SUNWAY (5211) : SUNWAY – Fundamental Analysis (21 Nov 2014)
SUNWAY Analysis:-
Excel – http://1drv.ms/1uGWB8o
My View:-
- Fair value:
– Absolute EY%:
– Trailing:
– FY13 (EPS: 0.3) – Fair value 3.25 (Fair Value Uncertainty: HIGH)
– R4Q (EPS: 0.91) – Fair value 9.86 (Fair Value Uncertainty: LOW)
– Forward:
– FY14 (EPS: 0.274) – Fair value 2.97 (Fair Value Uncertainty: HIGH)
– FY15 (EPS: 0.299) – Fair value 3.24 (Fair Value Uncertainty: HIGH)
– EPS applied to reach the current stock price (3.27): 0.302
- Moreover, Sunway’s integrated construction-property business model should give them an edge in terms of execution
- 9M14 locked-in property sales of MYR951m (accounting for just Sunway’s effective stake in some JVs) met 73% of its MYR1.3b internal target for 2014. Unbilled sales were MYR2.1b at end-Sep 2014.
- Sunway’s construction division has, YTD, secured MYR881m worth of works – all internal. This has lifted its outstanding order book to MYR3.3b at end-Sep 2014 (67% external). Management maintains its MYR2.5b job win target for FY14 (including internal construction contracts).
Latest Financial – Q3 2014 Financial Report (18 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1797693
At the time of writing, I did not own shares of SUNWAY.
http://lcchong.wordpress.com
SUNWAY Analysis:-
Excel – http://1drv.ms/1uGWB8o
My View:-
- Fair value:
– Absolute EY%:
– Trailing:
– FY13 (EPS: 0.3) – Fair value 3.25 (Fair Value Uncertainty: HIGH)
– R4Q (EPS: 0.91) – Fair value 9.86 (Fair Value Uncertainty: LOW)
– Forward:
– FY14 (EPS: 0.274) – Fair value 2.97 (Fair Value Uncertainty: HIGH)
– FY15 (EPS: 0.299) – Fair value 3.24 (Fair Value Uncertainty: HIGH)
– EPS applied to reach the current stock price (3.27): 0.302
- Moreover, Sunway’s integrated construction-property business model should give them an edge in terms of execution
- 9M14 locked-in property sales of MYR951m (accounting for just Sunway’s effective stake in some JVs) met 73% of its MYR1.3b internal target for 2014. Unbilled sales were MYR2.1b at end-Sep 2014.
- Sunway’s construction division has, YTD, secured MYR881m worth of works – all internal. This has lifted its outstanding order book to MYR3.3b at end-Sep 2014 (67% external). Management maintains its MYR2.5b job win target for FY14 (including internal construction contracts).
Latest Financial – Q3 2014 Financial Report (18 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1797693
At the time of writing, I did not own shares of SUNWAY.
http://lcchong.wordpress.com
