Mandarin Oriental International Valuation

Is M04 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-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 M04 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: M04 ($1.7) is trading above our estimate of fair value ($1.02)

Significantly Below Fair Value: M04 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M04?

Key metric: As M04 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for M04. This is calculated by dividing M04's market cap by their current revenue.
What is M04's PS Ratio?
PS Ratio	3.9x
Sales	US$548.30m
Market Cap	US$2.19b

M04 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	4.4x
Enterprise Value/EBITDA	18.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does M04's PS Ratio compare to its peers?

The above table shows the PS ratio for M04 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	2.8x
H15 Hotel Properties	2.8x	n/a	S$1.9b
H18 Hotel Grand Central	3.6x	n/a	S$517.6m
H07 Stamford Land	3.2x	n/a	S$548.9m
B28 Bonvests Holdings	1.6x	n/a	S$359.4m
M04 Mandarin Oriental International	3.9x	n/a	US$2.2b

Price-To-Sales vs Peers: M04 is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does M04's PS Ratio compare vs other companies in the SG Hospitality Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
540 Tung Lok Restaurants (2000)	0.4x	n/a	US$23.42m
1A0 Katrina Group	0.2x	n/a	US$7.25m
KUH TSH	0.3x	n/a	US$2.66m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: M04 is expensive based on its Price-To-Sales Ratio (3.9x) compared to the SG Hospitality industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is M04'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.

M04 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate M04'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.