Thai Capital Corporation Valuation

Is TCC-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: TCC-R (THB0.39) is trading below our estimate of fair value (THB0.62)

Significantly Below Fair Value: TCC-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 TCC-R?

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

The above table shows the Price to Earnings ratio for TCC-R. This is calculated by dividing TCC-R's market cap by their current earnings.
What is TCC-R's PE Ratio?
PE Ratio	90.2x
Earnings	฿6.03m
Market Cap	฿544.26m

TCC-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	0.7x
Enterprise Value/EBITDA	17.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TCC-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	10.1x
PPM Porn Prom Metal	4.5x	n/a	฿658.3m
SE SiamEast Solutions	10.1x	n/a	฿400.9m
MGT Megachem (Thailand)	9x	n/a	฿800.0m
TCJ T.C.J. Asia	16.6x	n/a	฿337.9m
TCC-R Thai Capital Corporation	90.2x	n/a	฿544.3m

Price-To-Earnings vs Peers: TCC-R is expensive based on its Price-To-Earnings Ratio (90.2x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

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

26 Companies	Price / Earnings	Estimated Growth	Market Cap

26 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: TCC-R is expensive based on its Price-To-Earnings Ratio (90.2x) compared to the Asian Trade Distributors industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is TCC-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.

TCC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	90.2x
Fair PE Ratio	n/a

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