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Sri Lanka Equity Forum » Stock Market Talk » A QUICK COMPARISON of Plantation Stocks (Valuation Guide)

A QUICK COMPARISON of Plantation Stocks (Valuation Guide)

Go down  Message [Page 1 of 1]

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics
Mkt Price EPS (last 4Qs) PER (last 4Qs) P/BV MP@ PER"10" Discount % MP@ PER"8" Discount %
MAL 9.80 2.21 4.42 1.24 22.15 55.8 17.72 44.7
HOPL 68.80 13.03 5.28 1.63 130.30 47.2 104.24 34.0
BALA 60.70 10.57 5.74 0.95 105.67 42.6 84.54 28.2
KGAL 200.00 33.51 5.97 2.05 335.10 40.3 268.08 25.4
NAMU 120.00 17.23 6.96 2.17 172.35 30.4 137.88 13.0
ELPL 35.00 4.99 7.02 1.87 49.89 29.8 39.91 12.3
KOTA 176.50 20.88 8.45 2.40 208.84 15.5 167.07 -5.6
AGAL 80.60 9.64 8.36 2.50 96.39 16.4 77.12 -4.5
WATA 25.00 2.71 9.21 2.26 27.15 7.9 21.72 -15.1
KVAL 176.50 13.49 13.08 3.08 134.93 -30.8 107.94 -63.5


Please note:
MAL trade at PER 4.42
HOPL trade at PER 5.28
BALA trade at PER 5.74
KGAL trade at PER 5.97

Well .... can agree that PLANTATION STOCKS are placed in a lower valuation plane ... but can any one justify it should be traded as lower as PER less than 6, MAL trades even less than PER 5 (i.e. PER 4.42).

e.g.
MAL currently trades at PER 4.42
If you agree Plantation Stocks are to traded at PER 10, still MAL discounted about 55%
well ... If Plantation Stocks are to traded at PER 8, still MAL discounted about 45%

Please refer the attached worksheet to do your own calculations & comparisons.... hope it will help you to identify VALUE STOCKS.

Good Luck Very Happy

Attachments
A QUICK COMPARISON of Plantation Stocks (Valuation Guide) AttachmentPlt sec Valuation.xls
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Last edited by factFINDER on Wed Jun 01, 2011 8:57 pm; edited 1 time in total (Reason for editing : to attach the worksheet)

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
I think people will need to be patient with these shares. After august there will most likely be a plantation run. until then the rain & decline of world rubber prices is keeping people away from these shares. atleast that is what i think is going on.

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
+ from me, I like these kind of all-in-one valuations.

To me Plantation sector PE is around 8 and yes MAL is hugely undervalued at current price.

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I highly appriciate your work factfinder. Very informative and useful. thank you.

mark

mark
Expert
Expert

topics merged as necessary.

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Excellent Analysis factFINDER.. still i am learning the plantation sector this will help to me, thanks.

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@factFINDER wrote: Mkt Price EPS (last 4Qs) PER (last 4Qs) P/BV MP@ PER"10" Discount % MP@ PER"8" Discount %
MAL 9.80 2.21 4.42 1.24 22.15 55.8 17.72 44.7
HOPL 68.80 13.03 5.28 1.63 130.30 47.2 104.24 34.0
BALA 60.70 10.57 5.74 0.95 105.67 42.6 84.54 28.2
KGAL 200.00 33.51 5.97 2.05 335.10 40.3 268.08 25.4
NAMU 120.00 17.23 6.96 2.17 172.35 30.4 137.88 13.0
ELPL 35.00 4.99 7.02 1.87 49.89 29.8 39.91 12.3
KOTA 176.50 20.88 8.45 2.40 208.84 15.5 167.07 -5.6
AGAL 80.60 9.64 8.36 2.50 96.39 16.4 77.12 -4.5
WATA 25.00 2.71 9.21 2.26 27.15 7.9 21.72 -15.1
KVAL 176.50 13.49 13.08 3.08 134.93 -30.8 107.94 -63.5


