Siamrajathanee Valuation

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

SO-R (THB4.78) is trading below our estimate of [[fair value]] (THB9.53)

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

Below Fair Value: SO-R (THB4.78) is trading below our estimate of fair value (THB9.53)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SO-R. This is calculated by dividing SO-R's market cap by their current earnings.
What is SO-R's PE Ratio?
PE Ratio	17.4x
Earnings	฿131.12m
Market Cap	฿2.28b

SO-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	1.3x
Enterprise Value/EBITDA	15x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does SO-R's PE Ratio compare to its peers?

The above table shows the PE ratio for SO-R 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	25.2x
PRTR PRTR Group	11.7x	n/a	฿2.6b
HUMAN Humanica	25.3x	14.0%	฿8.0b
STI Stonehenge Inter	45.3x	n/a	฿1.8b
BOL Business Online	18.3x	n/a	฿4.9b
SO-R Siamrajathanee	17.4x	n/a	฿2.3b

Price-To-Earnings vs Peers: SO-R is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (25.2x).

Price to Earnings Ratio vs Industry

How does SO-R's PE Ratio compare vs other companies in the Asian Professional Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SO-R is good value based on its Price-To-Earnings Ratio (17.4x) compared to the Asian Professional Services industry average (19.5x).

Price to Earnings Ratio vs Fair Ratio

What is SO-R'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.

SO-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.4x
Fair PE Ratio	n/a

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