C.I. Group Valuation

Q: What is the Fair Price of CIG-W10-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CIG-W10-R (THB0.05) is trading below our estimate of [[fair value]] (THB1.69)

Is CIG-W10-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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CIG-W10-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIG-W10-R (THB0.05) is trading below our estimate of fair value (THB1.69)

Significantly Below Fair Value: CIG-W10-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 CIG-W10-R?

Key metric: As CIG-W10-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CIG-W10-R. This is calculated by dividing CIG-W10-R's market cap by their current revenue.
What is CIG-W10-R's PS Ratio?
PS Ratio	0.4x
Sales	฿467.61m
Market Cap	฿180.58m

CIG-W10-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	0.8x
Enterprise Value/EBITDA	-4.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does CIG-W10-R's PS Ratio compare to its peers?

The above table shows the PS ratio for CIG-W10-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.6x
PK Patkol	0.2x	n/a	฿302.0m
TAPAC Tapaco	0.1x	n/a	฿214.2m
KKC Kulthorn Kirby	0.02x	n/a	฿60.0m
TMC T.M.C. Industrial	2x	n/a	฿532.2m
CIG-W10-R C.I. Group	0.4x	n/a	฿180.6m

Price-To-Sales vs Peers: CIG-W10-R is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does CIG-W10-R's PS Ratio compare vs other companies in the TH Machinery Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
TAPAC Tapaco	0.1x	n/a	US$5.95m
KKC Kulthorn Kirby	0.02x	n/a	US$1.79m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: CIG-W10-R is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Machinery industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is CIG-W10-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIG-W10-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate CIG-W10-R's Price-To-Sales 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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