Frasers Property (Thailand) Valuation

Is 6TI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 6TI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6TI (€0.31) is trading above our estimate of fair value (€0.19)

Significantly Below Fair Value: 6TI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6TI?

Key metric: As 6TI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6TI. This is calculated by dividing 6TI's market cap by their current earnings.
What is 6TI's PE Ratio?
PE Ratio	19.7x
Earnings	฿1.44b
Market Cap	฿28.30b

6TI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	5.6x
Enterprise Value/EBITDA	24.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 6TI's PE Ratio compare to its peers?

The above table shows the PE ratio for 6TI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	30.4x
INS Instone Real Estate Group	25.8x	37.9%	€364.8m
CRZK CR Energy	9.8x	39.8%	€121.8m
GWK3 GAG Immobilien	24.2x	n/a	€808.4m
SPB Sedlmayr Grund und Immobilien	61.9x	n/a	€851.8m
6TI Frasers Property (Thailand)	19.7x	n/a	€28.3b

Price-To-Earnings vs Peers: 6TI is good value based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (30.4x).

Price to Earnings Ratio vs Industry

How does 6TI's PE Ratio compare vs other companies in the DE Real Estate Industry?

4 Companies	Price / Earnings	Estimated Growth	Market Cap
GTY Gateway Real Estate	0.6x	n/a	US$131.43m
ADJ Adler Group	0.05x	n/a	US$53.79m
AAA A.A.A. Allgemeine Anlageverwaltung	2.6x	n/a	US$47.44m
N9H Global Connectivity	0.2x	n/a	US$1.91m

No more companies available in this PE range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 6TI is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the European Real Estate industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6TI'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.

6TI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6TI's Price-To-Earnings Fair Ratio for valuation analysis.

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.

Discover undervalued companies

Hulic

JP¥1.0t

Engages in the holding, leasing, brokerage, and sale of real estate properties in Japan.

87W

JP¥8.35

-3.5%

-7.7%

Pakuwon Jati

Rp20.1t

Operates as a real estate developer in Indonesia.

P04

Rp0.022

-6.4%

-2.2%

Relo Group

JP¥264.5b

Engages in the provision of property management services in Japan.

665

JP¥10.90

1.9%

18.5%