$KLSE-LWSABAH

30.9.2024 TTM

Net Profit
= (28,121+7,496)×4÷5
= 28,493.6

Total Equity
= (125,510+60,866)
= 186,376

D/E
= (82,557+3,820+20,405+857)÷186,376
= 0.577539

ROE
= 100×28,493.6÷186,376
= 15.288235

ROIC
= 15.288235÷(1+0.577537)
= 9.691206

Net Asset Per Share
= 186,376÷473,180
= RM 0.393880

EPS
= 28,493.6÷473,180
= 0.060217

Intrinsic Value (ROICARP)
= 9.691206×0.060217
= 0.583578

IPO @ RM 0.65

Intrinsic Value is subjected to the Financial Performance Result.

Target Price and Fair Value are subjected to the individual thought.

Fair Value & Target Price ≠ Intrinsic Value

But in the long possible run, the quoted price and intrinsic value converge to each other pretty closely.