According to my research, the intrinsic value of F&N is RM17.85 per share. To achieve a safety of margin for the investment, I use to buy a company's share when its market price is 20% in discount to its intrinsic value, so the target price of F&N is RM14.28.
The excel modelling for F&N is a little bit complicated than the previous excel file for Nestle, as this time I calculated the 5-year Beta of F&N based on its fluctuation for past 5-year daily prices against the daily fluctuation for the KLCI index.
F&N
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