Rex International Holding Limited

SGX:5WH Stock Report

Market Cap: S$148.5m

Rex International Holding Valuation

Is 5WH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: 5WH (SGD0.11) is trading below our estimate of fair value (SGD1.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 5WH. This is calculated by dividing 5WH's market cap by their current revenue.
What is 5WH's PS Ratio?
PS Ratio0.4x
SalesUS$258.77m
Market CapUS$110.17m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 5WH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
BTP Baker Technology
1.2xn/aS$124.8m
5UL Atlantic Navigation Holdings (Singapore)
0.2xn/aS$34.6m
DU4 Mermaid Maritime
0.3x8.8%S$183.7m
5G2 Kim Heng
0.5xn/aS$59.9m
5WH Rex International Holding
0.4x-26.4%S$148.5m

Price-To-Sales vs Peers: 5WH is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

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

27 CompaniesPrice / SalesEstimated GrowthMarket Cap
5WH 0.4xIndustry Avg. 1.2xNo. of Companies27PS01.22.43.64.86+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 5WH is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Energy Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is 5WH'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.

5WH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: 5WH is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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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