PTT Public Company Limited

SET:PTT-R Stock Report

Market Cap: ฿942.6b

PTT Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: PTT-R (THB33) is trading below our estimate of fair value (THB74.45)

Significantly Below Fair Value: PTT-R is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PTT-R. This is calculated by dividing PTT-R's market cap by their current earnings.
What is PTT-R's PE Ratio?
PE Ratio8.3x
Earnings฿113.53b
Market Cap฿942.58b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PTT-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.6x
PTTEP PTT Exploration and Production
6.8x-8.7%฿506.2b
TOP Thai Oil
8.9x21.5%฿89.9b
CVE Cenovus Energy
11.2x5.0%CA$41.3b
ONGC Oil and Natural Gas
7.5x10.3%₹3.0t
PTT-R PTT
8.3x-2.6%฿942.6b

Price-To-Earnings vs Peers: PTT-R is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (8.5x).

Price to Earnings Ratio vs Industry

How does PTT-R's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PTT-R 8.3xIndustry Avg. 10.3xNo. of Companies37PE0816243240+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PTT-R is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Asian Oil and Gas industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is PTT-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.

PTT-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio6.8x

Price-To-Earnings vs Fair Ratio: PTT-R is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.8x).

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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