Chuwit Farm (2019) Valuation

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

CFARM (THB1) is trading below our estimate of [[fair value]] (THB5.44)

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

Below Fair Value: CFARM (THB1) is trading below our estimate of fair value (THB5.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CFARM. This is calculated by dividing CFARM's market cap by their current earnings.
What is CFARM's PE Ratio?
PE Ratio	64.7x
Earnings	฿8.96m
Market Cap	฿580.00m

CFARM 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	2.6x
Enterprise Value/EBITDA	8.7x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CFARM 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	8.6x
F&D Food and Drinks	9.4x	n/a	฿718.2m
CM Chiangmai Frozen Foods	6.2x	n/a	฿777.5m
APO Asian Palm Oil	7x	n/a	฿768.4m
NTSC Nutrition SC	11.8x	n/a	฿990.0m
CFARM Chuwit Farm (2019)	64.7x	91.1%	฿580.0m

Price-To-Earnings vs Peers: CFARM is expensive based on its Price-To-Earnings Ratio (64.7x) compared to the peer average (8.6x).

Price to Earnings Ratio vs Industry

How does CFARM's PE Ratio compare vs other companies in the TH Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CFARM is expensive based on its Price-To-Earnings Ratio (64.7x) compared to the TH Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is CFARM'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.

CFARM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	64.7x
Fair PE Ratio	n/a

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