Mega First Corporation Bhd (KLSE:MFCB)

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Price: 4.35 MYR 1.4%

Market Cap: 4.1B MYR

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Section:

Relative Value

The Relative Value of one MFCB stock under the Base Case scenario is 4.76 MYR. Compared to the current market price of 4.35 MYR, Mega First Corporation Bhd is Undervalued by 9%.

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?

MFCB Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

3.2

P/S

vs History	53
vs Industry	23

Median 5Y

3.2

Industry

1.7

Forward

2.9

More Details

9.6

P/E

vs History	53
vs Industry	51

Median 5Y

9.4

Industry

15.2

Forward

More Details

6.9

P/OCF

vs History	65
vs Industry	33

Median 5Y

Industry

More Details

5.6

P/FCFE

vs History	98
vs Industry	40

Median 5Y

9.2

Industry

13.8

More Details

1.2

P/B

vs History	65
vs Industry	44

Median 5Y

1.3

Industry

1.4

More Details

3.2

EV/S

vs History	63
vs Industry	38

Median 5Y

3.6

Industry

2.8

Forward

More Details

EV/GP

vs History	65
vs Industry	44

Median 5Y

7.4

Industry

7.5

More Details

7.1

EV/EBITDA

vs History	63
vs Industry	53

Median 5Y

7.4

Industry

10.5

Forward

6.1

More Details

7.1

EV/EBIT

vs History	73
vs Industry	62

Median 5Y

7.9

Industry

14.9

Forward

7.7

More Details

7.1

EV/OCF

vs History	65
vs Industry	50

Median 5Y

7.6

Industry

11.1

More Details

9.3

EV/FCFF

vs History	65
vs Industry	32

Median 5Y

9.9

Industry

16.4

More Details

EV/IC

vs History	60
vs Industry	27

Median 5Y

Industry

0.9

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	M	Mega First Corporation Bhd KLSE:MFCB	4.1B MYR	3.2	9.6	7.1	7.1
CN		China Yangtze Power Co Ltd SSE:600900	667B CNY	8.1	22.4	20.8	20.8
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	896.4T IDR	95.7	518.8	132.4	132.4
CN		Huaneng Lancang River Hydropower Inc SSE:600025	169.6B CNY	6.9	21.9	22.4	22.4
IN		Adani Green Energy Ltd NSE:ADANIGREEN	1.7T INR	15.5	147.7	25.3	34.4
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	131.4B CNY	4.7	19.6	22.5	22.5
CN		China Longyuan Power Group Corp Ltd HKEX:916	139.8B HKD	3.5	25.2	22.2	22.2
ES	E	EDP Renovaveis SA ELI:EDPR	11.4B EUR	3.4	22.6	12.8	12.8
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	81.2B CNY	52.4	16.3	248.5	248.5
IN		NHPC Ltd NSE:NHPC	795.2B INR	8.3	22	21.5	28.5
NZ		Meridian Energy Ltd NZX:MEL	15.2B NZD	3.1	35.5	24	24

				Revenue Growth
MY	M	Mega First Corporation Bhd KLSE:MFCB	Average P/S: 18.6 3.2	16%
CN		China Yangtze Power Co Ltd SSE:600900	8.1	17%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	95.7	N/A
CN		Huaneng Lancang River Hydropower Inc SSE:600025	6.9	28%
IN		Adani Green Energy Ltd NSE:ADANIGREEN	15.5	179%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	4.7	55%
CN		China Longyuan Power Group Corp Ltd HKEX:916	3.5	23%
ES	E	EDP Renovaveis SA ELI:EDPR	3.4	35%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	52.4	32%
IN		NHPC Ltd NSE:NHPC	8.3	99%
NZ		Meridian Energy Ltd NZX:MEL	3.1	-3%

				Earnings Growth
MY	M	Mega First Corporation Bhd KLSE:MFCB	Average P/E: 78.3 9.6	23%
CN		China Yangtze Power Co Ltd SSE:600900	22.4	37%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	518.8	N/A
CN		Huaneng Lancang River Hydropower Inc SSE:600025	21.9	44%
IN		Adani Green Energy Ltd NSE:ADANIGREEN	147.7	369%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	19.6	44%
CN		China Longyuan Power Group Corp Ltd HKEX:916	25.2	-42%
ES	E	EDP Renovaveis SA ELI:EDPR	22.6	120%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	16.3	31%
IN		NHPC Ltd NSE:NHPC	22	74%
NZ		Meridian Energy Ltd NZX:MEL	35.5	34%

				EBITDA Growth
MY	M	Mega First Corporation Bhd KLSE:MFCB	Average EV/EBITDA: 50.8 7.1	13%
CN		China Yangtze Power Co Ltd SSE:600900	20.8	69%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	132.4	N/A
CN		Huaneng Lancang River Hydropower Inc SSE:600025	22.4	90%
IN		Adani Green Energy Ltd NSE:ADANIGREEN	25.3	210%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	22.5	204%
CN		China Longyuan Power Group Corp Ltd HKEX:916	22.2	27%
ES	E	EDP Renovaveis SA ELI:EDPR	12.8	325%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	248.5	1 677%
IN		NHPC Ltd NSE:NHPC	21.5	130%
NZ		Meridian Energy Ltd NZX:MEL	24	81%

				EBIT Growth
MY	M	Mega First Corporation Bhd KLSE:MFCB	Average EV/EBIT: 52.3 7.1	10%
CN		China Yangtze Power Co Ltd SSE:600900	20.8	27%
ID	B	Barito Renewables Energy PT Tbk IDX:BREN	132.4	N/A
CN		Huaneng Lancang River Hydropower Inc SSE:600025	22.4	41%
IN		Adani Green Energy Ltd NSE:ADANIGREEN	34.4	259%
CN		China Three Gorges Renewables Group Co Ltd SSE:600905	22.5	51%
CN		China Longyuan Power Group Corp Ltd HKEX:916	22.2	22%
ES	E	EDP Renovaveis SA ELI:EDPR	12.8	169%
CN		Sichuan Chuantou Energy Co Ltd SSE:600674	248.5	805%
IN		NHPC Ltd NSE:NHPC	28.5	148%
NZ		Meridian Energy Ltd NZX:MEL	24	20%

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Mega First Corporation Bhd
KLSE:MFCB

Relative Value

Valuation Multiples

Multiples Across Competitors

MFCB Competitors Multiples
Mega First Corporation Bhd Competitors

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Company

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52 Week Range	3.42 5.0277
Price Target

Mega First Corporation Bhd KLSE:MFCB

Relative Value

Valuation Multiples

Multiples Across Competitors

MFCB Competitors Multiples Mega First Corporation Bhd Competitors

See Also

Company

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Mega First Corporation Bhd
KLSE:MFCB

MFCB Competitors Multiples
Mega First Corporation Bhd Competitors