Banpu Valuation

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

Below Fair Value: BANPU-F (THB6) is trading below our estimate of fair value (THB15.81)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BANPU-F?

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

The above table shows the Price to Earnings ratio for BANPU-F. This is calculated by dividing BANPU-F's market cap by their current earnings.
What is BANPU-F's PE Ratio?
PE Ratio	7.3x
Earnings	US$223.53m
Market Cap	US$1.64b

BANPU-F 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	1.4x
Enterprise Value/EBITDA	7x
PEG Ratio	10.7x

Price to Earnings Ratio vs Peers

How does BANPU-F's PE Ratio compare to its peers?

The above table shows the PE ratio for BANPU-F 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	21.8x
LANNA Lanna Resources	4.8x	n/a	฿8.5b
TOP Thai Oil	9x	21.5%	฿91.6b
BCP Bangchak Corporation	64.4x	64.3%	฿44.4b
PRM Prima Marine	8.9x	9.5%	฿20.4b
BANPU-F Banpu	7.3x	0.7%	฿56.6b

Price-To-Earnings vs Peers: BANPU-F is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

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

7 Companies	Price / Earnings	Estimated Growth	Market Cap

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BANPU-F is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Asian Oil and Gas industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is BANPU-F'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.

BANPU-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	7.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BANPU-F'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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