Please note:
MAL trade at PER 4.42
HOPL trade at PER 5.28
BALA trade at PER 5.74
KGAL trade at PER 5.97

Well .... can agree that PLANTATION STOCKS are placed in a lower valuation plane ... but can any one justify it should be traded as lower as PER less than 6, MAL trades even less than PER 5 (i.e. PER 4.42).

e.g.
MAL currently trades at PER 4.42
If you agree Plantation Stocks are to traded at PER 10, still MAL discounted about 55%
well ... If Plantation Stocks are to traded at PER 8, still MAL discounted about 45%

Please refer the attached worksheet to do your own calculations & comparisons.... hope it will help you to identify VALUE STOCKS.

Good Luck Very Happy


Thanks for information!

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@factFINDER wrote: Mkt Price EPS (last 4Qs) PER (last 4Qs) P/BV MP@ PER"10" Discount % MP@ PER"8" Discount %
MAL 9.80 2.21 4.42 1.24 22.15 55.8 17.72 44.7
HOPL 68.80 13.03 5.28 1.63 130.30 47.2 104.24 34.0
BALA 60.70 10.57 5.74 0.95 105.67 42.6 84.54 28.2
KGAL 200.00 33.51 5.97 2.05 335.10 40.3 268.08 25.4
NAMU 120.00 17.23 6.96 2.17 172.35 30.4 137.88 13.0
ELPL 35.00 4.99 7.02 1.87 49.89 29.8 39.91 12.3
KOTA 176.50 20.88 8.45 2.40 208.84 15.5 167.07 -5.6
AGAL 80.60 9.64 8.36 2.50 96.39 16.4 77.12 -4.5
WATA 25.00 2.71 9.21 2.26 27.15 7.9 21.72 -15.1
KVAL 176.50 13.49 13.08 3.08 134.93 -30.8 107.94 -63.5


Please note:
MAL trade at PER 4.42
HOPL trade at PER 5.28
BALA trade at PER 5.74
KGAL trade at PER 5.97

Well .... can agree that PLANTATION STOCKS are placed in a lower valuation plane ... but can any one justify it should be traded as lower as PER less than 6, MAL trades even less than PER 5 (i.e. PER 4.42).

e.g.
MAL currently trades at PER 4.42
If you agree Plantation Stocks are to traded at PER 10, still MAL discounted about 55%
well ... If Plantation Stocks are to traded at PER 8, still MAL discounted about 45%

Please refer the attached worksheet to do your own calculations & comparisons.... hope it will help you to identify VALUE STOCKS.

Good Luck Very Happy


Thanks for your effort which is very helpful

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

At the first instance the attachement was not properly attached. Then I tried again, but both were published.

widanage


Senior Equity Analytic
Senior Equity Analytic
@factFINDER wrote:

e.g.
MAL currently trades at PER 4.42
If you agree Plantation Stocks are to traded at PER 10, still MAL discounted about 55%
well ... If Plantation Stocks are to traded at PER 8, still MAL discounted about 45%


MAL.N is a one of the favorite shares of mine and it is trading at a discount. I quit on 120s and entered again 9.80-10.20 range.

However, I believe that Malwatte is a lousy company. They earn money but very greedy to give a better dividend. Last year 2009 there EPS is 14+ (as I remember) and the dividend was only a Rs 1.00 payout is less than 10% (Isn't this greedy) without any expansion plans.

This year (2010) EPS is 18.90 (or 1.90) but yet to declare a dividend. 1Q earnings are out and EPS is around 40 cents. Though they have this big plan to embark on a tourism project in Maldives. They should at least give 50 cents for their shareholders. It is Rs 5.00 in previous terms. I do not know whether greedy board will agree to this...

If they do.. That will be delightful news for you and me...

StocksWatch

StocksWatch
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@factFinder, thanks for this, really helpful to have this comparison in one excel sheet. + rep for your hard work.

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