TH Plantations Berhad

KLSE:THPLANT Stock Report

Market Cap: RM 574.5m

TH Plantations Berhad Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: THPLANT (MYR0.65) is trading below our estimate of fair value (MYR3.68)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for THPLANT. This is calculated by dividing THPLANT's market cap by their current earnings.
What is THPLANT's PE Ratio?
PE Ratio16.1x
EarningsRM 35.73m
Market CapRM 574.50m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THPLANT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
MKHOP MKH Oil Palm (East Kalimantan) Berhad
21.6xn/aRM 655.6m
CHINTEK Chin Teck Plantations Berhad
8.5x5.8%RM 742.8m
RSAWIT Rimbunan Sawit Berhad
7.8xn/aRM 500.2m
SBAGAN Sungei Bagan Rubber Company (Malaya) Berhad
19.3xn/aRM 511.1m
THPLANT TH Plantations Berhad
16.1x16.0%RM 574.5m

Price-To-Earnings vs Peers: THPLANT is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does THPLANT's PE Ratio compare vs other companies in the MY Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
THPLANT 16.1xIndustry Avg. 13.1xNo. of Companies10PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THPLANT is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the MY Food industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is THPLANT'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.

THPLANT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio16.8x

Price-To-Earnings vs Fair Ratio: THPLANT is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.8x).

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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