Hongguo’s Fundamental & Intrinsic Value
Base on Q2, 2009 financial report:
- PE = 5.8
- Dividend Yield = 4.3%
- NAV = $0.3438
- Net Earning = 7.8% (12% in 2008)
- Current Ratio = 3.72
- ROA = 13.6% (Base on 2008 Full Year)
- ROE = 18.5% (base on 2008 Full Year)
- Cash Flow = S$46.3Million (103% increase with reference to 2008 Full Year)
Stock Background
- 3 years historal high = $1.46
- Current Price = $0.31 (only 21% of 3 years high)
Intrinsic Value Calculation
- EPS Annual Growth = 12% (from 2004A to 2009F)
- Discount Rate = 5%
- Intrinsic Value = $0.73 (58% Discount of Current Price to Intrinsic Value)