Bangkok Sheet Metal Valuation

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

Below Fair Value: BM (THB3.1) is trading above our estimate of fair value (THB0.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BM. This is calculated by dividing BM's market cap by their current earnings.
What is BM's PE Ratio?
PE Ratio	31.2x
Earnings	฿58.96m
Market Cap	฿1.84b

BM 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	1.3x
Enterprise Value/EBITDA	15.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BM 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	10x
BJCHI BJC Heavy Industries	5.2x	n/a	฿2.0b
HTECH Halcyon Technology	16x	n/a	฿1.3b
FTE Firetrade Engineering	8.5x	n/a	฿1.0b
IROYAL Interroyal Engineering	10.4x	n/a	฿823.4m
BM Bangkok Sheet Metal	31.2x	n/a	฿1.8b

Price-To-Earnings vs Peers: BM is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (10x).

Price to Earnings Ratio vs Industry

How does BM'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: BM is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the Asian Machinery industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is BM'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.

BM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.2x
Fair PE Ratio	n/a

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