Discount Cash Flow Analysis
Valuation on TASCO 8/14/2014

Table 6.1: Assumptions
Current stock price $3.62
Share outstanding (Mil) 100,000
This year FCF (Avg last 3 years) $22,122
Next year's FCF (mil) $23,891
Growth for the next 5 and 10 years 8.0% 5%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $428,000
Non-operating cash $22,600
Fixed deposits with licenced banks $29,861
Investment in Associates $4,183
Debts ($24,165)
PV of FCFE $460,479
Less minority interest ($14)
FCFE $460,465
Number of shares 100000
FCF per share $4.60
MOS 21%

Intrinsic Value of TASCO is RM4.60, potential gain of 27%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting 3% growth in TASCO free cashflow for the rest of its life. So, What do you think?

i thought better to have a bird in hand than 2 in the bush..hehe

KSL and TASCO chasing each other...hehehe

well said stkoay

hahhaa...dead fish?? as long as fundamental still intact, buy more at lower price loh

retrace before move up further..hehe

lets wait for the quaterly report,I'm sure it will be excellent. Hope after that not sell on news.

yes yes yes

better dont sell loh..still undervalue

hehehe..another DSONIC or INARI...

heheh...stkoay..just cant believe!!!

:)

heheh..me too..

ada panas sikit liao looohh

kt888, i dont call it TP, i call it intrinsic value or fair value, it is Rm1.44

hahhaa..i bought this counter at 0.40 sep last year with 100% paper gain now and i'm still holding..., it is still undervalue based on DFCA, that is why i'm still holding this counter.

Discount Cash Flow Analysis
Valuation on MAGNI 5/8/2014

Table 6.1: Assumptions
Current stock price $3.06
Share outstanding (Mil) 108488
This year FCF (avg 2 years) $26,755
Next year's FCF (mil) $28,093
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 3.00%
Discount rate, R 10.0%

Table 6.2: DCFA

PV of FCFF of core operations $429,000
Non-operating cash $49,279
Investment in Properties $124
Investment Securities $22,795
Debts $0
PV of FCFE $501,198
Less minority interest ($28)
FCFE $501,170
Number of shares 108488
FCF per share $4.62 76%
MOS 43%

Intrinsic Value of Magni is RM4.62, potential gain of 76%

Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting ZERO growth in MAGNI free cashflow for the rest of its life. Does this make sense for an excellent company like Magni?

Discount Cash Flow Analysis
Valuation on HEXZA 8/5/2014

Table 6.1: Assumptions
Current stock price $0.81
Share outstanding (Mil) 200,380
This year FCF $13,890
Next year's FCF (mil) $14,585
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 1.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $195,000
Non-operating cash $73,404
Investment in Properties $0
Investment in Associates $0
Debts $0
PV of FCFE $268,404
Less minority interest ($134) 0.05%
FCFE $268,270
Number of shares 200380
FCF per share $1.34 65%
MOS 39%

Intrinsic Value of Hexza is RM1.34, potential gain of 65%!

huaaaaaaaaaaaatttttttttt aaaaaaaaaaaaaaaaaarrrrrrrrr...$$$$$$$$$$$$$$$$$$$$

Discount Cash Flow Model 1
Valuation on MFCB 8/4/2014

Table 6.1: Assumptions
Current stock price $2.26
Share outstanding (Mil) 242,455
This year FCF (avg last 3 years) $75,000
Next year's FCF (mil) $78,750
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 1.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $1,052,000
Non-operating cash $156,635
Investment in Properties $121,363
Investment in Quote share $70,889
Debts ($71,779)
PV of FCFE $1,329,108
Less minority interest ($421,327) 31.70%
FCFE $907,781
Number of shares 242455
FCF per share $3.74 66%
MOS 40%

Intrinsic Value of MFCB is RM3.74. Potential gain of 66%!

Discount Cash Flow Model 1
Valuation on HOMERIZ 8/4/2014

Table 6.1: Assumptions
Current stock price $0.81
Share outstanding (Mil) 200,000
This year FCF (avg last 2 years) $18,295
Next year's FCF (mil) $19,210
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 1.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $257,000
Non-operating cash $34,710
Investment in Properties Nil
Investment in Associates Nil
Debts ($2,671)
PV of FCFE $289,039
Less minority interest ($462) 0.16%
FCFE $288,577
Number of shares 200000
FCF per share $1.44
MOS 44%

Intrinsic Value of Homeritz is RM1.44. Potential gain of 78%!

ehehhe...smile smile

as long as fundamental still intact..dont sell loh

guys..grab before too late

http://klse.i3investor.com/blogs/kcchongnz/49210.jsp

Potential gain of 52%.

Discount Cash Flow Model 1
Valuation on MMODE 8/3/2014

Table 6.1: Assumptions
Current stock price $0.77
Share outstanding (Mil) 162,709
This year FCF (avg last 3 yrs) $10,850
Next year's FCF (mil) $11,393
Growth for the next 5 and 10 years 5.0% 3%
Teminal growth rate, g 1.00%
Discount rate, R 10.0%

Table 6.2: DCFA
PV of FCFF of core operations $152,000
Non-operating cash $40,180
Investment in Properties $0
Investment in Associates $0
Debts ($2,285)
PV of FCFE $189,895
Less minority interest $0 0.00%
FCFE $189,895
Number of shares 162709
FCF per share $1.17 52%
MOS 34%

Laugh laugh.......ha....ha....ha......HA.......HA.........
Red Sea but KSL stand still!!
stkoay..after laught..what else???

that is not high price my friend, this counter is deeply undervalue. good luck!

stkoay...exactly!!

hehe..big smile

hahha..lausai ka..see can bounce back or not tomorrow

coool..fly fly babe

hehe..sephiroth..consider uptrend d loh

brewing..hehee

hope no more ding dong bell

hehhe..i bought mmode at 0.48 with 65% paper gain now. TQ KC, you are no 1.

hehe..climb higher..

heating up

smile smile :)

wahhhh..

