Hai Leck Holdings Limited

SGX:BLH Stock Report

Market Cap: S$81.4m

Hai Leck Holdings Valuation

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

Below Fair Value: BLH (SGD0.36) is trading below our estimate of fair value (SGD2.29)

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

Key Valuation Metric

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

Key metric: As BLH is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BLH. This is calculated by dividing BLH's market cap by their current revenue.
What is BLH's PS Ratio?
PS Ratio1.6x
SalesS$50.45m
Market CapS$81.45m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BLH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
BTP Baker Technology
1.2xn/aS$124.8m
M05 MTQ
0.7xn/aS$51.7m
5G2 Kim Heng
0.5xn/aS$59.9m
5WH Rex International Holding
0.4x-26.4%S$148.5m
BLH Hai Leck Holdings
1.6xn/aS$81.4m

Price-To-Sales vs Peers: BLH is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

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

27 CompaniesPrice / SalesEstimated GrowthMarket Cap
BLH 1.6xIndustry Avg. 1.2xNo. of Companies27PS01.22.43.64.86+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BLH is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Asian Energy Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is BLH'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.

BLH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ration/a

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

Discover undervalued companies

AnAn International

S$21.2m

An investment holding company, trades in petrochemical, fuel oil, and petroleum products in Singapore, the People’s Republic of China, Europe, and internationally.

Y35

S$0.005

7D

-16.7%

1Y

-70.6%

Sinostar PEC Holdings

S$83.2m

An investment holding company, produces and supplies petrochemical products in the People’s Republic of China.

C9Q

S$0.13

7D

-1.5%

1Y

-3.7%

Pacific Radiance

S$68.1m

An investment holding company, owns, operates, and manages offshore vessels and provides offshore support services.

RXS

S$0.047

7D

0%

1Y

56.7%