Memiontec Holdings Valuation

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

TWL (SGD0.06) is trading above our estimate of [[fair value]] (SGD0.04)

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

Below Fair Value: TWL (SGD0.06) is trading above our estimate of fair value (SGD0.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TWL. This is calculated by dividing TWL's market cap by their current earnings.
What is TWL's PE Ratio?
PE Ratio	11x
Earnings	S$3.31m
Market Cap	S$36.34m

TWL 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	0.5x
Enterprise Value/EBITDA	8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TWL 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	29x
PA3 TA	3.1x	n/a	S$37.8m
BFT Lincotrade & Associates Holdings	15.1x	n/a	S$34.1m
ZXY Alpina Holdings	93.3x	n/a	S$36.9m
BFI Tiong Seng Holdings	4.5x	n/a	S$37.5m
TWL Memiontec Holdings	11x	n/a	S$36.3m

Price-To-Earnings vs Peers: TWL is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (37.6x).

Price to Earnings Ratio vs Industry

How does TWL's PE Ratio compare vs other companies in the SG Construction Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
41B Huationg Global	1.4x	n/a	US$20.05m
1L2 Hiap Seng Industries	0.6x	n/a	US$10.04m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TWL is expensive based on its Price-To-Earnings Ratio (11x) compared to the SG Construction industry average (6.5x).

Price to Earnings Ratio vs Fair Ratio

What is TWL'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.

TWL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11x
Fair PE Ratio	n/a

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