OLDTOWN Analysis:-
Excel – http://1drv.ms/1vrjb5H
My View:-
- Fair value:
– 5Y DCF:
– Base Scenario (10%): 1.58 (Fair Value Uncertainty: VERY HIGH)
– Good Scenario (14%): 1.79 (Fair Value Uncertainty: HIGH)
– Bad Scenario (6%): 1.40 (Fair Value Uncertainty: EXTREME)
– As OLDTOWN aggresively expending its business, I think its FCF growth will be moderate.
– This shows that OLDTOWN is overvalued or fully valued.
– Absolute EY%
– Trailing:
– FY14 (EPS: 0.108) – Fair value 1.92 (Fair Value Uncertainty: HIGH)
– R4Q (EPS: 0.107) – Fair value 1.91 (Fair Value Uncertainty: HIGH)
– Forward:
– FY15 (EPS: 0.118) – Fair value 2.1 (Fair Value Uncertainty: MEDIUM)
– FY16 (EPS: 0.135) – Fair value 2.41 (Fair Value Uncertainty: LOW)
– EPS applied to reach the current stock price (1.85): 0.104
– This model shows that OLDTOWN is currently undervalued.
- In my opinion, downside of OLDTOWN is protected by its FCF, while its growth drivers secure its future earnings.
- Nevertheless, I personally dislike OLDTOWN because of its poor service and food quality.
Latest Financial – Q1 2015 Financial Report (27 Aug 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1722993
At the time of writing, I did not own shares of OLDTOWN.
http://lcchong.wordpress.com/2014/09/30/oldtown-fundamental-analysis-30-sept-2014/
Chart | Stock Name | Last | Change | Volume |
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Created by Tan KW | Nov 04, 2024
Created by Tan KW | Nov 04, 2024
Created by Tan KW | Nov 04, 2024
Eric29
Its food was ok famous for it nasi lemak but staff cuz maybe foreigner dey dun give gd service
2014-09-30 22:18