Veranda Resort Valuation

Is VRANDA-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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: VRANDA-R (THB5.3) is trading above our estimate of fair value (THB0.73)

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

Key Valuation Metric

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

Key metric: As VRANDA-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VRANDA-R. This is calculated by dividing VRANDA-R's market cap by their current revenue.
What is VRANDA-R's PS Ratio?
PS Ratio	1.1x
Sales	฿1.54b
Market Cap	฿1.69b

VRANDA-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	2.8x
Enterprise Value/EBITDA	13.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does VRANDA-R's PS Ratio compare to its peers?

The above table shows the PS ratio for VRANDA-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.2x
ASIA Asia Hotel	1.7x	n/a	฿2.2b
BEYOND Bound and Beyond	0.8x	6.5%	฿2.6b
ROH Royal Orchid Hotel (Thailand)	2.1x	n/a	฿2.0b
GRAND Grande Asset Hotels and Property	0.3x	n/a	฿840.7m
VRANDA-R Veranda Resort	1.1x	26.3%	฿1.7b

Price-To-Sales vs Peers: VRANDA-R is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does VRANDA-R's PS Ratio compare vs other companies in the TH Hospitality Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: VRANDA-R is good value based on its Price-To-Sales Ratio (1.1x) compared to the TH Hospitality industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is VRANDA-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VRANDA-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.1x
Fair PS Ratio	1.6x

Price-To-Sales vs Fair Ratio: VRANDA-R is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

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.