CIMB Thai Bank Public Company Limited

SET:CIMBT Stock Report

Market Cap: ฿18.5b

CIMB Thai Bank Valuation

Is CIMBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: CIMBT (THB0.53) is trading above our estimate of fair value (THB0.29)

Significantly Below Fair Value: CIMBT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIMBT?

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

The above table shows the Price to Earnings ratio for CIMBT. This is calculated by dividing CIMBT's market cap by their current earnings.
What is CIMBT's PE Ratio?
PE Ratio10.5x
Earnings฿1.76b
Market Cap฿18.46b

Price to Earnings Ratio vs Peers

How does CIMBT's PE Ratio compare to its peers?

The above table shows the PE ratio for CIMBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.8x
LHFG LH Financial Group
9.2xn/a฿16.7b
CREDIT Thai Credit Bank
8.1x9.8%฿25.6b
KKP Kiatnakin Phatra Bank
10.2x11.5%฿43.3b
TCAP Thanachart Capital
7.7x6.9%฿51.6b
CIMBT CIMB Thai Bank
10.5xn/a฿18.5b

Price-To-Earnings vs Peers: CIMBT is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (8.8x).

Price to Earnings Ratio vs Industry

How does CIMBT's PE Ratio compare vs other companies in the Asian Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CIMBT 10.5xIndustry Avg. 8.4xNo. of Companies79PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CIMBT is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the Asian Banks industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is CIMBT'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.

CIMBT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ration/a

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