Anbz, we shared your experience, expertise, and happiness. But maybe lets come back to this forum and share the analysis and report of kfima only instead of showing personal portfolios. Ppl here are also intelligent enough to judge what to hold and what to sell. Happy investing
Undervalue! Cash rich ! Get our 8 cents dividen at the end of the month ....wait for Fimacorp to ex date its bonus n split ! KFima will be wonderfully rewarded too...
Discount Cash Flow Analysis Valuation on KFIMA 8/14/2014
Table 6.1: Assumptions Current stock price $2.31 Share outstanding (Mil) 273,497 This year FCF (Avg last 7 years) $55,567 Next year's FCF (mil) $60,013 Growth for the next 5 and 10 years 8.0% 3% Teminal growth rate, g 3.00% Discount rate, R 10.0%
Table 6.2: DCFA PV of FCFF of core operations $1,009,000 Non-operating cash $242,798 Investment in Properties $71,805 Investment in Associates $42,906 Debts ($6,159) PV of FCFE $1,360,350 Less minority interest ($298,778) FCFE $911,435 Number of shares 273497 FCF per share $3.33 44% MOS 31%
Intrinsic Value of KFIMA is RM3.33, potential gain of 44%
Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting 0.5% growth in KFIMA free cashflow for the rest of its life which is very unlikely.
@coolio the last 2years kfima was loaded with capex, par down the FCF, following years more $$ will be generated., I choose discount rate r:15 percent due to poor section fr tuna area., coming forward bulking will take the lead in $$ generation...., my 0.2 cts
KFIMA has got plenty of cash to weather through the storm, unless they are meddle with risky investment/M&A, I'll be revaluate again. These days, cash is definitely king/queen.
KFima at 35 cents? It must be many yrs ago. You are great in catching KFima at unbelievable low price. My entry price is 1.50 in 2010. The return till today is so so only. I do not hold a lot as I have a concern in its mgt team with full "horses".......... Thks.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2960 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yfchong
5,820 posts
Posted by yfchong > 2014-07-29 19:29 | Report Abuse
Go back to the basic the secret to successful investing is to figure out the value of something and then pay a lot less., fr j greenblatt