UKboy wrote: mono wrote:UKboy, i don't get your point.
Dear mono,
Last year they made 722 million and this year they made Rs 2.1 billions
Last year they had 128 million shares & now it is 1937 million.
Last year EPS 4.5 & this year EPS0.87
So how come people think this is an undervalued share & should be trading around Rs 20.00...?
I'm just doing a valuation based on Year Ended Results; So not talking abt the company performance much..
Facts taken - Sector PE is for plantations taken as 8,24 as reported by NDB reports. And for diversified Sectro PE = 25.06.
NAMU EPS = 17.23
While Rubber has contributed much to the bottom line, Oil Palm expectation was hindered.
So compared to 2010, we're seeing much lesser contribution from Oil Palm.
Sector Valuation - 17.23*8.24 = 141.97
Current PE = 132/17.23 = 7.66 still undervalued..
Share holders Fund = 1311.07 Mn
ROE = 409.33/1311.07 = 31.2%
KGALEPS = 33.66
Compared to last year a decline of cost of sales to be clearly seen with the revenue growth.
Rev/COS in 2011 = 1.64 Bn compared to 1.26 Bn in 2010.
Declaration of final Dividend of Rs. 12.5Mn (Rs. 0.50 per share).
Revenue on Rubber is 1.96 Bn and its a 53.1% increase compared to 2010.
But risen finance cost was a bit issue.
Sector Valuation - 33.66*8.24 = 277-/
Current PE = 221/33.66 = 6.56 way undervalued..
Share holders Fund = 2409.4 Mn
ROE = 837.75 / 2409.4 = 34.7%
RICHDiluted EPS = 0.84
Revenue = 27.2 Bn
Equity Holders = 1.68 Bn
No of shares = 1.94 Bn
The company has declared a final dividend of Rs.0.10 per share for the financial year ended
31st March 2011.
Employees Provident Fund has entered with 5.12% stake
Sector Valuation - 0.84*25.06 = 21/-
Share holders Fund = 5002.93 Mn
ROE = 2140.52/5002.93 = 42.7%
Conclusion;
Totally disappointed with NAMU.
Fingers crossed on KGAL Price..
Given a 30% discount to sector even RICH is worth 14.7/- Now whose sayin RICH is still not worth 20???