Thai Mui Corporation Public Company Limited

SET:THMUI Stock Report

Market Cap: ฿190.4m

Thai Mui Corporation Valuation

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

Below Fair Value: THMUI (THB0.56) is trading below our estimate of fair value (THB1.32)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for THMUI. This is calculated by dividing THMUI's market cap by their current revenue.
What is THMUI's PS Ratio?
PS Ratio0.5x
Sales฿350.93m
Market Cap฿190.40m

Price to Sales Ratio vs Peers

How does THMUI's PS Ratio compare to its peers?

The above table shows the PS ratio for THMUI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
SAF S.A.F. Special Steel
0.9xn/a฿156.0m
MORE More Return
2.1xn/a฿215.3m
TCJ T.C.J. Asia
0.2xn/a฿335.8m
SE SiamEast Solutions
0.7xn/a฿407.7m
THMUI Thai Mui Corporation
0.5xn/a฿190.4m

Price-To-Sales vs Peers: THMUI is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

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

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
AGE Asia Green Energy
0.1xn/aUS$42.68m
THE Steel
0.1xn/aUS$25.89m
No more companies available in this PS range
THMUI 0.5xIndustry Avg. 0.8xNo. of Companies3PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: THMUI is good value based on its Price-To-Sales Ratio (0.5x) compared to the TH Trade Distributors industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is THMUI'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.

THMUI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate THMUI'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.

Discover undervalued companies

Eastern Technical Engineering

฿515.2m

Together with its subsidiary, provides installation services for electricity transmission and telecommunication networks primarily in Thailand.

ETE

฿0.92

7D

-4.2%

1Y

-3.2%

Asia Green Energy

฿1.5b

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

AGE

฿1.23

7D

-3.1%

1Y

-37.9%

Saha-Union

฿9.2b

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

SUC-R

฿31.50

7D

1.6%

1Y

2.4%