Mun Siong Engineering Valuation

Q: What is the Fair Price of MF6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MF6 (SGD0.03) is trading below our estimate of [[fair value]] (SGD0.08)

Is MF6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 MF6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MF6 (SGD0.03) is trading below our estimate of fair value (SGD0.08)

Significantly Below Fair Value: MF6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MF6?

Key metric: As MF6 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MF6. This is calculated by dividing MF6's market cap by their current revenue.
What is MF6's PS Ratio?
PS Ratio	0.3x
Sales	S$67.96m
Market Cap	S$19.19m

MF6 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	0.2x
Enterprise Value/EBITDA	34.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MF6's PS Ratio compare to its peers?

The above table shows the PS ratio for MF6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
5VC Kori Holdings	1x	n/a	S$15.7m
554 King Wan	0.2x	n/a	S$21.6m
1L2 Hiap Seng Industries	0.5x	n/a	S$13.5m
41B Huationg Global	0.1x	n/a	S$27.1m
MF6 Mun Siong Engineering	0.3x	n/a	S$19.2m

Price-To-Sales vs Peers: MF6 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does MF6's PS Ratio compare vs other companies in the SG Construction Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
BFI Tiong Seng Holdings	0.07x	n/a	US$28.14m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MF6 is good value based on its Price-To-Sales Ratio (0.3x) compared to the SG Construction industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is MF6'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.

MF6 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MF6'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.

Discover undervalued companies

Pan-United

S$386.9m

An investment holding company, engages in the concrete and logistics businesses in Singapore and internationally.

P52

S$0.56

-1.8%

44.2%

Hafary Holdings

S$122.7m

An investment holding company, imports, exports, deals, distributes, wholesales, and trades in building materials in Singapore, the Socialist Republic of Vietnam, Malaysia, the People’s Republic of China, Republic of the Union of Myanmar, Cambodia, the United States, Taiwan, Japan, Australia, Hong Kong, Thailand, the Philippines, the United Arab Emirates, and internationally.

5VS

S$0.28

1.8%

3.6%

Shanghai Turbo Enterprises

S$335.7k

An investment holding company, engages in the production and sale of vane products in China, Korea, and Japan.

AWM

S$0.011

n/a