Food and Drinks Valuation

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

F&D-R (THB37.25) is trading below our estimate of [[fair value]] (THB172.73)

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

Below Fair Value: F&D-R (THB37.25) is trading below our estimate of fair value (THB172.73)

Significantly Below Fair Value: F&D-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 F&D-R?

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

The above table shows the Price to Earnings ratio for F&D-R. This is calculated by dividing F&D-R's market cap by their current earnings.
What is F&D-R's PE Ratio?
PE Ratio	8.6x
Earnings	฿76.54m
Market Cap	฿656.51m

F&D-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	0.8x
Enterprise Value/EBITDA	7.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does F&D-R's PE Ratio compare to its peers?

The above table shows the PE ratio for F&D-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	21.7x
APO Asian Palm Oil	6.7x	n/a	฿734.4m
CM Chiangmai Frozen Foods	6.3x	n/a	฿785.2m
CFARM Chuwit Farm (2019)	62.2x	91.1%	฿568.4m
NTSC Nutrition SC	11.7x	n/a	฿990.0m
F&D-R Food and Drinks	8.6x	n/a	฿656.5m

Price-To-Earnings vs Peers: F&D-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (22x).

Price to Earnings Ratio vs Industry

How does F&D-R'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: F&D-R is good value based on its Price-To-Earnings Ratio (8.6x) compared to the TH Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is F&D-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.

F&D-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate F&D-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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