SiamEast Solutions Valuation

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

SE-R (THB0.6) is trading below our estimate of [[fair value]] (THB3.8)

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

Below Fair Value: SE-R (THB0.6) is trading below our estimate of fair value (THB3.8)

Significantly Below Fair Value: SE-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 SE-R?

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

The above table shows the Price to Earnings ratio for SE-R. This is calculated by dividing SE-R's market cap by their current earnings.
What is SE-R's PE Ratio?
PE Ratio	8.3x
Earnings	฿49.24m
Market Cap	฿407.67m

SE-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	0.6x
Enterprise Value/EBITDA	8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SE-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	30.9x
PPM Porn Prom Metal	4.7x	n/a	฿700.5m
TCC Thai Capital Corporation	97.2x	n/a	฿572.2m
MGT Megachem (Thailand)	9.2x	n/a	฿808.0m
HARN Harn Engineering Solutions	12.7x	n/a	฿1.2b
SE-R SiamEast Solutions	8.3x	n/a	฿407.7m

Price-To-Earnings vs Peers: SE-R is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (30.3x).

Price to Earnings Ratio vs Industry

How does SE-R's PE Ratio compare vs other companies in the Asian Trade Distributors Industry?

15 Companies	Price / Earnings	Estimated Growth	Market Cap

15 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SE-R is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Asian Trade Distributors industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is SE-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.

SE-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.3x
Fair PE Ratio	n/a

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