Unimit Engineering Valuation

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

UEC (THB1.26) is trading below our estimate of [[fair value]] (THB3.72)

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: UEC (THB1.26) is trading below our estimate of fair value (THB3.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for UEC. This is calculated by dividing UEC's market cap by their current earnings.
What is UEC's PE Ratio?
PE Ratio	14.5x
Earnings	฿49.43m
Market Cap	฿724.55m

UEC 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	0.3x
Enterprise Value/EBITDA	4.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does UEC's PE Ratio compare to its peers?

The above table shows the PE ratio for UEC 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	10.5x
UREKA Eureka Design	15.9x	n/a	฿854.9m
GTB Getabec	9.8x	n/a	฿700.8m
FTE Firetrade Engineering	11.3x	n/a	฿1.0b
BJCHI BJC Heavy Industries	5.1x	n/a	฿1.9b
UEC Unimit Engineering	14.5x	n/a	฿724.5m

Price-To-Earnings vs Peers: UEC is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

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

22 Companies	Price / Earnings	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: UEC is good value based on its Price-To-Earnings Ratio (14.5x) compared to the Asian Machinery industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is UEC'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.

UEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UEC'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.

Discover undervalued companies

Seafco

฿1.6b

Engages in the construction of foundation and general public works in Thailand and internationally.

SEAFCO

฿1.99

-3.4%

-20.1%

Kijcharoen Engineering Electric

฿1.9b

Manufactures and distributes electrical cabinets, cable tray systems, electrical wiring equipment, and customized sheet metal works in Thailand.

KJL-F

฿18.20

n/a

Steel

฿903.7m

Engages in the selling and transforming of hot rolled sheets and coils, and structural steel products in Thailand.

THE-R

฿0.82

-6.8%

-31.7%