Make To Win Holding Valuation

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

MTW-R (THB1.2) is trading below our estimate of [[fair value]] (THB11.96)

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

Below Fair Value: MTW-R (THB1.2) is trading below our estimate of fair value (THB11.96)

Significantly Below Fair Value: MTW-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 MTW-R?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MTW-R. This is calculated by dividing MTW-R's market cap by their current preferred multiple.
What is MTW-R's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

MTW-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	2.7x
Enterprise Value/EBITDA	18x
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTW-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	12.2x
CPH Castle Peak Holdings	6.3x	n/a	฿560.0m
PDJ Pranda Jewelry	9.1x	n/a	฿1.2b
WARRIX Warrix Sport	17.4x	21.1%	฿2.3b
SABINA Sabina	16.1x	8.8%	฿7.6b
MTW-R Make To Win Holding	32.7x	90.1%	฿808.8m

Price-To-Earnings vs Peers: MTW-R is expensive based on its Price-To-Earnings Ratio (32.7x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does MTW-R's PE Ratio compare vs other companies in the Asian Luxury Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	17.6%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	17.6%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: MTW-R is expensive based on its Price-To-Earnings Ratio (32.7x) compared to the Asian Luxury industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is MTW-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.

MTW-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32.7x
Fair PE Ratio	62.4x

Price-To-Earnings vs Fair Ratio: MTW-R is good value based on its Price-To-Earnings Ratio (32.7x) compared to the estimated Fair Price-To-Earnings Ratio (62.4x).

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.