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

SPA is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (21.1x).

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

SPA is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the Asian Consumer Services industry average (16.3x).

What is SPA'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 is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

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

SPA (THB7.55) is trading below our estimate of [[fair value]] (THB9.03)

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

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

Siam Wellness Group (SET:SPA) - Stock Price, News & Analysis

SPA Stock Overview

Engages in the spa services businesses. More details

SPA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 16.4% below our estimate of its fair value

Earnings are forecast to grow 10.59% per year

Earnings grew by 73.7% over the past year

Analysts in good agreement that stock price will rise by 29.7%

Risk Analysis

No risks detected for SPA from our risk checks.

Siam Wellness Group Public Company Limited Competitors

Union Auction

SET:AUCT

฿4.8b

Shangri-La Hotel

SET:SHANG

฿6.3b

Laguna Resorts & Hotels

SET:LRH

฿6.5b

After You

SET:AU

฿8.7b

Price History & Performance

Summary of all time highs, changes and price drops for Siam Wellness Group
Historical stock prices
Current Share Price	฿7.55
52 Week High	฿9.87
52 Week Low	฿5.90
Beta	0.47
11 Month Change	12.69%
3 Month Change	10.22%
1 Year Change	-5.63%
33 Year Change	54.08%
5 Year Change	8.20%
Change since IPO	233.09%

Recent updates

Shareholder Returns

	SPA	TH Consumer Services	TH Market
7D	2.7%	-2.7%	0.8%
1Y	-5.6%	19.9%	3.1%

Return vs Industry: SPA underperformed the TH Consumer Services industry which returned 19.9% over the past year.

Return vs Market: SPA underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is SPA's price volatile compared to industry and market?
SPA volatility
SPA Average Weekly Movement	5.5%
Consumer Services Industry Average Movement	5.7%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

Stable Share Price: SPA has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: SPA's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Wiboon Utsahajit	www.siamwellnessgroup.com

Siam Wellness Group Public Company Limited, together with its subsidiaries, engages in the spa services businesses. The company operates RarinJinda Wellness Spa, a wellness spa; Let’s Relax, a day spa service; Baan Suan Massage center; Stretch me Clinic and Studio; RarinJinda Wellness Spa Resort, a boutique hotel resort; and a restaurant under the Deck1 name. It also operates a Thai massage school under the Siam Wellness Thai Massage and Spa School name.

Siam Wellness Group Public Company Limited Fundamentals Summary

How do Siam Wellness Group's earnings and revenue compare to its market cap?
SPA fundamental statistics
Market cap	฿9.68b
Earnings (TTM)	฿357.36m
Revenue (TTM)	฿1.63b

27.1x

P/E Ratio

6.0x

P/S Ratio

Is SPA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPA income statement (TTM)
Revenue	฿1.63b
Cost of Revenue	฿1.08b
Gross Profit	฿545.93m
Other Expenses	฿188.57m
Earnings	฿357.36m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.28
Gross Margin	33.56%
Net Profit Margin	21.97%
Debt/Equity Ratio	11.4%

How did SPA perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

3%

Payout Ratio

SPA Stock Overview

Rewards

Risk Analysis

Siam Wellness Group Public Company Limited Competitors

SET:AUCT

฿4.8b

SET:SHANG

฿6.3b

SET:LRH

฿6.5b

SET:AU

฿8.7b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

Now 21% undervalued

Now 21% undervalued

Price target increased by 7.4% to ฿10.34

Second quarter 2024 earnings: EPS misses analyst expectations

Siam Wellness Group Public Company Limited Appoints Pensiri Chakrabandhu as Director

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations

Now 21% undervalued

Now 21% undervalued

Price target increased by 7.4% to ฿10.34

Second quarter 2024 earnings: EPS misses analyst expectations

Siam Wellness Group Public Company Limited Appoints Pensiri Chakrabandhu as Director

Now 23% undervalued after recent price drop

Price target increased by 7.6% to ฿10.96

First quarter 2024 earnings released: EPS: ฿0.058 (vs ฿0.039 in 1Q 2023)

Upcoming dividend of ฿0.014 per share

Siam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024

Siam Wellness Group Public Company Limited, Annual General Meeting, Apr 19, 2024

Siam Wellness Group Public Company Limited Announces Resignation of Phumiphan Bunjapamai as Independent Director, January 16, 2024

Less than half of directors are independent

Consensus EPS estimates increase by 12%

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First quarter 2023 earnings released: EPS: ฿0.059 (vs ฿0.067 loss in 1Q 2022)

Siam Wellness Group Public Company Limited Appoints Bancha Chernchujit as the Independent Director, Member of Audit Committee

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to ฿11.72

Price target increased to ฿11.32

Price target increased to ฿10.25

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus revenue estimates fall by 12%

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Third quarter 2021 earnings released: ฿0.091 loss per share (vs ฿0.064 loss in 3Q 2020)

Price target increased to ฿9.08

Second quarter 2021 earnings released: ฿0.10 loss per share (vs ฿0.094 loss in 2Q 2020)

Consensus revenue estimates fall to ฿300.4m

Price target decreased to ฿8.42

Consensus revenue estimates fall to ฿381.1m

Consensus revenue estimates fall to ฿437.1m

First quarter 2021 earnings released: ฿0.089 loss per share (vs ฿0.005 profit in 1Q 2020)

Price target increased to ฿8.94

Siam Wellness Group Public Company Limited Announces Management Changes

Siam Wellness Group Public Company Limited, Annual General Meeting, Apr 09, 2021

Siam Wellness Group Public Company Limited Announces Management Changes

Siam Wellness Group Public Company Limited Announces Temporary Shutdown of 36 Health Massage Establishments in Bangkok and 4 Health Massage Establishments

Price target raised to ฿6.80

New 90-day high: ฿7.60

New 90-day high: ฿6.75

Third quarter 2020 earnings released: ฿0.064 loss per share

Revenue and earnings miss expectations

Analysts lower EPS estimates to -฿0.21

Siam Wellness Group Public Company Limited(SET:SPA) dropped from S&P Global BMI Index

Analysts update estimates

Price target lowered to ฿6.45

Analysts lower revenue estimates to ฿475.5m

Earnings released

Shareholder Returns

Price Volatility

About the Company

Siam Wellness Group Public Company Limited Fundamentals Summary

27.1x

6.0x