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Top Glove Corporation Bhd
SGX:BVA

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Top Glove Corporation Bhd
SGX:BVA
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Price: 0.245 SGD 6.52% Market Closed
Market Cap: S$2B

P/OCF

13.1
Current
71%
Cheaper
vs 3-y average of 45.4

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
13.1
=
Market Cap
S$4.4B
/
Operating Cash Flow
459m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
13.1
=
Market Cap
S$4.4B
/
Operating Cash Flow
459m

Valuation Scenarios

Top Glove Corporation Bhd is trading below its 3-year average

If P/OCF returns to its 3-Year Average (45.4), the stock would be worth S$0.85 (247% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-18%
Maximum Upside
+247%
Average Upside
88%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 13.1 S$0.25
0%
3-Year Average 45.4 S$0.85
+247%
5-Year Average 29.4 S$0.55
+125%
Industry Average 13.1 S$0.25
+0%
Country Average 10.8 S$0.2
-18%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
MY
Top Glove Corporation Bhd
SGX:BVA
6B SGD 13.1 43.3
US
Medline Inc
NASDAQ:MDLN
58.8B USD 0 0
JP
Hoya Corp
TSE:7741
9.7T JPY 38.4 38.6
CH
Alcon AG
SIX:ALC
29.2B CHF 16.1 37.3
DK
Coloplast A/S
CSE:COLO B
94.7B DKK 13.7 23.5
US
Align Technology Inc
NASDAQ:ALGN
13.5B USD 22.8 33
UK
ConvaTec Group PLC
LSE:CTEC
4.3B GBP 12.2 32.7
CA
Bausch + Lomb Corp
NYSE:BLCO
5.6B USD 19.7 -15.5
JP
Asahi Intecc Co Ltd
TSE:7747
890.2B JPY 22 50.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
36.7B CNY 26.3 23.3
KR
HLB Inc
KOSDAQ:028300
8T KRW -86.1 -36.2
P/E Multiple
Earnings Growth PEG
MY
T
Top Glove Corporation Bhd
SGX:BVA
Average P/E: 35.3
43.3
37%
1.2
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
JP
Hoya Corp
TSE:7741
38.6
15%
2.6
CH
Alcon AG
SIX:ALC
37.3
32%
1.2
DK
Coloplast A/S
CSE:COLO B
23.5
21%
1.1
US
Align Technology Inc
NASDAQ:ALGN
33
34%
1
UK
ConvaTec Group PLC
LSE:CTEC
32.7
41%
0.8
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -15.5 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
50.3
40%
1.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
23.3
9%
2.6
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -36.2 N/A N/A

Market Distribution

Lower than 84% of companies in Malaysia
Percentile
16th
Based on 372 companies
16th percentile
4.3
Low
0.4 — 6.5
Typical Range
6.5 — 18.1
High
18.1 —
Distribution Statistics
Malaysia
Min 0.4
30th Percentile 6.5
Median 10.8
70th Percentile 18.1
Max 44 044.5

Top Glove Corporation Bhd
Glance View

Nestled in the bustling industrial landscape of Malaysia, Top Glove Corporation Bhd has emerged as a pivotal player in the global healthcare supply chain. Founded in 1991 by Tan Sri Dr. Lim Wee Chai, what began as a modest enterprise with a singular production line has transformed into the world's largest manufacturer of gloves. The company’s remarkable journey is powered by its commitment to innovation, stringent quality control, and a relentless drive to expand its production capacity. With operations spanning several countries, Top Glove’s manufacturing capabilities cater to a variety of glove types, including latex, nitrile, and vinyl, addressing the diverse needs of healthcare professionals across the globe. Top Glove operates on a high-volume, low-margin business model, allowing it to thrive in an industry that demands both reliability and cost-effectiveness. The company generates revenue by selling its products to an extensive network of distributors, healthcare institutions, and retailers worldwide. Its strategic approach to cost management and supply chain efficiency enables Top Glove to maintain competitive pricing while ensuring significant profit margins. By continuously investing in technology upgrades and expanding its production facilities, Top Glove ensures it remains at the forefront of the glove manufacturing sector, adeptly navigating the vicissitudes of global health trends and economic cycles.

BVA Intrinsic Value
0.229 SGD
Overvaluation 6%
Intrinsic Value
Price S$0.245
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