Ekarat Engineering Valuation

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

AKR-R (THB0.93) is trading below our estimate of [[fair value]] (THB1.06)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: AKR-R (THB0.93) is trading below our estimate of fair value (THB1.06)

Significantly Below Fair Value: AKR-R is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AKR-R?

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

The above table shows the Price to Earnings ratio for AKR-R. This is calculated by dividing AKR-R's market cap by their current earnings.
What is AKR-R's PE Ratio?
PE Ratio	5.5x
Earnings	฿250.29m
Market Cap	฿1.37b

AKR-R 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	0.7x
Enterprise Value/EBITDA	4.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does AKR-R's PE Ratio compare to its peers?

The above table shows the PE ratio for AKR-R 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	10.1x
TRT Tirathai	3.6x	n/a	฿1.2b
QTC QTC Energy	14.9x	n/a	฿1.3b
KJL Kijcharoen Engineering Electric	9.9x	13.1%	฿1.6b
ARROW Arrow Syndicate	12.1x	n/a	฿1.5b
AKR-R Ekarat Engineering	5.5x	n/a	฿1.4b

Price-To-Earnings vs Peers: AKR-R is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does AKR-R's PE Ratio compare vs other companies in the Asian Electrical Industry?

21 Companies	Price / Earnings	Estimated Growth	Market Cap

21 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AKR-R is good value based on its Price-To-Earnings Ratio (5.5x) compared to the Asian Electrical industry average (27.5x).

Price to Earnings Ratio vs Fair Ratio

What is AKR-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.

AKR-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.5x
Fair PE Ratio	n/a

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