Index International Group Valuation

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

IND (THB0.81) is trading below our estimate of [[fair value]] (THB1.76)

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

Below Fair Value: IND (THB0.81) is trading below our estimate of fair value (THB1.76)

Significantly Below Fair Value: IND is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IND. This is calculated by dividing IND's market cap by their current earnings.
What is IND's PE Ratio?
PE Ratio	5x
Earnings	฿57.02m
Market Cap	฿283.50m

IND 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	0.2x
Enterprise Value/EBITDA	2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IND 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	14x
TIGER Thai Enger Holding	29.1x	n/a	฿285.2m
FLOYD Floyd	11.5x	n/a	฿328.9m
QTCG QTCG	3x	n/a	฿204.0m
ETE Eastern Technical Engineering	12.2x	n/a	฿515.2m
IND Index International Group	5x	n/a	฿283.5m

Price-To-Earnings vs Peers: IND is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (14x).

Price to Earnings Ratio vs Industry

How does IND'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: IND is good value based on its Price-To-Earnings Ratio (5x) compared to the TH Construction industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is IND'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.

IND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5x
Fair PE Ratio	n/a

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