RPCG Valuation

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

RPC-R (THB0.46) is trading below our estimate of [[fair value]] (THB7.4)

Is RPC-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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RPC-R (THB0.46) is trading below our estimate of fair value (THB7.4)

Significantly Below Fair Value: RPC-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 RPC-R?

Key metric: As RPC-R is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RPC-R. This is calculated by dividing RPC-R's market cap by their current revenue.
What is RPC-R's PS Ratio?
PS Ratio	0.06x
Sales	฿9.44b
Market Cap	฿600.15m

RPC-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	0.5x
Enterprise Value/EBITDA	21.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does RPC-R's PS Ratio compare to its peers?

The above table shows the PS ratio for RPC-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.2x
TAE Thai Agro Energy	0.3x	n/a	฿850.0m
AIE AI Energy	0.2x	n/a	฿1.5b
SUSCO Susco	0.1x	n/a	฿3.0b
AI Asian Insulators	0.3x	n/a	฿2.6b
RPC-R RPCG	0.06x	n/a	฿600.1m

Price-To-Sales vs Peers: RPC-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does RPC-R's PS Ratio compare vs other companies in the TH Oil and Gas Industry?

6 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.3x	-0.7%
RPC-R RPCG	0.06x	n/a	US$17.39m
BCP Bangchak Corporation	0.08x	-4.4%	US$1.30b
IRPC IRPC	0.09x	-3.6%	US$827.96m

6 Companies		Estimated Growth	Market Cap
Industry Avg.	0.3x	3.3%
RPC-R RPCG	0.06x	n/a	US$17.39m

No more companies

Price-To-Sales vs Industry: RPC-R is good value based on its Price-To-Sales Ratio (0.1x) compared to the TH Oil and Gas industry average (0.3x).

Price to Sales Ratio vs Fair Ratio

What is RPC-R's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RPC-R PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.06x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RPC-R's Price-To-Sales 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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