Annica Holdings Valuation

Is 5AL 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 5AL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5AL (SGD0) is trading below our estimate of fair value (SGD0.02)

Significantly Below Fair Value: 5AL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5AL?

Key metric: As 5AL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 5AL. This is calculated by dividing 5AL's market cap by their current revenue.
What is 5AL's PS Ratio?
PS Ratio	1.2x
Sales	S$15.59m
Market Cap	S$19.26m

5AL 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	1.2x
Enterprise Value/EBITDA	9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 5AL's PS Ratio compare to its peers?

The above table shows the PS ratio for 5AL 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
B9S CosmoSteel Holdings	0.4x	n/a	S$26.4m
C13 CH Offshore	0.8x	n/a	S$33.8m
5NF Mencast Holdings	0.2x	n/a	S$12.0m
5G2 Kim Heng	0.5x	n/a	S$60.6m
5AL Annica Holdings	1.2x	n/a	S$19.3m

Price-To-Sales vs Peers: 5AL is expensive based on its Price-To-Sales Ratio (1.2x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does 5AL's PS Ratio compare vs other companies in the Asian Energy Services Industry?

25 Companies	Price / Sales	Estimated Growth	Market Cap

25 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 5AL is expensive based on its Price-To-Sales Ratio (1.2x) compared to the Asian Energy Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is 5AL'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.

5AL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 5AL'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.

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