Laguna Resorts & Hotels Valuation

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

LRH-R (THB38.5) is trading above our estimate of [[fair value]] (THB12.25)

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

Below Fair Value: LRH-R (THB38.5) is trading above our estimate of fair value (THB12.25)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LRH-R. This is calculated by dividing LRH-R's market cap by their current earnings.
What is LRH-R's PE Ratio?
PE Ratio	7x
Earnings	฿916.06m
Market Cap	฿6.42b

LRH-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	1.6x
Enterprise Value/EBITDA	9.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LRH-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	56.3x
OHTL OHTL	14.7x	n/a	฿5.2b
SHANG Shangri-La Hotel	31.5x	n/a	฿6.4b
SHR S Hotels and Resorts	161.2x	71.6%	฿8.1b
ERW Erawan Group	17.7x	-6.1%	฿19.7b
LRH-R Laguna Resorts & Hotels	7x	n/a	฿6.4b

Price-To-Earnings vs Peers: LRH-R is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (56.3x).

Price to Earnings Ratio vs Industry

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

22 Companies	Price / Earnings	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: LRH-R is good value based on its Price-To-Earnings Ratio (7x) compared to the Asian Hospitality industry average (20.9x).

Price to Earnings Ratio vs Fair Ratio

What is LRH-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.

LRH-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7x
Fair PE Ratio	n/a

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