Advancer Global Valuation

Q: What is the Fair Price of 43Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

43Q (SGD0.08) is trading below our estimate of [[fair value]] (SGD0.11)

Is 43Q 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 43Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 43Q (SGD0.08) is trading below our estimate of fair value (SGD0.11)

Significantly Below Fair Value: 43Q is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 43Q?

Key metric: As 43Q is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 43Q. This is calculated by dividing 43Q's market cap by their current revenue.
What is 43Q's PS Ratio?
PS Ratio	0.3x
Sales	S$66.71m
Market Cap	S$20.09m

43Q 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	0.04x
Enterprise Value/EBITDA	-0.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 43Q's PS Ratio compare to its peers?

The above table shows the PS ratio for 43Q 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	1.3x
XVG Aedge Group	1.1x	n/a	S$26.5m
5IF Natural Cool Holdings	0.06x	n/a	S$9.3m
43A GS Holdings	3.6x	n/a	S$36.0m
5NV Chasen Holdings	0.4x	n/a	S$41.4m
43Q Advancer Global	0.3x	n/a	S$20.1m

Price-To-Sales vs Peers: 43Q is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 43Q'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$9.75m
5IF Natural Cool Holdings	0.06x	n/a	US$6.88m
BKK Luxking Group Holdings	0.06x	n/a	US$4.37m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 43Q is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Commercial Services industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is 43Q'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.

43Q 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 43Q'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.