Globlex Holding Management Valuation

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

GBX-R (THB0.7) is trading above our estimate of [[fair value]] (THB0.54)

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: GBX-R (THB0.7) is trading above our estimate of fair value (THB0.54)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GBX-R. This is calculated by dividing GBX-R's market cap by their current earnings.
What is GBX-R's PE Ratio?
PE Ratio	11.3x
Earnings	฿67.69m
Market Cap	฿762.35m

GBX-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	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GBX-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	37.1x
BYD Beyond Securities	25.6x	n/a	฿4.8b
XPG XSpring Capital	64.7x	71.4%	฿9.6b
CGH Country Group Holdings	15.4x	n/a	฿2.8b
UOBKH UOB Kay Hian Securities (Thailand)	42.7x	n/a	฿2.7b
GBX-R Globlex Holding Management	11.3x	n/a	฿762.4m

Price-To-Earnings vs Peers: GBX-R is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (37.1x).

Price to Earnings Ratio vs Industry

How does GBX-R's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

41 Companies	Price / Earnings	Estimated Growth	Market Cap

41 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GBX-R is good value based on its Price-To-Earnings Ratio (11.3x) compared to the Asian Capital Markets industry average (18.1x).

Price to Earnings Ratio vs Fair Ratio

What is GBX-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.

GBX-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GBX-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.

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