Datapulse Fundamental & Intrinsic Value

Datapulse is not a sexy stock but it is a good stock to collect dividend.

Base on Q2, 2009 financial report:

• PE = 11
• Dividend Yield = 8%
• NAV = $0.1187
• Net Earning = 22.1%
• Current Ratio = 3.75
• ROA = 13.4% (Base on 2008 Full Year)
• ROE = 17.5% (base on 2008 Full Year)
• Cash Flow = S$43.5Million (10.3% increase with reference to 2008 Full Year)

Stock Background

• 3 years historal high = $0.32
• Current Price = $0.25 (78% of 3 years high)

Intrinsic Value Calculation

• EPS Annual Growth = 8.9% (from 2004A to 2009F)
• Discount Rate = 5%
• Intrinsic Value = $0.33 (24% Discount of Current Price to Intrinsic Value)