Old Chang Kee Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: 5ML (SGD0.8) is trading below our estimate of fair value (SGD7.29)

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


Key Valuation Metric

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

Key metric: As 5ML is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5ML. This is calculated by dividing 5ML's market cap by their current earnings.
What is 5ML's PE Ratio?
PE Ratio8.4x
EarningsS$11.51m
Market CapS$95.28m

Price to Earnings Ratio vs Peers

How does 5ML's PE Ratio compare to its peers?

The above table shows the PE ratio for 5ML vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
BEW JB Foods
3.8xn/aS$151.6m
42W Zixin Group Holdings
10.1xn/aS$47.7m
Y03 Yeo Hiap Seng
53.5xn/aS$359.0m
P34 Delfi
9.1x4.5%S$498.1m
5ML Old Chang Kee
8.4xn/aS$95.3m

Price-To-Earnings vs Peers: 5ML is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (19.1x).


Price to Earnings Ratio vs Industry

How does 5ML's PE Ratio compare vs other companies in the Asian Food Industry?

25 CompaniesPrice / EarningsEstimated GrowthMarket Cap
5ML 8.4xIndustry Avg. 16.8xNo. of Companies112PE01224364860+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 5ML is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Asian Food industry average (16.8x).


Price to Earnings Ratio vs Fair Ratio

What is 5ML'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.

5ML PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 5ML'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.


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