MFC Asset Management Public Company Limited

SET:MFC Stock Report

Market Cap: ฿3.5b

MFC Asset Management Valuation

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

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

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

Key Valuation Metric

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

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

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

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MFC 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
14.9xn/a฿2.7b
UOBKH UOB Kay Hian Securities (Thailand)
42.7xn/a฿2.7b
ASP Asia Plus Group Holdings
14.4xn/a฿5.2b
MST Maybank Securities (Thailand)
14.6xn/a฿5.5b
MFC MFC Asset Management
16.3xn/a฿3.5b

Price-To-Earnings vs Peers: MFC 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's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

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

Price-To-Earnings vs Industry: MFC 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'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 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'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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