GTRONIC (7022) – Fundamental Analysis (14 Dec 2014)
GTRONIC Analysis:-
Excel – http://1drv.ms/1wFdkdP
Notes – http://tinyurl.com/qx6gtpx
My View:-
- Valuation
– 5Y DCF
– Good Scenario: 5.57 (Fair value uncertainty: LOW)
– Base Scenario: 4.92 (Fair value uncertainty: MEDIUM)
– Bad Scenario: 4.34 (Fair value uncertainty: HIGH)
– Ugly Scenario: 3.83 (Fair value uncertainty: VERY HIGH)
– Absolute EY%:
– Trailing:
– FY13 (EPS: 0.19) – Fair value 3.96 (Fair Value Uncertainty: VERY HIGH)
– R4Q (EPS: 0.222) – Fair value 4.62 (Fair Value Uncertainty: MEDIUM)
– Forward:
– FY14 (EPS: 0.238) – Fair value 4.96 (Fair Value Uncertainty: MEDIUM)
– FY15 (EPS: 0.283) – Fair value 5.9 (Fair Value Uncertainty: LOW)
– EPS applied to reach the current stock price (4.26): 0.204
– Absolute PE:
– FY14 (EPS: 0.189) – Fair value 2.31 (Fair Value Uncertainty: HIGH)
– R4Q (EPS: 0.222) – Fair value 4.35 (Fair Value Uncertainty: HIGH)
- Shariah status – Globe could be trade at a premium given the ample domestic liquidity and strong participation by domestic institutions.
- GTRONIC has been consistently delivering steady earnings growth by keeping pace with market demands. This was shown in its latest quarterly results announcement. With a growing cash pile, the company mostly will continue its attractive dividend payouts. I believe that there is still slight room for the stock to appreciate further with expectation on another solid year ahead in FY15.
- As of now, GTRONIC’s DY% is only 4.2%. This is not so attractive.
Latest Financial – Q3 2014 Financial Report (28 Oct 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1778113
At the time of writing, I did not own shares of GTRONIC.
http://lcchong.wordpress.com
GTRONIC Analysis:-
Excel – http://1drv.ms/1wFdkdP
Notes – http://tinyurl.com/qx6gtpx
My View:-
- Valuation
– 5Y DCF
– Good Scenario: 5.57 (Fair value uncertainty: LOW)
– Base Scenario: 4.92 (Fair value uncertainty: MEDIUM)
– Bad Scenario: 4.34 (Fair value uncertainty: HIGH)
– Ugly Scenario: 3.83 (Fair value uncertainty: VERY HIGH)
– Absolute EY%:
– Trailing:
– FY13 (EPS: 0.19) – Fair value 3.96 (Fair Value Uncertainty: VERY HIGH)
– R4Q (EPS: 0.222) – Fair value 4.62 (Fair Value Uncertainty: MEDIUM)
– Forward:
– FY14 (EPS: 0.238) – Fair value 4.96 (Fair Value Uncertainty: MEDIUM)
– FY15 (EPS: 0.283) – Fair value 5.9 (Fair Value Uncertainty: LOW)
– EPS applied to reach the current stock price (4.26): 0.204
– Absolute PE:
– FY14 (EPS: 0.189) – Fair value 2.31 (Fair Value Uncertainty: HIGH)
– R4Q (EPS: 0.222) – Fair value 4.35 (Fair Value Uncertainty: HIGH)
- Shariah status – Globe could be trade at a premium given the ample domestic liquidity and strong participation by domestic institutions.
- GTRONIC has been consistently delivering steady earnings growth by keeping pace with market demands. This was shown in its latest quarterly results announcement. With a growing cash pile, the company mostly will continue its attractive dividend payouts. I believe that there is still slight room for the stock to appreciate further with expectation on another solid year ahead in FY15.
- As of now, GTRONIC’s DY% is only 4.2%. This is not so attractive.
Latest Financial – Q3 2014 Financial Report (28 Oct 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1778113
At the time of writing, I did not own shares of GTRONIC.
http://lcchong.wordpress.com
