DELEUM (5132) : DELEUM – Fundamental Analysis (18 Nov 2014)

DELEUM (5132) : DELEUM – Fundamental Analysis (18 Nov 2014)


DELEUM Analysis:-

Excel – http://1drv.ms/1EXdfVM

My View:-

- Fair Value
– Absolute EY% Valuation:  
– Trailing:     
– FY13 (EPS: 0.124) – Fair value 1.22 (Fair Value Uncertainty: VERY HIGH)     
– R4Q (EPS: 0.143) – Fair value 1.41 (Fair Value Uncertainty: VERY HIGH)   

– Forward:    
– FY14 (EPS: 0.142) – Fair value 1.4 (Fair Value Uncertainty: VERY HIGH)     
– FY15 (EPS: 0.171) – Fair value 1.69 (Fair Value Uncertainty: HIGH)   
– EPS applied to reach the current stock price (1.69): 0.171

- The long term outlook looks bright for Deleum, with a RM3.5bn orderbook lasting up to 7 years and 2 major contracts commencing in FY14.

- The slump of brent crude oil futures is having an effect on the level of activities of the O&G producers and contractors in Malaysia.

Latest Financial – Q3 2014 Financial Report (17 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1795733

At the time of writing, I did not own shares of DELEUM.

http://lcchong.wordpress.com