Forge Auto International Limited

NSEI:FORGEAUTO Stock Report

Market Cap: ₹900.9m

Forge Auto International Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: FORGEAUTO (₹82.5) is trading below our estimate of fair value (₹186.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FORGEAUTO. This is calculated by dividing FORGEAUTO's market cap by their current earnings.
What is FORGEAUTO's PE Ratio?
PE Ratio13.5x
Earnings₹66.89m
Market Cap₹900.90m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FORGEAUTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.5x
PREMIUM Premium Plast
18.6xn/a₹886.1m
532933 Porwal Auto Components
60.3xn/a₹828.1m
530621 Akar Auto Industries
17.8xn/a₹1.1b
513059 G.S. Auto International
45.2xn/a₹553.7m
FORGEAUTO Forge Auto International
13.5xn/a₹900.9m

Price-To-Earnings vs Peers: FORGEAUTO is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (35.5x).

Price to Earnings Ratio vs Industry

How does FORGEAUTO's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.8x-31.3%US$379.76m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.8xn/aUS$94.64k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
FORGEAUTO 13.5xIndustry Avg. 30.8xNo. of Companies17PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FORGEAUTO is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Indian Auto Components industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is FORGEAUTO'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.

FORGEAUTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FORGEAUTO'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

Tata Motors

₹2.9t

Designs, develops, manufactures, and sells various automotive vehicles.

500570

₹791.25

7D

2.2%

1Y

17.5%

CIE Automotive India

₹172.8b

Produces and sells automotive components to original equipment manufacturers and other customers in India, Europe, and internationally.

CIEINDIA

₹455.00

7D

-3.5%

1Y

-4.2%

Subros

₹39.6b

Engages in the manufacture and sale of thermal products for automotive applications in India.

SUBROS

₹606.20

7D

-1.0%

1Y

41.1%