Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Icon Offshore Berhad, an investment holding company, provides offshore marine services to the oil and gas related industries in Malaysia and Brunei. It offers ownership, leasing, and chartering of vessels; ship management services; spot charter services; and rig management services to oil and gas industries. The company provides offshore supply vessel services, which includes transportation for oilfield supplies, equipment, and offshore personnel, such as anchor handling, towing, mooring, rig towing, support pipe laying, accommodation workboat and catering, firefighting, seismic operations, safety standby rescue, oil pollution control, and drilling operations. It operates various types of vessels, including anchor handling tug and supply, accommodation workboat, straight supply, and platform support vessels. The company was formerly known as Kota Bayu Ekuiti Berhad and changed its name to Icon Offshore Berhad in October 2012. The company was founded in 1994 and is headquartered in Kuala Lumpur, Malaysia. Icon Offshore Berhad operates as a subsidiary of Liannex Corporation Sdn. Bhd.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI
Target Price
The average target price of 5255.KL is 1.6 and suggests 11% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to d
Buy
Sell