Krungthai Card Valuation

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

KTC-R (THB46.75) is trading above our estimate of [[fair value]] (THB37.83)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: KTC-R (THB46.75) is trading above our estimate of fair value (THB37.83)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KTC-R. This is calculated by dividing KTC-R's market cap by their current earnings.
What is KTC-R's PE Ratio?
PE Ratio	16.5x
Earnings	฿7.31b
Market Cap	฿120.54b

KTC-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	2.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KTC-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	13.2x
MTC Muangthai Capital	18.4x	18.9%	฿104.4b
SAWAD Srisawad Corporation	12.1x	11.0%	฿61.6b
TIDLOR Ngern Tid Lor	12.7x	15.4%	฿51.9b
AEONTS AEON Thana Sinsap (Thailand)	9.8x	6.2%	฿30.9b
KTC-R Krungthai Card	16.5x	7.2%	฿120.5b

Price-To-Earnings vs Peers: KTC-R is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

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

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KTC-R is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the Asian Consumer Finance industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is KTC-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.

KTC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.5x
Fair PE Ratio	15.4x

Price-To-Earnings vs Fair Ratio: KTC-R is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

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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