Versalink Holdings Valuation

Is 40N 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-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 40N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 40N (SGD0.06) is trading above our estimate of fair value (SGD0)

Significantly Below Fair Value: 40N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 40N?

Key metric: As 40N is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 40N. This is calculated by dividing 40N's market cap by their current revenue.
What is 40N's PS Ratio?
PS Ratio	0.6x
Sales	RM 38.78m
Market Cap	RM 25.07m

40N 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	0.3x
Enterprise Value/EBITDA	-3.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 40N's PS Ratio compare to its peers?

The above table shows the PS ratio for 40N 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	0.7x
BKK Luxking Group Holdings	0.06x	n/a	S$5.9m
585 Asian Micro Holdings	1.1x	n/a	S$5.1m
5IF Natural Cool Holdings	0.07x	n/a	S$9.5m
SES Shanaya	1.6x	n/a	S$14.0m
40N Versalink Holdings	0.6x	n/a	S$7.6m

Price-To-Sales vs Peers: 40N is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does 40N's PS Ratio compare vs other companies in the SG Commercial Services Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
ENV LS 2 Holdings	0.2x	n/a	US$9.80m
5IF Natural Cool Holdings	0.07x	n/a	US$7.09m
BKK Luxking Group Holdings	0.06x	n/a	US$4.36m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 40N is good value based on its Price-To-Sales Ratio (0.6x) compared to the Asian Commercial Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is 40N'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.

40N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 40N'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.