CAZ (Thailand) Valuation

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

CAZ-R (THB2.3) is trading below our estimate of [[fair value]] (THB3.01)

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

Below Fair Value: CAZ-R (THB2.3) is trading below our estimate of fair value (THB3.01)

Significantly Below Fair Value: CAZ-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 CAZ-R?

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

The above table shows the Price to Earnings ratio for CAZ-R. This is calculated by dividing CAZ-R's market cap by their current earnings.
What is CAZ-R's PE Ratio?
PE Ratio	4.2x
Earnings	฿159.95m
Market Cap	฿676.20m

CAZ-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	0.4x
Enterprise Value/EBITDA	4.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CAZ-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	10.3x
RT Right Tunnelling	11x	n/a	฿661.1m
TEKA Teka Construction	5.6x	n/a	฿672.0m
NL Nl Development	12.7x	n/a	฿580.0m
ETE Eastern Technical Engineering	12.2x	n/a	฿515.2m
CAZ-R CAZ (Thailand)	4.2x	n/a	฿676.2m

Price-To-Earnings vs Peers: CAZ-R is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (10.3x).

Price to Earnings Ratio vs Industry

How does CAZ-R's PE Ratio compare vs other companies in the TH Construction Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CAZ-R is good value based on its Price-To-Earnings Ratio (4.2x) compared to the TH Construction industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is CAZ-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.

CAZ-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.2x
Fair PE Ratio	n/a

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