Relative Value

The Relative Value of one IX2 stock under the Base Case scenario is 0.46 SGD. Compared to the current market price of 0.84 SGD, PEC Ltd is Overvalued by 45%.

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.

IX2 Relative Value
Base Case
0.46 SGD
Overvaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
58
Median 3Y
0.3
Median 5Y
0.3
Industry
0.9
vs History
1
vs Industry
32
Median 3Y
11.7
Median 5Y
8.7
Industry
16
vs History
47
vs Industry
48
Median 3Y
5.1
Median 5Y
4.6
Industry
9
vs History
30
vs Industry
40
Median 3Y
4.4
Median 5Y
4.2
Industry
14.9
vs History
0
vs Industry
55
Median 3Y
0.5
Median 5Y
0.5
Industry
1.3
vs History
0
vs Industry
80
Median 3Y
0.1
Median 5Y
0
Industry
1.1
vs History
0
vs Industry
82
Median 3Y
0.3
Median 5Y
0
Industry
5.5
vs History
0
vs Industry
68
Median 3Y
0.9
Median 5Y
0.1
Industry
9.9
vs History
6
vs Industry
61
Median 3Y
2.1
Median 5Y
1.2
Industry
12.7
vs History
19
vs Industry
58
Median 3Y
1.3
Median 5Y
0.3
Industry
10.3
vs History
0
vs Industry
48
Median 3Y
0.3
Median 5Y
-0.7
Industry
12.7
vs History
0
vs Industry
70
Median 3Y
0.1
Median 5Y
0
Industry
0.9

Multiples Across Competitors

IX2 Competitors Multiples
PEC Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
PEC Ltd
SGX:IX2
214.1m SGD 0.5 15.7 2.5 4.3
FR
Vinci SA
PAR:DG
67.5B EUR 0.9 14.2 6.6 9.7
US
Quanta Services Inc
NYSE:PWR
63.9B USD 2.4 62.8 28.8 45.2
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 2.1 34 21.4 25.3
IN
Larsen and Toubro Ltd
F:LTO
52.5B EUR 2 33.8 21.3 25.2
NL
Ferrovial SE
AEX:FER
40B EUR 4.3 11.9 34 50
ES
Ferrovial SA
MAD:FER
40B EUR 4.3 11.9 34 50
US
Comfort Systems USA Inc
NYSE:FIX
33.4B USD 4 39.9 26.1 29.4
CN
China State Construction Engineering Corp Ltd
SSE:601668
212.8B CNY 0.1 4.8 10.8 10.8
DE
Hochtief AG
XETRA:HOT
25.4B EUR 0.7 29.7 13.1 19.3
US
EMCOR Group Inc
NYSE:EME
27.6B USD 1.7 24.4 15.9 17.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
PEC Ltd
SGX:IX2
Average EV/EBITDA: 19.5
2.5
N/A N/A
FR
Vinci SA
PAR:DG
6.6
6%
1.1
US
Quanta Services Inc
NYSE:PWR
28.8
21%
1.4
IN
Larsen & Toubro Ltd
NSE:LT
21.4
18%
1.2
IN
Larsen and Toubro Ltd
F:LTO
21.3
18%
1.2
NL
Ferrovial SE
AEX:FER
34
9%
3.8
ES
Ferrovial SA
MAD:FER
34
9%
3.8
US
Comfort Systems USA Inc
NYSE:FIX
26.1
25%
1
CN
C
China State Construction Engineering Corp Ltd
SSE:601668
10.8
11%
1
DE
H
Hochtief AG
XETRA:HOT
13.1
5%
2.6
US
EMCOR Group Inc
NYSE:EME
15.9
11%
1.4