1%RM 0.92RM 0.70n/a3
Apr ’25RM 0.56
RM 0.82
+47.0%
11.1%RM 0.92RM 0.70n/a3
Mar ’25RM 0.62
RM 0.82
+32.8%
11.1%RM 0.92RM 0.70n/a3
Feb ’25RM 0.69
RM 0.82
+19.3%
11.1%RM 0.92RM 0.70n/a3
Jan ’25RM 0.72
RM 0.82
+14.4%
11.1%RM 0.92RM 0.70n/a3
Dec ’24RM 0.72
RM 0.82
+14.4%
11.1%RM 0.92RM 0.70n/a3
Nov ’24RM 0.73
RM 0.87
+18.7%
13.9%RM 0.98RM 0.70RM 0.433
Oct ’24RM 0.78
RM 0.87
+11.1%
13.9%RM 0.98RM 0.70RM 0.493
Sep ’24RM 0.80
RM 0.87
+8.3%
13.9%RM 0.98RM 0.70RM 0.493
Aug ’24RM 0.79
RM 0.84
+7.0%
8.3%RM 0.92RM 0.75RM 0.613
Jul ’24RM 0.74
RM 0.84
+12.8%
8.3%RM 0.92RM 0.75RM 0.673
Jun ’24RM 0.75
RM 0.84
+12.0%
8.3%RM 0.92RM 0.75RM 0.623
May ’24RM 0.79
RM 0.92
+16.5%
10.7%RM 1.04RM 0.80RM 0.583
Apr ’24RM 0.84
RM 0.92
+9.5%
10.7%RM 1.04RM 0.80RM 0.563
Mar ’24RM 0.77
RM 0.86
+12.4%
7.0%RM 0.92RM 0.80RM 0.622
Nov ’23RM 0.88
RM 1.26
+44.0%
3.2%RM 1.30RM 1.22RM 0.732

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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