Bangkok Bank Valuation
Is BBL-F 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 BBL-F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BBL-F (THB147) is trading below our estimate of fair value (THB279.09)
Significantly Below Fair Value: BBL-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 BBL-F?
Key metric: As BBL-F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is BBL-F's PE Ratio? | |
|---|---|
| PE Ratio | 6.4x |
| Earnings | ฿43.67b |
| Market Cap | ฿280.60b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 1.8x |
Price to Earnings Ratio vs Peers
How does BBL-F's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.4x | ||
KTB Krung Thai Bank | 7.1x | 6.0% | ฿279.5b |
KBANK Kasikornbank | 7.5x | 6.2% | ฿354.2b |
SCB SCB X | 8.9x | 5.0% | ฿385.5b |
BAY Bank of Ayudhya | 6x | 0.8% | ฿185.7b |
BBL-F Bangkok Bank | 6.4x | 3.6% | ฿280.6b |
Price-To-Earnings vs Peers: BBL-F is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (7.4x).
Price to Earnings Ratio vs Industry
How does BBL-F'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: BBL-F is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Asian Banks industry average (8.6x).
Price to Earnings Ratio vs Fair Ratio
What is BBL-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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.4x |
| Fair PE Ratio | 8.3x |
Price-To-Earnings vs Fair Ratio: BBL-F is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.3x).
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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