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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.4x - 0.4x | 0.4x |
Selected Fwd Ps Multiple | 0.4x - 0.4x | 0.4x |
Fair Value | 25.83฿ - 28.55฿ | 27.19฿ |
Upside | 3.3% - 14.2% | 8.8% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
A.J. Plast Public Company Limited | - | SET:AJ |
Thantawan Industry Public Company Limited | - | SET:THIP |
Thai O.P.P. Public Company Limited | - | SET:TOPP |
S. Pack & Print Public Company Limited | - | SET:SPACK |
Thai Metal Drum Manufacturing Public Company Limited | - | SET:TMD |
Thai Coating Industrial Public Company Limited | - | SET:TCOAT |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
AJ | THIP | TOPP | SPACK | TMD | TCOAT | |||
SET:AJ | SET:THIP | SET:TOPP | SET:SPACK | SET:TMD | SET:TCOAT | |||
Historical Sales Growth | ||||||||
5Y CAGR | 2.8% | 7.2% | 1.4% | 4.0% | -1.9% | -2.3% | ||
3Y CAGR | -5.5% | 4.4% | 2.3% | 1.1% | -6.2% | -1.4% | ||
Latest Twelve Months | 3.2% | 25.4% | 8.0% | 6.0% | 3.2% | 0.0% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 0.9% | 9.4% | 6.6% | 3.4% | 17.6% | 0.7% | ||
Prior Fiscal Year | -4.8% | 8.4% | 7.1% | 1.4% | 17.6% | 0.5% | ||
Latest Fiscal Year | -9.2% | 7.7% | 6.5% | 4.3% | 17.9% | 0.5% | ||
Latest Twelve Months | -9.2% | 7.7% | 6.5% | 4.3% | 17.9% | 0.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -41.6x | 3.6x | 2.1x | 5.4x | 3.1x | 5.6x | ||
Price / LTM Sales | 0.2x | 0.6x | 0.5x | 0.3x | 2.0x | 0.4x | ||
LTM P/E Ratio | -1.9x | 7.2x | 8.4x | 7.4x | 11.1x | 75.0x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.2x | 0.5x | 2.0x | |||||
Historical LTM P/S Ratio | 0.3x | 0.4x | 0.4x | |||||
Selected Price / Sales Multiple | 0.4x | 0.4x | 0.4x | |||||
(x) LTM Sales | 689 | 689 | 689 | |||||
(=) Equity Value | 268 | 282 | 296 | |||||
(/) Shares Outstanding | 10.5 | 10.5 | 10.5 | |||||
Implied Value Range | 25.53 | 26.88 | 28.22 | |||||
FX Rate: THB/THB | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 25.53 | 26.88 | 28.22 | 25.00 | ||||
Upside / (Downside) | 2.1% | 7.5% | 12.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AJ | THIP | TOPP | SPACK | TMD | TCOAT | |
Value of Common Equity | 1,408 | 2,385 | 930 | 420 | 3,675 | 263 | |
(/) Shares Outstanding | 596.5 | 90.0 | 6.0 | 300.0 | 150.0 | 10.5 | |
Implied Stock Price | 2.36 | 26.50 | 155.00 | 1.40 | 24.50 | 25.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.36 | 26.50 | 155.00 | 1.40 | 24.50 | 25.00 | |
Trading Currency | THB | THB | THB | THB | THB | THB | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |