Thal Valuation

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

Below Fair Value: THALL (PKR465.68) is trading below our estimate of fair value (PKR995.8)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for THALL. This is calculated by dividing THALL's market cap by their current earnings.
What is THALL's PE Ratio?
PE Ratio4.5x
EarningsPK₨8.44b
Market CapPK₨37.73b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for THALL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
ATBA Atlas Battery
10xn/aPK₨13.1b
EXIDE Exide Pakistan
6.5xn/aPK₨6.5b
LOADS Loads
4.1xn/aPK₨3.5b
SAZEW Sazgar Engineering Works
5.4xn/aPK₨62.0b
THALL Thal
4.5xn/aPK₨37.7b

Price-To-Earnings vs Peers: THALL is good value based on its Price-To-Earnings Ratio (4.5x) compared to the peer average (6.5x).


Price to Earnings Ratio vs Industry

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

37 CompaniesPrice / EarningsEstimated GrowthMarket Cap
THALL 4.5xIndustry Avg. 20.8xNo. of Companies95PE01632486480+
37 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: THALL is good value based on its Price-To-Earnings Ratio (4.5x) compared to the Asian Auto Components industry average (20.7x).


Price to Earnings Ratio vs Fair Ratio

What is THALL'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.

THALL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.5x
Fair PE Ration/a

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


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