T.M.C. Industrial Public Company Limited

SET:TMC Stock Report

Market Cap: ฿596.4m

T.M.C. Industrial Valuation

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

Valuation Score


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

Below Fair Value: TMC (THB1.3) is trading below our estimate of fair value (THB4.64)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TMC 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/Revenue0.8x
Enterprise Value/EBITDA14.2x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TMC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
GTB Getabec
HTECH Halcyon Technology
FTE Firetrade Engineering
FVC Filter Vision
TMC T.M.C. Industrial

Price-To-Sales vs Peers: TMC is expensive based on its Price-To-Sales Ratio (2.2x) compared to the peer average (0.7x).

Price to Earnings Ratio vs Industry

How does TMC's PE Ratio compare vs other companies in the Asian Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.7%
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.7%
No more companies

Price-To-Sales vs Industry: TMC is expensive based on its Price-To-Sales Ratio (2.2x) compared to the Asian Machinery industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is TMC'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.

TMC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.2x
Fair PS Ration/a

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