Tye Soon Valuation

Q: What is the Fair Price of BFU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BFU (SGD0.3) is trading below our estimate of [[fair value]] (SGD1.1)

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

Below Fair Value: BFU (SGD0.3) is trading below our estimate of fair value (SGD1.1)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BFU. This is calculated by dividing BFU's market cap by their current earnings.
What is BFU's PE Ratio?
PE Ratio	6.1x
Earnings	S$4.32m
Market Cap	S$26.18m

BFU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	9.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does BFU's PE Ratio compare to its peers?

The above table shows the PE ratio for BFU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	10.2x
C04 Casa Holdings	20.4x	n/a	S$26.2m
O08 Ossia International	4.9x	n/a	S$36.6m
S29 Stamford Tyres	8.5x	n/a	S$51.0m
AWI Thakral	7x	n/a	S$81.2m
BFU Tye Soon	6.1x	n/a	S$26.2m

Price-To-Earnings vs Peers: BFU is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

How does BFU's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BFU is good value based on its Price-To-Earnings Ratio (6.1x) compared to the Asian Retail Distributors industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is BFU'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.

BFU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	6.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BFU'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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