Siam Wellness Group Valuation

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

SPA-R (THB6.45) is trading below our estimate of [[fair value]] (THB8.92)

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

Below Fair Value: SPA-R (THB6.45) is trading below our estimate of fair value (THB8.92)

Significantly Below Fair Value: SPA-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 SPA-R?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SPA-R. This is calculated by dividing SPA-R's market cap by their current preferred multiple.
What is SPA-R's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	฿8.27b

SPA-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	5.5x
Enterprise Value/EBITDA	21.7x
PEG Ratio	2.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SPA-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	31.1x
AUCT Union Auction	13.3x	-1.1%	฿5.2b
SHANG Shangri-La Hotel	27.5x	n/a	฿6.4b
SHR S Hotels and Resorts	66x	50.6%	฿7.8b
OHTL OHTL	17.5x	n/a	฿5.5b
SPA-R Siam Wellness Group	23.2x	9.7%	฿8.3b

Price-To-Earnings vs Peers: SPA-R is good value based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (31.1x).

Price to Earnings Ratio vs Industry

How does SPA-R's PE Ratio compare vs other companies in the Asian Consumer Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	27.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	27.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: SPA-R is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the Asian Consumer Services industry average (15.5x).

Price to Earnings Ratio vs Fair Ratio

What is SPA-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.

SPA-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	23.2x
Fair PE Ratio	22.6x

Price-To-Earnings vs Fair Ratio: SPA-R is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

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.