Thai Ha Public Company Limited

SET:KASET Stock Report

Market Cap: ฿250.2m

Thai Ha Valuation

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

Below Fair Value: Insufficient data to calculate KASET's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KASET's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for KASET. This is calculated by dividing KASET's market cap by their current revenue.
What is KASET's PS Ratio?
PS Ratio0.6x
Sales฿417.02m
Market Cap฿250.20m

Price to Sales Ratio vs Peers

How does KASET's PS Ratio compare to its peers?

The above table shows the PS ratio for KASET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
POMPUI Kuang Pei San Food Products
0.1xn/a฿145.1m
CHOTI Kiang Huat Sea Gull Trading Frozen Food
0.2xn/a฿487.5m
APO Asian Palm Oil
0.4xn/a฿727.6m
CFARM Chuwit Farm (2019)
2.6x12.5%฿580.0m
KASET Thai Ha
0.6xn/a฿250.2m

Price-To-Sales vs Peers: KASET is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does KASET's PS Ratio compare vs other companies in the TH Food Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
CFRESH Seafresh Industry
0.2xn/aUS$38.88m
POMPUI Kuang Pei San Food Products
0.1xn/aUS$4.05m
No more companies available in this PS range
KASET 0.6xIndustry Avg. 0.7xNo. of Companies13PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KASET is good value based on its Price-To-Sales Ratio (0.6x) compared to the TH Food industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is KASET'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.

KASET PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KASET'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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