Relative Value

The Relative Value of one P9D stock under the Base Case scenario is 1.21 SGD. Compared to the current market price of 1.15 SGD, Civmec Ltd is Undervalued by 5%.

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.

P9D Relative Value
Base Case
1.21 SGD
Undervaluation 5%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
63
Median 3Y
0.5
Median 5Y
0.5
Industry
0.9
Forward
0.8
vs History
3
vs Industry
55
Median 3Y
7.9
Median 5Y
7.9
Industry
16.2
Forward
14.5
vs History
22
vs Industry
50
Median 3Y
4.6
Median 5Y
4.9
Industry
9.1
vs History
3
vs Industry
40
Median 3Y
10.2
Median 5Y
10
Industry
14.9
vs History
9
vs Industry
53
Median 3Y
1
Median 5Y
1
Industry
1.3
vs History
3
vs Industry
62
Median 3Y
0.6
Median 5Y
0.6
Industry
1.1
Forward
0.9
vs History
3
vs Industry
45
Median 3Y
4.6
Median 5Y
4.6
Industry
5.5
vs History
3
vs Industry
56
Median 3Y
5
Median 5Y
5
Industry
9.9
Forward
8
vs History
3
vs Industry
55
Median 3Y
6
Median 5Y
6
Industry
12.7
Forward
10.4
vs History
22
vs Industry
50
Median 3Y
4.9
Median 5Y
5.2
Industry
10.5
vs History
6
vs Industry
41
Median 3Y
5.5
Median 5Y
5.5
Industry
12.8
vs History
6
vs Industry
51
Median 3Y
0.7
Median 5Y
0.7
Industry
0.9

Multiples Across Competitors

P9D Competitors Multiples
Civmec Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Civmec Ltd
SGX:P9D
584.8m SGD 0.8 16.1 9 11.9
FR
Vinci SA
PAR:DG
67.3B EUR 0.9 14.1 6.6 9.6
US
Quanta Services Inc
NYSE:PWR
65B USD 2.4 63.8 29.2 45.9
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 2.1 34.3 21.6 25.5
IN
Larsen and Toubro Ltd
F:LTO
51B EUR 2 33.2 21 24.8
NL
Ferrovial SE
AEX:FER
41.4B EUR 4.4 12.3 35 51.5
ES
Ferrovial SA
MAD:FER
41.4B EUR 4.4 12.3 35 51.5
US
Comfort Systems USA Inc
NYSE:FIX
34.2B USD 4.1 40.8 26.7 30.1
CN
China State Construction Engineering Corp Ltd
SSE:601668
212.4B CNY 0.1 4.8 10.8 10.8
DE
Hochtief AG
XETRA:HOT
25.6B EUR 0.7 30 13.1 19.4
US
EMCOR Group Inc
NYSE:EME
27.9B USD 1.7 24.7 16.1 17.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Civmec Ltd
SGX:P9D
Average EV/EBITDA: 20.4
9
12%
0.8
FR
Vinci SA
PAR:DG
6.6
6%
1.1
US
Quanta Services Inc
NYSE:PWR
29.2
21%
1.4
IN
Larsen & Toubro Ltd
NSE:LT
21.6
18%
1.2
IN
Larsen and Toubro Ltd
F:LTO
21
18%
1.2
NL
Ferrovial SE
AEX:FER
35
10%
3.5
ES
Ferrovial SA
MAD:FER
35
10%
3.5
US
Comfort Systems USA Inc
NYSE:FIX
26.7
25%
1.1
CN
C
China State Construction Engineering Corp Ltd
SSE:601668
10.8
11%
1
DE
H
Hochtief AG
XETRA:HOT
13.1
4%
3.3
US
EMCOR Group Inc
NYSE:EME
16.1
11%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Civmec Ltd
SGX:P9D
Average EV/EBIT: 27.2
11.9
14%
0.9
FR
Vinci SA
PAR:DG
9.6
7%
1.4
US
Quanta Services Inc
NYSE:PWR
45.9
23%
2
IN
Larsen & Toubro Ltd
NSE:LT
25.5
21%
1.2
IN
Larsen and Toubro Ltd
F:LTO
24.8
21%
1.2
NL
Ferrovial SE
AEX:FER
51.5
12%
4.3
ES
Ferrovial SA
MAD:FER
51.5
12%
4.3
US
Comfort Systems USA Inc
NYSE:FIX
30.1
26%
1.2
CN
C
China State Construction Engineering Corp Ltd
SSE:601668
10.8
7%
1.5
DE
H
Hochtief AG
XETRA:HOT
19.4
4%
4.9
US
EMCOR Group Inc
NYSE:EME
17.9
11%
1.6