ALAM (5115) – Fundamental Analysis (24 Dec 2014)
ALAM Analysis:-
Excel – http://1drv.ms/1Hy57ui
Notes – http://tinyurl.com/q8zkjcv
My View:-
Valuation:
Absolute EY%
Trailing:
FY13 (EPS: 0.094) – Fair value 1.13 (Fair Value Uncertainty: MEDIUM)
R4Q (EPS: 0.072) – Fair value 0.88 (Fair Value Uncertainty: MEDIUM)
Forward:
FY14 (EPS: 0.087) – Fair value 1.05 (Fair Value Uncertainty: MEDIUM)
FY15 (EPS: 0.098) – Fair value 1.19 (Fair Value Uncertainty: MEDIUM)
EPS applied to reach the current stock price (0.68): 0.056
Absolute PE
FY13 (EPS: 0.094) – Fair value 0.9 (Fair Value Uncertainty: MEDIUM)
R4Q (EPS: 0.072) – Fair value 0.7 (Fair Value Uncertainty: HIGH)
Earnings of ALAM have been highly erratic and unpredictable.
ALAM is highly leveraged.
Lower vessel utilisation rates will be lower in light of the volatile/weak oil price environment.
I will give it a pass.
Latest Financial – Q3 2015 Financial Report (20 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800009
At the time of writing, I did not own shares of ALAM.
http://lcchong.wordpress.com
ALAM Analysis:-
Excel – http://1drv.ms/1Hy57ui
Notes – http://tinyurl.com/q8zkjcv
My View:-
Valuation:
Absolute EY%
Trailing:
FY13 (EPS: 0.094) – Fair value 1.13 (Fair Value Uncertainty: MEDIUM)
R4Q (EPS: 0.072) – Fair value 0.88 (Fair Value Uncertainty: MEDIUM)
Forward:
FY14 (EPS: 0.087) – Fair value 1.05 (Fair Value Uncertainty: MEDIUM)
FY15 (EPS: 0.098) – Fair value 1.19 (Fair Value Uncertainty: MEDIUM)
EPS applied to reach the current stock price (0.68): 0.056
Absolute PE
FY13 (EPS: 0.094) – Fair value 0.9 (Fair Value Uncertainty: MEDIUM)
R4Q (EPS: 0.072) – Fair value 0.7 (Fair Value Uncertainty: HIGH)
Earnings of ALAM have been highly erratic and unpredictable.
ALAM is highly leveraged.
Lower vessel utilisation rates will be lower in light of the volatile/weak oil price environment.
I will give it a pass.
Latest Financial – Q3 2015 Financial Report (20 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800009
At the time of writing, I did not own shares of ALAM.
http://lcchong.wordpress.com