Ingress Industrial (Thailand) Public Company Limited

SET:INGRS Stock Report

Market Cap: ฿477.5m

Ingress Industrial (Thailand) Valuation

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

Below Fair Value: INGRS (THB0.32) is trading below our estimate of fair value (THB5.24)

Significantly Below Fair Value: INGRS 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?

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

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

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for INGRS 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%฿492.0m
TKT T.Krungthai Industries
0.5xn/a฿529.7m
IHL Interhides
0.5xn/a฿1.1b
PACO President Automobile Industries
1.3xn/a฿1.4b
INGRS Ingress Industrial (Thailand)
0.07xn/a฿477.5m

Price-To-Sales vs Peers: INGRS 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's PS Ratio compare vs other companies in the TH Auto Components Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.9x6.3%
INGRS Ingress Industrial (Thailand)
0.07xn/aUS$13.82m
No more companies available in this PS range
INGRS 0.1xIndustry Avg. 0.9xNo. of Companies4PS00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
Industry Avg.0.9x27.7%
INGRS Ingress Industrial (Thailand)
0.07xn/aUS$13.82m
No more companies

Price-To-Sales vs Industry: INGRS 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'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 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'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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