LB Aluminium Bhd (KLSE:LBALUM)

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Price: 0.5 MYR -0.99%

Market Cap: 217.4m MYR

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Section:

Relative Value

The Relative Value of one LBALUM stock under the Base Case scenario is 1.36 MYR. Compared to the current market price of 0.5 MYR, LB Aluminium Bhd is Undervalued by 63%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

LBALUM Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.2

P/S

vs History	87
vs Industry	85

Median 5Y

0.3

Industry

1.7

More Details

5.9

P/E

vs History	53
vs Industry	21

Median 5Y

6.6

Industry

15.3

More Details

6.9

P/OCF

vs History	14
vs Industry	28

Median 5Y

-2.3

Industry

More Details

Negative

P/FCFE

vs History
vs Industry	14

Median 5Y

5.6

Industry

15.1

More Details

0.5

P/B

vs History	36
vs Industry	68

Median 5Y

0.5

Industry

1.4

More Details

0.4

EV/S

vs History	93
vs Industry	80

Median 5Y

0.5

Industry

2.1

More Details

N/A

EV/GP

vs History
vs Industry	59

Median 5Y

Industry

7.2

More Details

4.4

EV/EBITDA

vs History	87
vs Industry	22

Median 5Y

5.9

Industry

9.9

More Details

5.2

EV/EBIT

vs History	87
vs Industry	20

Median 5Y

7.9

Industry

12.5

More Details

13.1

EV/OCF

vs History	14
vs Industry	26

Median 5Y

-4.8

Industry

10.3

More Details

Negative

EV/FCFF

vs History
vs Industry	20

Median 5Y

-5.4

Industry

More Details

0.6

EV/IC

vs History	42
vs Industry	65

Median 5Y

0.6

Industry

1.3

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
MY	L	LB Aluminium Bhd KLSE:LBALUM	219.6m MYR	0.2	5.9	4.4	5.2
CN		Aluminum Corporation of China Ltd SSE:601600	123.5B CNY	0.6	11.9	6.7	6.7
IN		Hindalco Industries Ltd NSE:HINDALCO	1.3T INR	0.6	10.7	5.9	8
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	14.7B USD	0.5	10.3	6	6
CN	C	China Hongqiao Group Ltd HKEX:1378	107.8B HKD	0.7	5.6	3.1	3.1
NO		Norsk Hydro ASA OSE:NHY	127.3B NOK	0.7	94.9	4.7	10.2
US		Alcoa Corp NYSE:AA	9.8B USD	0.9	-33.6	11.7	37.9
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	39.8B MYR	2.7	25.8	15.4	21.4
CN		Yunnan Aluminium Co Ltd SZSE:000807	47.6B CNY	0.9	9	6.6	6.6
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	45.6B CNY	1.5	9.5	6.3	6.3
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	36.1B CNY	1.3	9.9	11	11

				Revenue Growth	P/S to Growth
MY	L	LB Aluminium Bhd KLSE:LBALUM	Average P/S: 1 0.2	N/A	N/A
CN		Aluminum Corporation of China Ltd SSE:601600	0.6	3%	0.2
IN		Hindalco Industries Ltd NSE:HINDALCO	0.6	7%	0.1
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	0.5	3%	0.2
CN	C	China Hongqiao Group Ltd HKEX:1378	0.7	6%	0.1
NO		Norsk Hydro ASA OSE:NHY	0.7	3%	0.2
US		Alcoa Corp NYSE:AA	0.9	7%	0.1
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	2.7	5%	0.5
CN		Yunnan Aluminium Co Ltd SZSE:000807	0.9	9%	0.1
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	1.5	10%	0.1
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	1.3	9%	0.1

				Earnings Growth	PEG
MY	L	LB Aluminium Bhd KLSE:LBALUM	Average P/E: 19.3 5.9	N/A	N/A
CN		Aluminum Corporation of China Ltd SSE:601600	11.9	25%	0.5
IN		Hindalco Industries Ltd NSE:HINDALCO	10.7	15%	0.7
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	10.3	25%	0.4
CN	C	China Hongqiao Group Ltd HKEX:1378	5.6	21%	0.3
NO		Norsk Hydro ASA OSE:NHY	94.9	63%	1.5
US		Alcoa Corp NYSE:AA	Negative Multiple: -33.6	N/A	N/A
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	25.8	23%	1.1
CN		Yunnan Aluminium Co Ltd SZSE:000807	9	22%	0.4
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	9.5	13%	0.7
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	9.9	28%	0.4

				EBITDA Growth	EV/EBITDA to Growth
MY	L	LB Aluminium Bhd KLSE:LBALUM	Average EV/EBITDA: 7.4 4.4	N/A	N/A
CN		Aluminum Corporation of China Ltd SSE:601600	6.7	27%	0.2
IN		Hindalco Industries Ltd NSE:HINDALCO	5.9	12%	0.5
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	6	27%	0.2
CN	C	China Hongqiao Group Ltd HKEX:1378	3.1	14%	0.2
NO		Norsk Hydro ASA OSE:NHY	4.7	9%	0.5
US		Alcoa Corp NYSE:AA	11.7	65%	0.2
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	15.4	13%	1.2
CN		Yunnan Aluminium Co Ltd SZSE:000807	6.6	24%	0.3
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	6.3	33%	0.2
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	11	38%	0.3

				EBIT Growth	EV/EBIT to Growth
MY	L	LB Aluminium Bhd KLSE:LBALUM	Average EV/EBIT: 11.1 5.2	N/A	N/A
CN		Aluminum Corporation of China Ltd SSE:601600	6.7	15%	0.4
IN		Hindalco Industries Ltd NSE:HINDALCO	8	14%	0.6
CN	A	Aluminum Corp of China Ltd OTC:ALMMF	6	15%	0.4
CN	C	China Hongqiao Group Ltd HKEX:1378	3.1	19%	0.2
NO		Norsk Hydro ASA OSE:NHY	10.2	24%	0.4
US		Alcoa Corp NYSE:AA	37.9	N/A	N/A
MY		Press Metal Aluminium Holdings Bhd KLSE:PMETAL	21.4	19%	1.1
CN		Yunnan Aluminium Co Ltd SZSE:000807	6.6	16%	0.4
CN		Shandong Nanshan Aluminium Co Ltd SSE:600219	6.3	21%	0.3
CN		Tianshan Aluminum Group Co Ltd SZSE:002532	11	23%	0.5

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LB Aluminium Bhd
KLSE:LBALUM

Relative Value

Valuation Multiples

Multiples Across Competitors

LBALUM Competitors Multiples
LB Aluminium Bhd Competitors

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Price Target

LB Aluminium Bhd KLSE:LBALUM

Relative Value

Valuation Multiples

Multiples Across Competitors

LBALUM Competitors Multiples LB Aluminium Bhd Competitors

See Also

Company

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LB Aluminium Bhd
KLSE:LBALUM

LBALUM Competitors Multiples
LB Aluminium Bhd Competitors