Siam Steel International Valuation

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

Below Fair Value: SIAM-R (THB1.11) is trading above our estimate of fair value (THB0.12)

Significantly Below Fair Value: SIAM-R is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SIAM-R. This is calculated by dividing SIAM-R's market cap by their current revenue.
What is SIAM-R's PS Ratio?
PS Ratio	0.3x
Sales	฿2.23b
Market Cap	฿658.37m

SIAM-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	-8.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SIAM-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	1.2x
DTCI D.T.C. Industries	2.5x	n/a	฿315.0m
ROCK Rockworth	0.3x	n/a	฿222.0m
SLP Salee Printing	1x	n/a	฿552.0m
K Kingsmen C.M.T.I	0.8x	n/a	฿686.7m
SIAM-R Siam Steel International	0.3x	n/a	฿658.4m

Price-To-Sales vs Peers: SIAM-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does SIAM-R's PS Ratio compare vs other companies in the Asian Commercial Services Industry?

74 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.2x	11.1%
SIAM-R Siam Steel International	0.3x	n/a	US$18.90m

74 Companies		Estimated Growth	Market Cap
Industry Avg.	1.2x	16.8%
SIAM-R Siam Steel International	0.3x	n/a	US$18.90m

No more companies

Price-To-Sales vs Industry: SIAM-R is good value based on its Price-To-Sales Ratio (0.3x) compared to the Asian Commercial Services industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is SIAM-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.

SIAM-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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