Bonvests Holdings Valuation

Q: What is the Fair Price of B28 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

B28 (SGD0.88) is trading above our estimate of [[fair value]] (SGD0.6)

Is B28 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 B28 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B28 (SGD0.88) is trading above our estimate of fair value (SGD0.6)

Significantly Below Fair Value: B28 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B28?

Key metric: As B28 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B28. This is calculated by dividing B28's market cap by their current earnings.
What is B28's PE Ratio?
PE Ratio	58.9x
Earnings	S$6.00m
Market Cap	S$353.33m

B28 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	3.2x
Enterprise Value/EBITDA	16.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does B28's PE Ratio compare to its peers?

The above table shows the PE ratio for B28 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	54.1x
A34 Amara Holdings	93.4x	n/a	S$333.5m
B58 Banyan Tree Holdings	8.5x	n/a	S$312.1m
H18 Hotel Grand Central	58.2x	n/a	S$521.3m
H12 Hotel Royal	56.4x	n/a	S$209.3m
B28 Bonvests Holdings	58.9x	n/a	S$353.3m

Price-To-Earnings vs Peers: B28 is expensive based on its Price-To-Earnings Ratio (58.9x) compared to the peer average (54.1x).

Price to Earnings Ratio vs Industry

How does B28's PE Ratio compare vs other companies in the SG Hospitality Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
H15 Hotel Properties	3.4x	n/a	US$1.43b

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: B28 is expensive based on its Price-To-Earnings Ratio (58.9x) compared to the SG Hospitality industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is B28'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.

B28 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	58.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate B28'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.