Bank of Ayudhya Valuation
Is BAY-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 BAY-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BAY-R (THB25.25) is trading below our estimate of fair value (THB51.53)
Significantly Below Fair Value: BAY-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 BAY-R?
Key metric: As BAY-R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is BAY-R's PE Ratio? | |
|---|---|
| PE Ratio | 6x |
| Earnings | ฿31.16b |
| Market Cap | ฿185.73b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 7.2x |
Price to Earnings Ratio vs Peers
How does BAY-R's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.4x | ||
TTB TMBThanachart Bank | 8.4x | 4.7% | ฿174.3b |
BBL Bangkok Bank | 6.4x | 3.6% | ฿280.6b |
KTB Krung Thai Bank | 7.2x | 6.0% | ฿283.7b |
KBANK Kasikornbank | 7.5x | 6.2% | ฿354.2b |
BAY-R Bank of Ayudhya | 6x | 0.8% | ฿185.7b |
Price-To-Earnings vs Peers: BAY-R is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (7.4x).
Price to Earnings Ratio vs Industry
How does BAY-R's PE Ratio compare vs other companies in the Asian Banks Industry?
| 3 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 3 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: BAY-R is good value based on its Price-To-Earnings Ratio (6x) compared to the Asian Banks industry average (8.6x).
Price to Earnings Ratio vs Fair Ratio
What is BAY-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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6x |
| Fair PE Ratio | 7.7x |
Price-To-Earnings vs Fair Ratio: BAY-R is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (7.7x).
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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