Bangkok Dec-Con Valuation

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

BKD-R (THB1.4) is trading below our estimate of [[fair value]] (THB18.99)

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

Below Fair Value: BKD-R (THB1.4) is trading below our estimate of fair value (THB18.99)

Significantly Below Fair Value: BKD-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 BKD-R?

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

The above table shows the Price to Earnings ratio for BKD-R. This is calculated by dividing BKD-R's market cap by their current earnings.
What is BKD-R's PE Ratio?
PE Ratio	13.9x
Earnings	฿108.55m
Market Cap	฿1.51b

BKD-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	1.1x
Enterprise Value/EBITDA	7.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BKD-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	20.1x
MODERN Modernform Group	20x	n/a	฿1.8b
FANCY Fancy Wood Industries	19.5x	n/a	฿233.7m
FTI Function International	26.6x	n/a	฿945.0m
RSP Rich Sport	14.3x	n/a	฿1.5b
BKD-R Bangkok Dec-Con	13.9x	n/a	฿1.5b

Price-To-Earnings vs Peers: BKD-R is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does BKD-R's PE Ratio compare vs other companies in the Asian Consumer Durables Industry?

11 Companies	Price / Earnings	Estimated Growth	Market Cap

11 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BKD-R is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Asian Consumer Durables industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is BKD-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.

BKD-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.9x
Fair PE Ratio	n/a

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