2020 fair value for Supermax

i  did a calculation on the TopGlove fair value at https://moneynology.blogspot.com/2020/06/2020-topglove-fair-value.html

now i am gonna using the same method to find the fair value for Supermax.

According toSupermax, the current glove Capacity is 26.1billion.(6.525 per quarter ), 2Q20 report showed revenue is 385m So, 0.385/6.525 =0.059 per piece.

Boss said will increase price. Analyst said will be 30% . For conservative calculation, I assume they increase 20% on May, June and July. So, 0.059 x 20%  = 0.0118 extra per piece.

My Profit Forecast for 2020/2021 = 0.0118 x 26.1billion pieces =  308million Ringgit.  (this is extra profit from the 20% increased of price)

we need to add with the profit before price increased. on 2Q20 profit is 30million. 4 quarter will be 120million.

As a result, My estimation total profit for 2020/21 will be 308m + 120m = 428million Ringgit

428 million / 1360million of shares = 0.3147 eps.

 Assume PE = 30, 0.3147 x 30 = RM9.44