SCG Ceramics Valuation

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

COTTO-F (THB2.59) is trading above our estimate of [[fair value]] (THB1.58)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: COTTO-F (THB2.59) is trading above our estimate of fair value (THB1.58)

Significantly Below Fair Value: COTTO-F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COTTO-F?

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

The above table shows the Price to Earnings ratio for COTTO-F. This is calculated by dividing COTTO-F's market cap by their current earnings.
What is COTTO-F's PE Ratio?
PE Ratio	20x
Earnings	฿597.65m
Market Cap	฿11.93b

COTTO-F 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	0.9x
Enterprise Value/EBITDA	7.6x
PEG Ratio	1.3x

Price to Earnings Ratio vs Peers

How does COTTO-F's PE Ratio compare to its peers?

The above table shows the PE ratio for COTTO-F 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	11x
SCGD SCG Decor	11x	23.5%	฿9.7b
DCC Dynasty Ceramic	15x	7.3%	฿16.9b
VNG Vanachai Group	10.3x	n/a	฿5.8b
SKN S.Kijchai Enterprise	7.6x	n/a	฿4.1b
COTTO-F SCG Ceramics	20x	15.5%	฿11.9b

Price-To-Earnings vs Peers: COTTO-F is expensive based on its Price-To-Earnings Ratio (20x) compared to the peer average (12.7x).

Price to Earnings Ratio vs Industry

How does COTTO-F's PE Ratio compare vs other companies in the Asian Building Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: COTTO-F is expensive based on its Price-To-Earnings Ratio (20x) compared to the Asian Building industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is COTTO-F'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.

COTTO-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	20x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate COTTO-F'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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