Fundamental Value
$Oceanus (579.SG)$ Set out below are 2 basic metrics to gauge the fundamental value of Oceanus.
1. Historical PE of 50x based on share price of $0.015 and FY2021 EPS of $0.0003.
2. Market Capitalization of $364.5Mil versus Net Equity or Net Book Value of $33.2Mil. Or simply the current price of $0.015 is trading at 10 times its book value.
NB : the NBV could possibly be understated as the Company owns a large farm related real estate in China which was recorded at historical book value.
1. Historical PE of 50x based on share price of $0.015 and FY2021 EPS of $0.0003.
2. Market Capitalization of $364.5Mil versus Net Equity or Net Book Value of $33.2Mil. Or simply the current price of $0.015 is trading at 10 times its book value.
NB : the NBV could possibly be understated as the Company owns a large farm related real estate in China which was recorded at historical book value.
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102818458 Kaylie : Long story short... Mean??
Stirling OP 102818458 Kaylie : While the absolute share price appears low, it is not cheap. If you buy not based on fundamental, then you have to rely on speculation.
Butcher71 : That also means they need to grow the EPS
000000000 Butcher71 : given the low net margin, EPS will remain low, or even negative with market uncertainties.
ph2046 Stirling OP : Conclusion? sell , buy , hold?
TP?
Stirling OP : If you want the price to go up, need to wait for BB and probably this BB is inner circle or insiders. If looking at fundamental, put your fund into fundamental stock like blue chips, or even alibaba, when the tide turns the funds that come in will lift you up.
Butcher71 000000000 : No doubt it’s low margin now, just have to be forward looking - when food demand totally outstrip supply in time to come, Oceanus will have its day IMO. Then we can finally reap the rewards. Now it’s a long waiting game.
000000000 Butcher71 : not worth the wait. opportunity costs and company stocks too diluted.
Butcher71 000000000 : Actually depends on how u look at it, small and limited downside, but upside unknown. Small investment of few k, and leave it there forever.
teo ho 101661850 : look like side way 1.4 to 1.6 a few week. Next month will have better picture n BB will be buying up
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