CDW Holding Valuation

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

BXE (SGD0.14) is trading above our estimate of [[fair value]] (SGD0.01)

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

Below Fair Value: BXE (SGD0.14) is trading above our estimate of fair value (SGD0.01)

Significantly Below Fair Value: BXE is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BXE. This is calculated by dividing BXE's market cap by their current revenue.
What is BXE's PS Ratio?
PS Ratio	0.3x
Sales	US$96.29m
Market Cap	US$24.23m

BXE 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	0.08x
Enterprise Value/EBITDA	-4.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BXE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
1R6 Avi-Tech Holdings	1.6x	n/a	S$40.2m
S71 Sunright	0.3x	n/a	S$25.2m
AYN Global Testing	0.6x	n/a	S$32.2m
BIX Ellipsiz	0.5x	n/a	S$28.3m
BXE CDW Holding	0.3x	n/a	S$32.5m

Price-To-Sales vs Peers: BXE is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does BXE's PS Ratio compare vs other companies in the Asian Semiconductor Industry?

114 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	3.0x	18.7%
BXE CDW Holding	0.3x	n/a	US$24.23m

114 Companies		Estimated Growth	Market Cap
Industry Avg.	3.0x	29.3%
BXE CDW Holding	0.3x	n/a	US$24.23m

No more companies

Price-To-Sales vs Industry: BXE is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Semiconductor industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is BXE'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.

BXE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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