Asian Marine Services Valuation

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

ASIMAR-R (THB1.54) is trading below our estimate of [[fair value]] (THB13.43)

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

Below Fair Value: ASIMAR-R (THB1.54) is trading below our estimate of fair value (THB13.43)

Significantly Below Fair Value: ASIMAR-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 ASIMAR-R?

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

The above table shows the Price to Earnings ratio for ASIMAR-R. This is calculated by dividing ASIMAR-R's market cap by their current earnings.
What is ASIMAR-R's PE Ratio?
PE Ratio	8.6x
Earnings	฿46.48m
Market Cap	฿397.77m

ASIMAR-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	4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASIMAR-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	9.1x
FVC Filter Vision	4x	n/a	฿380.2m
GTB Getabec	9.8x	n/a	฿691.2m
KWM K.W. Metal Work	12.2x	n/a	฿635.1m
SE SiamEast Solutions	10.3x	n/a	฿407.7m
ASIMAR-R Asian Marine Services	8.6x	n/a	฿397.8m

Price-To-Earnings vs Peers: ASIMAR-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

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

20 Companies	Price / Earnings	Estimated Growth	Market Cap

20 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ASIMAR-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Asian Machinery industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is ASIMAR-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.

ASIMAR-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.6x
Fair PE Ratio	n/a

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