Soleh Ahmad's comment on SAMAIDEN. All Comments

Soleh Ahmad
2 Like · Reply
Net profit 1m, PE 71. Totally overvalued
William Kong
come on PE 71 is based on one qr only, assume you take 4 qr same eps, 0.0194 x 4, PE would be around 18.
1 Like · 3 years · translate
Chow Wai Chon
Bro, if you factor in the 115millon contract from Btm, the PE for the next QR sure will drop less than 20
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Kong Ming Deng
@chow u sure? Do your calculation please
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Sian Jin Low
William Kong, the pe 71 is not based on one qr
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William Kong
chow 115m is contract value not net profit, somemore the work only can be completed in 2 to 3 years.
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Sian Jin Low
1.94 eps is already based on previous qr before listing, if you want estimate, you should use this current qr eps times 4
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Sian Jin Low
Current qr eps 0.69x4 is 2.76
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Sian Jin Low
Then 1.38 divide by 0.0276 =pe 50
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Sian Jin Low
It means assume that next three qr also hv same profit, current pe also 50, very high.
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William Kong
hmm yalor, how about if you factor in the new project? assume 20% profit margin of the project for 2 years. Every quarter profit can get additional about 3m on average.
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Sian Jin Low
Need to calculate again, but actually the problem is samaiden's profit margin very weak
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Sian Jin Low
I doubt that can it get additional 3mil every quarter.
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Chow Wai Chon
New contract= 115m
estimate profit margin= 10%
estimate profit= 11.5m
2year to complete= 5.75m per year.
5.75m = 0.026 Eps (1 year)
Current Qr eps 0.69 x 4= 0.0276
current eps + new contract eps= 0.054
Estimate Forward PE 2021 = 25
My own estimation only. No buy sell call
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1 Like · 3 years · translate
Fong Jun Jie
overvalued ah? then how bout cypark? seems super undervalued.. both consider same segment..
1 Like · 3 years · translate
Soleh Ahmad
I just said it's overvalued at this moment. If u guys want to talk until 2021 Q4, ofcourse it can be fair value at that time. Take a look at Solarvest, profit higher than Samaiden but PE is lower
Like · 3 years · translate
Soleh Ahmad
But market now dont care about valuation, they follow trend goreng only, so who knows Samaiden share price still can go up again
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