S&P Syndicate Valuation

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

SNP-R (THB11.5) is trading below our estimate of [[fair value]] (THB20.67)

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

Below Fair Value: SNP-R (THB11.5) is trading below our estimate of fair value (THB20.67)

Significantly Below Fair Value: SNP-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 SNP-R?

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

The above table shows the Price to Earnings ratio for SNP-R. This is calculated by dividing SNP-R's market cap by their current earnings.
What is SNP-R's PE Ratio?
PE Ratio	13.9x
Earnings	฿427.17m
Market Cap	฿5.92b

SNP-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	1x
Enterprise Value/EBITDA	8.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SNP-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	28.3x
AU After You	34.9x	17.7%	฿9.0b
MAGURO Maguro Group	35.6x	28.1%	฿2.3b
ZEN ZEN Corporation Group	27.9x	19.1%	฿2.1b
M MK Restaurant Group	14.8x	4.0%	฿23.6b
SNP-R S&P Syndicate	13.9x	n/a	฿5.9b

Price-To-Earnings vs Peers: SNP-R is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (28.3x).

Price to Earnings Ratio vs Industry

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

23 Companies	Price / Earnings	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SNP-R is good value based on its Price-To-Earnings Ratio (13.9x) compared to the Asian Hospitality industry average (21.2x).

Price to Earnings Ratio vs Fair Ratio

What is SNP-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.

SNP-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 SNP-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.