Capital A Berhad

KLSE:CAPITALA Stock Report

Market Cap: RM 4.4b

Capital A Berhad Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: CAPITALA (MYR1.07) is trading below our estimate of fair value (MYR7.4)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CAPITALA. This is calculated by dividing CAPITALA's market cap by their current revenue.
What is CAPITALA's PS Ratio?
PS Ratio0.2x
SalesRM 19.34b
Market CapRM 4.45b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CAPITALA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
AAX AirAsia X Berhad
0.3x48.0%RM 894.1m
AAV Asia Aviation
0.7x5.5%฿37.3b
AIRPORT Malaysia Airports Holdings Berhad
3.3x9.2%RM 17.7b
BIPORT Bintulu Port Holdings Berhad
3.4x8.0%RM 2.8b
CAPITALA Capital A Berhad
0.2x4.9%RM 4.4b

Price-To-Sales vs Peers: CAPITALA is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.9x).

Price to Sales Ratio vs Industry

How does CAPITALA's PS Ratio compare vs other companies in the Asian Airlines Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
CAPITALA 0.2xIndustry Avg. 0.7xNo. of Companies7PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CAPITALA is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Airlines industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is CAPITALA'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.

CAPITALA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: CAPITALA is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 CAPITALA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.07
RM 1.04
-3.1%
30.0%RM 1.68RM 0.60n/a11
Nov ’25RM 0.97
RM 1.04
+6.4%
30.0%RM 1.68RM 0.60n/a11
Oct ’25RM 0.98
RM 0.98
+0.4%
27.9%RM 1.68RM 0.60n/a10
Sep ’25RM 0.77
RM 0.98
+28.6%
27.9%RM 1.68RM 0.60n/a10
Aug ’25RM 0.82
RM 1.08
+30.4%
31.6%RM 1.70RM 0.60n/a10
Jul ’25RM 0.85
RM 1.08
+26.6%
31.6%RM 1.70RM 0.60n/a10
Jun ’25RM 0.84
RM 1.08
+27.3%
31.6%RM 1.70RM 0.60n/a10
May ’25RM 0.80
RM 0.94
+18.7%
31.9%RM 1.68RM 0.60n/a9
Apr ’25RM 0.71
RM 0.93
+29.6%
21.9%RM 1.40RM 0.74n/a9
Mar ’25RM 0.68
RM 0.95
+39.4%
22.5%RM 1.40RM 0.77n/a9
Feb ’25RM 0.70
RM 0.97
+38.7%
20.9%RM 1.40RM 0.80n/a9
Jan ’25RM 0.82
RM 0.97
+17.7%
20.9%RM 1.40RM 0.80n/a9
Dec ’24RM 0.86
RM 0.97
+12.3%
20.9%RM 1.40RM 0.80n/a9
Nov ’24RM 0.82
RM 1.01
+22.6%
19.5%RM 1.45RM 0.80RM 0.979
Oct ’24RM 0.97
RM 1.02
+5.0%
19.5%RM 1.45RM 0.80RM 0.989
Sep ’24RM 0.93
RM 1.03
+10.4%
19.2%RM 1.45RM 0.80RM 0.779
Aug ’24RM 0.92
RM 0.90
-2.7%
27.1%RM 1.25RM 0.40RM 0.828
Jul ’24RM 0.81
RM 0.90
+10.5%
27.1%RM 1.25RM 0.40RM 0.858
Jun ’24RM 0.76
RM 0.85
+12.9%
28.5%RM 1.25RM 0.40RM 0.849
May ’24RM 0.76
RM 0.77
+1.4%
26.3%RM 1.25RM 0.40RM 0.8012
Apr ’24RM 0.77
RM 0.77
+0.1%
26.3%RM 1.25RM 0.40RM 0.7112
Mar ’24RM 0.71
RM 0.72
+0.9%
29.1%RM 1.25RM 0.40RM 0.6813
Feb ’24RM 0.74
RM 0.69
-6.8%
31.4%RM 1.25RM 0.40RM 0.7013
Jan ’24RM 0.63
RM 0.68
+9.0%
31.7%RM 1.25RM 0.40RM 0.8213
Dec ’23RM 0.56
RM 0.70
+24.9%
31.1%RM 1.25RM 0.40RM 0.8613
Nov ’23RM 0.59
RM 0.73
+22.0%
32.0%RM 1.25RM 0.40RM 0.8213

Analyst Forecast: Target price is lower than the current share price.

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