Bangchak Sriracha Public Company Limited

DB:JAV2 Stock Report

Market Cap: €713.9m

Bangchak Sriracha Valuation

Is JAV2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JAV2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JAV2 (€0.19) is trading below our estimate of fair value (€0.83)

Significantly Below Fair Value: JAV2 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for JAV2?

Key metric: As JAV2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JAV2. This is calculated by dividing JAV2's market cap by their current revenue.
What is JAV2's PS Ratio?
PS Ratio0.1x
Sales฿237.21b
Market Cap฿25.96b

Price to Sales Ratio vs Peers

How does JAV2's PS Ratio compare to its peers?

The above table shows the PS ratio for JAV2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
VBK Verbio
0.5x7.7%€710.2m
CE2 CropEnergies
0.8x-14.0%€1.0b
VH2 Friedrich Vorwerk Group
1.2x10.2%€538.0m
ETG EnviTec Biogas
0.9xn/a€452.9m
JAV2 Bangchak Sriracha
0.1x-6.2%€26.0b

Price-To-Sales vs Peers: JAV2 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.9x).


Price to Sales Ratio vs Industry

How does JAV2's PS Ratio compare vs other companies in the European Oil and Gas Industry?

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.2x-1.3%
JAV2 Bangchak Sriracha
0.1x-6.2%US$747.96m
JAV2 0.1xIndustry Avg. 1.2xNo. of Companies28PS012345+
29 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.2x6.6%
JAV2 Bangchak Sriracha
0.1x94.9%US$747.96m
No more companies

Price-To-Sales vs Industry: JAV2 is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Oil and Gas industry average (1.2x).


Price to Sales Ratio vs Fair Ratio

What is JAV2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JAV2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: JAV2 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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