Ocean Glass Valuation

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

Below Fair Value: OGC-R (THB19) is trading above our estimate of fair value (THB10.16)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for OGC-R. This is calculated by dividing OGC-R's market cap by their current revenue.
What is OGC-R's PS Ratio?
PS Ratio	0.2x
Sales	฿1.86b
Market Cap	฿405.28m

OGC-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	0.9x
Enterprise Value/EBITDA	7.4x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for OGC-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	0.6x
HPT Home Pottery	1x	n/a	฿297.9m
ECF East Coast Furnitech	0.3x	n/a	฿393.4m
TCMC TCM Corporation	0.08x	n/a	฿564.8m
KOOL CL Venture	1x	n/a	฿707.2m
OGC-R Ocean Glass	0.2x	n/a	฿405.3m

Price-To-Sales vs Peers: OGC-R is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

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

54 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.1x	6.1%
OGC-R Ocean Glass	0.2x	n/a	US$11.74m

54 Companies		Estimated Growth	Market Cap
Industry Avg.	1.1x	13.2%
OGC-R Ocean Glass	0.2x	n/a	US$11.74m

No more companies

Price-To-Sales vs Industry: OGC-R is good value based on its Price-To-Sales Ratio (0.2x) compared to the Asian Consumer Durables industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is OGC-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.

OGC-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

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