Halcyon Agri Corporation Limited

SGX:5VJ Stock Report

Market Cap: S$654.0m

Halcyon Agri Valuation

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

Below Fair Value: 5VJ (SGD0.41) is trading below our estimate of fair value (SGD0.78)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for 5VJ. This is calculated by dividing 5VJ's market cap by their current revenue.
What is 5VJ's PS Ratio?
PS Ratio0.2x
SalesUS$2.69b
Market CapUS$494.49m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for 5VJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
QES China Sunsine Chemical Holdings
0.6x3.6%S$410.0m
C05 Chemical Industries (Far East)
0.6xn/aS$37.6m
5AU AP Oil International
0.4xn/aS$19.7m
C8R Jiutian Chemical Group
1.6xn/aS$55.7m
5VJ Halcyon Agri
0.2xn/aS$654.0m

Price-To-Sales vs Peers: 5VJ is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

How does 5VJ's PS Ratio compare vs other companies in the Asian Chemicals Industry?

150 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.4x11.4%
5VJ Halcyon Agri
 0.2xn/aUS$494.49m
5VJ 0.2xIndustry Avg. 1.4xNo. of Companies220PS01.22.43.64.86+
150 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.4x34.4%
5VJ Halcyon Agri
 0.2xn/aUS$494.49m
No more companies

Price-To-Sales vs Industry: 5VJ is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Chemicals industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is 5VJ'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.

5VJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

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