Asia Sermkij Leasing Valuation

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

ASK-R (THB10.6) is trading below our estimate of [[fair value]] (THB27.38)

Is ASK-R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: ASK-R (THB10.6) is trading below our estimate of fair value (THB27.38)

Significantly Below Fair Value: ASK-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 ASK-R?

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

The above table shows the Price to Earnings ratio for ASK-R. This is calculated by dividing ASK-R's market cap by their current earnings.
What is ASK-R's PE Ratio?
PE Ratio	11.7x
Earnings	฿476.37m
Market Cap	฿5.60b

ASK-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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASK-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	33.6x
SGC SG Capital	77.8x	n/a	฿8.3b
HENG Heng Leasing and Capital	26.9x	n/a	฿4.6b
CHASE Chase Asia	16.5x	n/a	฿2.4b
THANI Ratchthani Leasing	13x	20.9%	฿10.9b
ASK-R Asia Sermkij Leasing	11.7x	29.4%	฿5.6b

Price-To-Earnings vs Peers: ASK-R is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (33.6x).

Price to Earnings Ratio vs Industry

How does ASK-R's PE Ratio compare vs other companies in the TH Consumer Finance Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ASK-R is good value based on its Price-To-Earnings Ratio (11.7x) compared to the TH Consumer Finance industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is ASK-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.

ASK-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.7x
Fair PE Ratio	15.8x

Price-To-Earnings vs Fair Ratio: ASK-R is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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.

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