Bursa Malaysia Berhad

OTCPK:BSMA.F Stock Report

Market Cap: US$1.6b

Bursa Malaysia Berhad Valuation

Is BSMA.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 BSMA.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BSMA.F ($2.53) is trading above our estimate of fair value ($1.99)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BSMA.F?

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

The above table shows the Price to Earnings ratio for BSMA.F. This is calculated by dividing BSMA.F's market cap by their current earnings.
What is BSMA.F's PE Ratio?
PE Ratio23.7x
EarningsRM 300.77m
Market CapRM 7.14b

Price to Earnings Ratio vs Peers

How does BSMA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BSMA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.6x
DFIN Donnelley Financial Solutions
18x7.3%US$1.8b
OTCM OTC Markets Group
22.6x8.0%US$627.3m
VALU Value Line
24.1xn/aUS$491.2m
LPRO Open Lending
165.6x71.5%US$773.4m
BSMA.F Bursa Malaysia Berhad
23.7x4.9%US$7.1b

Price-To-Earnings vs Peers: BSMA.F is good value based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (57.6x).

Price to Earnings Ratio vs Industry

How does BSMA.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

23 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.7xn/aUS$2.28b
CET Central Securities
4.5xn/aUS$1.34b
GAM General American Investors Company
4.2xn/aUS$1.18b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
BSMA.F 23.7xIndustry Avg. 23.2xNo. of Companies73PE020406080100+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BSMA.F is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the US Capital Markets industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is BSMA.F'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.

BSMA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BSMA.F'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?

The above table shows the analyst BSMA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$2.29
0%
7.3%US$2.52US$1.98n/a16
Nov ’25US$2.53
US$2.33
-8.0%
7.3%US$2.56US$2.01n/a16
Oct ’25n/a
US$2.44
0%
6.4%US$2.64US$2.18n/a16
Sep ’25n/a
US$2.26
0%
6.6%US$2.45US$2.02n/a15
Aug ’25n/a
US$2.26
0%
6.6%US$2.45US$2.02n/a15
Jul ’25n/a
US$1.82
0%
12.8%US$2.27US$1.42n/a14
Jun ’25n/a
US$1.79
0%
10.8%US$2.10US$1.43n/a14
May ’25n/a
US$1.61
0%
10.5%US$1.89US$1.30n/a14
Apr ’25n/a
US$1.60
0%
9.7%US$1.82US$1.32n/a15
Mar ’25n/a
US$1.56
0%
12.6%US$1.79US$1.16n/a15
Feb ’25n/a
US$1.53
0%
12.5%US$1.80US$1.16n/a15
Jan ’25n/a
US$1.48
0%
9.7%US$1.68US$1.18n/a15
Dec ’24n/a
US$1.44
0%
10.1%US$1.65US$1.15n/a15
Nov ’24n/a
US$1.44
0%
10.1%US$1.65US$1.15US$2.5315
Oct ’24n/a
US$1.51
0%
10.2%US$1.74US$1.22n/a15
Sep ’24n/a
US$1.51
0%
10.2%US$1.74US$1.22n/a15
Aug ’24n/a
US$1.51
0%
10.2%US$1.74US$1.22n/a15
Jul ’24n/a
US$1.38
0%
10.4%US$1.61US$1.10n/a15
Jun ’24n/a
US$1.46
0%
10.4%US$1.69US$1.15n/a15
May ’24n/a
US$1.47
0%
10.2%US$1.68US$1.17n/a15
Apr ’24n/a
US$1.55
0%
10.0%US$1.77US$1.23n/a15
Mar ’24n/a
US$1.55
0%
10.0%US$1.77US$1.23n/a15
Feb ’24n/a
US$1.56
0%
10.2%US$1.79US$1.22n/a15
Jan ’24n/a
US$1.41
0%
9.5%US$1.60US$1.10n/a15
Dec ’23n/a
US$1.41
0%
9.5%US$1.60US$1.10n/a15
Nov ’23n/a
US$1.41
0%
9.6%US$1.60US$1.10n/a15

Analyst Forecast: Target price is less than 20% higher than the current share price.

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