Thanks KC, yes I hope one day i will be a successful investor as well.

Yardstick 1: ROE
MFCB reported net profit of 740.5m last year. With its equity of 679571, ROE is about 10.90%. this is above 10%, so it is good.

Yardstick 2: Cash flow and free cash flow
The cash flow from operations (CFFO) for the last year was 122.6m. This is higher than its earnings. After spending in capital expenses, there is a free cash flow (FCF) of 54.3m left. This FCF is good at 8.64% (>>5%) of its revenue.

Yardstick 3: PER
MFCB is trading at 2.32 sen now. With EPS of 33 sen, the PE ratio is only 7.03, or less than 10

Yardstick 4: Dividend yield
MFCB paid a dividend of 7.5 sen for the last financial year, or a dividend yield of 3.2%, about the same as the FD rate which is good.


Yardstick 5: NTA
The net asset backing per share of MFCB is 2.37 compared to its price of 2.32. Price-to-book is at 0.92, less than 1 which is cheap.

MFCB seems to meet all the criteria of Cold Eye as an investment grade stock

MFCB 2.32 19/06/2014
Revenue 628758
1 ROE 10.90% >10% Good
Net profit 107185
Equity 679571
2 Cash flows
CFFO 122604 114% Good
FCF 54323 8.64% Good
3 PE ratio 7.03 <10 Good
Price 2.32
EPS 0.33
4 Dividend yield
Dividend , sen 0.075
Dividend yield 3.2% >3.0%
5 Price/NTA 0.92 <1 Good
NTA 2.37

Yardstick 1: ROE
MFCB reported net profit of 740.5m last year. With its equity of 679571, ROE is about 10.90%. this is above 10%, so it is good.

Yardstick 2: Cash flow and free cash flow
The cash flow from operations (CFFO) for the last year was 122.6m. This is higher than its earnings. After spending in capital expenses, there is a free cash flow (FCF) of 54.3m left. This FCF is good at 8.64% (>>5%) of its revenue.

Yardstick 3: PER
MFCB is trading at 2.32 sen now. With EPS of 33 sen, the PE ratio is only 7.03, or less than 10

Yardstick 4: Dividend yield
MFCB paid a dividend of 7.5 sen for the last financial year, or a dividend yield of 3.2%, about the same as the FD rate which is good.


Yardstick 5: NTA
The net asset backing per share of MFCB is 2.37 compared to its price of 2.32. Price-to-book is at 0.92, less than 1 which is cheap.

MFCB seems to meet all the criteria of Cold Eye as an investment grade stock

MFCB 2.32 19/06/2014
Revenue 628758
1 ROE 10.90% >10% Good
Net profit 107185
Equity 679571
2 Cash flows
CFFO 122604 114% Good
FCF 54323 8.64% Good
3 PE ratio 7.03 <10 Good
Price 2.32
EPS 0.33
4 Dividend yield
Dividend , sen 0.075
Dividend yield 3.2% >3.0%
5 Price/NTA 0.92 <1 Good
NTA 2.37

Thanks KC.
I think total return is more important rather than paying dividend. I prefer the money to be reinvested into business for growth and earn more return in future which is what they are doing now based on the latest quarterly result.

Did I say KLS paid dividend? please look again, and please look at their cash flow statement again!

Yardstick 1: ROE
KSL reported net profit of 181.5m last year. With its equity of 1,289m, ROE is about 14%. this is above 10%, so it is good.

Yardstick 2: Cash flow and free cash flow
The average cash flow from operations (CFFO) for the last two years was 176.4m. This is about the same of its earnings . After spending in capital expenses, there is a free cash flow (FCF) of 161.6m left. This FCF is high at 10% (>>5%) of its revenue.

Yardstick 3: PER
KSL is trading at 2.17 sen now. With EPS of 47 sen, the PE ratio is only 4.6, or less than 10

Yardstick 4: Dividend yield
KSL did not pay Dividend for the last 3 years, with increase of earning from the recent quarterly result, shareholder can hope for dividend this year?

Yardstick 5: NTA
The net asset backing per share of KSL is 3.30 compared to its price of 2.17. Price-to-book is at 0.66, much less than 1 which is cheap.

KSL seems to meet all the criteria of Cold Eye as an investment except for dividend which was not distributed to shareholders.

KSL 2.17 13/06/2014
Revenue 680004
1 ROE 14.08% >10% Good
Net profit 181530
Equity 1289306
2 Cash flows
Av CFFO 176440 97% Neutral
FCF 69803 10% Good
3 PE ratio 4.6 <10 Good
Price 2.17
EPS 0.47
4 Dividend yield
Dividend , sen 0.00
Dividend yield 0% <3.5%
5 Price/NTA 0.66 <1 Good
NTA 3.3

not yet bottom leh..failling knife

Thanks again KC, i bought Latitude at 2.60 two weeks back. Eyeing quiet sometime on the price after your post. Thanks

smile smile:D

be patient.. i have a strong believe that this counter will move up, when? no one knows.. since it is undervalue & strong fundamental, i dont see why anyone should quit if you hold this counter. time will tell