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Tex Cycle Technology M Bhd
KLSE:TEXCYCL

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Tex Cycle Technology M Bhd
KLSE:TEXCYCL
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Price: 1.07 MYR Market Closed
Market Cap: 300.9m MYR

P/B

1.5
Current
4%
Cheaper
vs 3-y average of 1.5

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.5
=
Market Cap
MYR281.8m
/
Total Equity
193.2m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.5
=
Market Cap
MYR281.8m
/
Total Equity
193.2m

Valuation Scenarios

Tex Cycle Technology M Bhd is trading below its 3-year average

If P/B returns to its 3-Year Average (1.5), the stock would be worth MYR1.11 (4% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-10%
Maximum Upside
+334%
Average Upside
81%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.5 MYR1.07
0%
3-Year Average 1.5 MYR1.11
+4%
5-Year Average 1.4 MYR1.04
-3%
Industry Average 6.3 MYR4.64
+334%
Country Average 1.3 MYR0.97
-10%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
MY
Tex Cycle Technology M Bhd
KLSE:TEXCYCL
281.8m MYR 1.5 12.6
US
Waste Management Inc
NYSE:WM
90.2B USD 9.3 34.3
US
Republic Services Inc
NYSE:RSG
63.2B USD 5.4 30.3
CA
Waste Connections Inc
TSX:WCN
54.6B CAD 5.2 39.8
US
Rollins Inc
NYSE:ROL
26.6B USD 19.8 51.7
US
Veralto Corp
NYSE:VLTO
22.1B USD 7.1 23.3
UK
Rentokil Initial PLC
LSE:RTO
12.6B GBP 2.3 26.6
US
Clean Harbors Inc
NYSE:CLH
16.1B USD 5.8 40.5
CA
GFL Environmental Inc
TSX:GFL
19.4B CAD 2.6 5.1
CN
Spic Yuanda Environmental Protection Co Ltd
SSE:600292
68.8B CNY 13.2 19 002.8
US
Tetra Tech Inc
NASDAQ:TTEK
8.2B USD 4.4 23.2

Market Distribution

In line with most companies in Malaysia
Percentile
53rd
Based on 453 companies
53rd percentile
1.5
Low
0 — 0.8
Typical Range
0.8 — 2.5
High
2.5 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 0.8
Median 1.3
70th Percentile 2.5
Max 2 591.7

Tex Cycle Technology M Bhd
Glance View

Tex Cycle Technology (M) Bhd. The company is headquartered in Klang, Selangor. The company went IPO on 2005-07-27. The Company’s segments include Investment holding, Recovery and recycling services, Manufacturing, Trading and Renewable energy. The Investment holding segment is engaged in investment activities in investment property and unquoted securities held by the Company on a long-term basis. The Recovery and recycling services segment is involved in the provision of waste recovery and recycling services, and rental of recycled products. The Manufacturing is engaged in manufacturing and marketing of chemical products. The Trading segment is involved in trading of chemicals and other products. The Renewable energy segment is engaged in the provision of equipment and consultancy services related to renewable energy. The company is also engaged in rental of investment property segment. Its subsidiaries include Tex Cycle Sdn. Bhd., Metro Koats Technology Sdn. Bhd., Metro Envy Sdn. Bhd. and TC Chemical Sdn. Bhd.

TEXCYCL Intrinsic Value
1.6 MYR
Undervaluation 33%
Intrinsic Value
Price MYR1.07
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