Friday, 19 Feb 2021 02:24 PM MYT
BY ALEXANDER WONG
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
KUALA LUMPUR, Feb 19 ― If you missed the last two rounds of PS5 pre-order, here’s another chance for you to get your hands on latest Sony gaming console. Sony Malaysia has announced that its third batch of pre-orders for the PlayStation 5 will be available from 00:01 today, February 19, 2021.
Since we are still in the middle of the MCO, there won’t be any walk-in pre-orders like the last round. This time, the pre-order is happening exclusively online.
To secure your unit, Sony Malaysia says you can check out the official Sony Official Store on Lazada. According to their Facebook post, you can also check with their authorised dealers for more pre-order info. During this period, Whatsapp-to-buy will not be available for the gaming console. Sony also added that the PS5 accessory or peripherals are limited to one per console per order.
Alternatively, several Shopee Malaysia preferred retailers are also offering pre-orders for the PS5 as well. This include Otakuya which is accepting pre-orders from 12.00am, while retailer Impulse Gaming will offer their PS5 pre-order at 12.00pm.
To recap, the PS5 Digital Edition is priced at RM1,869 while the Ultra HD Blu-ray version is priced at RM2,299. Below is the price list for the PS5 accessories:
DualSense Wireless Controller ― RM349
Pulse 3D wireless headset ― RM469
HD Camera ― RM279
Media Remote ― RM149
DualSense Charging Station ― RM149 ― SoyaCincau
© 2021, Malay Mail, All Rights Reserved.
Nvidia: Quantitatively Speaking Still Overvalued – Seeking Alpha
Justin Sullivan/Getty Images News
This is my first article about NVIDIA (NASDAQ:NVDA). I readily admit that I do not fully understand the specifics of the company and what investors see hidden in it. Therefore, at this stage, I offer a comprehensive, quantitative analysis of the company’s fundamental value.
The easiest way to get a first idea of the adequacy of the company’s current price is to look at the dynamics of its capitalization in the context of the dynamics of key results. As a rule, this allows you to identify persistent regressions.
Based on the long-term relationship between the revenue TTM absolute size and the company’s capitalization, NVIDIA’s current price is somewhat overvalued:
The same is true for the relationship based on the EPS TTM absolute size:
On the other side, over the past seven years, NVIDIA has shown a direct relationship between the rate of revenue growth and its P/S multiple. It should be noted that there is no similar qualitative relationship between EPS and earnings growth rate. In my opinion, this means that the rate of revenue growth is now a key driver of capitalization.
In the context of the last model, the company is now also overvalued. But more importantly, the expectation of a decrease in the revenue growth rate indicates a potential decrease in the P/S multiple in the coming quarters.
So, having determined that revenue is a key driver of company capitalization, we can build a general model that determines the company’s balanced price:
Under this approach, NVIDIA’s modeled capitalization is lower than the actual one within about two standard deviations. And the nearest forecast also does not justify the current price of the company.
Using elements of machine learning, I analyzed many options for comparative assessment of NVIDIA through multiples. As a result, I found only three models that allow a more or less reasonable judgment of the relative value of the company. To my surprise, all of these models are based on growth-adjusted multiples. This suggests that growth is a determining factor in the level of NVIDIA multiples.
A comparative valuation of NVIDIA through the forward P/E (next FY) to growth multiple indicates that the company is undervalued by 18%. But the quality of this model is not high enough:
Judging by the proposed multiples, I cannot make an unambiguous conclusion. The only thing that can be stated is that the company’s growth rate is a determining factor in the level of NVIDIA multiples. The slowdown should significantly reduce the level of its multiples.
When predicting NVIDIA’s revenue for the next ten years, I proceeded from the average expectations of analysts. According to consensus forecasts, in the next decade, the company’s annual revenue will exceed $160 billion.
