EFORCE (0065) : EFORCE – Fundamental Analysis (26 Nov 2014)

EFORCE (0065) : EFORCE – Fundamental Analysis (26 Nov 2014)

EFORCE Analysis:-

Excel – http://1drv.ms/1yeFjSl

My View:-

- Fair values:
  – 5-Y DCF:
    – Good Scenario: 0.59 (Fair value uncertainty: HIGH)
    – Base Scenario: 0.53 (Fair value uncertainty: VERY HIGH)
    – Bad Scenario: 0.47 (Fair value uncertainty: EXTREME)
    – Ugly Scenario: 0.43 (Fair value uncertainty: EXTREME)
  – Absolute EY%:
      – Trailing:
      – FY13 (EPS: 0.034) – Fair value 0.46 (Fair Value Uncertainty: EXTREME)
      – R4Q (EPS: 0.039) – Fair value 0.52 (Fair Value Uncertainty: VERY HIGH)
      – Forward:
      – FY14 (EPS: 0.038) – Fair value 0.52 (Fair Value Uncertainty: VERY HIGH)
      – FY15 (EPS: 0.043) – Fair value 0.58 (Fair Value Uncertainty: VERY HIGH)
      – EPS applied to reach the current stock price (0.61): 0.045
- This is another good stock I consider to buy, but I am just not sure about its growth drivers because Malaysia market in stock trading is not as big as US/Europe.

Latest Financial – Q3 2014 Financial Report (21 Nov 2014) http://www.bursamalaysia.com/market/listed-companies/company-announcements/1802125

At the time of writing, I did not own shares of EFORCE.

http://lcchong.wordpress.com