I agreed with you Investorz88, the big 4 should work together to reduce the production and up the ASP, make the demand more than supply will do, anyway work or not must see how well the big 4 Chinese Tycoon could work together or not? don't happened pull leg at behind will do
This stock only playing by retailers, bankers or sharks all scare away. No big money cannot move as smart money as the name said, won't coming in and help all the retailers to take profits. Can temporally put away this stock, even contra you will lost in short terms
This stock has too many attention, banker will not like this kind of stocks, all only playing by retailers ikan bilis makan each other, big ikan bilis makan small ikan bilis. wait till it out from everyone eyes then just buy lo
DNEX everyone knew his good news, everyone bought at very low value price, so any sense bankers or big sharks will help to pull the price high just to let retailers take profits at this time?, make sense right?
Data Point Source Value Valuation Model 2 Stage Free Cash Flow to Equity Levered Free Cash Flow Extrapolated from most recent financials. See below Discount Rate (Cost of Equity) See below 9.8% Perpetual Growth Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.6% An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Calculation of Discount Rate/ Cost of Equity for KLSE:PA Data Point Calculation/ Source Result Risk-Free Rate 5-Year Average of MY Long-Term Govt Bond Rate 3.6% Equity Risk Premium S&P Global 5.9% Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06 Re-levered Beta = 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))] = 0.33 + [(0.66 * 1.064) * (1 + (1 - 24.0%) (1.38%))] 1.05 Levered Beta Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) 1.05 Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 3.62% + (1.05 * 5.88%) 9.79% Discounted Cash Flow Calculation for KLSE:PA using 2 Stage Free Cash Flow to Equity
The calculations below outline how an intrinsic value for P.A. Resources Berhad is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
KLSE:PA DCF 1st Stage: Next 10 years cash flow forecast Levered FCF (MYR, Millions) Source Present Value Discounted (@ 9.79%) 2022 20.17 Est @ 83.21% 18.37 2023 32.14 Est @ 59.33% 26.66 2024 45.84 Est @ 42.62% 34.63 2025 60.01 Est @ 30.92% 41.3 2026 73.66 Est @ 22.73% 46.16 2027 86.17 Est @ 17% 49.19 2028 97.36 Est @ 12.98% 50.62 2029 107.27 Est @ 10.17% 50.79 2030 116.07 Est @ 8.21% 50.06 2031 124 Est @ 6.83% 48.71 Present value of next 10 years cash flows MYR416 KLSE:PA DCF 2nd Stage: Terminal Value Calculation Result Terminal Value FCF2031 × (1 + g) ÷ (Discount Rate – g) = MYR124.003 x (1 + 3.62%) ÷ (9.79% - 3.62% ) MYR2,080.89 Present Value of Terminal Value = Terminal Value ÷ (1 + r)10 MYR2,081 ÷ (1 + 9.79%)10 MYR817.39 KLSE:PA Total Equity Value Calculation Result Total Equity Value = Present value of next 10 years cash flows + Terminal Value = MYR416 + MYR817 MYR1,233.39 Equity Value per Share (MYR) = Total value / Shares Outstanding = MYR1,233 / 1,242 MYR0.99 KLSE:PA Discount to Share Price Calculation Result Value per share (MYR) From above. MYR0.99 Current discount Discount to share price of MYR0.41 = (MYR0.99 - MYR0.41) / MYR0.99 58.2%