Relative Value

The Relative Value of one IX2 stock under the Base Case scenario is 0.56 SGD. Compared to the current market price of 0.84 SGD, PEC Ltd is Overvalued by 33%.

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
0.56 SGD
Overvaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
58
Median 3Y
0.4
Median 5Y
0.3
Industry
0.9
vs History
12
vs Industry
32
Median 3Y
13.2
Median 5Y
10.5
Industry
15.5
vs History
50
vs Industry
48
Median 3Y
7.4
Median 5Y
4.7
Industry
9
vs History
46
vs Industry
40
Median 3Y
5.6
Median 5Y
5.5
Industry
13.2
vs History
1
vs Industry
55
Median 3Y
0.6
Median 5Y
0.6
Industry
1.2
vs History
1
vs Industry
80
Median 3Y
0.1
Median 5Y
0.1
Industry
1.1
vs History
1
vs Industry
82
Median 3Y
0.5
Median 5Y
0.3
Industry
5.3
vs History
9
vs Industry
68
Median 3Y
1.9
Median 5Y
0.7
Industry
9.5
vs History
22
vs Industry
61
Median 3Y
4.1
Median 5Y
1
Industry
12.2
vs History
31
vs Industry
58
Median 3Y
2.4
Median 5Y
1.1
Industry
10.5
vs History
12
vs Industry
48
Median 3Y
1.2
Median 5Y
0.9
Industry
13.3
vs History
1
vs Industry
70
Median 3Y
0.2
Median 5Y
0.1
Industry
0.8

Multiples Across Competitors

IX2 Competitors Multiples
PEC Ltd Competitors

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
70.4B EUR 1 14.5 6.9 10.1
US
Quanta Services Inc
NYSE:PWR
57.3B USD 2.3 61.6 28.3 44.4
IN
Larsen & Toubro Ltd
NSE:LT
4.8T INR 1.9 32 19.3 22.9
IN
Larsen and Toubro Ltd
F:LTO
47.7B EUR 1.9 31.9 19.3 22.9
ES
Ferrovial SA
MAD:FER
32.5B EUR 3.6 10 29.2 43.6
NL
Ferrovial SE
AEX:FER
32.5B EUR 3.5 10 29.2 43.5
CN
China State Construction Engineering Corp Ltd
SSE:601668
255.1B CNY 0.1 5.5 7.2 7.2
CA
WSP Global Inc
TSX:WSP
37.3B CAD 2.2 53.4 18.8 27.7
US
EMCOR Group Inc
NYSE:EME
25.3B USD 1.7 24.1 16.1 17.8
CN
China Communications Construction Co Ltd
SSE:601800
147.5B CNY 0.2 6.9 15.4 15.4