ASL Marine Holdings Valuation

Is A04 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 A04 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A04 (SGD0.06) is trading below our estimate of fair value (SGD0.13)

Significantly Below Fair Value: A04 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A04?

Key metric: As A04 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A04. This is calculated by dividing A04's market cap by their current earnings.
What is A04's PE Ratio?
PE Ratio	69.1x
Earnings	S$801.00k
Market Cap	S$55.32m

A04 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	0.8x
Enterprise Value/EBITDA	3.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does A04's PE Ratio compare to its peers?

The above table shows the PE ratio for A04 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	13.9x
G50 Grand Banks Yachts	4.8x	n/a	S$102.6m
1A1 Wong Fong Industries	14.9x	n/a	S$34.1m
BKX Yongmao Holdings	19.4x	n/a	S$49.7m
H20 Hoe Leong	16.5x	n/a	S$30.2m
A04 ASL Marine Holdings	69.1x	n/a	S$55.3m

Price-To-Earnings vs Peers: A04 is expensive based on its Price-To-Earnings Ratio (69.1x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does A04's PE Ratio compare vs other companies in the Asian Machinery Industry?

20 Companies	Price / Earnings	Estimated Growth	Market Cap

20 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: A04 is expensive based on its Price-To-Earnings Ratio (69.1x) compared to the Asian Machinery industry average (22.9x).

Price to Earnings Ratio vs Fair Ratio

What is A04'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.

A04 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	69.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate A04'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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