Ming Shing Group Holdings Valuation

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

Below Fair Value: MSW ($6.16) is trading below our estimate of fair value ($18.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MSW. This is calculated by dividing MSW's market cap by their current earnings.
What is MSW's PE Ratio?
PE Ratio	33.8x
Earnings	US$2.33m
Market Cap	US$78.03m

MSW 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	3x
Enterprise Value/EBITDA	25.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MSW 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	40.9x
JVSA JVSPAC Acquisition	58.2x	n/a	US$79.9m
HUHU HUHUTECH International Group	53.5x	n/a	US$86.6m
FGL Founder Group	25.1x	n/a	US$37.7m
BBCP Concrete Pumping Holdings	26.6x	32.1%	US$359.2m
MSW Ming Shing Group Holdings	33.8x	n/a	US$78.0m

Price-To-Earnings vs Peers: MSW is good value based on its Price-To-Earnings Ratio (33.8x) compared to the peer average (40.9x).

Price to Earnings Ratio vs Industry

How does MSW's PE Ratio compare vs other companies in the US Construction Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
WLMS.Q Williams Industrial Services Group	n/a	n/a	US$26.00

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MSW is good value based on its Price-To-Earnings Ratio (33.8x) compared to the US Construction industry average (35.2x).

Price to Earnings Ratio vs Fair Ratio

What is MSW'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.

MSW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	33.8x
Fair PE Ratio	n/a

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