Thai Beverage Public Company Limited

DB:T6W Stock Report

Market Cap: €9.2b

Thai Beverage Valuation

Is T6W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of T6W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T6W (€0.35) is trading below our estimate of fair value (€0.5)

Significantly Below Fair Value: T6W is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T6W?

Key metric: As T6W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T6W. This is calculated by dividing T6W's market cap by their current earnings.
What is T6W's PE Ratio?
PE Ratio12.7x
Earnings฿26.53b
Market Cap฿337.25b

Price to Earnings Ratio vs Peers

How does T6W's PE Ratio compare to its peers?

The above table shows the PE ratio for T6W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.7x
SWA Schloss Wachenheim
16.1x17.7%€118.0m
SZU Südzucker
6.7x-10.2%€2.3b
KWS KWS SAAT SE KGaA
9.6x-1.0%€1.9b
UNITDSPR United Spirits
74.5x15.9%₹1.1t
T6W Thai Beverage
12.7x8.0%€13.1b

Price-To-Earnings vs Peers: T6W is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (26.7x).

Price to Earnings Ratio vs Industry

How does T6W's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
T6W 12.7xIndustry Avg. 17.2xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: T6W is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Beverage industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is T6W's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

T6W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio21.7x

Price-To-Earnings vs Fair Ratio: T6W is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.7x).

Analyst Price Targets

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

The above table shows the analyst T6W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.35
€0.48
+35.1%
11.5%€0.59€0.41n/a12
Nov ’25€0.34
€0.47
+35.1%
13.4%€0.60€0.37n/a13
Oct ’25€0.36
€0.45
+26.4%
13.0%€0.59€0.36n/a13
Sep ’25€0.35
€0.44
+25.4%
13.0%€0.57€0.35n/a13
Aug ’25€0.34
€0.45
+30.2%
13.0%€0.57€0.35n/a13
Jul ’25€0.30
€0.44
+47.6%
13.2%€0.55€0.34n/a13
Jun ’25€0.33
€0.44
+33.0%
12.8%€0.54€0.34n/a13
May ’25€0.33
€0.45
+39.0%
14.2%€0.56€0.34n/a14
Apr ’25€0.33
€0.46
+39.8%
13.9%€0.56€0.34n/a14
Mar ’25€0.34
€0.46
+34.8%
14.2%€0.57€0.35n/a14
Feb ’25€0.36
€0.50
+39.3%
11.1%€0.61€0.41n/a15
Jan ’25€0.35
€0.50
+41.3%
10.7%€0.62€0.41n/a14
Dec ’24€0.34
€0.50
+45.7%
10.7%€0.61€0.41n/a14
Nov ’24€0.37
€0.53
+45.2%
7.9%€0.61€0.45€0.3414
Oct ’24€0.39
€0.53
+36.4%
8.0%€0.61€0.44€0.3614
Sep ’24€0.38
€0.54
+39.9%
8.3%€0.62€0.45€0.3513
Aug ’24€0.40
€0.54
+34.7%
9.3%€0.61€0.43€0.3413
Jul ’24€0.38
€0.54
+39.7%
9.7%€0.63€0.42€0.3014
Jun ’24€0.38
€0.57
+49.6%
8.5%€0.65€0.50€0.3314
May ’24€0.42
€0.56
+33.2%
7.3%€0.64€0.51€0.3315
Apr ’24€0.43
€0.57
+33.9%
7.2%€0.65€0.51€0.3315
Mar ’24€0.43
€0.58
+33.4%
7.0%€0.66€0.52€0.3415
Feb ’24€0.47
€0.61
+31.1%
6.8%€0.68€0.55€0.3614
Jan ’24€0.46
€0.59
+27.6%
7.6%€0.66€0.51€0.3514
Dec ’23€0.44
€0.61
+37.4%
13.4%€0.85€0.51€0.3415
Nov ’23€0.41
€0.60
+45.0%
12.9%€0.83€0.52€0.3714

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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