Ingress Industrial (Thailand) Public Company Limited

SET:INGRS-R Stock Report

Market Cap: ฿477.5m

Ingress Industrial (Thailand) Valuation

Is INGRS-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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: INGRS-R (THB0.33) is trading below our estimate of fair value (THB5.24)

Significantly Below Fair Value: INGRS-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 INGRS-R?

Key metric: As INGRS-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for INGRS-R. This is calculated by dividing INGRS-R's market cap by their current revenue.
What is INGRS-R's PS Ratio?
PS Ratio0.07x
Sales฿7.12b
Market Cap฿477.49m

Price to Sales Ratio vs Peers

How does INGRS-R's PS Ratio compare to its peers?

The above table shows the PS ratio for INGRS-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
TATG Thai Auto Tools and Die
0.2x14.5%฿500.0m
TKT T.Krungthai Industries
0.5xn/a฿543.7m
IHL Interhides
0.5xn/a฿1.1b
PACO President Automobile Industries
1.3xn/a฿1.4b
INGRS-R Ingress Industrial (Thailand)
0.07xn/a฿477.5m

Price-To-Sales vs Peers: INGRS-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.6x).


Price to Sales Ratio vs Industry

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

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.9x6.3%
INGRS-R Ingress Industrial (Thailand)
0.07xn/aUS$13.85m
INGRS Ingress Industrial (Thailand)
0.07xn/aUS$13.38m
No more companies available in this PS range
INGRS-R 0.1xIndustry Avg. 0.9xNo. of Companies4PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.9x27.7%
INGRS-R Ingress Industrial (Thailand)
0.07xn/aUS$13.85m
No more companies

Price-To-Sales vs Industry: INGRS-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the TH Auto Components industry average (0.9x).


Price to Sales Ratio vs Fair Ratio

What is INGRS-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INGRS-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate INGRS-R's Price-To-Sales 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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