Hwa Fong Rubber (Thailand) Public Company Limited

SET:HFT-R Stock Report

Market Cap: ฿2.8b

Hwa Fong Rubber (Thailand) Valuation

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

Below Fair Value: HFT-R (THB4.24) is trading below our estimate of fair value (THB6.93)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HFT-R?

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

The above table shows the Price to Earnings ratio for HFT-R. This is calculated by dividing HFT-R's market cap by their current earnings.
What is HFT-R's PE Ratio?
PE Ratio10.3x
Earnings฿270.01m
Market Cap฿2.79b

Price to Earnings Ratio vs Peers

How does HFT-R's PE Ratio compare to its peers?

The above table shows the PE ratio for HFT-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.9x
IRC Inoue Rubber (Thailand)
7.6x-15.0%฿2.7b
NDR N.D. Rubber
47.8xn/a฿1.2b
NER North East Rubber
5.1x7.8%฿8.9b
GYT Goodyear (Thailand)
11.2xn/a฿1.3b
HFT-R Hwa Fong Rubber (Thailand)
10.3xn/a฿2.8b

Price-To-Earnings vs Peers: HFT-R is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (17.9x).

Price to Earnings Ratio vs Industry

How does HFT-R's PE Ratio compare vs other companies in the TH Auto Components Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
HFT-R 10.3xIndustry Avg. 10.9xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HFT-R is good value based on its Price-To-Earnings Ratio (10.3x) compared to the TH Auto Components industry average (10.9x).

Price to Earnings Ratio vs Fair Ratio

What is HFT-R'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.

HFT-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ration/a

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