$KLSE-YTLPOWR

YTLPOWR
30.6.2024 TTM

Adjustment
= (-1,933-202,157-34,037+28-3,520+7,519-24,453+555)
= -257,998

Adjusted Net Profit
= 3,464,115-257,998
= 3,206,117

Adjusted EPS @ additional ESOS listing on 19/11/2024
= 3,206,117÷8,267,235
= RM 0.387810

Adjusted Total Equity @ additional ESOS listing on 19/11/2024
= 20,003,371-257,998+7,101,654-7,091,870
= 19,755,157

Adjusted Net Assets Per Shared @ additional ESOS listing on 19/11/2024
= 19,755,157÷8,267,235
= RM 2.389572

Adjusted ROE
= 100×3,206,117÷19,755,157
= 16.229266

Adjusted ROIC
= 100×3,206,117÷(19,755,157+30,378,821+395,206+1,198+20,016+2,009,575+669,368)
= 6.023214

Adjusted Intrinsic Value (ROICARP)
= 6.023214×0.387810
= RM 2.335863

Value is subjected to the Financial Performance Result.

Target Price and Fair Value are subjected to the individual thoughts and assumptions.

Fair Value & Target Price ≠ Intrinsic Value

But in the long possible run, the Quoted Price and Intrinsic Value converge to each other pretty closely.