Steel Valuation

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

Below Fair Value: Insufficient data to calculate THE-R's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate THE-R's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THE-R?

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

The above table shows the Price to Sales ratio for THE-R. This is calculated by dividing THE-R's market cap by their current revenue.
What is THE-R's PS Ratio?
PS Ratio	0.1x
Sales	฿7.41b
Market Cap	฿903.69m

THE-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	0.4x
Enterprise Value/EBITDA	149.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for THE-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	1.6x
24CS Twenty-Four Con & Supply	3.9x	n/a	฿1.5b
CSS Communication & System Solution	0.3x	n/a	฿1.2b
CRANE Chukai	1.5x	n/a	฿477.7m
MGT Megachem (Thailand)	0.8x	n/a	฿800.0m
THE-R Steel	0.1x	n/a	฿903.7m

Price-To-Sales vs Peers: THE-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does THE-R's PS Ratio compare vs other companies in the TH Trade Distributors Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.8x	3.2%
THE-R Steel	0.1x	n/a	US$26.13m
AGE Asia Green Energy	0.1x	n/a	US$42.90m
THE Steel	0.1x	n/a	US$26.13m

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap
Industry Avg.	0.8x	7.2%
THE-R Steel	0.1x	n/a	US$26.13m

No more companies

Price-To-Sales vs Industry: THE-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the TH Trade Distributors industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is THE-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.

THE-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate THE-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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