Eastern Technical Engineering Valuation

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

ETE-R (THB0.94) is trading below our estimate of [[fair value]] (THB2.48)

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

Below Fair Value: ETE-R (THB0.94) is trading below our estimate of fair value (THB2.48)

Significantly Below Fair Value: ETE-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 ETE-R?

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

The above table shows the Price to Earnings ratio for ETE-R. This is calculated by dividing ETE-R's market cap by their current earnings.
What is ETE-R's PE Ratio?
PE Ratio	12.5x
Earnings	฿42.27m
Market Cap	฿526.40m

ETE-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	1x
Enterprise Value/EBITDA	9.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ETE-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	12.8x
NL Nl Development	12.3x	n/a	฿560.0m
TEKA Teka Construction	5.4x	n/a	฿636.0m
PROS Prosper Engineering	23x	n/a	฿623.2m
RT Right Tunnelling	10.5x	n/a	฿647.4m
ETE-R Eastern Technical Engineering	12.5x	n/a	฿526.4m

Price-To-Earnings vs Peers: ETE-R is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does ETE-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: ETE-R is good value based on its Price-To-Earnings Ratio (12.5x) compared to the TH Construction industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is ETE-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.

ETE-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.5x
Fair PE Ratio	n/a

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

Discover undervalued companies

C.I. Group

฿180.6m

Manufactures and distributes air conditioning and refrigeration units and parts in Thailand and internationally.

CIG-W10-R

฿0.05

25.0%

Saha-Union

฿8.9b

Invests in plastic, rubber and metal, chemicals, trading, energy, real estate, and hotel businesses.

SUC-R

฿30.75

-1.6%

2.5%

Asia Green Energy

฿1.5b

Engages in the distribution of coal for industrial use in Thailand and internationally.

AGE

฿1.23

-0.8%

-37.9%