CP ALL Public Company Limited

SET:CPALL Stock Report

Market Cap: ฿503.1b

CP ALL Valuation

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

Below Fair Value: CPALL (THB56) is trading above our estimate of fair value (THB36.79)

Significantly Below Fair Value: CPALL is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CPALL?

Other financial metrics that can be useful for relative valuation.

CPALL 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/Revenue1.1x
Enterprise Value/EBITDA16.2x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does CPALL's PE Ratio compare to its peers?

The above table shows the PE ratio for CPALL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
CPAXT CP Axtra
31.9x16.9%฿285.7b
TNP Thanapiriya
17.3x9.0%฿2.8b
BJC Berli Jucker
20.9x12.8%฿83.0b
JMT Jerónimo Martins SGPS
17.3x8.6%€12.3b
CPALL CP ALL
24.9x12.0%฿503.1b

Price-To-Earnings vs Peers: CPALL is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does CPALL's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
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Price-To-Earnings vs Industry: CPALL is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the Asian Consumer Retailing industry average (16.7x).


Price to Earnings Ratio vs Fair Ratio

What is CPALL'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.

CPALL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ratio40.7x

Price-To-Earnings vs Fair Ratio: CPALL is good value based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (40.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CPALL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿56.00
฿75.20
+34.3%
8.3%฿88.00฿57.50n/a22
Jun ’25฿57.50
฿74.92
+30.3%
8.4%฿88.00฿57.50n/a22
May ’25฿57.50
฿72.85
+26.7%
7.2%฿81.00฿57.50n/a22
Apr ’25฿54.50
฿72.40
+32.8%
6.8%฿79.50฿57.50n/a22
Mar ’25฿57.50
฿72.35
+25.8%
6.9%฿79.50฿57.50n/a22
Feb ’25฿52.75
฿71.23
+35.0%
7.8%฿82.00฿57.50n/a23
Jan ’25฿56.00
฿72.78
+30.0%
8.5%฿84.00฿57.50n/a21
Dec ’24฿53.25
฿73.37
+37.8%
8.2%฿84.00฿57.50n/a21
Nov ’24฿55.50
฿74.69
+34.6%
5.4%฿84.00฿65.50n/a21
Oct ’24฿60.50
฿74.73
+23.5%
5.6%฿84.00฿65.50n/a22
Sep ’24฿65.25
฿75.11
+15.1%
4.8%฿84.00฿68.00n/a22
Aug ’24฿63.50
฿74.11
+16.7%
4.9%฿79.00฿65.00n/a22
Jul ’24฿62.50
฿74.63
+19.4%
5.5%฿82.00฿65.00n/a21
Jun ’24฿63.25
฿74.86
+18.4%
5.4%฿82.00฿65.00฿57.5020
May ’24฿64.75
฿74.20
+14.6%
5.8%฿82.00฿65.00฿57.5020
Apr ’24฿62.00
฿74.65
+20.4%
5.8%฿82.00฿65.00฿54.5019
Mar ’24฿61.00
฿76.03
+24.6%
4.1%฿82.00฿68.70฿57.5020
Feb ’24฿67.25
฿76.63
+14.0%
5.2%฿85.00฿68.70฿52.7519
Jan ’24฿68.25
฿74.44
+9.1%
6.1%฿82.00฿64.00฿56.0019
Dec ’23฿65.75
฿74.18
+12.8%
6.2%฿82.00฿64.00฿53.2519
Nov ’23฿60.50
฿72.85
+20.4%
6.2%฿82.00฿64.00฿55.5020
Oct ’23฿56.25
฿73.97
+31.5%
5.9%฿82.00฿66.40฿60.5019
Sep ’23฿60.75
฿74.53
+22.7%
5.7%฿82.00฿66.40฿65.2520
Aug ’23฿59.75
฿75.55
+26.5%
4.5%฿82.00฿69.00฿63.5021
Jul ’23฿62.25
฿75.84
+21.8%
4.4%฿82.00฿69.00฿62.5021
Jun ’23฿66.00
฿75.55
+14.5%
6.2%฿82.00฿59.00฿63.2521

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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