Kencana Agri Limited

SGX:BNE Stock Report

Market Cap: S$23.5m

Kencana Agri Valuation

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

Below Fair Value: BNE (SGD0.08) is trading below our estimate of fair value (SGD0.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BNE. This is calculated by dividing BNE's market cap by their current revenue.
What is BNE's PS Ratio?
PS Ratio0.1x
SalesUS$129.12m
Market CapUS$17.46m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.5x
GRQ Don Agro International
0.8xn/aS$25.5m
BKV China Shenshan Orchard Holdings
0.7xn/aS$10.2m
5HG Edition
16.5xn/aS$12.6m
P74 China Kangda Food
0.08xn/aS$24.9m
BNE Kencana Agri
0.1xn/aS$23.5m

Price-To-Sales vs Peers: BNE is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (4.5x).

Price to Sales Ratio vs Industry

How does BNE's PS Ratio compare vs other companies in the SG Food Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
MV4 Mewah International
0.08xn/aUS$306.11m
D03 Del Monte Pacific
0.05xn/aUS$118.24m
P74 China Kangda Food
0.08xn/aUS$18.48m
No more companies available in this PS range
BNE 0.1xIndustry Avg. 0.7xNo. of Companies4PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BNE is good value based on its Price-To-Sales Ratio (0.1x) compared to the SG Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is BNE'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.

BNE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ration/a

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