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Cortina Holdings Ltd
SGX:C41

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Cortina Holdings Ltd
SGX:C41
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Price: 3.55 SGD -0.28% Market Closed
Market Cap: S$587.8m

P/B

1.3
Current
2%
Cheaper
vs 3-y average of 1.4

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
1.3
=
Market Cap
S$594.4m
/
Total Equity
S$442.5m

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
1.3
=
Market Cap
S$594.4m
/
Total Equity
S$442.5m

Valuation Scenarios

Cortina Holdings Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (1.4), the stock would be worth S$3.63 (2% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-8%
Maximum Upside
+13%
Average Upside
4%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.3 S$3.55
0%
3-Year Average 1.4 S$3.63
+2%
5-Year Average 1.5 S$4.03
+13%
Industry Average 1.4 S$3.8
+7%
Country Average 1.2 S$3.25
-8%

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 Distribution

In line with most companies in Singapore
Percentile
58th
Based on 580 companies
58th percentile
1.3
Low
0 — 0.8
Typical Range
0.8 — 1.9
High
1.9 —
Distribution Statistics
Singapore
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 1.9
Max 474.4

Cortina Holdings Ltd
Glance View

Market Cap
587.8m SGD
Industry
Retail

Cortina Holdings Ltd. engages in the distribution and trade of watches. The company employs 584 full-time employees The company went IPO on 2002-07-26. The firm is focused on providing management services to its subsidiaries and associates. The Company’s segments and the types of products and services include Retail, Wholesale, and Others. The Retail segment is involved in retailing of timepiece, branded pens and accessories. The Wholesale segment is involved in wholesale of timepiece and luxury branded accessories. The Others operations include provision of other support services. The firm is a distributor of Franck Muller in over 13 countries across Asia Pacific, and host a collection of international brands, including Bell & Ross, Bvlgari, Cartier, Chopard, H Moser, Parmigiani, Longines, MontBlanc, Omega, Patek Philippe, Rolex, TAG Heuer and Greuber Forsey, among others. Its subsidiaries include Cortina Watch HK Limited, Cortina Watch Pte Ltd, Cortina Watch (Indochina) Pte Ltd and Cortina Watch TW Pte Ltd.

C41 Intrinsic Value
7.33 SGD
Undervaluation 52%
Intrinsic Value
Price S$3.55
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