MFC Asset Management Public Company Limited

SET:MFC-R Stock Report

Market Cap: ฿3.5b

MFC Asset Management Valuation

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

Below Fair Value: MFC-R (THB27.75) is trading above our estimate of fair value (THB18.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MFC-R. This is calculated by dividing MFC-R's market cap by their current earnings.
What is MFC-R's PE Ratio?
PE Ratio16.3x
Earnings฿214.00m
Market Cap฿3.49b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MFC-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
CGH Country Group Holdings
15.3xn/a฿2.8b
UOBKH UOB Kay Hian Securities (Thailand)
42.7xn/a฿2.7b
ASP Asia Plus Group Holdings
14.3xn/a฿5.2b
MST Maybank Securities (Thailand)
14.4xn/a฿5.5b
MFC-R MFC Asset Management
16.3xn/a฿3.5b

Price-To-Earnings vs Peers: MFC-R is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

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

41 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MFC-R 16.3xIndustry Avg. 17.6xNo. of Companies94PE01632486480+
41 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MFC-R is good value based on its Price-To-Earnings Ratio (16.3x) compared to the Asian Capital Markets industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is MFC-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.

MFC-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ration/a

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