Internet Thailand Valuation

Q: What is the Fair Price of IE2A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IE2A (€0.11) is trading below our estimate of [[fair value]] (€0.16)

Is IE2A 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-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 IE2A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IE2A (€0.11) is trading below our estimate of fair value (€0.16)

Significantly Below Fair Value: IE2A is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IE2A?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for IE2A. This is calculated by dividing IE2A's market cap by their current preferred multiple.
What is IE2A's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	฿2.24b

IE2A 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	3x
Enterprise Value/EBITDA	6.4x
PEG Ratio	-2.7x

Price to Earnings Ratio vs Peers

How does IE2A's PE Ratio compare to its peers?

The above table shows the PE ratio for IE2A 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	23.3x
DCIK DCI Database for Commerce and Industry	27.5x	n/a	€9.6m
OBS ORBIS	21.3x	1.6%	€57.8m
3ITN audius	18.8x	19.8%	€63.8m
IOS IONOS Group	25.6x	18.9%	€3.6b
IE2A Internet Thailand	7.9x	-3.0%	€2.2b

Price-To-Earnings vs Peers: IE2A is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does IE2A's PE Ratio compare vs other companies in the DE IT Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.4%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	15.4%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: IE2A is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European IT industry average (20.2x).

Price to Earnings Ratio vs Fair Ratio

What is IE2A'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.

IE2A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.9x
Fair PE Ratio	11.9x

Price-To-Earnings vs Fair Ratio: IE2A is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).

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.