NVIDIA’s operating margin has reached 35% in the last quarter. This is close to the historical maximum of the company. But the model is based on the assumption that the operating margin over the next 10 years will gradually decline to 30% in the terminal year. This is a standard approach based on the likely increase in competition.
Here is the calculation of the Weighted Average Cost of Capital:
Here’s the model itself:
(in high resolution)
The DCF-based target price of NVIDIA’s shares is $233, offering 12% downside. At the same time, in my opinion, I considered a relatively positive scenario for the future development of the company.
Looking at NVIDIA in the context of free cash flow, I want to draw your attention to one important indicator – the free cash flow yield. It shows how much the company generates free cash flow per dollar of its market price.
Free Cash Flow Yield = Free Cash Flow TTM / Market Capitalization
I compared this figure of NVIDIA with other technology companies and closest competitors. Alas, the company’s figure is the lowest:
The free cash flow that NVIDIA generates for every dollar of its capitalization is about 1%. This is lower than the US 10-year treasury yield. I don’t even compare with inflation. In general, this is a wake-up call for an investor.
From October to November last year, NVIDIA’s share price rose nearly 80%. During this period, two gaps were recorded. These gaps have defined strong support levels. And the first of these levels seems to have already been broken. In my opinion, before the level of the second support is reached, it is premature to talk about the completion of the correction.
I do not share the optimism of those who believe that NVIDIA is an extremely attractive investment at its current price. I won’t jump to conclusions about the company’s long-term potential just yet, but it’s highly likely that the decline will continue in the short term.
This article was written by
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Sony's PlayStation Direct initiative will let lucky users buy 'limited' PS5 stock – TechRadar
How to Watch UCLA vs. Utah in Men's College Basketball: Live Stream, TV Channel, Start Time – CalBearsMaven
UCLA is 4-0 on the road this season and won four of its last five game against Utah. The Utes will need to play their best game of the season to have a chance at beating the Bruins.
How to Watch UCLA vs. Utah in College Basketball Today:
Game Date: Jan. 20, 2022
Game Time: 11:00 p.m. ET
TV: FOX Sports 1
Live stream the UCLA vs. Utah game on fuboTV: Start with a 7-day free trial!
Utah (8-10, 1-7) lost in heartbreaking fashion against Arizona State in its last game. The Sun Devils hit a shot with 4.6 seconds remaining in the game to win 64-62.
Three players scored in double figures, but the Utes have struggled on the offensive end the entire season. They have failed to score more than 70 points in five straight games. However, Utah will get a boost when leading scorer Branden Carlson, who is sidelined with an ankle injury, returns to the lineup.
Meanwhile, UCLA (11-2, 3-1) has been nearly impossible to beat since its loss to No. 1 Gonzaga in November. The only loss the Bruins have suffered came last Thursday in overtime against Oregon. They bounced back with an 81-65 win over Oregon State last Saturday, trailing for less than a minute in the game.
Johnny Juzang leads UCLA with 17.2 points and 5.1 rebounds per game. The Bruins have been without Jaime Jaquez Jr., who is questionable for this contest.
Regional restrictions may apply.
How To?2 months ago
Register now for winter-spring 2022 ORICL courses – Oak Ridge Today
How To?2 months ago
News blog, November 18: Nearly all restrictions to stop from 11.59pm; an Everest challenge for a good cause – Shepparton News
Mobile2 weeks ago
Pixel 6 looks to debut the Gboard ‘Assistant voice typing’ experience first demoed at I/O 2019 – 9to5Google
How To?2 months ago
How to use technology in your life? – The Times of India Blog
Games1 month ago
Coin-Op Management Sim Arcade Paradise Teases Minigames in PS5, PS4 Trailer – Push Square
Games2 months ago
Amazon Games switches off New World's entire economy after players discover duping glitch – PC Gamer
Tech3 months ago
Facebook is now Meta! Metaverse good or bad?
Mobile3 months ago
Google Pixel 6 and 6 Pro hands-on