AAPICO Hitech Valuation

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

AH-F (THB28) is trading below our estimate of [[fair value]] (THB69.19)

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

Below Fair Value: AH-F (THB28) is trading below our estimate of fair value (THB69.19)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AH-F?

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

The above table shows the Price to Earnings ratio for AH-F. This is calculated by dividing AH-F's market cap by their current earnings.
What is AH-F's PE Ratio?
PE Ratio	5x
Earnings	฿1.61b
Market Cap	฿8.02b

AH-F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	3.9x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

How does AH-F's PE Ratio compare to its peers?

The above table shows the PE ratio for AH-F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12x
PCSGH P.C.S. Machine Group Holding	13.3x	n/a	฿6.6b
SAT Somboon Advance Technology	6.7x	6.3%	฿4.7b
TSC Thai Steel Cable	12x	n/a	฿3.8b
POLY Polynet	16.1x	n/a	฿4.0b
AH-F AAPICO Hitech	5x	6.7%	฿8.0b

Price-To-Earnings vs Peers: AH-F is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (12.6x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AH-F is good value based on its Price-To-Earnings Ratio (5x) compared to the Asian Auto Components industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is AH-F'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.

AH-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AH-F'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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