Next Capital Valuation

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

Below Fair Value: NCAP-R (THB1.62) is trading above our estimate of fair value (THB0.94)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NCAP-R. This is calculated by dividing NCAP-R's market cap by their current earnings.
What is NCAP-R's PE Ratio?
PE Ratio	12.1x
Earnings	฿181.30m
Market Cap	฿2.19b

NCAP-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 NCAP-R's PE Ratio compare to its peers?

The above table shows the PE ratio for NCAP-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	28.8x
CHASE Chase Asia	21.9x	n/a	฿2.3b
HENG Heng Leasing and Capital	26x	n/a	฿4.3b
AMANAH Amanah Leasing	47.4x	n/a	฿1.2b
KCC Knight Club Capital Holding	19.7x	n/a	฿1.5b
NCAP-R Next Capital	12.1x	n/a	฿2.2b

Price-To-Earnings vs Peers: NCAP-R is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (28.1x).

Price to Earnings Ratio vs Industry

How does NCAP-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: NCAP-R is good value based on its Price-To-Earnings Ratio (12.1x) compared to the Asian Consumer Finance industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is NCAP-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.

NCAP-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.1x
Fair PE Ratio	n/a

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