Food Moments Valuation

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

FM-R (THB3.84) is trading below our estimate of [[fair value]] (THB23.59)

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

Below Fair Value: FM-R (THB3.84) is trading below our estimate of fair value (THB23.59)

Significantly Below Fair Value: FM-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 FM-R?

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

The above table shows the Price to Earnings ratio for FM-R. This is calculated by dividing FM-R's market cap by their current earnings.
What is FM-R's PE Ratio?
PE Ratio	7.3x
Earnings	฿523.11m
Market Cap	฿3.87b

FM-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	4.9x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FM-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	12.9x
LST Lam Soon (Thailand)	8x	n/a	฿4.1b
BRR Buriram Sugar	3.1x	n/a	฿3.8b
TFM Thai Union Feedmill	10.2x	n/a	฿4.1b
PLUS Royal Plus	30.4x	46.0%	฿3.6b
FM-R Food Moments	7.3x	9.2%	฿3.9b

Price-To-Earnings vs Peers: FM-R is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does FM-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: FM-R is good value based on its Price-To-Earnings Ratio (7.3x) compared to the TH Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is FM-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.

FM-R 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 FM-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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